by Tyler Durden ZeroHedge.com 06/25/2010 After surviving the start of the Second Great Depression, and living in its first great bear market bounce/short squeeze, where now all the attention is focused on a collapsing Europe, many could be wondering how, if at all, it would have been different to have lived through the first... »
Archive for June 25th, 2010
The First Great Depression: Blow By Blow, From The BIS, And How It Mirrors Our Ongoing Second Great Depression
Giant, oil-sucking vessel headed to Gulf for spill cleanup duty after Norfolk stop
AL.com Friday, June 25, 2010 NORFOLK, Va. — A tanker dubbed the “A Whale” and billed as the world’s largest oil skimming vessel was to set sail today to the Gulf of Mexico after a brief stop at the Port of Hampton Roads. But there no guarantee it will be allowed to assist in... »
BP’s Fake Cleanup: Worker quits, says “They told us not to dig”; “Forbidden” to clean beneath surface when oil is buried 12 inches deep (VIDEO)
FloridaOilSpill.com June 25th, 2010 Former Oil Worker Says Cleanup Just For Show, WKRG Channel 5 CBS Pensacola, June 24, 2010: Former oil clean-up worker Candi Warren says she signed up to make a difference, but soon found out the work of cleaning the beaches was all cosmetic. That’s what she was told, she says.... »
Tropical depression forms in Caribbean
By Doyle Rice USA TODAY.com 6/25/10 The first tropical depression of the 2010 Atlantic hurricane season has formed in the Western Caribbean, according to the National Hurricane Center. The center says that “the depression is very close to tropical storm strength… and conditions appear favorable for some intensification before it reaches the Yucatan Peninsula... »
Towards a New Monetary Order
By: Thorsten Polleit Market Oracle Jun 25, 2010 Henry Ford is alleged to have said that “it is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” The spirit of his words encourages us... »
The Greeks Are Pissed!…Greek minister’s aide killed in bomb attack
Device disguised as gift kills public order minister’s aide in Athens David Batty Guardian.co.uk Thursday 24 June 2010 A close aide of aGreek minister has died as a result of a bomb blast inside government offices in Athens. The bomb, a booby-trapped device disguised as a gift, exploded in the hands of the public... »
Go Italians!!…Italians strike over Berlusconi’s austerity budget
Italy’s largest union calls national strike, marches * Opponents say budget cuts hit workers, spare rich * Workers strike for either four or eight hours (Updates with marches in several cities) By Daniel Flynn Reuters.com ROME, June 25 (Reuters) – Tens of thousands of demonstrators marched through Italian cities on Friday during a general... »
Obama Can Shut Down Internet For 4 Months Under New Emergency Powers
Kill switch’ bill approved, moves to Senate floor. Paul Joseph Watson Prison Planet.com Friday, June 25, 2010 President Obama will be handed the power to shut down the Internet for at least four months without Congressional oversight if the Senate votes for the infamous Internet ‘kill switch’ bill, which was approved by a key... »
CNN: Gulf residents say chemicals & oil “are making them violently ill”; “Almost all” Exxon Valdez cleanup workers “are now dead” (VIDEO)
FloridaOilSpillLaw.com June 25th, 2010 BP’s Next Step?; Oil Spill Outrage, Rush Transcript for Campbell Brown: BROWN: Tonight, growing outrage over the millions of gallons of chemical dispersants BP is dumping into the gulf. Some local residents insist the chemicals along with the oil are making them violently ill. They say they’re nauseated. They’ve got... »
Finally The Farce That Is Fin Reg Reform Passes And Wall Street Can Resume Its Rapid March To Financial Armageddon
by Tyler Durden ZeroHedge.com 06/25/2010 As if anyone thought otherwise, the final shape of finreg has now been formalized and as Shahien Nasiripour at the Huffington Post notes, “many of the measures that offered the greatest chances to fundamentally reshape how the Street conducts business have been struck out, weakened, or rendered irrelevant.” Congrats,... »