Archive for June 28th, 2010

Financial Reform Bill Will Not Stop the Next Meltdown

Monday, June 28th, 2010

By Greg Hunter USAWatchdog.com 28 June 2010 The much awaited financial reform bill was finished up in an overnight marathon House and Senate committee session last week. Now, the full Congress will most likely pass the final bill and send it to the President. This bill came about as a result of the near... »

Posted in Civil Unrest, Civil War II, Economics, Government Evil | No Comments »

Cybersecurity Measures Will Mandate Government “ID Tokens” To Use The Internet

Monday, June 28th, 2010

Gargantuan move against Internet freedom accelerates into high gear Paul Joseph Watson & Alex Jones Prison Planet.com Monday, June 28, 2010 The move to shut down and regulate the Internet under a new government-controlled system has accelerated into high gear with the announcement that the government’s cybersecurity strategy revolves around issuing Internet users with... »

Posted in Facism, Government Evil, Police State | No Comments »

US Money Supply Plunges at 1930’s Pace and Housing Index Dives

Monday, June 28th, 2010

by Sol Palha FinancialSense.com June 28, 2010 Advice is what we ask for when we already know the answer but wish we didn’t. Erica Jong The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest... »

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Why Another Depression Is NOT Off the Table

Monday, June 28th, 2010

by Thomas P. Au, CFA FinancialSense.com June 28, 2010 Most people breathed a sigh of relief as the economic crisis of early 2009 came and went. Another Great Depression had been avoided, or so people thought. After they got over their initial, late 2008 shock, the U.S. Treasury Department and Federal Reserve Bank got... »

Posted in Civil Unrest, Civil War II, Economics, Government Evil, New World Order | No Comments »

Tropical Storm Alex forecast to strengthen; could push oil toward Gulf Coast

Monday, June 28th, 2010

FloridaOilSpillLaw.com Tropical Storm Alex may become a major hurricane as it churns toward the Texas-Mexico border forcing the evacuation of some rigs and sending swells at the oil slick created by the U.S.’s worst spill. The storm may grow into at least a Category 3 system, with minimum winds of 111 mph (178 kph),... »

Posted in Earth Changes, Oil | No Comments »

Oil spill makes first landfall on Mississippi mainland, hits Alabama beaches

Monday, June 28th, 2010

George Altman AL.com June 28, 2010 Countless patches of light oil sheen moved into waters north of the barrier islands of Alabama and Mississippi on Sunday, as brown and orange blobs washed ashore from Orange Beach to as far west as Ocean Springs. Boats worked to corral iridescent sheen just north of Dauphin Island’s... »

Posted in Earth Changes, Oil | No Comments »

The Third Depression

Monday, June 28th, 2010

By PAUL KRUGMAN NYTimes.com Recessions are common; depressions are rare. As far as I can tell, there were only two eras in economic history that were widely described as “depressions” at the time: the years of deflation and instability that followed the Panic of 1873 and the years of mass unemployment that followed the... »

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Moral bankruptcy?

Monday, June 28th, 2010

Financially struggling homeowners say they’re just being shrewd when they file for Chapter 7 to escape a mortgage By Mary Ellen Podmolik ChicagoTribune.com Cash-strapped, jobless and denied a loan modification, Del Phillips faced the same straits as millions of homeowners who risk losing their homes to mortgage lenders. Some have struggled unsuccessfully to keep... »

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On Fannie’s Escalating Threats Against “Strategic Defaulters”

Monday, June 28th, 2010

NakedCapitalism.com This blog warned a few weeks ago of a coming campaign by the officialdom against so-called “strategic defaulters”. It has arrived even sooner than we expected. This blog warned a few weeks ago of a coming campaign by the officialdom against so-called “strategic defaulters”. It has arrived even sooner than we expected. We... »

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Fed Credit, Inflation and the Idiots in the Middle

Monday, June 28th, 2010

by Richard Daughty LewRockwell.com A whole series of alarms occurred after I got the news, although I lost the source, that “food stamp usage just soared to a new record high” of 40.2 million persons. This number is alarming in itself because it means that the economy is so bad that more and more... »

Posted in Economics, Humor | No Comments »