Archive for July 7th, 2010

A full-fledged disintegration of the eurozone would trigger the worst economic crisis in modern history, devastate every country in Europe including Germany, and inflict a deflationary shock on the US. There would be no winners, warns the Dutch bank ING in a new report “Quantifying the Unthinkable”. By Ambrose Evans-Pritchard TelegraphUK 07 Jul 2010... »

U.S. Plans Cyber Shield for Utilities, Companies By SIOBHAN GORMAN WallStreetJournal.com JULY 8, 2010 The federal government is launching an expansive program dubbed “Perfect Citizen” to detect cyber assaults on private companies and government agencies running such critical infrastructure as the electricity grid and nuclear-power plants, according to people familiar with the program. The... »

By David Cronin IPSNews.com BRUSSELS, Jul 6, 2010 (IPS) – Private information on innocent citizens will be handed over to U.S. law enforcement authorities under an agreement slated for approval by the European Parliament this week. In February, members of the Parliament (MEPs) rejected a plan to allow data on everyday bank transactions be... »

Paul Brockton MoneyTeachers.org Today I listened to the mainstream news discuss a study on dangerous germs and bacteria transmitted through “dirty” money that, in some parts of the world, people carry in the dirtiest parts of their body. As we enter the final stages of the Financial Collapse, people are arguing over inflation vs.... »

By Caroline Baum Bloomberg.com Jul 7, 2010 The U.S. debate over more government spending versus fiscal austerity is captivating the nation’s capital, dominating the airwaves and providing the best excuse in at least a millennium to recycle St. Augustine (“Lord, make me chaste, but not yet”). What it has failed to do, with rare... »

By Dakin Campbell Bloomberg.com Jul 7, 2010 Wells Fargo & Co., the fourth-largest U.S. bank by assets, said it will eliminate 3,800 jobs, or about 1.4 percent of its total workforce, and close its consumer- finance unit. The lender will take a charge of $185 million, with $137 million, or 2 cents a share,... »

By: Jim Willie CB Market Oracle Jul 07, 2010 Time to awaken to a new dreadful reality. Just like autumn 2008, all over again, the stock market is breaking down in a powerful visible manner, after nothing was fixed with the vast financial structures but much money was spent. If only the USGovt had... »

By JENNIFER STEINHAUER NYTimes.com May 13, 2009 IMPERIAL, Calif. — Ten minutes into arrant mayhem in this town near the Mexican border, and the gunman, a disgruntled Iraq war veteran, has already taken out two people, one slumped in his desk, the other covered in blood on the floor. The responding officers — eight... »

New “war on drugs” program another alarming sign that America is under martial law Paul Joseph Watson Prison Planet.com Wednesday, July 7, 2010 The New York National Guard is working with local law enforcement authorities to perform sophisticated scans of vehicles entering the New York area looking for guns and drugs in the latest... »

Military claim that foreign soldiers were merely “observers” in Vigilant Guard exercises disproved by Infowars film crew. Paul Joseph Watson Prison Planet.com Wednesday, July 7, 2010 Law enforcement and military officials were keen to play down the presence of Polish troops during the recent Operation Vigilant Guard exercises in Chicago, but claims that the... »