Archive for August 12th, 2010

By Jennifer Schonberger Fool.com In August 2006, Peter Schiff, president of Euro Pacific Capital, offered what many considered to be an outlier prognosis for the economy: The exuberance would end, real estate prices would crash back down to earth, and consumers would revert to saving from spending. In short, a deep recession was in... »

The Economic Collapse.com Even just a decade ago, major pieces of legislation in the U.S. Congress would be just a few dozen pages long. But today, it seems like every time Congress passes an important bill it ends up being over a thousand pages long. In fact, the final version of the new financial... »

By Dan Denning The DailyReckoning.com August 12th, 2010 And just like that “the fear” is back. “The fear” is that the lazy month of August in the Northern Hemisphere might be good for your tan, but it’s not going to do anything for you have a lot of money to repay and no way... »

By Alexander Cockburn TheFirstPostUK AUGUST 12, 2010 I went to get my hair cut the other day and waited 10 minutes while the elderly barber finished buzz-cutting a young Mexican American. After the young man had exited under his thin skullcap of black stubble, Don the barber sighed and said, “That’s the third boy... »

Gerald Celente: US Depression Will Lead to Another Fake War Trends analyst Gerald Celente joins Alex Jones to discuss where the country is headed economically, and the potential for war with Iran (in four parts). The Rest…HERE Share on Facebook »

“We have Bernanke who is running the Federal Reserve who does not know what he is doing. We have a very serious problem on our hands and it’s gotten much much worse. The man is taking $400 billion on to the Federal Reserve balance sheets – of dicey loans, bad debt. I mean he... »

by Terry Coxon LewRockwell.com If everything you own is held in your own name in your own country, then you are not merely exposed, you are vulnerable absolutely, to whatever decisions the government might make about how you should behave and who gets the wealth you’ve earned. Tomorrow’s new government measure, which might land... »

By Timothy N. Baldwin, JD. August 12, 2010 NewsWithViews.com Freedom mostly—if not only—comes by revolution. Revolution is the change of political power from one to another. In the case of America’s founding, power transferred from Great Britain to the individual States of America. Inevitably, revolution results in the division and separation from that form... »

By Roger Fredinburg August 12, 2010 NewsWithViews.com 26 Billion Dollar State Bailout is just Crazy I sat there in front of my TV set watching in utter disbelief as President Obama explained the importance of saving thousands of Public Employee Union Jobs across America. Any normal assessment of America’s financial condition would lead to... »

By DAVID ROSEN CounterPunch.org At 7 am on Tuesday, August 3rd, Omar Thornton attended a disciplinary hearing at the Hartford Distributors, a Budweiser distribution warehouse in Manchester, CT. Thornton, a driver for two years, had been caught on video swiping some beer and was attending a union-mediated hearing to determine his continuing employment. Faced... »