Archive for October 31st, 2010

From here, it almost seems inevitable. by Tom Blumer PajamasMedia.com October 31, 2010 As detailed in my previous column, despite appearances to the contrary, the federal government’s spending on its regular operations is wildly out of control, tax collections are flat, and the fiscal year 2010 out-of-pocket deficit was much higher than it was... »

Germany has had enough. Any eurozone state that spends its way into a debt crisis or cannot adapt to a monetary union set for Northern rhythms will face “orderly” bankruptcy. By Ambrose Evans-Pritchard TelegraphUK 31 Oct 2010 Bondholders will discover burden-sharing. Debt relief will be enforced, either by interest holidays or haircuts on the... »

Britain closer to cashless society ITN.co.uk Fri Oct 29 2010 New credit cards with ‘contactless’ technology are being rolled out to millions of credit card users, a sign that cash could one day become a thing of the past. The new technology on the cards allow users to simply ‘tap’ their credit cards over... »

Paul Jacob TownHall.com After next Tuesday’s election, Republicans will be the ultimate political power in the universe — or, at least, in the United States of America. That is, if GOP candidates perform anywhere near expectations and, indeed, capture even the slimmest majority in the U.S. House of Representatives. More powerful than the man... »

Activist Post As we wrote in our newsletter this week: scanners and backscatter devices are under pressure from all sides. Despite the best efforts of Michael Chertoff and the TSA, word is out that the Backscatter X-ray scanner technology that is being used in airports is exceedingly harmful, along with being an invasion of... »

By Nate Anderson ArsTechnia.com Yesterday, the Transportation Security Administration (TSA) rolled out new nationwide rules for traveler pat-downs. Want to keep your genitalia private by avoiding the new backscatter security scanners? You can request a pat-down instead, but the TSA is intent on making sure you won’t enjoy it. The new rules require agents... »

International Forecaster October 2010 (#9) – Gold, Silver, Economy + More By: Bob Chapman GoldSeek.com Sunday, 31 October 2010 The recognition of currency war, which has been going on for years, reflects the failure of international cooperation and the failure the G-20 to find a solution of the beggar-thy-neighbor policies of almost every nation.... »

By abandoning his own rhetoric of bipartisanship, President Obama divided America and set the course for a heavy Democratic defeat in Tuesday’s midterm elections By Toby Harnden TelegraphUK 30 Oct 2010 Welcome to the world as it was supposed to be for Barack Obama. Standing outside his campaign headquarters on St Charles Street in... »

by Tyler Durden ZeroHedge.com 10/30/2010 A Fed paper released in September, which we luckily missed as otherwise it would have led to the collective death through uncontrollable foaming in the mouth of the entire Zero Hedge staff, was “Oil Shocks and the Zero Bound on Nominal Interest Rates”, in which author Martin Bodenstein (an... »