Archive for November, 2010

By: Mike Whitney Market Oracle Nov 30, 2010 The terms of the EU/IMF’s €85 billion ($113 billion) bailout for Ireland are much worse than analysts had anticipated. Ireland will be required to use its National Pension Reserve Fund (NPRF) to shore up its insolvent banks and to maintain government operations. At the same time,... »

The American Dream Nov 30, 2010 As this latest Black Friday clearly demonstrated, Americans are literally willing to trample one another to get the best deals on cheap foreign-made plastic crap. Meanwhile, as thousands of factories and millions of jobs continue to get shipped overseas, the United States is rapidly turning into a post-industrial... »

The Mogambo Guru GoldSeek.com Tuesday, 30 November 2010 I knew I was pretty sloshed when I started giggling about the perverse idiocy in which bankrupted governments wallow, as The Wall Street Journal had a nice headline that said it all: “States Raise Payroll Taxes to Repay Loans.” Hahaha! I mean, what kind of crazy... »

By Rocky Vega DailyReckoning.com At a recent conference on economic cooperation in Germany, Russian prime minister Vladimir Putin explained it was “quite possible” that in the future Russia would join the eurozone. He also expressed that the move would probably bring about the replacement of the US dollar with the euro as the world’s... »

By Tim Catts Bloomberg.com Nov. 30 (Bloomberg) — Corporate bond sales worldwide are tumbling on concern Ireland’s debt crisis will spread across Europe as returns on the notes approach their worst month since credit markets froze two years ago. Issuance has slumped 31 percent since Nov. 15, compared with the same period a year... »

Activist Post.com The average person can barely imagine why World War III would be anything but a civilization-ending event. And, yet, we have heard Neocons ramping up rhetoric that suggests a new world war would be a viable option to correct a dying dollar and economy. Or, perhaps it is simply a sound investment... »

Sealed With a Kiss by Mike (in Tokyo) Rogers LewRockwell.com What does modern North Korea, 1600 ~ 1853 Imperial Japan and the USA have in common? Those government’s try to support failing systems by cutting their people off from the foreign influence. It’s called, in Japanese, Sakoku. Sakoku means something like isolation from the... »

by Thomas J. DiLorenzo LewRockwell.com Over the Thanksgiving holiday (decreed by Lincoln in 1863) one neocon Tabloid, National Review, reprinted Lincoln’s October 3, 1863 proclamation, highlighting Abe’s cynical reference to “the Most High God . . .” Another neocon Tabloid, The American Spectator, published the typical sappy, a-historical, fact-free, rhetorical mumbo jumbo about “Father... »

Don’t Raise the Debt Ceiling! by Ron Paul LewRockwell.com As of November 7th, the total U.S. public debt outstanding reached an astonishing $13.7 trillion. This means that although Congress just raised the debt ceiling to $14.3 trillion back in February, the new Congress will face another debt ceiling vote almost immediately next year. Otherwise,... »

By Betty Freauf November 30, 2010 NewsWithViews.com Aldous Huxley in his 1932 Brave New World said a really efficient totalitarian state would be one in which the all-powerful executive of political bosses and their army of managers (czars) control a population of slaves who do not have to be coerced, because they love their... »