Archive for December 13th, 2010

By Loren Grush FoxNews.com December 13, 2010 In futuristic movies like “Aliens 2″ and “12 Monkeys,” prisoners are bar coded for easy identification. But today’s reality is even wilder: Scientists have proposed bar-coding embryos. Researchers from the Universitat Autonoma de Barcelona in Spain have just finished testing a method for imprinting microscopic bar codes... »

Roger Weigand Kitco.com We all know what caused the 2008 banking crisis killing Lehman and others. It was reckless lending, too low interest rates, loosy-goosy credit for consumers and most of all, instigation of derivatives by greedy bankers hungry to make billions on the quick. Now that central banks have bailed them out of... »

By Stephen Lendman Rense.com 12-13-10 Planned is death by a thousand cuts – aka “creeping normalcy,” defined as a way to make major changes seem normal if happen slowly, incrementally like boiling a frog unaware it’s dinner until cooked. Social Security and Medicare are dinner. Yet both are insurance, not welfare, programs funded by... »

By: Martin D Weiss Market Oracle Dec 13, 2010 When Americans went to the polls last month, many thought they were voting for a return of fiscal sanity in Washington. And with fiscal sanity, we’d have far better assurance of bond-market stability. Instead, three houses of ill repute — two on Capitol Hill and... »

By LOUISE STORY NYTimes.com On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan. The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in... »

by James Quinn FinancialSense.com Mon, 13 Dec 2010 Have you noticed the latest sound bites coming from the punditry in the corporate mainstream media? Here is the latest wisdom flowing from the lying mouthpieces of the ruling oligarchy (Wall Street, Washington DC, Mega-corporations): The economy is recovering and employment is growing. Consumers are deleveraging,... »

Mike “Mish” Shedlock, Global Economic Trend Analysis BusinessInsider.com Dec. 13, 2010 Detroit has been bankrupt for years. It simply refuses to admit it. Detroit’s schools are bankrupt as well. A mere 25% of students graduate from high school. Yet, in spite of hints and threats from mayors and budget commissions, and in spite of... »

By: Brian Bloom MarketOracle.co.uk Dec 12, 2010 In this analyst’s view, it is only a matter of time before the folly of Quantitative Easing becomes transparent to everyone. That time may be closer than most people think. Here is a quote from an article entitled “Investors Hold Biggest Commodity Positions On Record; Viral Nonsense... »

Raven Clabough SilverBearCafe.com Skeptics who continue to assert that the economic plight of the United States has been overstated need not look further than the Pentagon to find out just how wrong they are. CNBC has learned that the Pentagon is currently playing out “war games” pertinent to an American economic meltdown. According to... »

By Karl Denninger SeekingAlpha.com Americans want Congress to bring down a federal budget deficit that many believe is dangerously out of control, only under two conditions: minimize the pain and make the rich pay. The public wants Congress to keep its hands off entitlements such as Medicare, Medicaid and Social Security, a Bloomberg National... »