Archive for December 16th, 2010

by George Washington ZeroHedge.com 12/16/2010 Banking expert Christopher Whalen (hailed by Nouriel Roubini as one of the leading independent analysts of the U.S. banking system) told the American Enterprise Institute that this is the first recession going back at least to the end of the first World War where government assistance has not trickled... »

by Tyler Durden ZeroHedge.com 12/16/2010 To all who watched the recent student demonstrations in London (in which members of the royal family ended up being victims of righteous mob anger), and mused that things like this can never happen in the US, Simon “Sovereign Man” Black has some words of caution: prepare to grab... »

By: Danny Schechter GoldSeek.com Dec 16, 2010 William Shakespeare put a key question this way; “To Be Or Not To Be?” Today’s economists and policy makers pose a different choice: to spend or not to spend. Governments throughout the west are in a panic as debt mounts and economies contract. Their solution is cut,... »

By: Mike Shedlock GoldSeek.com Dec 16, 2010 Pretty speeches regarding solidarity will not solve the European debt crisis. Yet, as Greece smolders in riots and firebombs over various austerity measures, pretty speeches, untenable pledges regarding haircuts, and continual bickering remain the only action items of note coming from Europe. Smoldering Politics Greece is not... »

by Tyler Durden ZeroHedge.com 12/16/2010 The latest report from RealtyTrac indicates that, as expected, November foreclosure activity has fallen off a cliff. In November “default notices, scheduled auctions and bank repossessions were reported on 262,339 U.S. properties, a 21 percent decrease from the previous month and a 14 percent decrease from November 2009. One... »

Britain, Italy, Russia & Greece paralyzed as 2011 shapes up to be year of mass civil disobedience Paul Joseph Watson Prison Planet.com Wednesday, December 15, 2010 Riots are sweeping Europe and the age of rage continues to intensify as the financial terrorists who caused the economic collapse now meter out the punishment for their... »

The Mogambo Guru GoldSeek.com Thursday, 16 December 2010 There are lots of sad stories about how so many people have mortgages larger than their houses are worth, now that their houses have gone down in value with the general decline in housing prices, and more and more people are finding themselves increasingly in this... »

By Webster G. Tarpley TARPLEY.net American voters are shocked and outraged by Obama’s latest betrayal of the FDR New Deal heritage. Most alarming in his dirty deal with the Republicans is the proposed sabotage of Social Security. We will work hard to defeat any politician of any party who loots or drains the Social... »

TheEconomicCollapse.com I hope that you enjoy the cheap foreign-made plastic trinkets that you will be exchanging with your family and friends this holiday season, because they are literally destroying the U.S. economy. As part of the new “one world economy” that both Democrats and Republicans insist is so good for us, millions of good... »

By: Bob Chapman GoldSeek.com The experts’ keep telling us how great shopping is this Christmas Season when only 17% of shoppers are using credit cards. That is a drop of 50% from last year, and the lowest usage in 27 years. We guess buyers have unloaded the cookie jar and pulled their savings from... »