Archive for February 9th, 2011

Gus Lubin BusinessInsider.com Feb. 8, 2011 China’s wheat basket, Shangdong Province, is stuck in the worst drought in 60 years. If weather forecasts hold true, this will be the worst drought in 200 years, according to Xinhua. The government has already declared a state emergency to send relief to the province, including trucks full... »

By MIKE WHITNEY CounterPunch.org On August 9, 2007, an incident took place at a bank in France that touched-off a financial crisis that that would eventually wipe out more than $30 trillion in capital and thrust the world into the deepest slump since the Great Depression. The event was recounted in a speech by... »

Scientists in Iceland are warning that another volcano looks set to erupt and threatening to spew-out a pall of dust that would dwarf last year’s event. TelegraphUK 08 Feb 2011 Geologists detected the high risk of a new eruption after evaluating an increased swarm of earthquakes around the island’s second largest volcano. Pall Einarsson,... »

by Jeff Rubin FinancialSense.com Wed, 9 Feb 2011 It’s more than coincidence the Arab world is convulsing with social unrest just as the United Nations Food and Agriculture Organization’s widely watched price index recently soared past the previous food price peak set in the summer of 2008. After all, didn’t those same prices ignite... »

by Chris Martenson ZeroHedge.com 02/09/2011 One day, a fruit and vegetable seller was arrested in Tunisia, sparking social unrest, and a few weeks later the government of Egypt was set to topple. Such is the nature of complex, chaotic, and unpredictable systems. The stresses build for years and years, and nothing really seems to... »

WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid on prices John Vidal GuardianUK Tuesday 8 February The US fears that Saudi Arabia, the world’s largest crude oil exporter, may not have enough reserves to prevent oil prices escalating, confidential cables from its embassy in Riyadh show. The cables, released by... »

Vote Fails to Secure Two-Thirds Majority, Leaves Act in Limbo by Jason Ditz AntiWar.com February 08, 2011 In a stunning turn of events, the House of Representatives has narrowly defeated the effort to “fast track” the USA Patriot Act extension for an additional 10 months. The vote needed a two-thirds majority, but managed to... »

Seeking Alpha Feb 9, 2011 We’ve been over the numerous BS excuses that US Dollar destroyer extraordinaire Ben Bernanke has made for QE enough times that today I’d rather simply focus on the REAL reason he continues to funnel TRILLIONS of Dollars into the Wall Street Banks. I’ve written this analysis before. But given... »

By Jerome R. Corsi WorldNetDaily.com February 08, 2011 Barack Obama and Canadian Prime Minister Stephen Harper quietly have taken a major step toward erasing the border between the two nations with a new “Beyond the Border” bilateral declaration. In a ceremony designed to remain below the radar of national public opinion, Obama and Harper... »

Method of persecuting people who refuse to buy mandatory health care invokes holocaust imagery Paul Joseph Watson Prison Planet.com Wednesday, February 9, 2011 A leading advocate of Obamacare told NPR yesterday that Americans who refuse to pay for health care should be forced to wear gold stickers on their foreheads and refused emergency hospital... »