Archive for May 25th, 2011

By ROBERT MORLEY theTrumpet.com The European Union is set to issue a very special bond this week. It is special because it is practically unprecedented. Just twice before has the EU borrowed money with the promise that all member nations would be responsible for paying it back. If the eurobonds become a permanent part... »

By Jeff Harding Minyanville.com Dr. Frank Shostak, an Austrian theory economist who works for MF Global, and who writes for Mises.org on economics, came out with an article this week on what will happen when theFed freezes its balance sheet in June, as they have said they will do. I very much enjoy Shostak’s... »

by Tyler Durden ZeroHedge.com 05/25/2011 Wonder why Europe is pressing so hard for Greece (and soon the other PIIGS) to collateralize its pre-petition loans on a Debtor in Possession basis? Here is your answer: “Yesterday’s unanimous agreement by the European Parliament’s Committee on Economic and Monetary Affairs (ECON) to allow central counterparties to accept... »

by Tyler Durden ZeroHedge.com 05/25/2011 Europe’s debt crisis has seen gold prices climb to new record highs in euros and British pounds at EUR 1,087.80/oz and GBP 944.93/oz respectively. Contagion concerns are mounting due to the failure of the ECB, the IMF and respective governments to tackle the sovereign debt crisis. The scale of... »

by Manlio Dinucci Global Research May 24, 2011 In Zayed Military City, in a training camp in a desert area of the United Arab Emirates (UAE), a secret army is in the making. This secret army of mercenaries, which is slated to be used not only in the Emirates but throughout the Middle East... »

On Patriotism by Fred Reed LewRockwell.com Patriotism is everywhere thought to be a virtue rather than a mental disorder. I don’t get it. If I told the Rotarians or an American Legion hall that “John is a patriot,” all would approve greatly of John. If I told them that patriotism was nothing more than... »

Does ’Merika Have a Culture? by Paul Craig Roberts LewRockwell.com The culture of the United States is said to be a youth culture, which is defined in terms of entertainment: sex, rock music or its current equivalent, violent video games, sports, and TV reality shows. This culture has transformed the country and appears on... »

Death Squad Damage Control in Tucson by William Norman GriggLew LewRockwell.com …no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized. The Fourth Amendment to the United States Constitution (emphasis added) The Constitution of the... »

By Jon Christian Ryter May 25, 2011 NewsWithViews.com The first wildcat well drilled in Alaska was sunk just south of present-day Anchorage on the shores of Cook Inlet in 1896. The discovery well was a dry hole. It produced a modest amount of oil, but at levels insufficient to justify development. Six years later... »