Archive for July, 2011

by Larry Chin Global Research July 29, 2011 The grotesque political carnival gripping Washington is being referred to as a “debt crisis”. But the debt and the looming default of the United States are merely symptoms of the wider calamity that remains deliberately unaddressed. This is a global collapse: the death and controlled demolition... »

by Dr. Paul Craig Roberts Global Research July 29, 2011 With the world concerned about US financial credibility and the poor outlook for the US economy, now is not the time for the Republicans to grandstand on the public debt. The debt ceiling needed to be quietly raised. Instead, the Republicans started a fire... »

EconomicCollapseBlog.com Jeffrey Immelt, the head of Barack Obama’s highly touted “Jobs Council”, is moving even more GE infrastructure to China. GE makes more medical-imaging machines than anyone else in the world, and now GE has announced that it “is moving the headquarters of its 115-year-old X-ray business to Beijing”. Apparently, this is all part... »

by Phoenix Capital Research ZeroHedge.com 07/28/2011 In order to understand why there will be a second round to the Great Crisis, we first need to understand why Round 1 (2007-2009) occurred. And that cause can be explained in one simple word: derivatives. As their name implies, derivatives are securities that are “derived” from underlying... »

By Julie Bort NetWorkWorld.com It sounds like the stuff of science fiction, but for the past few years, researchers have tapped into brain waves to control everything from video games to wheelchairs. They are beginning to use computers to decipher our thoughts, too. I received an e-mail yesterday from a reader named Brad asking... »

By Spencer Ackerman Wired.com July 27, 2011 Most of Congress is busy debating whether to raise the debt ceiling. But starting Thursday, Danger Room is hearing, a group of Senators meeting behind closed doors may consider renewing a controversial law permitting widespread government surveillance of Americans’ communications. That law would be the FISA Amendments... »

by Robert Ringer PersonalLiberty.com Watching the nonstop commentaries on television about the debt ceiling debate only reinforces the reality that most people — including many perceived conservatives — still don’t get it. If they did, they would not allow themselves to be diverted by a political circus. It amazes me how the vast majority... »

by Phoenix Capital Research ZeroHedge.com 07/28/2011 This is a continuation of my first article: Preparing For the Coming US Debt Default Pt 1. As a brief recap, that article focused on the fact that the debt issue plaguing Greece and Europe have arrived at the US’s shores. Once lenders figure out that there’s an... »

by Tyler Durden ZeroHedge.com 07/28/2011 Tonight just got that Lehman Brothersy feel to it. After hours of delays, Boehner just experienced a supreme dose of humiliation after he announcing he would cancel tonight’s much delayed vote on his deficit plan after apparently being unable to get the requisite 218 votes to pass his plan... »

by Tyler Durden ZeroHedge.com 07/28/2011 By now some readers may have read ludicrous stories about the Fed coining multi-trillion precious metal coins in a way to loophole the debt ceiling situation. Granted, this plan is so far beyond ridiculous that we have not wasted the time to comment on it. That, however, does not... »