Archive for July 7th, 2011

EndOfTheAmericanDream.com If you do not want to feel really depressed, you might not want to read this article. The U.S. economy is coming apart at the seams, and there are a whole lot of indications that things are about to get even worse. After a time of relative stability, the pace of job cuts... »

EconomicCollapseBlog.com In the past, there certainly have been governments that have gotten into trouble with debt, but what we are experiencing now is the first truly global sovereign debt crisis. There has never been a time in recorded history when virtually all of the governments of the world were drowning in debt all at... »

By Jeff Nielson Implode-O-Meter Blog While I have long since given up the “hunt” for intelligent analysis from the mainstream media on the silver sector, I have also become somewhat frustrated with much of the commentary I’ve seen from the more reliable/better informed commentators within the silver sector. Two “camps” seem to have emerged,... »

The world economy is currently long in questions but short in answers. In what is now our fifth Gold Report we want to explain why our long-term target of USD 2,300, set for the first time three years ago, could prove conservative. Ronald Stoeferle MineWeb.com Gold is a highly emotional topic. It seems there... »

By Ian Traynor in Brussels and Helen Pidd in Berlin Guardian.co.uk A dangerous and novel phase in the eurozone crisis has opened up on Tuesday after the ratings agency Moody’s downgraded Portugal to junk status and voiced strong pessimism about the prospects for its €80bn (£71.8bn) bailout by the EU and International Monetary Fund... »

A chorus of policy-makers from Europe and across the world have denounced Moody’s drastic downgrade of Portuguese debt as an act of financial vandalism, accusing the “Anglo-Saxon” rating agencies of driving states into bankruptcy and destabilising the global system. By Ambrose Evans-Pritchard Telegraph.co.uk Wolfgang Schauble, German finance minister, said there was no justification for... »

Greece must privatise assets on a scale similar to the sell-off of East German companies at the fall of the Berlin Wall to rebuild its finances, the chairman of the Eurogroup of finance ministers said on Sunday. By Matthew Holehouse Telegraph.co.uk “The sovereignty of Greece will be massively limited,” Jean-Claude Juncker, who is also... »

By: John Browne, Euro Pacific Capital GoldSeek.com Last week, the Greek parliament voted by a narrow margin to pass an economically crippling austerity plan of some $40 billion in return for some $159 billon of fresh liquidity injections. Although many hailed the event as a needed first step on a long road to recovery,... »

by Washington’s Blog Global Research July 6, 2011 The Economist noted in January: Hu Jintao, David Cameron, Warren Buffett and Dominique Strauss-Kahn … have all worried, loudly and publicly, about the dangers of a rising gap between the rich and the rest. *** A new survey by the World Economic Forum, whose annual gathering... »

by Gary North LewRockwell.com Let us assume that at some point in the future, Congress will pass and the President will sign three bills. These three laws would strip power from the United States government on a scale inconceivable even to the Tea Party’s hard core members. They would be very short laws. The... »