Archive for July 12th, 2011

ByEamon Murphy DailyFinance.com The Boot Gets Kicked:As the eurozone sovereign debt crisis continues, focus is shifting to Italy — the continent’s third-largesteconomy– as the next potential victim. “In what Italian media dubbed ‘Black Friday,’”CNNMoney reports, “Italian stocks and bond yields plummeted at the end of last week, and trading was suspended for some Italian... »

WashingtonTimes.com The International Monetary Fund’s new chief foresees “real nasty consequences” for the U.S. and global economies if the U.S. fails to raise its borrowing limit. Christine Lagarde, the first woman to head the lending institution, said in an interview broadcast Sunday that such a failure would cause interest rates to rise and stock... »

by Eric Margolis LewRockwell.com In 1922, Greek armies trying to conquer western Anatolia were routed by Turkey’s military leader, Mustafa Kemal Ataturk. Hundreds of thousands of ethnic Greeks were uprooted from Ionian coastal areas. After this debacle, Greek officers took three former prime ministers, a general and two other politicians who had led the... »

by Walter E. Williams LewRockwell.com A recent Superman comic book has the hero saying, “I am renouncing my U.S. citizenship” because “truth, justice, and the American way – it’s not enough anymore.” Though not addressing Superman’s statement, Stanford University professor and Hoover Institution senior fellow William Damon explains how such a vision could emerge... »

A Run on the United States Government by Michael S. Rozeff LewRockwell.com A run is a mass withdrawal of cash funds from a borrower. We are in the midst of a continuing worldwide credit crisis, punctuated by “runs” of varying prominence and publicity. These runs are rational, not panics and not due to quirks... »

By J.B. Williams July 12, 2011 NewsWithViews.com Nothing in life is more certain than death and taxes. But the notion that there is or will ever be anything fair about either of these life realities, is just plain foolhardy. Ever heard the phrase – you can’t get blood from a turnip…? Sounds like a... »

The Intel Hub Shepard Ambellas & Alex Thomas June 15, 2011 The threat of a nuclear reactor meltdown in the United States is a real possibility and might be much closer on the horizon then you may think. Currently a Nebraska nuclear reactor is battling extreme flood waters due to the every increasing strange... »

By: Stephen Lendman MarketOracle Jul 11, 2011 After Greece’s government surrendered to banker occupation, trends analyst Gerald Celente told Russia Today that: America’s “economy continues to decline. There’s no recovery in sight.” Across Europe in Greece, Britain and elsewhere, people are reacting against forced austerity to assure bankers get paid. In fact, Trends Journal... »

Kerri Shannon Market Oracle Jul 11, 2011 he June jobs report was abysmal – bud sadly it’s just the beginning. After just a few months of modest, stimulus-induced improvement the jobs market is again sliding backwards into a “new normal” characterized by even higher rates of unemployment. “Unfortunately, I expect chronic high unemployment to... »

by Charles Hugh Smith ZeroHedge.com 07/11/2011 The reasons why small businesses aren’t hiring are structural; the dearth of jobs is not temporary, and this is not a “soft patch,” it is quicksand. The low job growth in the U.S. isn’t a “soft patch,” it’s a sea of quicksand. In a nutshell, here’s the situation:... »