Archive for July 27th, 2011

David Edwards Raw Story July 27, 2011 Sen. Mike Lee (R-UT) told MSNBC’s Chris Matthews Monday that he is giving Congress ten days to pass a constitutional amendment that would make raising taxes nearly impossible. And if he doesn’t get what he wants, he will do everything in his power to force the U.S.... »

by Phoenix Capital Research ZeroHedge.com 07/26/2011 We have officially entered Round Two of the Financial Crisis. Round One took place from 2007-2008, consisting largely of private debt (derivatives, credit default swaps, etc) taking down private companies (banks, financials, insurance companies), etc. The US Government response to this was to nationalize various entities (mortgages, insurance,... »

By Nuno Monteiro, Thomas Wright SilverBearCafe.com Europe is on the brink of a major financial disaster. Moody’s has downgraded Irish and Portuguese debt to junk, a status until now reserved for Greece. This in turn has led interest rates on Spanish and Italian debt to spike. Contagion of these two major economies is now... »

by: Ethan A. Huff NaturalNews.com Wednesday, July 27, 2011 Throughout the history of agriculture across the globe, farming has always been a diversified sector of the economy. Small, self-sustaining, family farms were the order of the day in most cultures. Even as small farms grew larger and more specialized over time, many of them... »

Mac Slavo July 26th, 2011 SHTFplan.com Millions of Americans believe they’re sitting pretty with their pensions funds, 401(k) retirement plans and medical benefits. But, as we’ve written previously on numerous occasions, pensions are anything but safe. We’re starting to see the coming pension wipe out creep up in smaller cities, and you can be... »

by Washington’s Blog Global Research July 27, 2011 According to Reuters, a majority of economists now think that U.S. credit will be downgraded. The debt ceiling plans being proposed likely will not avoid a debt downgrade. Indeed, as Zero Hedge notes, the cuts being proposed in the debt ceiling proposals would be offset by... »

by Dr. Paul Craig Roberts Global Research July 26, 2011 In my last column I suggested that an unintended outcome of the debt ceiling impasse could be Congress’ loss of the power of the purse. In this column I suggest an intended outcome that the ongoing political theater might be designed to produce. President... »

EconomicCollapseBlog.com Has anyone else noticed that the level of stress in this country appears to be extremely high right now? Today, it seems like our federal government, our state governments and most American families live in a constant state of crisis. Everywhere you look there are major problems. Right now everyone is stressed out... »

by Llewellyn H. Rockwell, Jr. LewRockwell.com The violence perpetuated by Anders Behring Breivik in Norway unleashed the usual torrent of blaming anyone who might have influenced the murderer’s thought. He was first described as a right-wing Christian – a description designed to put a certain community on notice. As more evidence rolled in, he... »

Rollover Risk and American Hegemony by Michael S. Rozeff LewRockwell.com The debt limit will be raised. Neither side will get its way. The U.S. government always raises the debt limit. How else would the debt and the government have gotten so large? Not raising the debt limit means that the government takes the road... »