Archive for August 10th, 2011

BeforeItsNews.com Wed Aug 10 2011 All this week stock markets have been in free-fall across the capitalist world. With “economic confidence” lost in two of Europe’s biggest economies, (Spain and Italy) a second devastating world recession is virtually inevitable if they fall. HERE IS THE list of_countries_with_blood_in_their_streets, countries with the highest External Debt-to-GDP percentage... »

by Tyler Durden ZeroHedge.com 08/10/2011 Following years of destroying this country and acting as a spineless proxy only for Wall Street, Congress is facing a historic event: for the first time a majority of Americans are demanding a clean out of the House. The full poll indicating that yet another bloodbath is coming during... »

Gerald Celente Trends Journal Aug 10, 2011 On June 13th, Trends Journal subscribers and the global media received this Trend Alert®: “Collapse It’s Coming! Are You Ready?” In that Trend Alert®, Gerald Celente accurately predicted that a global economic collapse was imminent. “The economy is on the threshold of calamity … another violent financial... »

by George Washington ZeroHedge.com 08/10/2011 While most mainstream news outlets are blaming the British riots on random thuggery, they are really an outgrowth of bad economic conditions and governments’ poor response to the financial crisis. As I’ve noted for years, raging inequality and policies which help the big boys at the expense of the... »

How did the road out of recession lead into a cul-de-sac? And why, all of a sudden, is the world economy falling apart? The answer is all about growth and debt. By Derek Thompson TheAtlantic.com Is the stock runoff for real? Are we falling into another recession? What the heck is going on, anyway?... »

By Silver Shield Dont-Tread-On.me We are at the beginning of a major shift out of paper assets into real assets. Those that are starting to come to this revelation have no real understanding what they are doing when they are buying gold. Sure they might get that it is rare and might remember their... »

By Jeff Clark, Editor BIG GOLD, Casey Research GoldSeek.com I was recently asked in an interview if I thought gold was going to $5,000 an ounce. “No,” I said bluntly. “I think it’s going higher.” “You’re that optimistic?” “No,” I replied. “I’m that pessimistic.” Imagine the condition of our world if gold reached $5,000... »

JESSE’S CAFÉ AMÉRICAIN About what one might have expected. No specific action at this time, but reassurances that the Fed recognizes the downturn in the economy, with fresh evidence of this since their last meeting in June, and higher risks to recovery through lack of confidence in financial assets, and slack employment and spending... »

By David Schawel BusinessInsider.com Like most market observers and participants, the buildup to this afternoon’s Fed announcement was palpable. With the release void of an explicit “QE3″ or new bond buying program, the Street was left to deal with ramifications of holding Fed Funds rates down until mid-2013. While, a new bond buying program... »

by Llewellyn H. Rockwell, Jr. LewRockwell.com The trigger that apparently caused the market meltdown was the ever-so-slight suggestion from Standard & Poor’s that the US government’s fiscal health might not be all that it is cracked up to be. This was not a case of the little boy noting the emperor has no clothes.... »