Archive for August 11th, 2011

“Banks Cut” – Merrrill’s Pukes All Over Europe’s Banks

Thursday, August 11th, 2011

by Tyler Durden 08/11/2011 As if Europe needed any more fuel to the raging fire that has seen Italy collapse (remember ASSGEN: stock is halted, and CDS is 270-280, 100 bps wider than where we recommended it), futures plunge, and French banks resume the position, here is Merrill’s report titled, apropriately enough, “Banks... »

Posted in Economics, New World Order | No Comments »

Today’s Crunch Catalyst: Asian Banks Commence Cutting Credit Lines To French Banks, Sparking Self-Fulfilling Prophecies

Thursday, August 11th, 2011

by Tyler Durden 08/11/2011 Remember how we joked (but were dead serious) that the IMF is now simply a figurehead organization, and the real global bailout cop is China? Well, that may not be the case for much long. Reuters has just broken news that at least one bank in Asia, and five... »

Posted in China, Economics, Government Evil | No Comments »

David Morgan: $75 Silver Looming

Thursday, August 11th, 2011

The Gold Report The new normal could be $75/oz. silver. In this exclusive interview with The Gold Report, David Morgan, editor ofThe Morgan Report, maps out a path for silver that could sink as low as $5/ounce (oz.) during the summer pullback and then bounce up to $75/oz. to establish a new base... »

Posted in Economics | No Comments »

Breaking: Nine of the 12 Super Committee Members Named…(Dictatorship Complete!!)

Thursday, August 11th, 2011

By Susan Jones Senate Republican Leader Mitch McConnell on Wednesday announced the appointments of Republican Sens. Jon Kyl (Ariz.), Pat Toomey (Pa.), and Rob Portman (Ohio) to serve on the Joint Select Committee on Deficit Reduction. The recently passed debt-ceiling bill tasked the 12-member panel with reducing the federal deficit by another $1.5... »

Posted in Government Evil, New World Order | No Comments »

Nicolas Sarkozy pledges drastic austerity measures as French bank shares crash

Thursday, August 11th, 2011

French president Nicolas Sarkozy has ordered a “general mobilization” to slash France’s budget deficit in a frantic effort to safeguard the country’s AAA rating and head off a downgrade by Standard & Poor’s. By Ambrose Evans-Pritchard Mr Sarkozy returned from the Riviera to chair an emergency meeting in Paris with his inner cabinet... »

Posted in Economics, Government Evil, New World Order | No Comments »

Our political leaders seem to be paralysed by crises

Thursday, August 11th, 2011

A breakdown of social norms and a potential meltdown of the global financial system have exposed a shocking absence of meaningful leadership. By John McTernan A crisis reveals. It challenges leaders, and exposes whether or not they have the right stuff. As we face a breakdown of social norms in the UK and... »

Posted in Civil Unrest, Government Evil | No Comments »

Anarchy and Austerity: Why London Won’t Be the Last City to Burn

Thursday, August 11th, 2011

The Great Recession gave birth to a lost generation across the world, where youth unemployment rates stretch into the 20s, 30s and even 40s. Those millions have responded with violence. By Derek Thompson The riots and fires consuming London are a story about senseless violence and crime. They are also a story about... »

Posted in Civil Unrest, Economics, God Help Us, New World Order | No Comments »

DESCENT INTO EVIL…(All by design, of course!)

Thursday, August 11th, 2011

BY JOHN HINDERAKER The news from Great Britain has been sickening: riots and looting that began in London have gone on now for three nights, and have spread to other British cities. The riots are uncaused in any rational sense. Some observers associate them with bad economic times, but that is an act... »

Posted in New World Order | No Comments »

Can anything douse the economic flames?…(Calling for a “New World Order?”)

Thursday, August 11th, 2011

A global solution must be found to put out the fires that threaten our economies. By Jeremy Warner Lawlessness on city streets, mayhem in financial markets, warnings of civil war in Europe, Parliament recalled, a double-dip recession looming and the mighty US dollar stripped of its AAA credit rating – there’s an unmistakable... »

Posted in Economics, New World Order | No Comments »

London Riots: What Nobody Dares To Say

Thursday, August 11th, 2011

by Gary North On August 11, 1965, the Watts riot began. South Central Los Angeles went up in flames for five days – preceded by a night of rock throwing. Five days earlier, Lyndon Johnson had signed into law the Voting Rights Act, which set up Federal procedures to enable blacks to vote... »

Posted in Brave New World | No Comments »

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