Archive for October 6th, 2011

Brandon Smith Alt-Market.com Thursday, 06 October 2011 At the very foundation of perhaps every modern day conflict between the expansive powers of unchecked bureaucracy and the dwindling freedoms of the ordinary citizen dwells the vital issue of privacy. Privacy and the right to hold personal and political views without being singled out and scrutinized... »

Who was it who said that QE – printing money by another name – is the last resort of desperate governments, when all other options have failed? By Jeremy Warner TelegraphUK 06 Oct 2011 As Labour’s Ed Balls gleefully points out, it was indeed George Osborne, the current Chancellor. It is the sort of... »

The world is facing the worst financial crisis since at least the 1930s “if not ever”, the Governor of the Bank of England said last night. By James Kirkup TelegraphUK 06 Oct 2011 Sir Mervyn King was speaking after the decision by the Bank’s Monetary Policy Committee to put £75billion of newly created money... »

BY CRIS SHERIDAN FinancialSense.com 10/06/2011 Successful investor and author, Jim Rogers, warns that a trade war could lead to a repeat of the Great Depression along with a war between the U.S. and China. He’s also bullish on the US dollar. On ramifications of a US-China trade war: “This could be terribly, terribly dangerous... »

“We’re recruiting people who want to volunteer to support the shelters” VivaNews.com 6 OKTOBER 2011 As the regency closest to Mt Anak Krakatau, South Lampung is preparing the worst-case scenario to anticipate the increasing activities of Mount Anak Krakatau. In fact, the current alert level of Krakatau is on level 3 (out of maximum... »

by Tyler Durden ZeroHedge.com 10/06/2011 A week after the BBC exploded Alessio Rastani to the stage, it has just done it all over again. In an interview with IMF advisor Robert Shapiro, the bailout expert has pretty much said what, once again, is on everyone’s mind: “If they can not address ... »

EconomicCollapseBlog.com And so it begins. The first major European bank bailout of 2011 has now happened. French/Belgian banking giant Dexia has failed and both governments have pledged to participate in a rescue plan. But Dexia will not be the last major European bank to fail. Even now, governments all over Europe are feverishly developing... »

By Mark Hosenball Reuters.com Wed Oct 5, 2011 American militants like Anwar al-Awlaki are placed on a kill or capture list by a secretive panel of senior government officials, which then informs the president of its decisions, according to officials. There is no public record of the operations or decisions of the panel, which... »

by George Washington ZeroHedge.com 10/05/2011 “The Prevailing Debate Among Economists and Historians is Whether the World Economy Faces the ‘Great’ Depression of the 1930s or the ‘Long’ Depression of the 1870s” Reuters notes: You know it’s grim when the prevailing debate among economists and historians is whether the world economy faces the “Great” depression... »

By Walter E. Williams PatriotPost.us Politicians who are principled enough to point out the fraud of Social Security, referring to it as a lie and Ponzi scheme, are under siege. Acknowledgment of Social Security’s problems is not the same as calling for the abandonment of its recipients. Instead, it’s a call to take actions... »