Archive for October 12th, 2011

by Justin Raimondo AntiWar.com October 12, 2011 Fake, fake, fake – I’m talking about the latest anti-Iranian propaganda coming out of Washington, which claims the Iranian Revolutionary Guards were involved in a “plot” to take out the Saudi ambassador to the US and blow up both the Saudi and Israeli embassies. The narrative reads... »

Kurt Nimmo Prison Planet.com October 12, 2011 The Obama administration plans to use an unproven accusation leveled against Iran to mount a new international sanctions campaign and possibly attack the country. On Tuesday, the Justice Department announced it had uncovered a plot by Iran to enlist a member of a Mexican drug cartel to... »

by Tyler Durden ZeroHedge.com 10/12/2011 Remember the country that started it all yet was “so small nobody should worry about it.” Well, it turns out its size was juuuuust right, and while the Eurozone is now fighting contagion fires everywhere up to and including the heart of the core (thank you most-bailed-out-by-the-Fed-bank Dexia), Greece... »

by Tyler Durden ZeroHedge.com 10/12/2011 Wonder why China just bailed out its banks, preemptively, on Monday? Here’s why. In a report issued by Credit Suisse’s Sanjay Jain, the China strategist, who joins such now infamous skeptics as Bank of Countrywide Lynch’s David Cui, has revised his base case Non Performing Loan ratio forecast from... »

by Tyler Durden ZerHedge.com 10/12/2011 While we understand the motive of Greeks to cripple the financial nerve center of the country by effectively immobilizing the finance ministry and subjecting the country to a 9 day shutdown, we are yet to witness the ingenuity of the people, when angry, to completely lock down the country’s... »

by Chris Martenson ZeroHedge.com 10/12/2011 I do not toss around the idea of a market crash lightly. If you’ve been following me long enough, you know that only in very rare instances do I issue a cautionary Alert (I’ve only issued four since my website launched in 2008), and I am generally not given... »

EndOfTheAmericanDream.com The Occupy Wall Street protests and the rise of the Tea Party movement have both changed America, but you haven’t seen anything yet. You better buckle up, because America is getting very angry and as the economy continues to decline the economic protests are going to become much more frightening in the years... »

EconomicCollapseBlog.com All across America there are cities and towns that were once prosperous and beautiful that are being transformed into absolute hellholes. The scars left by the long-term economic decline of the United States are getting deeper and more gruesome. The tax base in many areas of the nation has been absolutely devastated as... »

By Tyler Durden ZeroHedge.com 10/12/2011 We are confident the spinmasters will spin the first major domino in the muni crisis as bullish: after all it “removes uncertainty.” Bloomberg reports that “The city of Harrisburg, Pennsylvania, facing a state takeover of its finances, filed for bankruptcy protection following a vote by the City Council, according... »

BY LEE ADLER FiancialSense.com\ 10/11/2011 Two weeks ago I began to report to subscribers of the Wall Street Examiner Professional Edition Fed Report that foreign central banks (FCBs) had begun to engage in unprecedented levels of disgorgement of their massive holdings of US Treasury and Agency paper. Prior to this year, the FCBs had... »