Archive for July 9th, 2012

USAWatchdog.com 9 JULY 2012 – Chris Duane was a 30 year old millionaire working at his family’s East coast car dealerships when he walked away from it all to become a citizen journalist. He sold his house in 2005 and started renting just before the real estate crash. He began warning anyone who would... »

By Aaron Task Finance.Yahoo.com July 9, 2012 During the 2008 financial crisis, the London Interbank Offered Rate (LIBOR) was a key barometer of the failing health of the banking sector. When LIBOR spiked in late summer 2008, it was a clear sign banks weren’t willing to lend to other banks and the term “counter-party... »

KingWorldnews.com July 9, 2012 Today John Embry told King World News, “…the chaos will accelerate,” and “…before this ends, it will be cataclysmic.” Embry, who is Chief Investment Strategist of the $10 billion strong Sprott Asset Management, also discussed market manipulation. Here is what Embry had to say: “The fact that this LIBOR scandal... »

by Tyler Durden ZeroHedge.com 07/09/2012 The undisputed champion of European political ranting (UKIP’s Nigel Farage) discussed the sad reality of Europe’s inevitable demise with the reigning US chief of non-hype Rick Santelli in a no-holds-barred cage-match of like-minded skeptics. From Rajoy’s incompetence to the ‘genius of mutual indebtedness’, Farage explains the problem is ‘bedeviled... »

By Matthew Boyle DailyCaller.com 07/09/2012 Attorney General Eric Holder could lose his license to practice law in the District of Columbia, or face some other penalty from the D.C. Bar, now that he has been found in criminal and civil contempt of Congress. Last week, the bloggers who first exposed Operation Fast and Furious,... »

by Max Frankel ThinkProgress.com Jul 9, 2012 As intense heat and drought conditions continue across much of the Midwest, they are starting to take a toll on crop yields. According to a university plant biologist, operating in such conditions is “like farming in hell.” The U.S. corn crop, which is the largest in the... »

Larry Bell Forbes.com It may not come as surprising news to many of you that the United Nations doesn’t approve of our Second Amendment. Not one bit. And they very much hope to do something about it with help from some powerful American friends. Under the guise of a proposed global “Small Arms Treaty”... »

By CHRISTOPHER MATTHEWS Business.Time.com July 9, 2012 The 21st has been a banner century for financial and accounting scandals. Enron, the dotcom bust, the subprime-mortgage crisis and the bank bailouts have all contributed to the very low esteem in which the American public holds Corporate America in general, and high finance in particular. So... »

Paul Mylchreest’s latest prognostications on the global economic situation make for worrying reading. While gold could be a part of the ultimate answer it is currently in lockdown while dollar devaluation looms. Lawrence Williams MineWeb.co.za Monday , 09 Jul 2012 For some scary nighttime reading I would recommend Paul Mylchreest’s latest Thunder Road report... »

Roubini: My ‘Perfect Storm’ Scenario Is Unfolding Now By: Ansuya Harjani CNBC.com Monday, 9 Jul 2012 “Dr. Doom” Nouriel Roubini says the “perfect storm” scenario he forecast for the global economy earlier this year is unfolding right now as growth slows in the U.S., Europe as well as China. In May, Roubini predicted four... »