Archive for July 23rd, 2013

By Michael Snyder TheEconomicCollapseBlog.com July 23rd, 2013 In a virtually uninhabitable section of South Australia, a discovery has been made which could rock the world. Some are calling it the biggest discovery of oil in 50 years. Earlier this year, a company called Linc Energy announced that tests had revealed that there was a... »

By FRANK MARCHANT Money Morning July 23, 2013 Detroit is the largest municipal default in the history of the US. The city owes $9.2 billion in pensions, $1.9 billion to creditors and is $18.5 billion in debt. The city’s infrastructure is collapsing. Almost half of its streetlights are not working and aren’t being repaired.... »

ROB WILE BusinessInsider.com JUL. 23, 2013 Meredith Whitney is re-upping her call for a wave of municipal bankruptcies, in the wake of Detroit’s Chapter 9 filing. Flashback: in 2010, Whitney told 60 Minutes that there could be between “50 to 100” cities defaulting on their debt, totaling “$100s of billions of dollars.” While there... »

KingWorldNews.com July 23, 2013 With trading in the $1,350 area, and silver rebounding near $20.50, today top Citi analyst Tom Fitzpatrick sent King World News three fantastic charts covering both the gold and silver markets, and told KWN that both markets are set to have massive price surges from current levels. Here is Fitzpatrick’s... »

Investmentwatchblog.com July 23rd, 2013 In this report we will discuss the latest news on the economic collapse. Corporate earning are in and they are dismal. Major corporations have missed expectations. The FED is reporting that they will still taper but they are not on any time schedule. This fall there is a high probability... »

Robert Wenzel Economicpolicyjournal.com MONDAY, JULY 22, 2013 In 1975: 1.You could buy an airline ticket and fly without ever showing an ID. 2.You could buy cough syrup without showing an ID. 3.You could buy and sell gold coins without showing an ID 4.You could buy a gun without showing an ID 5.You could pull... »

“I’m not sending my kids or your kids or any American soldiers to fight for stalemate” Steve Watson Prisonplanet.com July 23, 2013 Kentucky Senator Rand Paul slammed the Obama administration’s “world policeman” outlook on foreign policy and accused the president of intentionally planning to “fight to a stalemate” in Syria in a speech Monday.... »

By Christof Lehmann NSNBC.me Sun, Jul 21st, 2013 The United States highest-ranking military officer, Chairman of the Joint Chiefs of Staff, General Martin Dempsey, has said that the USA is deliberating whether it should or should not use military force in Syria, and that various scenarios, including “kinetic strikes” are being prepared. The information... »

Frank Marchant Market Oracle Jul 23, 2013 America has become a part-time nation. The Bureau of Labor Statistics recently reported that in June part-time employees in the labor force reached an all-time high of 28 million, 3 million more than when the recession began in 2007. The economy lost 240,000 full-time jobs in June... »

By: Michael S Rozeff Market Oracle Jul 23, 2013 America is a very sick patient with a curable cancer that, if left alone, will cause death. The cancer is the Union or the state known as the U.S.A. More commonly, the Union and the U.S.A. are referred to as the U.S. government, the federal... »