Economy

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(InternationalForecaster) – Central Banking in Crisis: Some Twenty Countries on the Verge of Insolvency – Bob Chapman

Market Volatility as the Debt Implosion Continues Read More Here

(GlobalResearch) – Financial Crisis Conducive to Instability of Asia’s Currency Markets: South Korea Imposes Currency Controls – Read More Here

(GlobalResearch) – “Dying Detroit”:: The Impacts of Globalization. Social Decay and Destruction of an Entire Urban Area – Read More Here

(GlobalResearch) – The Gold Market: When Will the SEC Prosecute for Market Rigging? – Read More Here

(Telegraph) – Lord Rothschild fund joins World Gold Council to put £12.5m into BullionVault

Tim Levene of Augmentum Capital, a fund backed by Lord Rothschild’s RIT Capital Partners, said the investment was not a bet on the gold price but on “the future growth of the BullionVault platform”, which stores physical gold for private clients in London, New York and Zurich. RIT currently has 9pc of its assets in physical gold. Read More Here

(FoxBusiness) – New Home Sales Fall 33% in May to Record Low

The U.S. housing market is in crisis.

A day after a disappointing read on the market for existing homes, the government said Wednesday that sales of new homes fell to their lowest level on record last month, a potentially crushing blow for an economy that is still looking for its footing. Read More Here

(PragCap) – Russell: This is One of the Largest Tops in Stock Market History

Mr. Russell thinks we might be on the verge of a terrible collapse:
“We’re now in the process of building one of the largest tops in stock market history. The result, I think, will be the most disastrous bear market since the ‘30s, and maybe worse. Read More Here

(VoiceInTheWilderness) – Is America Destined to Starve?

Americans are no longer prepared to take care of their basic needs without the involvement of the federal government. The majority of Americans have relinquished the responsibility of their future survival to bureaucrats. How and when did we, as an intelligent and formerly self-reliant populace, decide to become wards of the state? Read More Here

REPOST – (LATimes) – Video: California city to lay off all city employees, dismantle Police Department – Video Link Here

(Reuters) – World’s rich got richer amid ’09 recession: report

A stock market rebound helped the world’s ranks of millionaires climb 17 percent to 10 million, while their collective wealth surged 19 percent to $39 trillion, nearly recouping losses from the financial crisis, according to the latest Merrill Lynch-Capgemini world wealth report. Read More Here

(DealBook) – Despite U.S. Plea, European Bank Pushes Austerity – Read More Here

Climategate

(RoySpencer) – The Global Warming Inquisition Has Begun – Read More Here

(FinancialTimes) – Obama to push climate change on back of BP spill

Barack Obama will on Wednesday make a renewed push to spur the US Senate into action on climate change, saying the BP oil spill underlines the urgency for the country to lessen its dependence on fossil fuels. Read More Here

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