Economy

(NorthCountyTimes) – EXCLUSIVE: Major lender signals surge in local foreclosures – Read More Here

(ZeroHedge) – Guest Post: It’s Impossible To “Get By” In The US

While the market cheers on the fantastic job “growth” of March 2010, the more astute of us are concerned with a growing tide of personal bankruptcies. March 2010 saw 158,000 bankruptcy filings. David Rosenberg of Gluskin-Sheff notes that this is an astounding 6,900 filings per day. Read More Here

(DailyCapitalist) – Morgan Stanley Loses $5.4B In RE Fund: Biggest Loss In History!

Here’s a story for the decade. Morgan Stanley’s Msref VI, an $8.8 billion real estate fund, lost $5.4 billion, the biggest loss in the history of private real estate equity investing. This story is just out from the Wall Street Journal and it is worth a read. Read More Here

Fed Shouldn’t Reveal Crisis Loans, Banks Vow to Tell High Court

The big banks are saying “We are above the law.” Read More Here

(Telegraph) – Property tycoon Gerald Ronson warns of social unrest in a two-tier Britain

Britain faces “social unrest” over rising unemployment outside London according to Gerald Ronson, the property tycoon. Read More Here

(NYTimes) – JPMorgan Upbeat as It Posts Profit

For big banks, the good news just keeps coming. Read More Here

(Bloomberg) – Fed Shouldn’t Reveal Crisis Loans, Banks Vow to Tell High Court

The biggest U.S. commercial banks will take their fight against disclosure of Federal Reserve lending in 2008 to the Supreme Court if necessary, the top lawyer for an industry-owned group said. Read More Here

(EconomicCollapseBlog) – $4.00 A Gallon Gasoline By The End Of 2010? How In The World Are Average Americans Going To Make Ends Meet If This Keeps Up?

Gas prices are on the rise again. In many areas of the U.S. gas prices are already hovering around $3.00 a gallon. In fact there are some areas where people are paying as much as $3.50 a gallon, and many experts are predicting that gasoline could hit $4.00 a gallon by the end of 2010. Read More Here

(Telegraph) – Argentina seizes pension funds to pay debts. Who’s next?

Here is a warning to us all. The Argentine state is taking control of the country’s privately-managed pension funds in a drastic move to raise cash. Read More Here

(Reuters) – U.S. bank chief mobbed by angry borrowers

The mortgage chief of the United States’ second largest bank was mobbed by angry borrowers on Tuesday after he invited customers to speak to him if they feared foreclosure of their homes. Read More Here

(MyBudget360) – The Invisible Recovery – 40,000,000 Americans Receiving Food Stamp Assistance – Since 2000 23 Million Americans have been added to the Food Assistance Program. Read More Here

(TheEconomicCollapse) – 12 Reasons Why Millions Of Americans Are Incredibly Angry About The State Of The U.S. Economy

We have reached a very interesting turning point in American history. More than at any other point in modern times, Americans are deeply angry about the state of the economy. In fact, it is no stretch to say that millions of U.S. citizens are hopping mad about the economic situation. Read More Here

Video: How The Fed Is Destroying The Dollar

Midas Resources educational video regarding the Federal Reserve and how they have devalued the United States Dollar. Continue reading

World War

(PressTV) – ‘Russia not working on Iran sanctions’

A senior Russian diplomat says his country will not support what he called crippling sanctions against Iran over its nuclear program. Read More Here

(PressTV) – China puts off military exchanges with US: Pentagon

The Pentagon says that Beijing has put off several high-profile military exchanges with Washington over the US military’s 6.4-billion-dollar arms deal with Taiwan. Read More Here

(PressTV) – Ahmadinejad blasts duplicity in fighting terror

Iranian President Mahmoud Ahmadinejad censure what he describes as self-proclaimed anti-terror fighters for their double standards in countering terrorists. Read More Here

(Reuters) – Russia warns West against “crippling” Iran sanctions

A senior Russian diplomat warned the West on Wednesday against trying to paralyze Iran by targeting the Islamic Republic’s energy and banking sectors with crippling sanctions. Read More Here

(StopNato) – South Atlantic: Britain May Provoke New Conflict With Argentina

On February 22 two major developments occurred in the Americas south of the Rio Grande. The two-day Rio Group summit opened in Mexico and Great Britain started drilling for oil 60 miles north of the Falklands Islands, known as Las Malvinas to Argentina. Read More Here

(InformationClearingHouse) – A Report From The Afghanistan Resistance – Marjah Operations are an Exemplary Lesson for the Invaders – Read More Here

(ChinaDaily) – China Circled by Chain of US Anti-Missile Systems

Washington appears determined to surround China with US-built anti-missile systems, military scholars have observed. Read More Here

(Reuters) – U.S. Patriot Missiles in Poland Early April: Report

WARSAW – Poland is set to host a battery of U.S. Patriot missiles and the American troops to man it from the start of April, PAP news agency said Sunday. Read More Here

CNN Poll: Seven in 10 Americans Believe Iran has Nuclear Weapons – Read More Here

(RussiaToday) – Video: Russian Chief of Staff – US Plans to Strike Iran

Video: Real list of countries on verge of bankruptcy

(TheComingDepression) – Let’s talk a bit about these supposedly broke governments that have been reaching insolvency, and in cases like Iceland in 2006 and Argentina in 2001, have declared bankruptcy. It seems to most, as it would to anyone not ideologically retarded, that for all the public “brokeness” going on, there is always enough money for a bailout for some big bosses. Indeed, there’s never a shortage of money (or credit; whatever you want to call it) when it comes to buying up some big boss’ bad debt, or fleecing the public purse to provide him (them) with a fat tax cut so they can “create jobs” (see: off shore, low wage). Continue reading

EU/IMF Revolt: Greece, Iceland, Latvia May Lead The Way

Europe’s small, debt-strapped countries could follow the lead of Argentina and simply walk away from their debts. That would shift the burden to the creditor countries, which could solve the problem merely by a change in accounting rules.
Total financial collapse, once a problem only for developing countries, has now come to Europe. The International Monetary Fund is imposing its “austerity measures” on the outer circle of the European Union, with Greece, Iceland and Latvia the hardest hit. But these are not your ordinary third world debtor supplicants. Historically, the Vikings of Iceland repeatedly repulsed British invaders; Latvian tribes repulsed even the Vikings; and the Greeks conquered the whole Persian empire. If anyone can stand up to the IMF, these stalwart European warriors can. Continue reading

Video: Salbuchi – 2010 Forecast – Transition from Globalization to World Government

Analyst Adrian Salbuchi from Argentina, proposes a Model that helps to understand the dynamics of what is currently taking place in the world, which he defines as the overlapping and increasingly violent process that marks the end of Globalization and the birth of World Government.
This three part video also explores 12 Key Factors that will trigger this Transition Continue reading

Video: Peter Schiff issues a Red Alert “Get out of the US dollar”

The End of Money and the Future of Civilization

It’s too late for anyone to pretend that the U.S. government, whether under President Barack Obama or anyone else, can divert our nation from long-term economic decline. The U.S. is increasingly in a state of political, economic, and moral paralysis, caught as it were between the “rock” of protracted recession and the “hard place” of terminal government debt. Continue reading