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.

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).

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.

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

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.

Video: Salbuchi – False Flag Attacks in Argentina – AMIA and Israeli Embassy Bldgs

Argentina suffered its two worst terrorist bomb attcks in March 1992 and July 1994 against the Israeli Embassy and AMIA Jewish Mutual Building, respectively. Both were in Buenos Aires and show all the traces of False Flags.

Brazilian scientists say killer H1N1 virus has already mutated

The swine flu H1N1 virus has already mutated much faster than anyone feared.

MSM: Outcry in South America over US military base pact

Deal to increase access to Colombia bases angers neighbours and damages Obama’s attempts to mend relations with region

Links: 2009 Severe Drought News

Potential Food Shortages… in America?

Holly Note: In recent days, numerous stories detail crop and livestock damage. Drought, floods, hail and freezes have bitten our foods, but whatever the cause, the result is the same — destroyed or damaged food supplies. These ultimately lead to higher store prices, shortages and in more extreme circumstances, rationing.

Honduras Coup: Template for a Hemispheric Assault on Democracy

The people of Honduras have now suffered more than 40 days of military rule. The generals’ June 28 coup, crudely packaged in constitutional guise, ousted the country’s elected government and unleashed severe, targeted, and relentless repression.

GMO Scandal: The Long Term Effects of Genetically Modified Food on Humans

One of the great mysteries surrounding the spread of GMO plants around the world since the first commercial crops were released in the early 1990’s in the USA and Argentina has been the absence of independent scientific studies of possible long-term effects of a diet of GMO plants on humans or even rats.

IMF & World Bank Destroying Countries

The World Bank – IMF is owned and controlled by NM Rothschild and 30 to 40 of the wealthiest people in the world. For over 150 years they have planned to take the world over through money.

MSM: Obama Warns of Return of Swine Flu in the Fall

(NYTimes) – The Obama administration warned Americans on Thursday to be ready for an aggressive return of the swine flu virus in the fall, announcing plans to begin vaccinations in October and offering states and hospitals money to help them prepare.

Obama’s Rollback Strategy – Honduras, Iran, Pakistan, Afghanistan(and the Boomerang Effect)

The recent events in Honduras and Iran, which pit democratically elected regimes against pro-US military and civilian actors intent on overthrowing them can best be understood as part of a larger White House strategy designed to rollback the gains achieved by opposition government and movements during the Bush years.

MSM: Who Killed California’s Economy?

(Forbes) – Right now California’s economy is moribund, and the prospects for a quick turnaround are not good. Unable to pay its bills, the state is issuing IOUs; its once strong credit rating has collapsed.

MSM: Bolivia leader says Obama ‘lied’ about cooperation

(Forbes) – President Evo Morales on Wednesday accused Barack Obama of lying by pledging to change America’s historically heavy-handed relationship with Latin America and then halting $25 million in annual trade benefits for Bolivia.

Diplomacy, Militarism and Imagery

President Obama’s greatest foreign policy successes are found in the reports of the mass media. His greatest failures go unreported, but are of great consequence. A survey of the major foreign policy priorities of the White House reveals a continuous series of major setbacks, which call into question the principal objectives and methods pursued by the Obama regime.

Video: Salbuchi – Global Meltdown – What We Can & Should Do

Describes what needs to be done regarding the Financial Meltdown. Put the financial system in its proper place and bring Health to the Economy. All based on the Argentine experience of having suffered systemic collapses, hrperinflation and the gross corruption of wanton speculation.

Herbicide Used in Argentina Could Cause Birth Defects

The herbicide used on genetically modified soy – Argentina’s main crop – could cause brain, intestinal and heart defects in fetuses, according to the results of a scientific investigation released Monday.

Key Factors For Founding The Sovereign Nation Of Argentina

The Fundamentals

The vast majority of Argentine citizens thoroughly reject and abhor the decades-long destructive action which local politicians have perpetrated against our people and country.

Video: Lindsey Williams on ‘The InfoWarrior’ with Jason Bermas

Jason welcomes Lindsey Williams, the economic analyst who accurately predicted both the recent rise and fall in oil prices. – “Super Hyper Inflation Coming Soon” – April 10, 2009

Who Should Resist, and Who Will Become Serfs?

America is devolving into a third-world nation. And if we do not immediately halt our elite’s rapacious looting of the public treasury we will be left with trillions in debts, which can never be repaid, and widespread human misery which we will be helpless to ameliorate.

Video: This Is What A Collapse Looks Like

Dear Readers,

Some of you may not realize that Argentina, a country rich in natural resources with a generally well-educated population, has undergone an economic collapse since 2001.

Catastrophic Fall in 2009 Global Food Production

After reading about the droughts in two major agricultural countries, China and Argentina, I decided to research the extent other food producing nations were also experiencing droughts. This project ended up taking a lot longer than I thought. 2009 looks to be a humanitarian disaster around much of the world

To understand the depth of the food Catastrophe that faces the world this year, consider the graphic below depicting countries by USD value of their agricultural output, as of 2006.

MSM: Naomi Klein Throws Another Touchdown: “All Of Them Must Go”

By Naomi Klein – February 5th, 2009

Watching the crowds in Iceland banging pots and pans until their government fell reminded me of a chant popular in anti-capitalist circles in 2002: “You are Enron. We are Argentina.”

Its message was simple enough. You–politicians and CEOs huddled at some trade summit–are like the reckless scamming execs at Enron (of course, we didn’t know the half of it). We–the rabble outside–are like the people of Argentina, who, in the midst of an economic crisis eerily similar to our own, took to the street banging pots and

Brazil, Argentina abandon US dollar

Brazil and Argentina have launched a new payment system in their bilateral trade, doing away with the US dollar as a medium of exchange.

The two Latin American nations started the Payment System on Local Currency (SML) on Monday following a last month agreement inked by their presidents to use local currencies in a bid to end transaction in dollars.

Latin America uniting against neocons of Washington

Antipathy and disgust for the Bush administration and its neocon ideological ilk, including the key players and advisers in the John McCain campaign, have long taken root in the Middle East and South Asia. Names like Cheney, Wolfowitz, Perle, Feith, and Ledeen are held in utmost contempt throughout the Middle East and Muslim worlds.

The same kind of hatred for the United States and its neocon Latin American policy is now sweeping through South and Central America. In Latin America, it is individuals with names like Goldberg, Levey, Shapiro, Mukasey, Berman, Brownfield, and Shannon who have rankled Latin American nerves by their meddlesome actions in not only grossly interfering in the domestic affairs of Latin American nations, including fomenting insurrection and acts of terrorism, but designating certain Latin American leaders and officials as aiding in drug trafficking and terrorism.