(EconomicCollapse) – Thousands of police officers have been laid off all across America since the current economic crisis began. Thousands more are getting ready to be laid off. So could we be on the verge of a new era of chaos and anarchy in America as crime runs wild and there are just far too few police to respond to it all? That is the message that one blood-smeared billboard in Stockton, California is trying to get across. Paid for by the Stockton, California police union, the message of the billboard is chillingly clear: “Welcome to the 2nd most dangerous city in California. Stop laying off cops.” As state, city and local governments across the United States continue to be devastated by the ongoing economic crisis, budget cuts are becoming much deeper and police forces have suddenly become a very popular target. Continue reading
(PaulWatson) – A major event that takes place in 2014 will plunge the world into a crisis that will characterize the rest of the century, according to Cambridge professor Nicholas Boyle, and only the introduction of global governance can save humanity from an era of poverty and violence.
“A ‘Doomsday’ moment will take place in 2014 – and will determine whether the 21st century is full of violence and poverty or will be peaceful and prosperous, according to a Cambridge University professor,” reports the Daily Mail.
“In the last 500 years there has been a cataclysmic ‘Great Event’ of international significance at the start of each century, he claims. Occurring in the middle of the second decade of each century, they include events which sparked wars, religious conflict and brought peace.” Continue reading
(Alternet) – Poverty: It’s Not Just for Black Urbanites Anymore! – And of course it never was. – Read More Here
(NYDailyNews) -Japanese PM Naoto Kan warns of Greece-level ‘collapse’ under debt pile – Read More Here
(Money&Markets) – Debt Facade Cracking in U.K. as Sovereign Contagion Spreads – Read More Here
REPOST – (MarketOracle) – Debt Can Never Be Repaid, By Bankster Design
You really have to hand it to the banksters. As was painstakingly detailed in the book Creature from Jekyll Island, the banking elite devised a brilliant plan in November of 1910 on Jekyll Island in which to take over control of the United States, steal the wealth from the taxpayers and the resources from the country. Read More Here
(EconomicPolicyJournal) – Analyst to Money Managers: Take Your Cell Phones with You on Vacation; Greece Could Default in August
Greece will eventually default on its debt because the country is highly indebted, Carl Weinberg, chief economist at High Frequency Economics, said on CNBC this morning. Read More Here
(MailOnline) – Doomed Labour’s £1.3 TRILLION last spending spree revealed: As the economy nosedived, your millions were wasted on grandiose schemes – Read More Here
(InfoClearingHouse) – One Bank Ruled Them All; Trichet’s Powergrab – Mike Whitney – Read More Here
(BusinessInsider) – The Stunning Crash And Burn Of Las Vegas
There are quite a few U.S. cities that are complete and utter economic disaster zones in 2010 (Detroit for example), but there is something about the demise of Las Vegas that is absolutely stunning. Read More Here
(MineWeb) – U.S. asset managers worried Obama could confiscate gold
Speaking at the FT Silver conference in London yesterday, lead-off speaker John Levin, HSBC Bank’s Managing Director, Global Metals and Trading (HSBC is one of the world’s top precious metals traders and its vaults in the U.S. and Europe hold huge holdings of gold and silver bullion) recounted conversations with some of the U.S.’s top asset managers controlling massive amounts of capital asking if HSBC had the capacity in its vaults to store major gold purchases. On being told that the bank’s U.S. vaults had sufficient space available he was told that they did not want their gold stored in the U.S.A. but preferably in Europe because they feared that at some stage the U.S. Administration might follow the path set by Franklin D. Roosevelt in 1933 and confiscate all U.S. gold holdings as part of the country’s strategy in dealing with the nation’s economic problems. Read More Here
(NYDaily) – Gov. Paterson: Shutdown over budget would cause ‘unimaginable chaos,’ crime in New York
Gov. Paterson went into full doomsday mode Thursday, warning of chaos and anarchy in the streets if the government shuts down.
“It would create unimaginable chaos around the state and the greater metropolitan area,” Paterson said on WCBS Radio 880 this morning. Read More Here
(AP) – Retail sales drop 1.2 percent in May
Retail sales plunged 1.2 percent last month, the Commerce Department said Friday. It was the largest decline in eight months. Read More Here
(BusinessInsider) – Social Security Payouts Are Already Crippling The Government This Year
There is enough published information from the Social Security Trust Fund to make some observations for the first six months of 2010. The data on FICA/SECA tax receipts and benefit payments: (all amounts in $billions) Read More Here
(PakAlert) – Warning Signs Of Full Spectrum Collapse Are Everywhere
The sovereign debt crisis in Greece and many other European nations has, at least for the moment, opened a gap in the wash of financial disinformation that has prevailed in the mainstream media for the past year. The average American is now more aware of the terrible costs of living in an artificially driven and widely manipulated “global economy”, and has also been exposed (at least for the moment) to the very real frailties in our own markets, which have been hidden or downplayed by the government as well as disingenuous establishment economists. Events in the EU, however, are only a glimpse of the greater and more imminent threats we face in the near future. In this article we will look at some of the latest and most disturbing moves by governments and financial institutions, as well as tell-tale signs in our own local cities, which signal that a full-spectrum collapse of world markets and possibly our own currency is not only in progress, but nearing completion. Continue reading
(Uruknet) – “Perfectly Safe: It Just Kills Plants … ” – Agent Orange and the Third Generation
It is not news that American troops fighting for the U.S. military in Vietnam were told by their commanders that the defoliants and herbicides sprayed by the U.S. Air Force were “perfectly safe…[they] just kill plants.” Read More Here
(AP) – NATO general in Afghanistan: Taliban train in Iran
The commander of NATO and U.S. forces in Afghanistan said Sunday there is “clear evidence” that some Taliban fighters have trained in Iran. Read More Here
(Haaretz) – Report: Gaza aid flotilla changes course to avoid confrontation with Israeli warships
Israel Navy ships reportedly made contact earlier with the six-ship flotilla, which is carrying 10,000 tons of supplies. Read More Here
(WPost) – Analysts question Korea torpedo incident
How is it that a submarine of a fifth-rate power was able to penetrate a U.S.-South Korean naval exercise and sink a ship that was designed for anti-submarine warfare?
Such questions are being fueled by suggestions in the South Korean and Japanese media that the naval exercise was intended to provoke the North to attack. The resulting public outcry in the South, according to this analysis, would bolster support for a conservative government in Seoul that is opposed to reconciliation efforts. Read More Here
(CounterPunch) – Vietnam MIAs: Ghosts Return to Haunt McCain and the US Press
The ghosts that haunt Senator John McCain are about 600 in number and right now they are mustering for an onslaught. Read More Here
(LewRockwell) – Is the U.S. Government Planning War to Quell the Tide of Economic Unrest?
In my opinion and in a word: Yes!
* “READY FOR WAR,” “U.S. Military told to get ready in Korea Standoff, Obama orders commanders to prepare ‘to deter future aggression.’” By Drudge and MSNBC
* “U.S. Begins Massive Military Build Up Around Iran, Sending Up To 4 New Carrier Groups In Region” by Tyler Durden
* “Clinton: Korea Must Face ‘Consequences’ For Sunken Warship”
* Homeland Security, Northeast Intelligence Network: “The Syrian Missile Crisis: Threat of War Very Real”
* “The Expanding U.S. War in Pakistan” by Jeremy Scahill
* “Yemen, Latest War Front?” by CBS News
Read More Here
(IrishTimes) – Predators, Warriors and Ravens: the CIA Drones Wage War
With 5,456 US servicemen killed in Iraq and Afghanistan, and the Afghan war going badly, the US military celebrates what it can. Unmanned Aircraft Systems, also known as Unmanned Aircraft Vehicles but referred to as drones, are the military’s most important technological asset. Last year the CIA’s director, Leon Panetta, called the Predator drone programme “the only game in town”. Read More Here
(C4L) – Too Many Wars Waged
The “War on Drugs,” like the “War on Terror,” ends up being an undertaking with no definable victory in sight. No matter how vigorously the federal government prosecutes its “war” on drugs, people will still use drugs. No matter how vigorously the federal government pursues the “war” on terror there will still be those who want to commit terrorist acts to get their points across.
Thus, we have two “wars” with infinite reach that use the threats engendered by their very own existence to justify their actions. Read More Here
(RussiaToday) – Video: “Attack against South Korean ship looks like false flag operation” – Wayne Madsen
While international investigators have accused North Korea of sinking a South Korean patrol corvette in March, China has taken a more cautious position.
Investigative journalist and RT contributor Wayne Madsen says it is because Beijing suspects there was greater deception at work.
“The Cheonan [navy corvette] was sunk by this torpedo that was later to be discovered to have been of German manufacture. Germany said it sells no military weapons to North Korea. This thing is starting to look like a classic false flag operation,” Wayne Madsen says.
“Kim Jong-Il who very rarely travels – and when he does, he only travels by train – went to Beijing. My sources in Beijing say that he went to Beijing, that Chinese authorities said that North Korea did this, he denied it. They were satisfied with his response,” Madsen adds. “Now the Chinese are very suspicious of the US’ intentions in richening things up in the Korean peninsula.”
(Asylum) – If the proverbial you-know-what hit the global fan, would you be prepared? The answer to that question is most likely a big, fat no.
After all, it’s hard to develop life skills (e.g., growing/storing your own food, filtering water) while playing myriad video games or scrounging the Internet for funny videos to post on Facebook.
Turns out, though, that while you may not be concerned about mass chaos and world destruction, a growing number of people are.
(LewRockwell) – Beware the Recent Situation in Greece: It Will Happen Here! – Gary D. Barnett – Read More Here
(WashingtonsBlog) – Mervyn King: “World’s Worst Financial Crisis Ever”
Bank of England Governor Mervyn King says: “We are still halfway through the world’s worst financial crisis ever.” He is in good company.
The following experts have said that the economic crisis could be worse than the Great Depression: Read More Here
(CalculatedRisk) – California: “Absolutely terrible” budget cuts to be announced at 4 PM ET – Read More Here
(YahooFinance) – Video: TechTicker – Dow Tumbles as “Disintegration” Fears Haunt Europe
Hopes that a massive $1 trillion bailout for Europe would hold the financial markets together came unglued Friday. Stocks tumbled around the world and the U.S. followed suit. Heading into the close, the Dow was down more than 230 points. – Video Link Here
(GeorgeWashingtonBlog) – The Bailout of Big American Banks Has Cost Trillions More Than We’ve Been Told
Granted, the $700 billion dollar TARP bailout was a massive bait-and-switch. The government said it was doing it to soak up toxic assets, and then switched to saying it was needed to free up lending. It didn’t do that either. Indeed, the Fed doesn’t want the banks to lend.
True, as I wrote in March 2009: Read More Here
(MarketWatch) – The second debt storm
The debt mountain that brought down some of the world’s biggest banks and dragged the international financial system to the brink of disaster has simply shifted to governments. Now it’s threatening countries around the globe — and, if left unchecked, could rip the very fabric of Europe’s economic system and wreck economic recoveries in the U.S., China and Latin America. Read More Here
(USAWatchdog) – Is the Financial System Corrupt?
Recent headlines coming out of the financial world have been jaw dropping. Here are a few: Read More Here
(WSWS) – US media demands Greek-style austerity for American workers
In recent days, the US media—led by the standard bearer of American liberalism, the New York Times—has insisted that workers in the US, like their brethren in Greece, have been living the good life for far too long and must accept a drastic and permanent reduction in their living standards. Read More Here
(CNBC) – Video: The Economy & Your Portfolio with Rick Santelli ‘This European Crisis Should Be A Wake Up Call’
A look at the big issues facing the economy and how investors are playing them, with Michael Pento, of Delta Global, and Jordan Kimmel, of National Securities. Video Link Here
FLASHBACK – (WashingtonExaminer) – In 2005, U.S. intelligence warned of Euro econ crisis and EU’s demise unless welfare states downsized
In 2005, the National Intelligence Council prepared a prescient report warning that overextended welfare states could lead to economic crisis and possibly the collapse of the European Union sometime in the next 15 years: Read More Here
(FinanceMarkets) – US banks under investigation
Eight Wall Street banks are facing an investigation following allegations that they provided misleading information to several ratings agencies in order to gain a better rating for mortgage securities. Read More Here
(ChartingStocks) – Dollar Jump Resembles ‘08 Crash
On Wednesday, I wrote about the troubling signal given by the Volatility Index (VIX) as it surged in a manner which resembled the 2008 crash. Today we can add another market indicator to the “trouble” list – The US Dollar. Read More Here
(AlethoNews) – New Iran sanctions bill to kill 20,000 US jobs each year
Major US firms are warning Congress against passing legislation to impose new sanctions against Iran, saying such sanctions will further damage the US economy.
Boeing Co. and Exxon Mobil Corp. are lobbying to fend off tightened sanctions against Iran that business groups say will cut US exports. Read More Here
Video: The New World Order Currency Crisis
(Kitco) – Five Facts You Need to Know About the Financial System
Let’s connect the dots on the ENTIRE financial system right now. Read More Here
(LondonTelegraph) – US faces same problems as Greece, says Bank of England
Mervyn King, Governor of the Bank of England, fears that America shares many of the same fiscal problems currently haunting Europe. He also believes that European Union must become a federalised fiscal union (in other words with central power to tax and spend) if it is to survive. Just two of the nuggets from one of the most extraordinary press conferences I have been to at the Bank. Read More Here
(LondonGuardian) – Nicolas Sarkozy threatened to pull France out of the euro
French president Nicolas Sarkozy threatened to pull his country out of the euro if other EU countries, especially Germany, did not agree to help rescue debt-laden Greece. Read More Here
(Bloomberg) – Volcker Sees Euro ‘Disintegration’ Risk From Greece
Former Federal Reserve Chairman Paul Volcker said he’s concerned that the euro area may break up after the Greek fiscal crisis that sparked an unprecedented bailout by the region’s members. Read More Here
(InfoClearingHouse) – Financial Chaos And The Smell Of Napalm In The Morning
What in God’s name should we make of it all? On Thursday, the New York Stock Exchange had its most severe plunge in history – nearly 1000 points, before it recovered minutes later. On Monday, it shot up 400 points, one of the biggest spikes in memory. All told, the variance was around 1400 points over the period of a couple of days.
The context for this, of course, is the financial turmoil that has spread from Greece and is sweeping across Europe, threatening the very existence of the European Union and the Euro as a common currency. Last week alone, it is estimated that global stock markets lost $3.7 trillion of their value as a result of this crisis (1). According to the Canadian finance minister Jim Flaherty, not even the Canadian economy is immune from the financial contagion. Read More Here
(EconomicPolicyJournal) – Geithner Briefs Super Power Elite, Friday Afternoon
In addition to Rockefeller and Lady de Rothschild, on Friday afternoon, Treasury Secretary Geithner will also meet with the other members of the Board of Directors of the Peter G. Peterson Institute for International Economics to discuss the Administration’s agenda for economic growth and strengthening the global financial system.
Here’s the hefty list of the Institute’s Board of Directors: Read More Here
(HomeSolutionCounselors) – You are not in default. Freddie Mac is making your payments!
Yes it is true. I have seen it with my own eyes and IN WRITING. In our office we have on record a statement from Freddie Mac, which they submitted to the courts, that “Freddie Mac has made all relevant and required payments to the investors on behalf of the borrowers.” Did you catch that?!?!
Yes, Freddie Mac acting as the Master Servicer, has been making payments to the debt owners of a mortgage. How can the borrower be in default? Read More Here
(Bloomberg) – Euro Breakup Talk Increases as Germany Loses Its Currency Proxy
What was conceived as a club for Europe’s strongest economies was expanded for political reasons, leaving the currency union with minimal powers to police deficit spending and no safety net for dealing with countries, like Greece, that veer toward default.
German officials are already debating what was unthinkable to the euro’s architects: that a currency union designed in its founding treaty to be “irrevocable” might not be. Finance Minister Wolfgang Schaeuble said March 12 that expulsion from the euro may be the ultimate penalty for serial violators of debt rules. Read More Here
(NaturalNews) – Back in the 1990s, the idea of growing food in the suburbs, getting “off the grid,” and learning survival skills was thought to be something only militia members and lone rangers living in the woods would do. Today, a new type of survivalism has emerged in light of economic and political turmoil that people from all walks of life are embracing. Continue reading