The Phases of an Empire

(ActivistPost) – The analysis below explains why all empires and “Imperial Style” governments have failed throughout history, and why our Empire-USA faces the same fate. The only question is whether the people and government of the USA have the wisdom and will to engage in a “Managed Decline” by terminating the empire and imperial conduct on their own schedule, rather than by chaotic crash of the US Dollar, economy, and lifestyle. Take notice of the “Solutions” section in Part C below. Read More Here

Video: Celente – Stock Market Crash Before End of 2010

(Trends&ForecastsBlog) – Gerald Celente believes that the stock market will crash before the end of 2010 , gold will soar. When gold was at $275 per ounce in 2002, Celente said the price had bottomed and in 2004 forecast the beginning of the “Gold Bull Run.” Since that time, with pinpoint accuracy, he said when, why – and how high – gold would go. Gerald Celente sees huge opportunities in green healthy food , technology for the poor and in rejuvenating the cities with quality architecture…, Gerald Celente as always recommends gold Canadian dollar the Swiss franc as hedges against the inflation. Continue reading

Former Senator Ted Stevens Reported in Plane Crash

(KurtNimmo) – It is being reported today that former Republican senator Ted Stevens and the former head of NASA Sean O’Keefe were aboard a plane that crashed in Alaska.

O’Keefe is the head of the plane manufacturer EADS.

The downed plane, a DeHavilland DHC-3T, crashed about 10 miles northwest of Aleknagik, Alaska, according to Reuters.

The media is reporting that more than half of people aboard the plane were killed in the crash but there was no confirmation if Stevens or O’Keefe are among the dead. Continue reading

Celente – Bull Run Or BS? Crash Of 2010 On Its Way

(Rense) – 2010 has thundered past the half way mark and is galloping into history. What will the rest of the year hold?

Most of the “Top Ten Trends for 2010” forecast by Gerald Celente this past winter in the Trends Journal® have either come to pass or are about to manifest. Celente predicted:

The Afghan surge would fail.
The economic recovery would never materialize.
Terrorist threats would increase.
Tea parties would gain strong momentum.
Obama’s popularity would wane and/or plummet.
Anti-Immigration sentiments would intensify.
In 2009, “experts” rejoiced at the sight of the impending recovery’s “green shoots” and predicted the advent of a roaring bull stock market run.

Bull market or BS? Celente called the green shoots a mirage and recovery “a cover up.” Sure enough, the Dow is now trading at 1999 levels. He also wrote “Geopolitical and sociological fallout will threaten the entire European Union” and he forecast the “Crash of 2010.”

Will the “Crash” happen at all? Will it happen on schedule? Events conspiring in that direction are explored in detail in the Summer Trends Journal®, just sent to subscribers. Continue reading

Economy

(Reuters) – Moody’s Cuts Greece Government Ratings to Junk

Moody’s on Monday downgraded Greece government bond ratings into junk territory, citing the risks in the euro zone/IMF rescue package for the debt-laden country. Read More Here

(InfoClearingHouse) – Bulging Inventory Signals Next Leg Down in Housing – Mike Whitney

Did the Federal Reserve collude with the big banks to hold millions of houses off the market until the Fed finished adding $1.25 trillion to the banks reserves? Did the Fed do this to make it appear that its bond purchasing plan (quantitative easing) was stabilizing prices when, in fact, it was the reduction in supply that stopped prices from plunging? It sure looks that way. This is from Bloomberg News: Read More Here

(HuffingtonPost) – “Dr. Death Says The U.S. Is Really, Really Sick.”

According to Roubini, for the US, the second half of 2010 will be worse than the first. US industrial capacity has fallen from 70 to 65%. Restocking depleted inventories is complete.

The United States, 25% of the global economy, can’t rein in its spending or cut debt. President George Bush inherited a surplus and went on to create the biggest deficit in US history (excepting WWII). Now, President Barack Obama is making matters worse by piling on more unsustainable debt. Read More Here

(DailyBell) – Doug Casey Revisits the Greater Depression and Explains the Realities of Investing in the 21st Century – Read More Here

(MoneyNews) – Volcker Warns: We Are Running Out Of Time

America is running out of time to fix its huge economic and fiscal problems, warns former Fed chair Paul Volcker, who now heads a financial advisory board to President Obama.

“Restoring our fiscal position . . . sorting out a reasonable approach toward limiting carbon omissions, and producing domestic energy without unacceptable environmental risks all take time,” Volcker writes in The New York Review of Books. Read More Here

(MarketWatch) – Bearish Schultz says hyperinflation may happen suddenly

Commentary: Crash-predicting letter says recovery might not come until 2028 Read More Here

(WPost) – Obama pleads for $50 billion in state, local aid

President Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 billion in emergency aid to state and local governments, saying the money is needed to avoid “massive layoffs of teachers, police and firefighters” and to support the still-fragile economic recovery. Read More Here

(Bloomberg) – Economy in U.S. Slows as States Lose Federal Stimulus Funds – Read More Here

(PaulWatson) – Central Bank Hid Housing Market Crash Forecast

New revelations concerning how the Irish Central Bank hid data in a 2006 report indicating that a housing market crash was imminent underscores once again how financial elites covered-up signs of the coming economic turmoil in order to exploit the crisis at the expense of the people.

Months before the Irish housing market started to crumble in early 2007, which was followed by a wider collapse in the UK property market, the Irish Central Bank buried data from a crucial report which suggested that a 15 per cent fall in house prices was around the corner. Continue reading

Economy

(CNN) – U.S. declares fisheries disaster in oily Gulf

Fishing is a $2.4 billion industry in the Gulf states. Louisiana Gov. Bobby Jindal and Mississippi Gov. Haley Barbour requested the declaration, “based on the loss of access to many commercial fisheries and the existing and anticipated environmental damage from this unprecedented event,” the statement said. Read More Here

(OftWoMinds) – Going Long, Going Deep, Going Broke: ZIRP and the Imploding Speculative Economy

A slow-growth real economy has been replaced with a credit-based speculative financial economy dependent on low interest rates and systemic fraud to survive. It is now imploding on a global scale. Read More Here

(DailyBail) – SPECIAL TREATMENT: Bailout Of Bank With Obama Ties Raises Eyebrows; Citi, Goldman, Taxpayers To Rescue

Sources said Tuesday that after overnight meetings, a group of Wall Street giants and some Chicago banks agreed to provide ShoreBank $125 million to $140 million. The saviors range from Goldman Sachs Group Inc. and Citigroup Inc. to Chicago’s Northern Trust Corp. and PrivateBancorp Inc., sources said. A new infusion of about $20 million from GE Capital pushed ShoreBank over the top, they said. Read More Here

(C4L) – More Blank Checks to the Military Industrial Complex – Ron Paul

Congress, with its insatiable appetite for spending, is set to pass yet another “supplemental” appropriations bill in the next two weeks. So-called supplemental bills allow Congress to spend beyond even the 13 annual appropriations bills that fund the federal government. These are akin to a family that consistently outspends its budget, and therefore needs to use a credit card to make it through the end of the month. Read More Here

(EuroNews) – Romanians protest wage and pension cuts

In one of the largest mass protests since the fall of communism, around 50,000 Romanians took to the streets of Bucharest on Wednesday.

They are furious at drastic cuts to state wages and pensions proposed by the government to reduce the country’s ballooning budget deficit. Read More Here

(Reuters) – IMF: Spain must make wide ranging reforms, weak recovery

Spain must make far reaching, comprehensive reforms, including to the labour market, while its economic recovery remains fragile, The International Monetary Fund said on Monday. “The challenges are severe: a dysfunctional labor market, the deflating property bubble, a large fiscal deficit, heavy private sector and external indebtedness, anemic productivity growth, weak competitiveness, and a banking sector with pockets of weakness,” the IMF said in an annual report on Spain. Read More Here

(Bloomberg) – Gold Rising as Euro Weakens Spurs More Speculation

Speculators are buying gold faster than the world’s biggest producers can mine it as analysts forecast a 27 percent rally that may extend the longest run of annual gains since at least 1920. Read More Here

(USAToday) – Private pay shrinks to historic lows

Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds. Read More Here

(TheEconomicCollapse) – 25 Questions To Ask Anyone Who Is Delusional Enough To Believe That This Economic Recovery Is Real

If you listen to the mainstream media long enough, you just might be tempted to believe that the United States has emerged from the recession and is now in the middle of a full-fledged economic recovery. In fact, according to Obama administration officials, the great American economic machine has roared back to life, stronger and more vibrant than ever before. But is that really the case? Read More Here

(WND) – Obama to snatch up to 75% of your income – Jerome Corsi

Federal government could confiscate more than half of everything earned Read More Here

(MarketWatch) – Warning: Crash Dead Ahead. Sell. Get Liquid. Now

Commentary: ‘Game’s in the refrigerator.’ Power’s turning off. Dow sinking below 6,470 Read More Here

(Bloomberg) – Video: Marc Faber – Greece Is Just a Write-off – Video Link Here

(CNBC) – Video: Peter Schiff on CNBC – is US The Next Greece or Japan? Continue reading

Economy

(NYTimes) – Germany Acts Alone to Protect the Euro and Big Banks Against Speculators

On Wednesday, the government’s partial ban on so-called naked short-selling took effect, as part of Berlin’s effort to protect its biggest financial institutions and the euro currency from investors who have been betting against them. Read More Here

(EconomicPolicyJournal) – 32 States Have Borrowed from the Federal Government to Make Unemployment Payments; California Has Borrowed $7 Billion – Read More Here

(WSJ) – FDIC: ‘Problem’ Banks at 775 – Read More Here

(USAWatchdog) – FDIC Insurance Fund Still $20 Billion in the Hole – Read More Here

(NoWorldSystem) – Senate Passes Wall Street Permanent Bailout Bill, It’s a Job Killer!

The Senate passes the Wall Street Reform Bill (S. 3217) by a 59-39 vote, if it passes the House it will kill jobs by making it difficult for small businesses to succeed and it will give permanent and unlimited bailout authority for the big banks on Wall Street. It would also do nothing to solve problems in the financial system and won’t prevent the next financial crisis. Read More Here

(Fox) – Video: Congressman Paul discusses gold and the markets with Stuart Varney on Fox Business – View Video Here

(Creators) – Confiscating Your Property – John Stossel

Your life and liberty may still be safe, but have you ever gone to a government surplus auction? Consumer reporters like me tell people, correctly, that they are great places to find bargains. People can buy bikes for $10, cars for $500.

But where did the government get that stuff? Read More Here

(GlobalResearch) – The Financial Crisis as a Game of 3 Card Monte – You always think you are going to win until you lose – Danny Schechter

We live in a three card monte world. Follow the money as it moves from one shell to another. Now guess where it is. Most of us don’t know the hand can be quicker than the eye. That’s why mostly everyone who has ever been suckered into playing ends up losing except those who are allowed to win to keep the hustle going. We miss the tricks of the trade even as we swear we know where the winning card or money or ball is. Read More Here

(ImplodeOMeter) – One in Ten Mortgage Borrowers Will Lose Their Home To The Bank

New Observations is forecasting that a minimum of one in ten homes with a mortgage today will be lost to foreclosure in the next two years and that this loss represents a staggering five-million-unit addition to inventory-for-sale. Read More Here

(SilverBearCafe) – Dow’s New Highs All Lies

All pain is either severe or slight, if slight, it is easily endured; if severe, it will without doubt be brief. – Marcus T. Cicero. 106-43 BC, Great Roman Orator, Politician
As the saying goes, a picture speaks a thousand words. To be sure the charts below quite clearly illustrate that the Dow has not put in a single new high in the past 3 years. Read More Here

(Reason) – Confiscating Your Property

How asset forfeiture laws violate individual rights – Read More Here

(NakedEmperor) – Volcker Revelation: ‘Stiff’ New Tax Needed to Cover Obama Spending at 25% of GDP

“Stiff” new taxes? How about ’stiff’ new spending cuts. It’s no surprise spending like a drunken sailor (apology to drunken sailors everywhere) on shore leave isn’t sustainable. Video Link Here

(WashingtonsBlog) – Senate Passes Faux Financial “Reform” Bill

The Senate passed a financial “reform” bill today by a 59-39 vote which won’t fix any of the core problems in the financial system, and won’t prevent the next financial crisis. Read More Here

(MyBudget360) – FDIC next government trillion dollar bailout? Since January of 2000 to October of 2007 we had 27 bank failures. From January 2008 to May 2010 the FDIC has closed down 237 banks. Why 1,000 bank failures will occur before the Great Recession is over. – Read More Here

(MoneyAndMarkets) – Our SIXTH Warning: Dow in Danger!

On March 27, Mike Burnick warned you — right here in Money and Markets — that the big stock market rally of 2009-2010 “could come to a crashing end at any time.” Read More Here

(Reuters) – U.S. companies lobby Congress on derivatives-WSJ

At least 42 nonfinancial companies and trade associations are lobbying the U.S. Congress to push back on proposals that regulate the over-the-counter derivatives market, the Wall Street Journal said on Friday. Read More Here

(VancouverSun) – Wealth gap spurs revolts across Asia

Peasants left out of region’s economic miracle are rising up against their rulers, creating widespread security threats Read More Here

(Chron) – Texas leaders announce $1.2 billion in state cuts – Read More Here

(Reuters) – NYSE expects all U.S. stocks to have circuit breakers – Read More Here

(AP) – Mortgage delinquencies drag on economic recovery – Read More Here

(EconPolicyJournal) – German Finance Minister: Markets Out of Control

“I’m convinced the markets are really out of control,” German Finance Minister Wolfgang Schaeuble told  FT. “That is why we need really effective regulation, in the sense of creating a properly functioning market mechanism.”

TRANSLATION: Governments are having a difficult time controlling markets, given we have screwed things up so terribly. If we don’t control this somehow, all our plans for a one world government, ruled by us elite, will collapse. – Source: Economic Policy Journal

(NewStatesman) – Grotesque Global Financial System: Greece. Economic Theft on an Unprecedented Scale – John Pilger

As Britain’s political class pretends that its arranged marriage of Tweedledee to Tweedledum is democracy, the inspiration for the rest of us is Greece. It is hardly surprising that Greece is presented not as a beacon, but as a “junk country” getting its comeuppance for its “bloated public sector” and “culture of cutting corners” (Observer). The heresy of Greece is that the uprising of its ordinary people provides an authentic hope unlike that lavished upon the warlord in the White House. Continue reading

Economy

(CSPAN) – Video: Ron Paul – Bailing out foreign governments – View Video Here

(Sky) – Video: Chinese dumping worthless DOLLARS AND EUROS for Gold

(BusinessWeek) – Video: What Good Are Economists Anyway?

Why they failed to predict the global economic crisis—and why their help is still crucial to a recovery Read More Here

(ZeroHedge) – The correction is coming and it will be a bloodbath

The correction, soon to be crash, is here: the market had a bigger relative open to close move today than it did on May 6. We closed at the day’s lows on massive volume, despite definitive central bank intervention, regardless whether it was the SNB, the ECB, or the Fed. The central planners have lost control of the market, and all thanks to the inevitable collapse of hyper capitalist Keynesianism coming out of the formerly most communist country in the world. Read More Here

(LeMonde) – The Greek People are the Victims of a Carefully Engineered Financial Extortion Racket

What is happening in Greece concerns all of us. The people are paying for a crisis and a debt that are not their own. Today it is the Greeks, tomorrow it will be others, for the same causes will produce the same effects if we allow it. Read More Here

(TimesOnline) – Euro in danger: Germans trigger panic over future of single currency – Read More Here

(ZeroHedge) – Pan-European Bank Run Is Now On: Capital Flight From UK To Switzerland, As GBPCHF Intervention Strikes Next – Read More Here

(Reuters) – Wall Street slumps on euro-zone fears

Stocks dropped on Thursday, with all major indexes sliding more than 3 percent on growing fears that the euro zone’s handling of its sovereign debt crisis could jeopardize the global economic recovery. Read More Here

(RussiaToday) – Video: Euro Collapse Looms? Engdahl on Naked Short Selling Ban

Germany’s Chancellor Angela Merkel says the Euro currency is at risk and that Europe faces its greatest challenge since the EU was formed. It comes as stock markets in Europe and Asia tumbled on the surprise news that Berlin was banning types of ’short selling’ where investors profit by betting that shares will drop in value.

Economic Headline Doom News With Links

Financial Reforms ‘Cosmetic’ , Wont Stop More Crisis : Roubini
Report: Increase in Payroll Taxes Needed for Social Security
Home Building Gains Likely to Fade with Tax Credit
Texas Doctors Opting Out of Medicare at Alarming Rate
Oklahoma : $200 Million in Delinquent Taxes Uncollectible
Hawaii Foreclosures Filing Soar 115% in April
Gov. Paterson NY Threatens Cutting 10,000 Jobs
More Store Closing Hit Grand Avenue Downtown Milwaukee Shopping Center
Small Businesses not hiring
Video: The Growing Gap Between Rich and Poor
Oyster Industry Takes Hit From Oil Spill
Why Greece Should Consider Default
Mayor Bell: Announces City of Birmingham 10% Cut in Workers Pay
Yonkers School District NY, Trying to Close $43 Million Deficit
Investors Should Avoid Banks at all Cost: Meredith Whitney

(HousingWire) – FBI Mortgage Fraud Investigations Jump 400% in Five Years

FBI investigations of mortgage fraud increased 400% in 2009, compared with five years earlier, according to an Office of Thrift Supervision (OTS) report on fraud and insider abuse (download here). Read More Here

(Bloomberg) – Jobless Claims in U.S. Unexpectedly Increase as Dismissals Remain Elevated

More Americans unexpectedly filed applications for unemployment benefits last week, showing firings remain elevated even as employment climbs. Read More Here

(Reuters) – Greek strikers march on parliament against austerity

Thousands of striking Greeks marched peacefully to parliament on Thursday in a protest against government austerity measures that was much smaller than a huge rally that led to rioting on May 5. Read More Here

(WebsterTarpley) – Tentative First Steps in Europe’s Self-Defense Against Zombie Bankers and Hedge Fund Hyenas

Germany and Europe have now made some promising initial steps in the direction of their necessary self-defense against the depredations of those zombie banks and hedge fund hyenas who have been organizing a massive speculative attack on Greece, Spain, Portugal, and Italy with a view to destabilizing the euro and perpetuating the world hegemony of the troubled US dollar. Read More Here

(ZeroHedge) – Video: Live Feed From Athens As 100,000 Greeks Go On Strike, Consider Storming Parliament Again

The last time Greeks were shown to be storming their parliament on live TV, we got a 1,000 point drop on the Dow Jones. Today, another 100,000 protesters of austerity are expected to hit the streets as the entire country is essentially shut down. View Live Here

(BusinessInsider) – MARKETS CRUSHED: FLASH CRASH THURSDAY 2.0? – Read More Here

Video: Celente – 2010 Year of the Bubble

Trends forecaster predicts the complete collapse of the dollar. – Video Link Here

(GoldScents) – FOCUS ON WHAT MATTERS

I know this is hard to do, especially when one is weathering draw downs. And of course a liberal dose of gloating from the bears during these times doesn’t help either. But let’s not get sidetracked by the little things and let’s face it, the haters are going to show up every time gold corrects. We really should be used to that by now. They’ve been doing it for 10 years. Read More Here

(TheLoomingDoom) – Superhyperinflation Just Around The Corner

The Looming Doom has learned leading experts are advising the Obama Administration that the U.S. is poised to experience the most painful economic cycle of all: the Super-Hyper-Inflation Trauma (SHIT). While there is yet slight division amongst the experts as to whether the U.S. is already in SHIT or not, once the U.S. is fully in deep SHIT, there is no quick fix. Furthermore, if the SHIT is too deep, the economy may never recover. Continue reading

Video: Poland Slams Plane Crash Investigation Following Release Of Video

FLASHBACK: Regime Change by Plane Crash

(AFP) – Poland’s opposition, led by the identical twin of the country’s late president, said on Thursday it wants Warsaw to take over the probe into the plane crash in which the head of state died this month.

Jaroslaw Kaczynski’s Law and Justice (PiS) party hit out at Moscow’s handling of the inquiry into the April 10 crash in Smolensk in western Russia, which claimed the lives of Lech Kaczynski along with 95 others.

“This investigation is flawed,” said lawmaker Arkadiusz Mularczyk. Continue reading

Video: Regime Change by Plane Crash

(PrisonPlanet) – Nearly a month ago amateur footage was released ostensibly showing a Russian clean-up crew at the crash site killing off the few survivors of the Polish presidential plane crash. It seems unlikely that a crew would be waiting there on-site in that location as it’s an otherwise unremarkable wood that would not be frequented by the Russian authorities. Unless they were waiting for someone, that is. Continue reading

Economy

(BusinessInsider) – CHART OF THE DAY: 49 Out Of 50 State Economies Are Still Underwater – Read More Here

(Telegraph) – ECB may have to turn to ‘nuclear option’ to prevent Southern European debt collapse – Read More Here

(Bloomberg) – College Graduates’ Debt Load May Outstrip Ability to Repay

Students, especially at for-profit universities, are leaving college in the U.S. with a debt load large enough to raise questions about the ability of many to repay loans, a study found. Read More Here

(EconomicPolicyJournal) – Trillion Dollar Bailout for Greece – Read More Here

(Telegraph) – Goldman boss Lloyd Blankfein denies moral obligation towards clients – Read More Here

(InternationalForecaster) – Frauds And Scandals Follow The Collapse Of The Financial System – Bob Chapman

As the world faces an ongoing sovereign debt debacle we see an attempt to defuse an oncoming scandal involving Goldman Sachs, Paulson and perhaps others.

The collapse of the fiat money system is underway and each day picks up momentum. The only question is how long it can survive? In the interim we are faced with inflation and perhaps hyperinflation as the privately owned Federal Reserve and other central banks add stimulus and money and credit into their financial systems. Read More Here

(10TV) – Cabinet Plant, Largest Employer In Pike Co., Closing

More than 1,200 jobs were being eliminated on Tuesday, after the Masco Cabinet Group announced it was closing its Hopewell Road facility. Read More Here

(Bloomberg) – Barofsky Says Criminal Charges Possible in Alleged AIG Coverup – Read More Here

(WSJournal) – Video: Contagion Getting Worse – Video Link Here

(Bloomberg) – ‘Debt Like Cancer’ Addressed by Obama Commission on U.S. Debt

President Barack Obama’s debt commission started grappling with how to reduce the U.S. government’s red ink in the first of a series of meetings aimed at producing a plan to be sent to Congress. Read More Here

(CNNMoney) – S&P slashes Spain’s debt rating

Standard and Poor’s downgraded the sovereign debt ratings of Spain to a lower investment grade status Wednesday, citing “risks to budgetary position” for the troubled European nation. Read More Here

(TarpleyNet) – Video: Seize and Liquidate Goldman Sachs – Webster Tarpley

Today’s Senate hearings, carried on CNBC, Bloomberg, and C-SPAN, represent the first major exposure of the American people to the scandalous frauds of the derivatives casino, including synthetic collateralized debt obligations (synthetic CDOs or CDO²). These are things most people have heard very little about. They begin to open up the shocking reality behind such shopworn euphemisms like “toxic assets,” “exotic instruments,” and “troubled assets.” Read More Here

(MarketWatch) – Royal Dutch Shell profit surges 57%

Royal Dutch Shell on Wednesday reported a 57% climb in first-quarter profit, with the energy giant benefiting from a surge in oil and gas prices as well as improving production. Read More Here

(MSNBC) – Markets shudder as Greek debt woes spread

‘Chances of a default … are increasing not by the day but by the hour’ Read More Here

(RevolutionaryPolitics) – Video: Chris Christie Speech Declaring Fiscal Crisis Emergency – View Video Here

(WSJ) – States Bristle as Investors Make Wagers on Defaults

As U.S. cities and towns wrestle with financial problems, investors are finding a new way to profit on their misery: by buying derivatives that essentially bet municipalities will default. Read More Here

(DailyMail) – BP earns £463 a second… as motorists suffer record petrol prices

Motorists paying record prices at the pumps reacted with fury at news of a 135per cent rise in profits by oil giant BP – earning a massive £463 a second.

BP said on Tuesday that profits hit £3.6 billion ($US5.6 billion) in the first three months of 2010 – more than double the level last year. Read More Here

(FauxCapitalist) – An illegal bank is the second-largest holder of U.S. treasury securities

From the U.S. Treasury Department’s latest numbers of major foreign holders of treasury securities, we see that China owned $877.5 billion and Japan owned $768.50 billion in February 2010. Read More Here

(WashingtonExaminer) – Barbara Hollingsworth: Fannie Mae owns patent on residential ‘cap and trade’ exchange

When he wasn’t busy helping create a $127 billion mess for taxpayers to clean up, former Fannie Mae Chief Executive Officer Franklin Raines, two of his top underlings and select individuals in the “green” movement were inventing a patented system to trade residential carbon credits. Read More Here

(EconomicPolicyJournal) – S&P on Greek Debt Downgrade to Junk Status: Options Are Narrowing Read More Here

(MarketWatch) – Goldman culture crash

More than anything else, the Securities and Exchange Commission’s fraud case against Goldman Sachs Group Inc. has illustrated the fall of the firm from Wall Street’s preeminent bank to riverboat casino. Read More Here

Climategate

(WebMe) – Global Warming: the Collapse of a Grand Narrative – Read More Here

(WebMe) – Nails in the Global Warming Coffin

My silence since mid-February has not meant that I have taken my eye off the climate-change scene. Far from it, although I have to confess that I have become increasingly wearied and bored by the fatuous lack of reality exhibited on this topic by many UK politicians. It is so glaringly obvious that, since the debacle in Copenhagen, ‘global warming’ is dying as a major political trope that I find it less and less exercising as an issue. Indeed, I do not want to waste too much energy in flogging a fundamentally dead corpse.

This last week, however, the nails in the global warming coffin have been driven in so thick and so fast that I thought it might be worth bringing attention once again to what is happening around the world – “You will therefore permit me to repeat, emphatically, that Global Warming is as dead as a door-nail,” although I suspect that the Global Warming Ghost will hang around moaning and wailing for quite a while yet. Read More Here

(Blog) – Angela Merkel gives up binding carbon treaties Read More Here

(NationalPost) – Lawrence Solomon: Australia won’t cap and trade

Seeing countries around the world back away from their climate change commitments, and seeing his own electoral support crumble, Australian Prime Minister Kevin Rudd announced today that Australia will be shelving its cap and trade program for at least three years, until after the next election. “That will provide the Australian government at the time with a better position to assess the level of global action on climate change,” he told the Australian press. Read More Here

(OzClimateSense) – Carbon storage premise ‘totally erroneous’ – Read More Here

Video: Marc Faber on Bloomberg – ‘Eventually There Will Be A Massive Crash’

Marc Faber, publisher of the Gloom, Boom & Doom report, talks about growth in lending and increases in property prices in China. Faber also discusses his caution about buying industrial commodities and Australian stocks. He speaks with Bloomberg’s Liza Lin in Singapore. Continue reading

Did Global Elite Kill Polish President Kaczynski?

(KurtNimmo) – Damian Thompson, writing for the Daily Telegraph, says there will be plenty of conspiracy theories floating around cyberspace in response to the death of Polish president Lech Kaczynski and a large number of Polish VIPs in a plane crash last week. Continue reading

Poland

(NYTimes) – Polish Leader Kaczynski Often a Source of Tension Within E.U.

Lech Kaczynski, who died Saturday in a plane crash in western Russia, rose from childhood fame as an actor to become president of Poland. He was 60. Read More Here

(CNN) – Video: Analysis – Ramifications of crash on Polish politics – Video Link Here

(LATimes) – For Poland, plane crash in Russia rips open old wounds

The 97 aboard a Soviet-era plane were heading to Katyn, site of the 1940 massacre of Polish prisoners of war. Now Poland, which hasn’t forgotten its tragic past, must grieve the loss of its key leader Read More Here

(NewsWeek) – What’s Next for Poland

President Kaczynski’s visit to Russia was supposed to help heal a historic rift between the two countries. But as NEWSWEEK’s former Warsaw bureau chief explains, that won’t be easy. Especially now. Read More Here

(NYTimes) – Plane Crash May Strain Poland’s Ties With Russia

A plane carrying the Polish president and dozens of the country’s top political and military leaders to the site of a Soviet massacre of Polish officers in World War II crashed in western Russia on Saturday, killing everyone on board. Read More Here

(BangkokNews) – Poland in shock at news of president’s death

President Lech Kaczynski of Poland has been killed, along with his wife and members of his delegation, in a plane crash in Russia. There are no reports of survivors. The President of Poland, President Lech Kaczynski and his wife have been killed, along with up to 132 others in a plane crash in the Smolensk region of Russia. Read More Here

(EnRian) – Polish premier calls emergency meeting in Warsaw following death of president

Polish Prime Minister Donald Tusk has called an emergency government meeting in line with the death of President Lech Kaczynski, who died in a plane crash in western Russia on Saturday. Read More Here

Poland’s Leaders Move to Weaken Currency, Then Die in Plane Crash

(GovernmentAgainstThePeople) – There’s no telling if the two events are connected, but their timing is mighty interesting.

The Polish government and the National Bank of Poland, in a “rare moment of unity,” agree to weaken Poland’s currency, the zloty, in an act that would benefit Poland’s exporters at the expense of Poland’s trading partners—that is, the European Union, among others. Then, the next day, Poland’s president and the president of its national bank die in a plane crash. Continue reading

Polish president dies in air crash

(PressTV) – A passenger plane carrying Polish President Lech Kaczynski has crashed on approach to Smolensk Airport in southwest Russia, killing all on board.

Russian news agencies reported all 132 on board died in the crash on Saturday, citing the Russia’s Emergencies Ministry. Read More Here

Also On Board:

Mr. Janusz Kurtyka, head of the IPN,
p. Sławomir Skrzypek, prezes NBP, Mr Sławomir Skrzypek, President of the NBP,
p. Władysław Stasiak, szef Kancelarii Prezydenta, Mr. Wladyslaw Stasiak, head of the Presidential Office,
p. Ryszard Kaczorowski, ostatni prezydent RP na uchodźstwie, Mr Ryszard Kaczorowski, the last president in exile,
p. Aleksander Szczygło, szef Biura Bezpieczeństwa Narodowego, Mr. Aleksander Szczyglo, head of the National Security Bureau,
p. Janusz Kochanowski, Rzecznik Praw Obywatelskich, Mr. Janusz Kochanowski, the Ombudsman,
WCz. Enable. Przemysław Gosiewski, przewodniczący Klubu Parlamentarnego PiS, Przemyslaw Gosiewski, Chairman of the Parliamentary Club of Law and Justice
WCz. Enable. Jerzy Szmajdziński, wicemarszałek Sejmu z SLD , Jerzy Szmajdzinski, Deputy Speaker of the Sejm of the SLD,
WCz. Enable. Zbigniew Wassermann, poseł PiS, Zbigniew Wassermann, PiS MP,
WCz. Enable. Grzegorz Dolniak, poseł PO, Gregory Dolniak, MP,
p. Paweł Wypych, sekretarz stanu w Kancelarii Prezydenta, Mr. Pawel Wypych, State Secretary in the Office of the President,
p. Andrzej Kremer, wiceminister spraw zagranicznych, Mr. Andrzej Kremer, Deputy Minister of Foreign Affairs,
gen. Franciszek Gągor, szef sztabu generalnego WP, Gen. Franciszek Gągor, Chief of Staff HR,
p. Piotr Nurowski, prezes Polskiego Komitetu Olimpijskiego. Mr Peter Nurowski, president of the Polish Olympic Committee.
Wg Konstytucji obowiązki JE Lecha Kaczyńskiego przejmie WCz. According to the Constitution, the duties HE Lech Kaczynski will take over Enable. Bronisław Komorowski, marszałek Sejmu, który w ciągu 14 dni powinien ogłosić wybory prezydenckie. Bronislaw Komorowski, Marshal, who within 14 days shall announce presidential elections.
Above Info Source Here

Greenspan: Worst Financial Crisis EVER, INCLUDING the Great Depression

(WashingtonsBlog) – Greenspan just said that the current credit crunch is “by far the greatest financial crisis, globally, ever” — including the 1930s Great Depression.

Bloomberg notes:

Greenspan said that while the economy was in worse shape in the Great Depression, the recent financial crisis was potentially more harmful than that in the 1930s because “never had short-term credit literally withdrawn.”

Continue reading

Video: Marc Faber – “Total Collapse Will Come” – Economic Armageddon – Dollar Crash

Marc Faber predicts with certainty that the United States will go through high inflation and a lower standard of living. Expect wars and currency re-evaluation. Continue reading

This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied

(ZeroHedge) – When Henry Paulson publishes his long-awaited memoirs, the one section that will be of most interest to readers, will be the former Goldmanite and Secretary of the Treasury’s recollection of what, in his opinion, was the most unpredictable and dire consequence of letting Lehman fail (letting his former employer become the number one undisputed Fixed Income trading entity in the world was quite predictable… plus we doubt it will be a major topic of discussion in Hank’s book). We would venture to guess that the Reserve money market fund breaking the buck will be at the very top of the list, as the ensuing “run on the electronic bank” was precisely the 21st century equivalent of what happened to banks in physical form, during the early days of the Geat Depression. Continue reading

Video: Gerald Celente on Fox Business 2010 Market Trends! – The Greatest Depression

(Fox) – Gerald Celente predicts The Crash of 2010, hyperinflation, protectionism, anti-immigration, and a new third political party Continue reading

Israeli Chemical Weapons

(Independent) – Israel fails to calm Dutch anger over ‘nerve gas’ crash

The worst air crash in the history of the Netherlands, six years ago today, turned the Amsterdam apartment complex into a hell-like inferno in seconds, killing Norma Habibi’s two children and 41 of her neighbours. Six years on, the surviving residents of the suburb are suffering physical ailments which their doctors have long suspected, and which new revelations last week appear to confirm, were caused by exposure to something more sinister than burning perfume, paints or electronic equipment. Read More Here

(BBC) – Israel says El Al crash chemical ‘non-toxic’

Israel has said that the chemicals being carried by a cargo plane that crashed into a block of flats in Amsterdam in 1992 were “non-toxic”. Read More Here

(Wiki) – Sarin gas attack on the Tokyo subway

The Sarin attack on the Tokyo subway, usually referred to in the Japanese media as the Subway Sarin Incident, was an act of domestic terrorism perpetrated by members of Aum Shinrikyo on March 20, 1995. Read More Here

Officials and Experts Warn of Crash-Induced Unrest

(WashingtonsBlog) – Numerous high-level officials and experts warn that the economic crisis could lead to unrest world-wide – even in developed countries:

  • Today, Moody’s warned that future tax rises and spending cuts could trigger social unrest in a range of countries from the developing to the developed world, that in the coming years, evidence of social unrest and public tension may become just as important signs of whether a country will be able to adapt as traditional economic metrics, and that a fiscal crisis remains a possibility for a leading economy, it said that 2010 would be a “tumultuous year for sovereign debt issuers”.
  • Continue reading

Video: G. Edward Griffin on Alex Jones Tv – The Federal Reserve “The Root of All Evil”

Alex welcomes in-studio G. Edward Griffin, film producer, political lecturer, and author of numerous books, including the indispensable classic, The Creature from Jekyll Island: A Second Look at the Federal Reserve. Griffin is the founder of Freedom Force International, a libertarian activist network. Mr. Griffin appears in Alex Jones’ Fall of the Republic and the late Aaron Russo’s America: Freedom to Fascism

Continue reading

Video: The Collapse of America by excessive debt and hyperinflation

Our National debt is a ticking time bomb and as we continue to borrow at record amounts and entitlement programs fail to pay for themselves, interest rates – once they begin to rise will eat more and more of tax receipts until we can no longer provide promised services and benifits. Our Economy will crash as the government defaults on its debt payments and social order will collapse. Continue reading

When the Dollar Rallies, the Market will Crash – Mike Whitney

Interest rates. The Fed does not need slinky women in plunging necklines to peddle money. All it needs is low interest rates. When rates are pushed lower than the rate of inflation, the Fed provides a subsidy for borrowing. This is not as hard to grasp as it sounds. If I offered to give you $1.00 for very 90 cents you gave me in return, you would buy as many dollars from me as you could. The Fed operates the same way. Continue reading

How Goldman secretly bet on the U.S. housing crash

In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting. Continue reading

MSM: Wilbur Ross Sees ‘Huge’ Commercial Real Estate Crash

Oct. 30 (Bloomberg) — Billionaire investor Wilbur L. Ross Jr., said today the U.S. is in the beginning of a “huge crash in commercial real estate.” Continue reading

Video: Lindsey Williams on The Alex Jones Show – Economic Warfare Declared on Americans by The Elite!!

Alex continues his discussion with pastor Lindsey Williams about the plans of the elite to crash the economy. Continue reading

How Did America Fall So Fast?

In 2000, America was described as the sole remaining superpower – or even the world’s “hyperpower”. Now we’re in real trouble (at the very least, you have to admit that we’re losing power and wealth in comparison with China).
How did it happen so fast? Continue reading

Ignorance Is Bliss – Peter Schiff

(C4L) – While all the talk at present is about economic corners turned and markets charging ahead, no one is paying much notice to an American economy deteriorating before our eyes. These myopic commentators seem to be simply moving past the now almost-universally held conclusion that before the crash of 2008, our economy was on an unsustainable course. If these imbalances had been corrected, then perhaps I too would be joining in the euphoria. But evidence abounds that we have not veered at all from that dangerous path. Continue reading

The Biggest Bust Will Follow the Biggest Bubble

Our “Crash Alert” flag goes back up the pole…
October is almost half over. Will we get through the month without a major sell-off? Continue reading

The Ongoing Cover Up of the Truth Behind the Financial Crisis May Lead to Another Crash

William K. Black – professor of economics and law, and the senior regulator during the S & L crisis – says that that the government’s entire strategy now – as during the S&L crisis – is to cover up how bad things are (“the entire strategy is to keep people from getting the facts”). Continue reading