Video: Thailand’s Thaksin Shinwatra, Marxists, and the NWO

(Infowars) – At the root of this protest is fugitive ex-prime minister, Thaksin Shinwatra. Before being elected as prime minister, Thaksin was a member of Carlyle Group’s Asian advisory board. He had bragged to media how, after being elected in 2001, he still served as a “match maker” for foreign investors. Continue reading

Economy

(NewWorldOrderInformation) – News about Goldman Sachs Shouldn’t Surprise You

The announcement today that the Securities and Exchange Commission sued Fabrice Tourre, a Goldman Sachs vice president for fraud should not surprise you. I have warned the readers of this blog and elsewhere for years about the fraud and corruption in our financial markets and how the international banksters have been stealing your money. Read More Here

(NYTimes) – Investor Who Made Billions Not Targeted in Suit

Three and half years ago, a New York hedge fund manager with a bearish view on the housing market was pounding the pavement on Wall Street. Read More Here

(ZeroHedge) – Ratigan Deconstructs Goldman, Connecticut AG Blumental Wants Criminal Charges Filed

We expected Dylan to explode during today’s show. We were disappointed as he somehow managed to contain it, and did a pretty good recap of the Goldman affair (if a little too many matchbox cars on the show for our taste). Read More Here

(NewsMax) – Soros: Euro, EU Will Collapse if Germany Doesn’t Make Concessions

Billionaire financier George Soros thinks the euro and the European Union itself are at risk of breaking up if Germany refuses to play its traditional role and make concessions, he told a newspaper. Read More Here

(KurtNimmo) – Video: Casino Carnival Barker Jim Cramer Defends Goldman Sachs

Goldman knowingly pitched worthless mortgage securities to clueless investors who took more than a billion dollar bath. The SEC and anybody who has two brain cells to rub together know this is massive criminal fraud. Read More Here

(AP) – 8 banks close in Calif., Fla., Mass., Mich., Wash.

Regulators on Friday shut down eight banks — three in Florida, two in California, and one each in Massachusetts, Michigan and Washington — putting the number of U.S. bank failures this year at 50. Read More Here

(TheGlobeAndMail) – Canada’s brewing debt storm

For every $1 of disposable income, Canadians owe a record $1.47. How did it come to this? Read More Here

(ProPublica) – Other Major Banks Did Deals Similar to Goldman’s

As you may have heard, Goldman Sachs is being sued for fraud [1] by the Securities and Exchange Commission [2] for allegedly misleading investors about a deal that Goldman helped structure and sell. In the civil suit, the SEC specifically faulted Goldman for failing to disclose that a hedge fund was helping create the investment while betting big the deal would fail. Read More Here

(NYTimes) – Investor Who Made Billions Not Targeted in Suit

Three and half years ago, a New York hedge fund manager with a bearish view on the housing market was pounding the pavement on Wall Street. Read More Here

MSM: Willem Buiter warns of massive dollar collapse

(Telegraph) – January 2009 – Americans must prepare themselves for a massive collapse in the dollar as investors around the world dump their US assets, a former Bank of England policymaker has warned. Continue reading

MSM: Gold Rises to a Record on Stronger Demand for a Currency Hedge

(Bloomberg) – Gold surged to a record for a second day as investors stepped up purchases to protect their wealth against fiat currencies. Silver also gained. Continue reading

Dow Target 6,617, October 25, 2009: Here Is Why

History may not repeat itself, but it does rhyme. I have been in the camp that this is a bear market rally. That is what I thought we would be getting in March. I’m also in the camp that because of the need to deleverage debt in most of the developed world, we will likely be heading into a global economic depression and perhaps at worse case, a collapse in the banking system. Continue reading

Gold Touches a New Record

“Gold continues to climb…stoked by inflation worries,” says a headline in the International Herald Tribune.
Yesterday, it touched a new record – $1,050 – even as the dollar rose, oil slumped under $70 and stocks dipped very slightly. Continue reading

CAUTION: Crash/Collapse Dead Ahead Say Faber, Rogers, Dent and Celente

After a massive upswing in US stocks over the last six months, the recent rally may finally be coming to an end. It seems that the trend of rising stocks on bad or better than expected news may be in a reversal, as evidenced by market participants’ caution over the last couple of weeks. For those that follow contrarian investors like Marc Faber, Jim Rogers, Gerald Celente and Harry Dent, this should come as no surprise. Continue reading

Peter Schiff Says Gold to $5,000/ounce and US Market Rally Will Fade

Peter Schiff, President of Euro Pacific Capital, stated in a web cast today on Yahoo! Finance that he sees gold reaching $5000/ounce and the US market faltering. Continue reading

MSM: Forbes Reports the Dollar Has Collapsed

The U.S. dollar reached its lowest point against the euro this year due to a myriad of forces including rising global stocks and commodities prices, low interest rates, and investors diversifying out of Treasury debt and into other assets including U.S. stocks with the Dow Jones industrial average approaching 9500 in late afternoon trading. Continue reading

Wall Street To Securitize People’s Deaths?

The New York Times published a pretty creepy article on Saturday (September 5th). The article focuses on Wall Street’s new plan to make money. What’s so bad about Wall Street making money? Continue reading

China has ‘canceled US credit card’: lawmaker

China, wary of the troubled US economy, has already “canceled America’s credit card” by cutting down purchases of debt, a US congressman said Thursday. Continue reading

MSM: Major indexes fall more than 6 percent for week

Wall Street ended another terrible week Friday, leaving major indexes down more than 6 percent as investors worried that the recession will persist for at least the rest of the year and that government intervention will do little to hasten a recovery. Continue reading

Investors Becoming Overly Complacent – Stock Market and Gold Update

A routine I have always kept to is listening to market news on the radio every morning. Recently it has felt as if the morning market news has morphed into the morning job losses report. It is no longer tracked on a monthly or weekly basis but rather the consortium of job cut announcements have been a routine part of the morning news. This Thursday morning, we were confronted with 12,000 jobs cuts lead by Eastman Kodak, Wednesday brought us 15,000, Tuesday 11,500 and kicking off the week on Monday we recorded 71,000 jobs losses. At this rate we are on track to lose about half a million jobs per month, adding to the already 2.6 million lost last year. I cannot remember a point in time when were faced with such an onslaught of daily negative news regarding the real economy. It is both breathtaking and heart wrenching, the number of people losing their jobs on a daily basis.

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2008 worst year for Wall St. since 1931

The Dow Jones has closed 35 percent down for 2008 marking the worst year for the Dow since 1931.

On Wednesday on the last of trading in 2008, The Dow Jones industrial average rose nearly 120 points, while bond prices fell sharply as investors moved into stocks.

Trading proceeded quietly because many investors have closed their books on the year. The Dow is down 35 percent for 2008, while broader indexes are down about 40 percent. Continue reading

MSM: Dow Drops 500 Points In Turbulent Trading

(CBS/AP) Wall Street has had yet another dismal day Tuesday, extending its heavy losses as investors’ worries about the financial sector wiped out early enthusiasm over the Federal Reserve’s efforts to inject confidence into the credit markets. Trading remained fractious and grew more turbulent in the last hour, with the Dow Jones industrial average losing more than 500 points and all the major indexes falling more than 5 percent.
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MSM: Markets Sink on Latest Financial Mayhem

Wall Street returned from yet another momentous weekend with a sharply negative open as the markets reacted to Citigroup’s government-assisted takeover of Wachovia and a breakthrough agreement in Congress over the $700 billion financial rescue plan
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MSM: Wall Street tumbles ahead of bailout vote

NEW YORK – Financial markets moved quickly into negative territory in early trading Monday ahead of a planned House vote on an unpopular $700 billion plan to rescue troubled financial companies and as investors examined a deal for Wachovia Corp.
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