Video: Keiser Report №69 – Markets! Finance! Scandal!

(RussiaToday) – This time Max Keiser and co-host, Stacy Herbert, look at the scandals of swindled nuns, bounty hunters for small time fraud and Irish banks in a ‘league of their own.’ In the second half of the show, Max talks to economist, Shir Hever of the Alternative Information Center, about the Boycott-Divestment-Sanctions movement and about the economics of occupation.

Video: Consumer Democracy?

(LeftLibertarian) – The point of this video is not to attack markets per se but how they are perceived as being democratic.

Economy

(InternationalForecaster) – Central Banking in Crisis: Some Twenty Countries on the Verge of Insolvency – Bob Chapman

Market Volatility as the Debt Implosion Continues Read More Here

(GlobalResearch) – Financial Crisis Conducive to Instability of Asia’s Currency Markets: South Korea Imposes Currency Controls – Read More Here

(GlobalResearch) – “Dying Detroit”:: The Impacts of Globalization. Social Decay and Destruction of an Entire Urban Area – Read More Here

(GlobalResearch) – The Gold Market: When Will the SEC Prosecute for Market Rigging? – Read More Here

(Telegraph) – Lord Rothschild fund joins World Gold Council to put £12.5m into BullionVault

Tim Levene of Augmentum Capital, a fund backed by Lord Rothschild’s RIT Capital Partners, said the investment was not a bet on the gold price but on “the future growth of the BullionVault platform”, which stores physical gold for private clients in London, New York and Zurich. RIT currently has 9pc of its assets in physical gold. Read More Here

(FoxBusiness) – New Home Sales Fall 33% in May to Record Low

The U.S. housing market is in crisis.

A day after a disappointing read on the market for existing homes, the government said Wednesday that sales of new homes fell to their lowest level on record last month, a potentially crushing blow for an economy that is still looking for its footing. Read More Here

(PragCap) – Russell: This is One of the Largest Tops in Stock Market History

Mr. Russell thinks we might be on the verge of a terrible collapse:
“We’re now in the process of building one of the largest tops in stock market history. The result, I think, will be the most disastrous bear market since the ‘30s, and maybe worse. Read More Here

(VoiceInTheWilderness) – Is America Destined to Starve?

Americans are no longer prepared to take care of their basic needs without the involvement of the federal government. The majority of Americans have relinquished the responsibility of their future survival to bureaucrats. How and when did we, as an intelligent and formerly self-reliant populace, decide to become wards of the state? Read More Here

REPOST – (LATimes) – Video: California city to lay off all city employees, dismantle Police Department – Video Link Here

(Reuters) – World’s rich got richer amid ’09 recession: report

A stock market rebound helped the world’s ranks of millionaires climb 17 percent to 10 million, while their collective wealth surged 19 percent to $39 trillion, nearly recouping losses from the financial crisis, according to the latest Merrill Lynch-Capgemini world wealth report. Read More Here

(DealBook) – Despite U.S. Plea, European Bank Pushes Austerity – Read More Here

Climategate

(RoySpencer) – The Global Warming Inquisition Has Begun – Read More Here

(FinancialTimes) – Obama to push climate change on back of BP spill

Barack Obama will on Wednesday make a renewed push to spur the US Senate into action on climate change, saying the BP oil spill underlines the urgency for the country to lessen its dependence on fossil fuels. Read More Here

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.

Understanding Derivatives In Layman Terms

An Easily Understandable Explanation of Derivative Markets.

Heidi is the proprietor of a bar in Detroit. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later. She keeps track of the drinks consumed in a ledger.

Video: Keiser Report №31 – Markets! Finance! Scandal!

This time Max Keiser and co-host, Stacy Herbert, look at the scandals of Tony “No Blood for Oil” Blair lying about selling the UK gold supply on “technical advice of the Bank of England;” a millionaire tramp in Sweden and a casino that refuses to pay in America; and, finally, the Irish ‘Bad Bank’ and the ‘Celtic Chernobyl.’ Max also talks to William ‘BJ’ Lawson, who is running for Congress in North Carolina’s 4th District, about Ron Paul Republicans, the Federal Reserve setting fiscal policy and defining President Obama.

Video: Keiser Report №28 – Markets! Finance! Scandal!

(RussiaToday) – This time Max Keiser and co-host Stacy Herbert look at the scandals of the Nobel Prize winner that threatens the world; the US paying more than Buffett, and the big ambitions behind 12,000 calories per day. Keiser also talks to Helen Skopis of Athens International Radio about the Greek debt crisis.

Economy

(Money&Markets) – More Retirement Disasters

I can’t believe the number of frightening retirement stories I’ve seen in just the last week. They suggest that the vast majority of our country’s citizens are completely unprepared for life after work. They point to a governmental backup system that is getting ever more desperate. And they suggest that other traditional sources of retirement income — such as corporate pensions — are in grave danger of imploding. Read More Here

(LATimes) – More homeowners are opting for ‘strategic defaults’

Underwater on their mortgages and angry at banks, more borrowers are choosing to hand over the keys, even if they can afford the payments. Read More Here

(GoldEagle) – Through a Looking Glass Darkly

“We are spending more money than we have ever spent before, and it does not work. After eight years, we have just as much unemployment as when we started and an enormous debt to boot.”
-US Treasury Secretary, Henry Morgenthau, May, 1939
I forget who first said it, but it was, “A $ million here a $ million there, pretty soon we are talking about real money.” It took approximately 20 years before it became “A $ billion here a $ billion there…..” and it wasn’t very long before “A $ billion … “became “A $100 billion…” Now, virtually overnight while no one was watching, it’s become “A $ trillion here a $ trillion there…” Are we still talking about real money? And are we still not looking? We are certainly not trying to do anything about it. Read More Here

(NYTimes) – Junk Bond Avalanche Looms for Credit Markets

When the Mayans envisioned the world coming to an end in 2012 — at least in the Hollywood telling — they didn’t count junk bonds among the perils that would lead to worldwide disaster, Nelson D. Schwartz writes in The New York Times. Read More Here

(MSNBC) – Yes, we do still make things in America

U.S. factories keep churning out goods, but jobs disappear by the millions Read More Here

(EconPolicyJournal) – The New U.S. Government Off Balance Sheet Scam

Senator Chris Dodd, who is not seeking re-election, has decided to treat the American people to one more scam, probably because scamming is all he knows how to do Read More Here

(SFGate) – Pink slips sent to thousands of Calif. teachers

California’s budget crisis could cost nearly 22,000 teachers their jobs this year. Read More Here

Video: Keiser Report №22 – Markets! Finance! Scandal!

This time Max Keiser and co-host, Stacy Herbert, look at the scandals behind: ‘the owner of Great Britain’ bouncing a $54 million check for a pile of dirt in the Persian Gulf; a currency speculator in Monaco moving currency markets with an ‘accidental Jim Rogers press release’ while Colonel Gaddafi calls for jihad against Switzerland and receives zero market impact; and Alan Greenspan wins major award for causing up global financial markets to explode. Keiser also talks to David DeGraw about his new book, “The Economic Elite versus the People of the United States of America.”

Real, Uglier American Unemployment

(GlobalResearch) – Can you trust national averages? As bad as the jobless data you hear are, you have not been told the whole truth. If you think the terrible impact of America ’s Great Recession is shown by an official unemployment rate of about 10 percent, think again.

Economic Crisis: The Sovereign Debt Bubble – Bob Chapman

(GlobalResearch) – When the next census is over America will probably have 320 million people. The number of Americans 50 years ago was about 184 million. Our budget then was about $100 billion. Today it is supposed to be $3.8 trillion. We call that spending gone wild. Government control of the economy has become bigger and all consuming at what will prove to be an unsustainable pace. Markets are telling us the world has serious sovereign debt problems as witnessed recently with the financial debacles in Ireland and now Greece with others to follow.

Video: True free markets are recovery

Deutsche Bank chairman Josef Ackermann said “we will all be losers” if governments clamp down on markets too zealously: “The pendulum might have swung too far,” Ackermann warned. “Consistent and global rules, and a level playing field is absolutely key to the global economy.”

Video: US Senate: Banksters the new Enron; manipulating markets to add trillions to consumer prices

(Examiner) – “Ironically, hedge funds trading oil are not doing anything very different than the large investment banks such as Goldman Sachs, Bank of America, or Morgan Stanley already do. The proprietary trading desks of these and other large investment banks are actually ‘hedge funds in drag,’ just as Enron was.” — Peter C. Fusaro and Gary M. Vasey, Hedge Funds Change Energy Trading

Leaked G20 Documents Shed Light on Global Carbon Tax

As The Corbett Report reported yesterday, veteran Bilderberg researcher Daniel Estulin has obtained documents from inside last week’s G20 Finance Minister’s meeting in St. Andrews, Scotland. The documents—including attendee lists, drafts of the conference’s communique and handwritten notes with deatils about who said what during deliberations—were snuck out of the conference by Estulin’s sources despite security measures which were high “even by Bilderberg standards.” The documents can be viewed at BilderbergBook.com and have been  mirrored here in PDF format.

Why is the Stock Market Rising While Unemployment is Soaring?

(WashingtonsBlog) – Daniel Gross points out that part of the reason that the American stock markets are going up even though unemployment is rising and the real economy suffering is because multinational corporations headquartered in the U.S. are experiencing strong sales abroad:

Roubini: Global Markets Could Soon Crash

(Newsmax) – The global markets are at risk of crashing when the dollar rebounds, says economist Nouriel Roubini.

Facing A Total Breakdown Of Financial Markets – Bob Chapman

Early Friday morning, state and federal agents walked into the Bank of Elmwood and closed the failed 49-year-old independent bank after a year of struggling to improve a bleak financial situation, officials announced Friday.

International day of climate change funded by…..

Anytime there are world wide organized demonstrations urging action on global warming/climate change, my first question is who funds them and who really benefits.

U.S. Stock Markets Disconnected from Reality

(C4L) – Earlier this year, I predicted that the 2009 rally in U.S. stocks could bring the Dow Jones Index as high as 10,000. It looks like that level has been achieved. If, at this point, the index reverses course, I would have made a fairly good prediction.

US Dollar Crashes Through Major Support Level

It is looking more and more like the current Administration has set on a course of deliberate destruction of the US Dollar and with it, the economic might that the US has enjoyed since post World War II.

MSM: £14billion: That’s the record amount Goldman Sachs staff will get in pay and bonuses

(DailyMail) – City bank Goldman Sachs is expected to confirm tomorrow that bonuses will smash all records in 2009, just a year after the Government rescued the financial system from oblivion.

MSM: Dollar tumbles on report of its demise

(Independent) – The price of gold is surging on world markets amid fears that the old economic order based on the supremacy of the US dollar could be breaking down.

Dollar Hysteria – Mike Whitney

Robert Fisk has set off a firestorm with his unsettling narrative which appeared in Tuesday’s UK Independent titled, “The Demise of the Dollar”. The article went viral overnight spreading to every musty corner of the Internet and sending gold skyrocketing to $1,026 per oz.

MSM: The demise of the dollar

(Independent) – In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading

MSM: G-7 finance ministers warn recovery ‘fragile’

(Google) – Finance ministers from the Group of Seven rich countries warned the recovery remains “fragile” and tried to talk up the U.S. dollar amid fears it could fall farther and disrupt the global economy.

Video: Peter Schiff on the Economy in Philadelphia

Stock Broker & Market Seer Peter Schiff comes to Philadelphia to address the U.S. Government spending, his Senate run, and more.

World Bank and IMF join global attack on the dollar

In my emails to you over the past couple of weeks, I’ve shown you why Washington has no choice but to devalue the dollar — and how global leaders and even the United Nations have joined the attack on the greenback by demanding it be replaced as the world’s reserve currency.

The US Financial Structure is Doomed. Monetization, Crisis of Retail Trade, Decline of the Dollar

(BobChapman) – Nearly half the nation’s 25 biggest retail chains expect to hire fewer holiday workers this season than they did last year, another sign that retailers aren’t counting on recession-strained shoppers to relax the tight grip on their pocketbooks this year.

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.

Federal Reserve Admits Hiding Gold Swap Arrangements

The Federal Reserve System has disclosed to the Gold Anti-Trust Action Committee Inc. that it has gold swap arrangements with foreign banks that it does not want the public to know about.

Video: Celente – Revolution next for U.S.

(September 14th, 2009) – Gerald Celente – the most trusted name in trends – sits down for an exclusive interview with RT’s Anastasia Churkina to talk about what the future holds for America during and after the Great Recession, gives advice to Obama, and forecasts the unexpected.

Video: Obama Pushes Banker Takeover Plan at Federal Hall

Obama delivered one of his famous teleprompter speeches today at Federal Hall in New York on the one-year anniversary of the Lehman Brothers scam. It was a cynical move, considering Obama spoke from the building where the country’s founders once argued over how much the government should control the national economy.

MSM: Insiders sell like there’s no tomorrow

(CNN) – Corporate officers and directors were buying stock when the market hit bottom. What does it say that they’re selling now?

Derivatives Collapse and the China Gold and Silver Markets

(BobChapman) – In 2009, China opened up various exchanges for investment in both gold and silver to the Chinese public, which previously was not allowed to invest in gold and silver. The opening of silver exchanges to the Chinese public is the most recent development and was accompanied by a ban on silver exports. The Chinese government is actively touting both gold and silver as an investment to the Chinese public, and with good reason.

How Bad Will It Get? – Mike Whitney

The U.S. economy is at the beginning of a protracted period of adjustment. The sharp decline in business activity, which began in the summer of 2007, has moderated slightly, but there are few indications that growth will return to pre-crisis levels.

Study Says World’s Stocks Controlled by Select Few

Companies from US, UK and Australia have the most concentrated financial power.

World’s Stocks Controlled by Select Few

A recent analysis of the 2007 financial markets of 48 countries has revealed that the world’s finances are in the hands of just a few mutual funds, banks, and corporations. This is the first clear picture of the global concentration of financial power, and point out the worldwide financial system’s vulnerability as it stood on the brink of the current economic crisis.

Urgency of the American Monetary Act

On Thursday, April 23 2009, Stephen Zarlenga, director of the American Monetary Institute (AMI), delivered two briefings on Capitol Hill on the American Monetary Act that AMI drafted and that may be introduced as legislation during the current congressional session. This single measure has the potential of bringing together the tens of millions of people who have realized it’s our bank-run debt-based monetary system that lies at the center of the financial rot that is destroying our republic and its values.

MSM: Fed Faces Its Zimbabwe Moment

(Forbes) – Is the central bank confident enough about the recovery to take the economy off life support?

Video: Trader on Bloomberg says markets are manipulated and volumes ‘ficticious’

(6-30-09) – Joe Saluzzi talks on Bloomberg and explains how machine trading is distorting the financial markets.