EDITOR’S COMMENT: As you know, one of our primary goals of this blog is to make you aware of news events that are taking place, but are not being emphasized or featured by the mainstream media. Also, another major goal is to unmask the half-truths and distortions of information that you are receiving.
Certainly, by now you are aware of the civil unrest that is growing in Tunisia and disrupting Egypt. Some of Read More »
Dangerous Debts: Holtz-Eakin “Infinitely” Concerned U.S. Is Next Japan – Yahoo
Commentary: Cairo Contagion, Riots Expose Regional Fragility That Worries Oil Traders – MarketWatch
Low-Tax States Attract Budget-Conscious Americans – Reuters
Rand and Ron Paul Introduce Twin Fed-Audit Bills – Wall Street Journal Finally!!
As you know, we have been highlighting the possibilities of food riots around the world, as a result of the current food shortages, as well as the accompanying high food prices. Well, apparently it didn’t take long for this spark to ignite things in a major way.
As the London Telegraph comments:
Political risk has returned with a vengeance. The first food revolutions of our Malthusian era have exposed the weak grip Read More »
Johnson: How the State Budget Deficits May Solve the National Debt Problem – CNBC
Moody’s Says Time Frame for U.S. Rating Outlook Change Shortens – Bloomberg
Boehner Says U.S. Default Would Be `Disaster,’ Isn’t `Even on the Table’ - Bloomberg
States in Crisis: State Pension + Debt = Big Numbers – CNN Money
Cairo After Dark: The Long, Scary Wait for A Conclusion – TIME
By Bill Bonner for The Daily Reckoning
Let’s throw out a few numbers. Numbers lie. The 5 is crooked. The 8 goes nowhere. The 0 is nothing, whatever that is.
So, let’s throw them out.
15, 34, 92, 98888, 21…
Throw them all out.
Or, how about this…?
$14. That’s how much gold fell the other day. Why is gold going down? As expected, the Great Correction continues. Domestic consumer price inflation is still subdued. Speculators are getting Read More »
By The Economic Collapse
Barack Obama’s State of the Union address sure sounded good, didn’t it? There were lots of solemn promises, lots of stuff about America’s “bright future” and a line about how we are now facing this generation’s “Sputnik moment” that will surely make headlines all over the globe. But we all knew that Barack Obama could give a good speech. That has never been the issue. What the American people Read More »
Social Security Fund Will Be Drained by 2037 - AP/Yahoo
David Stockman: Obama Oblivious to Deficit – Newsmax
Debt Crisis Could Tear Up Europe, Says Soros - Daily Mail UK
A Missed Opportunity On the Budget – Washington Post
States Should Have the Option of Bankruptcy Protection – Jeb Bush/LA Times
By James West
With technical indicators today suggesting gold could dip as low as US$1,300 an ounce in the current corrective phase, bears and bugs are deploying opinions in-line with their interests. The drop by nearly $100 in ten weeks is nothing new, nor is the strident tone growing in both camps. Its all consistent with the bull market in gold and silver that has been underway for the last decade.
In a pattern Read More »
Obama’s Oxymoron: Government Innovation – SF Chronicle Great insight!
A Presidency to Nowhere: High-Speed Rail and Solar Shingles? – Wall Street Journal
Euro Woes Threat to World Growth: Roubini - MarketWatch
Barack Obama, Cabinet Hit Road to Sell State of the Union Message – Politico
Moody’s to Factor Pension Gaps in States’ Ratings – NY Times
By Ron Robins, Founder & Analyst – Investing for the Soul
There are many paths forward for the global monetary system, but the hitherto unthinkable is becoming debatable: a global central bank and currency. However, despite the recent financial distress and potential for further financial calamity, the creation of such a new institution or currency is far off. But would a global central bank with possibly its own currency help bring monetary solace, Read More »
