Full story here from ZeroHedge. And, if you’re up to it, a quick language lesson.
by Egon von Greyerz – Matterhorn Asset Management
No, there will be no double dip. It will be a lot worse. The world economy will soon go into an accelerated and precipitous decline which will make the 2007 to early 2009 downturn [...]
Full story here from Janet Tavakoli.
Arianna Huffington’s new book, Third World America: How Our Politicians are Abandoning the Middle Class and Betraying the American Dream, paints a grim picture of the State of the Union:
“Every day, Americans, faced with layoffs and tough economic times, are forced to use their credit cards to pay for [...]
Full story here from ZeroHedge.
When Fed Chairman Ben Bernanke admits to seeing an “unusually uncertain” economy ahead, it’s pretty terrifying to imagine what he’s really thinking. What John Williams envisions—and he’s by no means looking to the far horizon—is a systemic collapse, a hyperinflationary great depression and the cessation of normal commerce. Despite that bleak [...]
Full story here from Jim Willie.
A theme of frequent mention has been the Paradigm Shift in the financial world. It refers more specifically to the global shift away from a USDollar-centric alignment. The major industrialized nations of the world, along with major energy producers, struggle to develop a monetary and commercial system that is not [...]
Full story here from ZeroHedge. Hitler loses his ShamWows here.
Raoul Pal, who retired from managing money at the ripe age of 36, after co-managing GLG’s Global Macro Fund, and the hedge fund sales business in equities and equity derivatives at Goldman among others, and has been publishing the attached Global Macro Report since, has just [...]
Full story here from Mike Whitney.
The housing depression will last for a decade or more. This is by design. The Fed has been working with the banks to withhold inventory so prices do not fall too fast or too far. That way the banks can manage their write-downs without slipping into insolvency. But what’s good [...]
Full story here from Jim Willie, The Golden Jackass, my favorite curmudgeon of precious metals and erstwhile detractor of fiat funniness.
A significant feature of fiat money systems is the privilege for the custodian to commit fraud, big fraud, gargantuan fraud, even counterfeit. Fannie Mae might function as the clearinghouse for numerous massive role programs with [...]
This charming missive courtesy of Jesse’s Cafe Americain. Random video interlude: what the bailout really looks like;
The Federal Reserve and its friends in the European central banks, the IMF, and BIS are running a bluff against the developing nations and the rest of the world, and to their shame, the majority of their own people. [...]
Full story here from Webster Tarpley.
The Obama-Dodd-Frank financial regulation bill, a miserable excuse for real Wall Street reform, is now about to gain final approval in the Senate. This wretched bill is now supported by the New England liberal (meaning Wall Street) Republican clique including Olympia Snow, Susan Collins, and Scott Brown, who are joined [...]
Full story here from Jesse’s Cafe Americain.
America must decide what type of country it wishes to be, and then conform public and foreign policy to those ends, and not the other way around. Politicians have no right to subjugate the constitutional process of government to any foreign organization.
Secrecy, except in very select military matters, is [...]