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Articles Posted by Razzz42

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  • Solar industry faces subsidy cuts in Europe (but zots are still delivered without gov't subsidy)

    04/29/2012 6:55:17 PM PDT · by Razzz42 · 12 replies
    reason.com ^ | March 18, 2012 | Michael Birnbaum and Anthony Faiola
    Hanover, Germany — Shiny black solar panels are as common a sight as baroque church spires in this industrial hub, thanks to government subsidies that have helped make Germany a world leader in solar technology. Now, sudden subsidy cuts here and elsewhere in Europe have thrown the industry into crisis just short of its ultimate goal: a price to generate solar energy that is no higher than fossil-fuel counterparts. Across Europe, governments are slashing public spending to cut their deficits, and green-energy subsidies are a target, too, even as solar power accelerates in the United States, helped by sympathetic federal...
  • Gundersen on KPBS Discusses Developing San Onofre Situation [Video]

    04/29/2012 3:10:31 PM PDT · by Razzz42 · 26 replies
    KPBS ^ | April 27, 2012 | Peggy Pico interviews Arnie Gundersen
    About this video A leak discovered earlier this year in a steam generator pipe at the San Onofre nuclear plant has lead to two unanimous City Council decisions to send letters of concern to the NRC. Fairewind's Arnie Gundersen presented at both council meetings. In this video Gundersen talks with KPBS's Peggy Pico about the steam generator leak, the city council decisions and the licensing status of San Onofre.
  • Home Owners Across the Nation Sue All Bank Servicers and Their Offshore Havens

    04/27/2012 4:56:50 PM PDT · by Razzz42 · 17 replies
    Spire Law Group, LLP ^ | April 23, 2012 | press release
    Largest International Money Laundering Network in History Formed During Obama Administration; U.S. Banks' Theft of Home Owners' Money Laundered Through Cayman Islands, Isle of Man and Numerous Offshore-Based Affiliates NEW YORK, NY, Apr 23, 2012 (MARKETWIRE via COMTEX) -- In a lawsuit alleged to involve the largest money laundering network in United States history, Spire Law Group, LLP -- on behalf of home owners across the Country -- has filed a mass tort action in the Supreme Court of New York, County of Kings. Home owners across the country have sued every major bank servicer and their subsidiaries -- formed...
  • Looming Crisis: Officials Close Gulf Waters to Shrimping As Reports of Deformed Seafood Intensify

    04/26/2012 10:36:15 PM PDT · by Razzz42 · 58 replies
    stuarthsmith.com ^ | April 23, 2012 | Stuart H. Smith
    larmed by widespread reports of visibly sick, deformed seafood coming out of the Gulf of Mexico, state officials have closed area waters to shrimping this morning (April 23). The waters will be closed indefinitely as scientists run tests in an effort to get a handle on a situation that is fast becoming a full-blown crisis on the Gulf Coast. The closures – including all waters in the Mississippi Sound, Mobile Bay, areas of Bon Secour, Wolf Bay and Little Lagoon – mark the first official step in responding to increasingly urgent reports from fishermen and scientists of grotesquely disfigured seafood...
  • Audit Confirms EPA Radiation Monitors Broken During Fukushima Crisis

    04/24/2012 8:49:35 PM PDT · by Razzz42 · 12 replies
    ENENews ^ | April 23, 2012 | By Douglas P. Guarino
    WASHINGTON – An internal audit has confirmed observers’ concerns that many of the U.S. Environmental Protection Agency’s radiation monitors were out of service at the height of the 2011 Fukushima power plant meltdown in Japan, a finding one critic said raises “serious questions” about the federal government’s ability to respond to nuclear emergencies and to alert the public of their consequences (see GSN, Dec. 21, 2011). The April 19 report by the EPA Inspector General’s Office also casts further doubt on the agency’s already controversial claims that radiation from Fukushima did not pose any public health threat on U.S. soil,...
  • Who Is Really Behind The Curtain?

    04/22/2012 11:33:05 AM PDT · by Razzz42 · 16 replies
    ArmstrongEconomics.com ^ | April 22, 2012 | Martin Armstrong
    I was speaking with some people on Capitol Hill who are becoming alarmed at what is starting to appear to be a hidden oligarchy behind eliminating all constitutional rights and converting the United States into the new East Germany. The authority to indefinitely detain American citizens without any trial, lawyers, charges, or anything as they did to me until the Supreme Court told the government to respond, passed with flying colors. Obama said of he would never use it against Americans. Then why sign it? Several states are now taking matters into their own hands. Virginia has become the first...
  • Happy Tax Day Welcome To America - The Land not of the Free – but of Economic Slaves

    04/18/2012 4:21:30 PM PDT · by Razzz42 · 4 replies
    Armstrong Economics ^ | April 17th, 2012 | Martin Armstrong
    I have been warning that as we approach 2016, government are so desperate for cash, they will destroy everything we once cherished about Democracy and Freedom. There is a secret bill winding its way through Congress. The way Congress operates is so corrupt it is just off the charts. Senator Barbara Boxer introduced the "Moving Ahead for Progress in the 21st Century Act" (or "MAP-21" as it's now called), to reauthorize funds for federal highway and transportation programs. Then all sort of tiny provisions are inserted so the press only talks about the headline, not all the countless provisions inside...
  • Disaster zone robot competition announced by Pentagon

    04/18/2012 12:14:27 AM PDT · by Razzz42 · 3 replies
    Darpa ^ | 10 April 2012 | bbc co
    A competition to develop next-generation robots capable of saving lives in disaster zones has been unveiled by the Pentagon's advanced research laboratory. Darpa says it wants "adaptable robots with the ability to use human tools - from hand tools to vehicles". It plans to hold a series of emergency response physical challenges. A $2m (£1.3m) prize is being offered to the team with the best technology. The competition begins in October. The agency says it hopes software engineers, video game developers and other experts from fields outside robotics will take part "to increase the diversity of innovative solutions". Radiation-resistant
  • The US Military Stocking Up On Anti-Radiation Pills In Preparation for Nuclear Fallout

    04/15/2012 12:16:10 PM PDT · by Razzz42 · 36 replies
    Signs of the Times ^ | April 15, 2012 | sott.net
    The US Military is currently seeking a large amount of potassium iodide, this according to a listing on the FBO.gov website by the Defense Logistics Agency. In the listing it is made clear that they want to be ready in the event of nuclear fallout which has lead many to speculate that this could be in response to the Fukushima nuclear disaster or perhaps in anticipation for an attack on an active Iranian nuclear facility. The DLA is apparently looking for upwards of 400,000 dollars worth of the thyroid protecting tablets at a time when many government officials have openly...
  • PAPER MONEY WAS DECLARED UNCONSTITUTIONAL & SO THEY MANIPULATED THE SUPREME COURT...

    04/15/2012 11:27:40 AM PDT · by Razzz42 · 5 replies
    martinarmstrong.org ^ | April 12, 2012 | Martin Armstrong
    One of the fascinating aspects of all the controversy about paper money v hard money, has been the lack of knowledge of just how did it come about? Oh we can go back to paper money being a receipt from bullion dealers offering money storage, and we can go the American Colonial Period and point to the drastic shortage of coin that necessitated paper money issues. But those stories are fairly common knowledge. What isn’t talked about even in school is the manipulation of the Supreme Court AFTER it declared that PAPER MONEY WAS UNCONSTITUTIONAL!... ...The recordings of the debates...
  • Plans for Fukushima Daiichi Reactor 4 cover revealed on same day TEPCO applied for 1 trillion yen

    04/12/2012 9:38:02 PM PDT · by Razzz42 · 11 replies
    http://enformable.com ^ | April 12, 2012 | Lucas W Hixson
    In June 2011, Arnie Gundersen of Fairewinds Associates was featured in a podcast hosted by Chris Martenson. The show updated listeners as to some of the latest events surrounding Reactor 4 and groundwater monitoring concerns, I will only highlight a few of the details, the entire podcast can be found here. Chris Martenson: What can they really do beyond just keep trying to dump water in there and keep their fingers crossed? Arnie Gundersen: If you put too much water in these reactors they get heavy, and they are not designed to sway when there is heavy – tens of...
  • Keiser Report Episode 271 with Jim Rickards (Currency Wars author)[Video]

    04/10/2012 10:43:29 AM PDT · by Razzz42
    rt.com ^ | April 8, 2012 | Max Keiser talks to Jim Rickards
    In the second half of the show, Max talks to Jim Rickards about a BRICS currency, gold and the fog of currency war.
  • Nonfarm payrolls should fall by 377,000 (But they won’t)

    04/05/2012 4:42:57 PM PDT · by Razzz42 · 1 replies
    wallstreetexaminer.com ^ | April 5, 2012 | By Lee Adler
    Let’s play “guess the nonfarm payrolls.” After all, our guess is as good as the conomists’, whose forecasts nicely fit a random distribution of hits and misses month in and month out. My guess? The headline non farm payrolls number would be reported as a drop of 337,000 tomorrow if you believe the withholding tax data for the period covered by the survey. That would be a huge miss versus the consensus estimate of a gain of 201,000 according to Hizzoner the Mayor’s tout sheet. Rupert Hacker Murdoch’s rags are even more bullish, posting an expected gain of 210,000. The...
  • Untouchable Pensions May Be Tested in California

    04/02/2012 7:59:07 PM PDT · by Razzz42 · 22 replies
    New York Times - Business Day ^ | March 16, 2012 | By MARY WILLIAMS WALSH
    When the city manager of troubled Stockton, Calif., had to tell city council members why it was on track to become the biggest American city yet to go bankrupt, it took hours to get through the list. There was the free health care for retirees, the unpaid parking tickets, the revenue bonds without enough revenue to pay them. On it went, a grim drumbeat of practically every fiscal malady imaginable, except an obvious one: municipal pensions. Stockton is spending some $30 million a year to pay for them, but it has less than 70 cents set aside for every dollar...
  • This Week's Movie Selection...Mamma Mia! 2008 (Musical)

    03/31/2012 11:28:26 PM PDT · by Razzz42 · 20 replies
    Wiki ^ | 3.31.2012 | Self
    The casting of actors not noted for their singing abilities led to some mixed reviews. Variety stated that "some stars, especially the bouncy and rejuvenated Streep, seem better suited for musical comedy than others, including Brosnan and Skarsgård."[21] Brosnan, especially, was savaged by many critics: his singing was compared to "a water buffalo" (New York Magazine),[22] "a donkey braying" (The Philadelphia Inquirer)[23] and "a wounded raccoon" (The Miami Herald),[24] and Matt Brunson of Creative Loafing Charlotte said he "looks physically pained choking out the lyrics, as if he's being subjected to a prostate exam just outside of the camera's eye."[25]
  • Exelon's 'Nuclear Guy': No New Nukes

    03/31/2012 9:01:03 PM PDT · by Razzz42 · 11 replies
    forbes.com ^ | 3/29/2012 | Jeff McMahon
    Speaking to about 5o people at the University of Chicago‘s Harris School of Public Policy, Rowe presented a series of slides comparing the economic viability of various energy portfolios, including the “King Coal” scenario favored by Republicans, the “Big Wind” scenario favored by Democrats, and a “Playing Favorites” scenario that shuffles and selects from various energy sources. All were trumped by a portfolio that relies heavily on America’s sudden abundance of natural gas, which has flooded the market since the boom in hydraulic fracturing of shale gas. Natural gas futures dropped to a 10-year low today—$2.15 for 1,000 cubic feet—on...
  • Martin Armstrong on the Sovereign Debt Crisis (Q&A Interview)

    03/30/2012 8:19:51 PM PDT · by Razzz42
    safehaven.com ^ | Thu, Mar 29, 2012 | Ron Hera questions Martin Armstrong
    ...HRN: Is there anything that policymakers can do to bring companies back to the U.S.? Martin Armstrong: One of the primary things is that the tax rate should be cast in stone and it should not change for every election. That is why corporate cash is at record highs. Why should a company start to hire people when all you hear is "we're going to get the rich", "we're going to get the corporations" and they're going to have to pay more. This is why corporate cash is at an all time high. Why should you start hiring people now...
  • Zakaria: Incarceration nation

    03/29/2012 7:52:57 PM PDT · by Razzz42 · 35 replies
    cnn.com/TIME Magazine ^ | March 22nd, 2012 | By Fareed Zakaria
    “Mass incarceration on a scale almost unexampled in human history is a fundamental fact of our country today,” writes the New Yorker’s Adam Gopnik. “Over all, there are now more people under ‘correctional supervision’ in America - more than 6 million - than were in the Gulag Archipelago under Stalin at its height.” Is this hyperbole? Here are the facts. The U.S. has 760 prisoners per 100,000 citizens. That’s not just many more than in most other developed countries but seven to 10 times as many. Japan has 63 per 100,000, Germany has 90, France has 96, South Korea has...
  • Feds: Calif. nuke plant to remain shut for probe

    03/27/2012 10:15:47 PM PDT · by Razzz42 · 36 replies
    democratherald.com ^ | March 27th, 2012 | Associated Press
    The troubled San Onofre nuclear plant in Southern California will remain shut down while investigators try to solve a mystery inside its massive generators _ the rapid decay of tubing that carries radioactive water, federal regulators said Tuesday. The announcement that formalized an agreement with operator Southern California Edison came on the same day that a report commissioned by an environmental group claimed the utility misled the Nuclear Regulatory Commission about design changes that are the likely culprit in excessive tube wear. A four-page letter to Edison from NRC Regional Administrator Elmo E. Collins laid out a series of steps...
  • Support grows for abolishing property tax in ND

    03/27/2012 7:48:32 PM PDT · by Razzz42 · 9 replies
    Minnesota Public Radio ^ | November 25, 2011 | by Dan Gunderson
    Moorhead, Minn. — Many Minnesota residents expect a bigger bill when their property tax statements arrive this month. But across the border, North Dakota residents are considering a proposal to make the state the first in the nation to abolish property taxes. Supporters gathered more than 28,000 signatures to put that question on the ballot next June. Backers of the measure say there's plenty of revenue to go around without property taxes. But local government officials say eliminating property tax would create chaos. That worries officials like Terry Traynor, assistant director of the North Dakota Association of Counties. "I'm fearful...
  • U.S. House members and their families benefit from congressional service, says new report

    03/26/2012 11:32:18 PM PDT · by Razzz42 · 7 replies · 113+ views
    nola.com ^ | Friday, March 23, 2012 | By Bruce Alpert
    "...The report shows lawmakers still haven't learned it is wrong to trade on their positions as elected leaders to benefit themselves and their families," said Melanie Sloan, CREW's executive director. "Conduct like this reinforces the widely held view that members of Congress are more interested in enriching themselves than in public service." The report found that 82 members - 40 Democrats and 42 Republicans - paid family members through their congressional offices, campaign committees and political action committees. It said 44 members - 20 Democrats and 24 Republicans - have family members who lobby or are employed in government affairs...
  • Down-Under Turning Upside-Down

    03/26/2012 12:08:53 PM PDT · by Razzz42 · 3 replies
    Armstrong Economics ^ | March 25th, 2012 | Martin Armstrong
    One of the cyclical trends that materializes with economic declines of this nature is that whoever is in power is typically thrown out with the bath water. Australia is turning center-right and the issues are tax grabs, illegal aliens, and the all too familiar political promise – CHANGE! In US Politics, every election since 1900 has promised change. Of course the only change that takes place is boosting up the political system. In Australia, the Liberal National Party (LNP) is a political party in Queensland, Australia. It was formed on 26 July 2008 by the merger of the Queensland divisions...
  • SEC Supports Goldman Sachs v Shareholders

    03/19/2012 11:11:22 AM PDT · by Razzz42 · 2 replies · 1+ views
    Armstrong Economics ^ | March 18, 2012 | Martin Armstrong
    Anyone who has traded with Goldman Sachs most likely knows it is always an adversarial relationship. Banks that trade do so for themselves and employees are compensated according to the profits made on the desk. That is the nature of the business. However, Goldman Sachs is primarily a trader. That is where the profits have come from not the rudimentary workings of banking. So to some extent those who complain about employee compensation should invest in some other business where talent is not rewarded. That said, there is a substantial difference between making a normal spread and carrying a book...
  • Anatomy of a Debt Crisis

    03/18/2012 9:36:57 PM PDT · by Razzz42 · 10 replies · 1+ views
    Armstrong Economics ^ | March 18, 2012 | Martin Armstrong
    "...I have hinted at in previous writings that the only politician in history who has ever in fact understood the nature of a Debt Crisis and came up with practical solutions, was Julius Caesar (100-44 BC). Nevertheless, there was intense political corruption, and those who have been mistakenly hailed as hero’s against tyranny such as Marcus Porcius Cato (or Cato the Younger) (95-46 BC) and Marcus Tullius Cicero (106-43 BC) have taken credit that they do not deserve and have confused countless generations attempting to present Caesar as a dictator lusting for personal power. To set the record straight, a...
  • ‘SWIFT’ Reaction: Iran May Block Oil Exports

    03/18/2012 8:38:45 PM PDT · by Razzz42 · 17 replies
    israelnationalnews.com ^ | 3/18/2012 | By Tzvi Ben Gedalyahu
    Iran may impose a blockade on oil exports that threaten the world’s economies as a reaction to new unprecedented sanctions, says its former intelligence minister Ali Fallahian. Belgium’s Society for Worldwide Interbank Financial Telecommunication (SWIFT), which handles most international bank transfers, has eliminated Iran from its services. The move is a “direct result of international and multilateral action to intensify financial sanctions against Iran," said SWIFT CEO Lazaro Campos. The embargo on Iran took effect Saturday and reduces Iran’s ability to use a secure network to receive payments. It also will affect Iranians wanting to receive money from relatives outside...
  • Eurocrats Carry On Up The Khyber, Determined and Delusional, says Farage (Spoof video edited in)

    03/15/2012 7:40:26 PM PDT · by Razzz42 · 3 replies
    YouTube fundraising account for EU Indpendence Party ^ | Mar 14, 2012 | Uploaded by europarl
    European Parliament, Strasbourg, 13 March 2012 (YouTube video)
  • Happy Pi Day

    03/15/2012 9:15:19 AM PDT · by Razzz42 · 8 replies
    Armstrong Economics ^ | March 14, 2012 | By Martin Armstrong
    Danielle, who is my right hand assistant that manages my life, pointed out to me that born on today which is called “Pi Day” in most math classes was none other than Albert Einstein (March 14th, 1879 – April 18th, 1955). While he taught in Princeton, I was far too young to have ever met him. Although his IQ score was 160, there are many others who score much higher in different fields. Yet the key to Einstein’s mind lies not in his theory of Relativity, but in his Five Maxims for Achieving Excellence. 1. Imagination is more important than...
  • Bond Collapse Continues

    03/14/2012 9:18:13 PM PDT · by Razzz42 · 8 replies
    Trader Dan's Market Views ^ | Wednesday, March 14, 2012 | Dan Norcini
    Much to the chagrin of the Federal Reserve, bond traders are taking that FOMC statement from yesterday and taking no prisoners as they literally hammer the long bond into submission. I find it a bit ironic (to be honest I am gleeful about it) that the Fed, which continues its attempts to manipulate hedge fund behavior by herding them into the equity markets, has opened an enormous can of worms and awakened the heretofore comatose bond vigilantes as an undesirable chain reaction to their "peachy" statement about the state of the US economy. Bond traders are already moving the Fed...
  • Collapse Coming–Not Recovery

    03/14/2012 12:04:32 AM PDT · by Razzz42 · 30 replies
    usawatchdog.com ^ | March 12, 2012 | By Greg Hunter
    The way the latest unemployment numbers were reported by the mainstream media (MSM), you would think the Great Recession was over and the United States was solidly on the road to recovery. The Associated Press reported the numbers by the Bureau of Labor Statistics (BLS) with a story that said, “The United States added 227,000 jobs in February, the latest display of the breadth and strength of the economic recovery. The country has put together the most impressive three months of job growth since before the Great Recession. The unemployment rate stayed at 8.3 percent. It was the first time...
  • Sick Alaska seal shows possible spread of disease

    03/12/2012 9:45:06 PM PDT · by Razzz42 · 4 replies
    AP ^ | March 7, 2012 | By Dan Joling
    ANCHORAGE, Alaska—Federal scientists said Wednesday that a nearly bald, lethargic seal recovered from the southeast Alaska coast showed the same symptoms of a disease that sickened ringed seals and Pacific walrus on the state's north coast last year. Fishermen last week spotted the seal near Yakutat at the top of the Alaska Panhandle, where it was captured and taken to Anchorage. The seal was determined to be so ill that it was euthanized.
  • THE LIQUIDATION OF GOVERNMENT DEBT (.pdf format)

    03/12/2012 9:27:29 PM PDT · by Razzz42 · 11 replies
    imf.org ^ | March 2011 | Carmen M. Reinhart & M. Belen Sbrancia
    ABSTRACT Historically, periods of high indebtedness have been associated with a rising incidence of default or restructuring of public and private debts. A subtle type of debt restructuring takes the form of “financial repression.” Financial repression includes directed lending to government by captive domestic audiences (such as pension funds), explicit or implicit caps on interest rates, regulation of cross-border capital movements, and (generally) a tighter connection between government and banks. In the heavily regulated financial markets of the Bretton Woods system, several restrictions facilitated a sharp and rapid reduction in public debt/GDP ratios from the late 1940s to the 1970s....
  • U.S. adds Vatican to money-laundering ‘concern’ list

    03/09/2012 3:26:47 PM PST · by Razzz42 · 9 replies
    reuters.com ^ | Thu Mar 8, 2012 | by Philip Pullella
    The Vatican has for the first time appeared on the State Department's list of money-laundering centers but the tiny city-state is not rated as a high-risk country. The 2012 International Narcotics Control Strategy Report was made public on Wednesday and Washington's list of 190 countries classifies them in three categories: of primary concern, of concern and monitored. The Vatican is in the second category, grouped with 67 other nations including Poland, Egypt, Ireland, Hungary and Chile. It was added to the list because it was considered vulnerable to money-laundering and had recently established programs to prevent it, a State Department...
  • Simi Valley Nuclear Disaster (Video)

    03/06/2012 1:28:44 AM PST · by Razzz42 · 24 replies
    History Channel ^ | Aug 25, 2007 | Uploaded by michaelfreudiger
    Simi Valley California was the site of the worst nuclear disaster in U.S. history in 1959, and the amounts of radiation leaked to the environment and atmosphere were more than 240 times that of the accident at 3-Mile Island. The area is beautiful today, but what still remains from many decades ago?
  • The Commodity Empire

    03/05/2012 11:38:48 AM PST · by Razzz42
    Armstrong Economics ^ | March 4th, 2012 | Martin Armstrong
    Most people do not realize but there is a Commodity Empire that is run by New York’s biggest banks/Investment Banks that are in a continued struggle with the Federal Reserve over the right to retain the power of their commodity trading empires. They control the storage warehouses, storage tanks, and silos constituting hard assets worth multi-billions of dollars. But it also gives them inside information regarding inventories and the ability to manipulate the prices by moving inventory back and forth to unreported warehouses or to London. ----------------------- Page 2----------------------- At the center of this power struggle has been the issue...
  • Cartoons

    03/01/2012 10:22:19 AM PST · by Razzz42 · 1 replies · 1+ views
    [various] ^ | March 1, 2012 | [various]
  • Dow Jones Soars – Gold Flounders

    02/20/2012 11:43:19 PM PST · by Razzz42 · 7 replies
    martinarmstrong.org ^ | February 19, 2012 | Martin Armstrong
    We certainly live in interesting times. As we approach the end of February, just where Gold and the Dow Jones Industrial will close for the month will set the tone for March. Gold has been unable to simply exceed the December high at 1769.40. In order for gold to remain in a position to make a March high, it must close ABOVE the December high. At the very least, gold MUST close February at least ABOVE 1756.00. Failing to do that, will leave gold simply neural near-term. A month-end closing BELOW 1673.00 will warn that gold is turning bearish near-term...
  • Authors Forum: Hamilton's Curse | Thomas J. DiLorenzo [Video]

    02/20/2012 9:48:39 PM PST · by Razzz42 · 11 replies · 1+ views
    You Tube ^ | Mar 19, 2009 | Thomas DiLorenzo
    Thomas DiLorenzo, Professor of Economics at Loyola College in Maryland, discusses his latest book, "Hamilton's Curse: How Jefferson's Arch Enemy Betrayed the American Revolution--and What It Means for Americans Today." Recorded at the annual Austrian Scholars Conference, Ludwig von Mises Institute, 12 March 2009. Introduction by Dr. Mark Thornton.
  • Iceland and Ireland: A Tale of Two Islands

    02/20/2012 2:23:31 PM PST · by Razzz42 · 13 replies
    HEARD ON THE STREET ^ | FEBRUARY 20, 2012 | By RICHARD BARLEY
    ...Ireland's policy choices have been constrained by the euro. But its recovery has been damaged by the euro zone's poor crisis management, which has dragged down the whole currency bloc's economy. Longer-term, euro membership should help Ireland lure investment and boost exports: Even in 2011, there was a 30% increase in companies investing in Ireland for the first time. Over time, that may prove the deciding factor.
  • Foreclosure abuse rampant across U.S., experts say

    02/20/2012 1:51:56 PM PST · by Razzz42 · 50 replies
    reuters.com ^ | Fri Feb 17, 2012 | By Tim Reid
    A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, say experts and officials who have done studies in other parts of the country. The audit of almost 400 foreclosures in San Francisco found that 84 percent of them appeared to be illegal, according to the study released by the California city on Wednesday. "The audit in San Francisco is the most detailed and comprehensive that has been done - but it's likely those numbers are comparable nationally," Diane Thompson, an attorney at the National Consumer...
  • Iran halts oil sales to UK, France on eve of talks

    02/19/2012 11:42:27 PM PST · by Razzz42 · 4 replies
    reuters.com ^ | TEHRAN | Sun Feb 19, 2012 | reporting by Parisa Hafezi and Ramin Mostafavi in Tehran, Susan Cornwell in Washington and Fredrik D
    ((Reuters) - Iran ordered a halt to its oil sales to Britain and France on Sunday in a move seen as retaliation against tightening EU sanctions, as a team of U.N. inspectors flew to Tehran to press the Islamic Republic over its disputed nuclear program. The European Union enraged Tehran last month when it decided to impose a boycott on its oil from July 1. Iran, the world's fifth-largest oil exporter, responded by threatening to close the Strait of Hormuz, the main Gulf oil shipping lane. On Sunday, its oil ministry went a step further, announcing Iran has now stopped...
  • Ron Paul - Predictions in Due Time [Video]

    02/19/2012 10:45:13 PM PST · by Razzz42 · 4 replies · 1+ views
    Uploaded by CollectiveCheckup @youtube.com ^ | Jan 3, 2012 | Ron Paul (Video insertions by CollectiveCheckup)
    This is Ron Paul's famous Predictions speech from April 24, 2002. This is the original video compiling recent images and video to give his speech a chilling effect.
  • Derivative CDs Tempt Savers as Banks Reap Fees

    02/16/2012 9:05:52 PM PST · by Razzz42 · 5 replies
    jsmineset.com ^ | Feb 14, 2012 | By Matt Robinson
    A gray-haired woman picking a flower with a young girl adorns the cover of an HSBC Holdings Plc (HSBA) brochure that promises investors both “the growth of the market” and “the security of FDIC Insurance.” By tying interest rates to everything from the Dow Jones Industrial Average to precious metals, the pamphlet for HSBC’s Market-Linked Certificates of Deposits explains U.S. investors have the potential to earn “enhanced returns” over as long as seven years. A separate disclosure states that they also may earn zero, getting just their original principal back after the CD matures, while brokers may collect fees of...
  • Insurance fears see few tankers ready to haul Iran crude

    02/16/2012 1:11:42 PM PST · by Razzz42 · 2 replies
    platts.com ^ | February 14, 2012 | Singapore (Platts)
    Asian buyers of Iranian crude are struggling to find vessels willing to call at ports in the Islamic Republic as shipowners fear losing insurance cover for their tankers because of European and US sanctions aimed at curbing Tehran's nuclear ambitions. Although the EU ban on the import and transportation of Iranian crude does not directly affect Iran's Asian customers, a provision in the sanctions legislation agreed January 23 is having an impact far beyond European shores. "It shall be prohibited to provide, directly or indirectly, financing or financial assistance, including financial derivatives, as well as insurance and reinsurance, related to...
  • Singapore Moves To Make Trading Safer After MF Global

    02/15/2012 10:37:33 PM PST · by Razzz42 · 5 replies
    Armstrong Economics ^ | February 14, 2012 | Martin Armstrong
    The United States has shown itself for what it really is – a cesspool of corruption. This MF Global debacle is so serious, that it truly threatens to destroy the United States as a fair and honest place to invest. With $1.6 billion now missing and Judge Martin Glenn protecting the NY Banking lot, real capital is turning elsewhere for security. Equities are rising and the commodity sector is floundering. Support in the Dow lies at 11650-11960 while resistance stands at 13500. The Dow has exceeded the 2011 high. Gold has been unable to exceed the December high. While much...
  • Greece – the Prelude to the Fall

    02/15/2012 10:28:48 PM PST · by Razzz42 · 4 replies
    Armstrong Economics ^ | February 15, 2012 | Martin Armstrong
    [W]HILE Greece has been criticized for just about everything, especially about going on a debt binge, to be fair, that is the kettle calling the pot black. Let’s be honest. ALL Western governments have been doing the same thing. Greece is merely the PRELUDE to the Decline & Fall of Western Society. This is always about politicians and their inability to manage anything whatsoever. It always comes down to their personal self-interests and until we reform our political systems BARRING reelection of ALL politicians to prevent a political class from rising, then politicians will always say: “Vote for me and...
  • Mortgage Settlement Will Plunge Real Estate Values

    02/15/2012 1:52:36 PM PST · by Razzz42 · 25 replies
    usawatchdog.com ^ | 13 February 2012 | By Greg Hunter
    It is official. State and federal governments have condoned forgery, perjury and fraud in what’s been called the “robo-signing” foreclosure debacle. Last week, the five biggest banks in America signed on to a $26 billion deal that, basically, lets them off with a slap on the wrist for fraudulently foreclosing on homes in the last few years. I am not going to go on and on about how unfair and unjust this deal was or how the rule of law has been thrown down the stairs. I am going to focus on the fallout of this morally corrupt deal. There...
  • At Volcker Rule Deadline, a Strong Pushback From Wall St.

    02/14/2012 11:19:51 AM PST · by Razzz42 · 1 replies
    dealbook.nytimes.com ^ | February 13, 2012 | By BEN PROTESS and PETER EAVIS
    Wall Street made its broadest assault yet against new regulation on Monday, taking aim at a rule that has come to define the battle over how to police banks in the aftermath of the financial crisis. Regulators in charge of writing the Volcker Rule, which would ban banks from trading with their own money, were inundated with complaints and suggestions on Monday, the deadline to comment on a draft proposal. More than 200 letters were expected to be filed by the midnight deadline on the rule, which regulators outlined in October. Commenters included the rule’s namesake, Paul A. Volcker, the...
  • The Silent Victims of the U.S.-China Currency War

    02/14/2012 11:04:06 AM PST · by Razzz42 · 2 replies
    usnews.com ^ | February 13, 2012 | Jim Rickards
    Xi Jinping, likely to be China's next president, visits President Obama in the White House this week. This visit ensures that the ongoing currency war between the United States and China will be on the list of things that Obama and Xi discuss along with the looming war with Iran, the North Korean succession, and other geopolitical issues. Currency wars arise when a country steals growth from trading partners by cheapening its currency to promote exports. The new currency war began in 2010 when President Obama declared in his State of the Union address that it was the policy of...
  • MF GLOBAL CONTINUES TO UNDERMINE THE US FINANCIAL MARKETS & THE RULE OF LAW

    02/14/2012 12:05:27 AM PST · by Razzz42 · 22 replies
    Armstrong Economics ^ | February 13, 2012 | Martin Armstrong
    The trustee overseeing MF Global's liquidation has come out and confirmed that the amount of customers’ funds of the failed brokerage are now expected to be at least $1.6 billion. This gap has now risen from the previous estimate of $1.2 billion. This is the biggest financial crime perhaps in history far worse than Madoff. This is the outright theft of client funds that nobody is being called to account for no less the recipients of such funds being made to return them. The collapse of MF Global, which was headed by former Goldman Sachs CEO, Senator, and New Jersey...
  • Mining company stock owners - note well

    02/13/2012 7:49:17 PM PST · by Razzz42 · 12 replies
    Trader Dan's Market Views ^ | Monday, February 13, 2012 | Dan Norcini
    Most of you who read this site are well aware of my political leanings - I happen to believe that the current administration is perhaps the most inept, reckless and endangering to liberty in the history of this nation and needs to be replaced at the ballot box this coming November. Those of you who own mining company stocks should take note that as part of the budget submitted by the Obama administration, all hard-rock mining companies would be required to pay annual rents and royalty fees of no less than 5% of gross proceeds. Currently a law that is...