Free Republic

We caught up with Peter Schiff of EuroPacific Capital at FreedomFest's Global Economic Summit in the Bahamas. Peter is never shy about voicing his opinion about the impending crash of the US Dollar and the fiat monetary regime. While he's been warning us about the inevitable collapse, he's putting himself on the line now and believes that time is running short. He expects the event to occur within the next 1-2 years and believes that in addition to living on borrowed money, the government is also living on borrowed time. As he sees it, interest rates have been suppressed for...

A Chambersburg man is in jail after allegedly fleeing from police Monday at speeds up to 120 mph while driving a stolen car into Maryland, causing several crashes before finally hitting the back of a tractor-trailer. Gabriel Edward Gomez, 25, of 31 N. Franklin St., was arrested in Washington County, Md., after crashing the 1992 Toyota Camry on Interstate 81 southbound, near mile marker 9. He remains in the Washington County Detention Center in lieu of $200,000 bail. Pennsylvania State Police, Chambersburg, said a trooper checked the Toyota and learned it had been reported stolen. He attempted to stop the...

After the crashes stopped, Steven Camps said all he could hear was the sound of crying as the air, heavy with smoke, shone red from vehicle fires. He pulled his friend from their car, which wound up wedged between two semi trucks. The two were lying in the grassy median of Interstate 75, he said, praying that a car would not leave the roadway and hit them. The vehicle Camps was riding in was among those involved in a series of overnight accidents in northern Florida, blamed on poor visibility from smoke from a nearby brush fire, authorities said. Ten...

Investors Haven't Been This Worried About A Stock Market Crash In Years Sam Ro Jan. 10, 2012, 7:21 PM The Yale School of Management regularly surveys individual and institutional investors on their stock market crash confidence. Specifically, they ask the survey taker how confident he/she is that the there won't be a stock market crash within the next six months. According to the latest read (h/t Bespoke), crash confidence is at its lowest level since early 2009. In other words, investors are increasingly worried about an imminent market crash. However, this could also be a bullish contrarian indicator. Back in...

Part of article from St. Pete Times after Sept 11. "Robert C. Cooper, president of National Aviation Flight School and Aviation Rentals, stressed that the extra security cannot be done at the expense of those of Middle Eastern descent. "I don't want to get involved in profiling," he said. "I have faith in my government. I have to work on the belief that my government has basis to allow them into the country and show them proper respect." end of article. Cooper is head of National Aviation Holdings that owned A/C. Many Florida flight schools train Arab students. Wonder if ...

Three freight trains collided in Porter County, Ind. this afternoon... *** The accident involved a collision, derailment, fire and chemical spill, according to officials. No fatalities or injuries have been reported.

State police have issued Lt. Gov. Timothy Murray a ticket for speeding, not wearing a seatbelt and a lane violation in connection with a pre-dawn highway crash last year. An aide confirmed the citations Tuesday, and said police said Murray may have briefly fallen asleep at the wheel. Murray told reporters at the time that he was driving around the speed limit and wearing his seatbelt. Murray said he asked for a field sobriety test and the test showed a zero blood-alcohol reading. The Nov. 2 accident on Interstate 190 in Sterling happened at about 5:30 a.m. Murray said he...

I am surprised Nancy Pelosi wasn't riding on top.

Debunking The Chinese 'Soft Economic Landing' Myth: Short The Bubble December 19, 2011 China’s growth curve has gone parabolic in recent years. For the last couple of decades, China has typically averaged 10% GDP growth, and it has maintained that growth even as a multi-trillion dollar economy. Of course, 10% growth in an economy already worth trillions is an astounding achievement, but it can also lead to severe economic tribulations, such as soaring housing and food prices. China has incurred both of these troubles. As a growing middle class emerges, demand for beef has far outstripped supply growth, and beef...

Michael Woody O'Brien has said, "Everybody with a 100 i.q. can see the Mother of All Financial Crashes is Coming...So why are so few people foaming their runways??" Which is just Michael's way of wondering why intelligent, well educated people refuse to see, what is as obvious as the nose on their faces. But we have all been through so much in the past decade, that our capacity to accept and anticipate still more negative events is at an end. The fact is, the cruise ship is headed for the iceberg. The captain's been informed, but he refuses to take...

China-geddon: A China crash will be scarier than Europe Venky Vembu Dec 2, 2011 Say you’re at a railway station, waiting for the slow train to eurogeddon. You’ve been told that the eurozone is in deep trouble with all those piles of debt, that it will fall apart inevitably, dismembering the euro and inflicting pain and misery around the world. Months go by, and although there’s a lot of shunting and hooting, and lots of frenetic activity, the eurogeddon train doesn’t steam in. You begin to grow impatient, and wonder if the train is coming at all. And then in...

For more than two years, the disappearance of Air France Flight 447 over the mid-Atlantic in the early hours of June 1, 2009, remained one of aviation's great mysteries. How could a technologically state-of-the art airliner simply vanish? With the wreckage and flight-data recorders lost beneath 2 miles of ocean, experts were forced to speculate using the only data available: a cryptic set of communications beamed automatically from the aircraft to the airline's maintenance center in France. As PM found in our cover story about the crash, published two years ago this month, the data implied that the plane had...

Police: Womble's car crossed center line in crashUpdated: 6:19 p.m. Monday WINSTON-SALEM, N.C. — Police in Winston-Salem say a car driven by state Rep. Larry Womble crossed the center line of a local street and collided head-on with another vehicle in a wreck that killed the other driver. Authorities say 54-year-old David Allen Carmichael of Winston-Salem died in the crash. Carmichael was the son of a man who ran against Womble for his legislative seat in the 1990s.

1 dead, 16 injured in Tennessee crashes involving 176 carsFrom Dave Alsup, CNN updated 4:52 PM EST, Thu December 1, 2011 (CNN) -- One person was killed and 16 others injured Thursday in three separate chain-reaction crashes involving 176 cars north of Nashville, authorities said. Heavy fog and black ice were thought to have contributed to the crashes on State Highway 386 in Sumner County, said county emergency medical services Capt. Vincent Riley. The incidents began just before 8 a.m. ET, when a car ran off the highway and caused a chain reaction accident in "heavy, heavy fog," he said....

Following today's unprecedented POMO failure due to "system difficulties" (one would hope the Fed's POMO machine does not start and stop every time someone pulls the plug from the socket), Brian Sack's team (not to be confused with the PWG team of Eric Mindich) had to reschedule the literally failed auction. As it turns out, the first opportunity to sell $8-$8.75 billion in 2013 bonds is on December 2. And unlike the December 21 "reverse" POMO which is due to take place at 1:15pm, the rescheduled bond sale will instead occur at its usual time of 10:15-11:00am. Ironically, this is...

From the Federal Reserve website, Press Release on Monetary Policy release from September 18, 2008: Press Release Release Date: September 18, 2008 For release at 3:00 a.m. EDT Today, the Bank of Canada, the Bank of England, the European Central Bank (ECB), the Federal Reserve, the Bank of Japan, and the Swiss National Bank are announcing coordinated measures designed to address the continued elevated pressures in U.S. dollar short-term funding markets. These measures, together with other actions taken in the last few days by individual central banks, are designed to improve the liquidity conditions in global financial markets. The central...

Occupants experience "up to 400 g" As you are likely aware, our own NHTSA test-crashes all new cars for sale in the US at speeds up to 40 mph- as do EU authorities and a few others.  One day the folks at English television show Fifth Gear (not to be confused with Jeremy Clarkson's unparelled Top Gear) wondered over tea what would happen if they had some crash-test pros set up the cement barrier and run a Ford Focus into it at 120 mph... triple normal testing speeds. So they did it... and this is what happens: Car decelerates from 120-0 in .068 seconds Occupants experience up...

While everyone was focused on the impending European collapse, the latest soon to be refuted rumors of a quick fix from the Welt am Sonntag notwithstanding, the Bank of International Settlements reported a number that quietly slipped through the cracks of the broader media. Which is paradoxical because it is the biggest ever reported in the financial world: the number in question is $707,568,901,000,000 and represents the latest total amount of all notional Over The Counter (read unregulated) outstanding derivatives reported by the world's financial institutions to the BIS for its semi-annual OTC derivatives report titled "OTC derivatives market activity...

A plane crashed in Arizona's Superstition Mountains, according to ABC News Phoenix affiliate KNXV, citing witnesses and local authorities -- but officials told ABC News that passenger flights at major local airports all were accounted for. It was not immediately clear how big a plane may have crashed or how many people were involved. Dark video transmitted from the scene appeared to show glowing areas in the mountains, possibly fires. Witnesses said they saw the plane crash and flames erupt around 6:40 p.m. local time, KNXV reported. "What we saw was a small plane," said Mark Klein, who lives at...

Posted: 7:04 PM By: Katie Fisher APACHE JUNCTION, AZ - Crews are working to access the wreckage of a plane that crashed into the Superstition Mountains east of the Valley. Pinal County Sheriff's Office spokesman Elias Johnson confirmed a plane went down in the mountain range and caused a fire visible from miles away. ABC15 viewers reported seeing the crash and flames around 6:40 p.m. Air15 video over the mountain range showed many separate areas of flames spread around the crash site. Johnson said the size of the plane and number of people involved is unknown at this time.

An experienced pilot was lucky to escape with his life when his helicopter clipped a wire while erecting a Christmas tree and slammed into Auckland's popular Viaduct wharf. Greg Gribble walked away virtually unscathed after his aircraft spun out of control and crashed on the waterfront promenade during a live-streamed event on Wednesday morning to put up the 26-metre tall Telecom Christmas tree. The helicopter had been hovering just metres from the ground when the blades caught a wire, breaking off the tail and sending the chopper to the ground. Dramatic footage of the incident, carried live on the TVNZ...

STILLWATER, Okla. — Oklahoma State University women's basketball coach Kurt Budke and assistant coach Miranda Serna were killed when the single-engine plane they were riding in during a recruiting trip crashed near a wildlife management area in central Arkansas. The university said the pair died in the crash Thursday night near Perryville, about 45 miles west of Little Rock. The Winona Wildlife Management Area is in steep terrain in the eastern Ouachita Mountains. A cause of the crash was not announced. In January 2001, 10 men affiliated with the university's men's basketball team died in a Colorado plane crash. OSU...

Unidentified plane crashes in China: reports (AFP) – 21 hours ago SHANGHAI — An unidentified plane has crashed to the ground and exploded in eastern China, state media reported on Tuesday, but the accident remains shrouded in mystery and potential casualties remain unknown. The crash happened in Zhejiang province near Lishui city on Monday evening amid heavy fog, the state-run China National Radio said, but local residents told AFP police quickly sealed the site off to the public. The Beijing News quoted locals as saying they had seen something that looked like a plane crash on a hilltop and explode....

Police investigating the cause of a 34-car pile-up on a major British highway that killed seven people and injured 51 said Sunday they are focusing on a fireworks display near the accident site.

There has been a lot of articles discussing the long-term future of Social Security, and the possible alternatives. In most articles, assertions are made about the actual value of a person's contributions, in comparison to the benefits received. Part of the problem is that most people don't realize that Social Security benefits are not a simple linear calculation. There is a connection between your average wages over your entire career and your benefits, but it's not a straight line. So, I created this graph: The blue line is the Social Security benefit that you would receive, if your average monthly...

By the time the CH-47 transport helicopter descended to 150 feet above an unprotected landing zone in Afghanistan around 2 a.m. on Aug. 6, the element of surprise had been lost. Hours earlier, two other Chinooks had deposited 47 Army Rangers at another nearby landing site, undetected. The landing triggered a nighttime ground and aerial firefight that raged for several hours as a few Taliban “squirters,” as the military called them, tried to escape from the targeted compound and regrouped with other fighters. *snip* When the third chopper — carrying 38 passengers and crew, and one dog, in a reinforcement...

A chinese air force jet crashed at an air show on Friday (video below) leaving one of the pilots missing and presumed dead.

Hang Seng Index leads Asia fall, diving more than 4%. Hong Kong stocks tank as financials plunge on reports that Greek budget misses austerity targets. • Japan stocks dive, with exporters tumbling • Australian stocks fall sharply on Europe jitters

Car Plows Into House Where Marijuana Plants Grew CORYDON, Ind. -- Indiana State Police said a fatal crash near Corydon late Friday led to the discovery of a large indoor marijuana-growing operation. Troopers said a 2006 Chevrolet heading south on Old Highway 135 ran off the road and crashed into the side of a house and caught fire. The driver, whose name has not been released, was killed. Investigators said they went into the house to make sure no one was injured and found a large indoor marijuana grow site. After making sure the fire was out, investigators said they...

David Lavau, age 67, missing for six days, was found alive and well by his grown children who formed their own search party to find their father. They reported him missing to the authorities after he'd been missing for five days and on the sixth day formed their own search party. The children drove the desolate stretch of road they suspected their father had driven, stopping at the dropoffs calling their father's name, and at one place they heard a faint, "Help, help," and amazingly, it was their father! The state of his car after plunging so many feet was...

Hundreds of people were injured Tuesday when a subway train slammed into the rear of another train in a sprawling transit line that had opened just last year in Shanghai. The accident cast new scrutiny on the safety record of China’s rapidly modernizing mass transit rail systems. The state-run news media reported that 271 people were injured during the afternoon accident in the Shanghai Metro system. Xinhua, the official news agency, said that equipment failure was believed to be responsible and that the accident was under investigation. There were no deaths reported but the government said late Tuesday that about...

The Crisis is Greece is exposing the same crisis we will face in all Western countries. As Margaret Thatcher once said; “Socialism works until you run out of other people’s money.”That day is quickly arriving. The Greek debt of $400 billion is exploded to $1.2 trillion thanks to unfunded liabilities – pensions. This is why I say we are facing the collapse of socialism. If we turn every so called “rich” household upside-down and confiscate all their wealth earning $250,000 or more, it will not solve the problem even for one year. Governments through the West promised everything, but funded...

Asian Markets Fall On Operation Twist, While Euro And Gold Remain Lower Sam Ro Sep. 21, 2011, 8:17 PM Gold Image: FinViz Asian markets opened lower after the Fed's confirmation of Operation Twist triggered a late day selloff in US markets. Japan's Nikkei is down 1.3% Korea's Kospi is down 2.7% Australia' S&P/ASX is down 1.2% News flow abroad remains light. US equity futures are trading flat. Gold remains lower. The dollar index remains higher. Check out how the USD has performed against EUR since the Fed's announcement. EUR/USD Image: FinViz

<p>INDIANOLA, Iowa (AP) — The Iowa State Patrol says a trooper died in a crash near Indianola in central Iowa when his patrol car left the road, landed in a field and burst into flames.</p> <p>The State Patrol says Trooper Mark Toney was pronounced dead at the scene of the crash Tuesday off U.S. Highway 65, just south of Indianola.</p>

Here is an interview on local Reno Talk Radio with Matt Jackson who is an Unlimited pilot and vice-president of the Unlimited Division. Click on the "listen" button for 9/19 and go to about 10 minutes in to hear the discussion.

A discussion with pictures of the mechanical failure causing the Reno Air Race crash.

RENO, Nev. – The death toll in the crash of a World War II-era plane during a Reno air race rose to nine people Saturday as investigators combed through wreckage and scoured amateur video clips to determine why the aircraft suddenly spiraled out of control and plummeted to the ground near hundreds of spectators. Read more: http://www.foxnews.com/us/2011/09/17/federal-investigators-looking-into-what-caused-deadly-crash-at-air-show/#ixzz1YGNn9wu6

Hi All, This is my first request of this type, so please bear with me. A few minutes ago, I learned that two of my co-workers and their families were attending the Air Races in Reno, and while details are few and far between, it seems that they were among the seriously injured. May I please request that you offer up a prayer, or just think good thoughts, about Brian, Bill, and their families, as well as all the others who died or were injured at the Air Races. Thanks for your time. Mark

GREAT VIDEO PHOENIX - The driver of an SUV was trapped Thursday afternoon when he lost control of his vehicle and it rolled over and struck a utility pole. Phoenix Firefighters responded to the area of 19th Ave and Northern and observed live power lines had fallen on top of the SUV, trapping the person inside. George Lindell was rear-ended by the victim. "Well I was driving down Northern Ave, getting ready to run into Albertson's, and all of a sudden I was just minding my own business - BAM! Hit me hard right from the back!..."

Moments before he was killed, one of the pilots involved in a midair crash on Sept. 2 suddenly maneuvered his plane over the other one, warned the other pilot not to pull up, then struck the second plane's right wing before nosediving to the tundra below, a preliminary investigation report says.

[Updated, 9:50 a.m. Sept. 7: The Kings issued this statement Wednesday: "The Los Angeles Kings organization is deeply saddened with the tragic news of this morning’s plane crash in Russia that was carrying the members of the KHL’s Lokomotiv organization, including former Kings forward Pavol Demitra, former Kings prospect Jan Marek and many other members of the NHL family. Our thoughts and prayers go out to all the family and friends of those affected by this terrible occurrence."] The plane, which was carrying members of the Kontinental Hockey League team Lokomotiv, crashed on the banks of the Volga River shortly...

A RUN ON THE BANKS AND A BLESSING ON THE "TRUE" WELLSPRINGS ! A run on the banks is about to ascend , No more cards or things prepaid these to shall come to an end , It all shall be cash on the barrel head , Those living in Christ shall walk over the dead , The Poor shall be Rich, the rich shall be Poor , Only "True" trust and faith shall open a door , To "ALL" you need in Christ Alone ! I AM your provision ~ I AM your home ! The ways of the...

There have been rumblings for weeks that the economic plan to be offered by President Obama after he returns from his vacation would be aimed, at least in part, at trying to re-inflate the American housing market. The dribbles from the White House on housing have hinted at some big ideas: having the government hold and lease foreclosed homes and even having the government fully take over busted and bailed out mortgage buyers Fannie Mae and Freddie Mac. The trial balloon in today’s New York Times puts the earlier leaks in perspective. The idea is to have the government offer...

Market crash 'could hit within weeks', warn bankers A more severe crash than the one triggered by the collapse of Lehman Brothers could be on the way, according to alarm signals in the credit markets. The cost of insuring RBS bonds is now higher than before the taxpayer was forced to step in and rescue the bank in October 2008 By Harry Wilson, and Philip Aldrick 9:50PM BST 24 Aug 2011 Insurance on the debt of several major European banks has now hit historic levels, higher even than those recorded during financial crisis caused by the US financial group's implosion...

LONDON (AP) — A plane belonging to the British military's Red Arrows aerobatic display team crashed Saturday while taking part in an air show in southern England, witnesses and the military said. There was no immediate word on the condition of the pilot. The Ministry of Defense said it was aware of an incident involving the Red Arrows and was investigating. It gave no further details. The BBC and Sky News said the Royal Air Force jet came down near Bournemouth, where an air show is being held Saturday. Witnesses said nine planes took off from Bournemouth Airport to perform...

Stop the presses. Barely did we have time to report that European regulators failed to impose a coordinated short selling ban, that Bloomberg reports that the countries most impact by the market plunge are about to impose standalone short-selling bans. These are Belgium, Italy, Spain and France. In other words, it really is on and the 2008 Lehman PTSD flashbacks may now resume. Until we get a headline that says it isn't. The rescue of the Borsa Italian is now more schizophrenic than that of Greece. As a reminder, in the previous post the FT quoted Abraham Lioui, a professor...

The Stock Market Crash Of 2011?August 11, 2011 How far does the stock market have to go down before we officially call it a crash? The Dow is now down more than 2,000 points in just the last 14 trading days. So can we now call this "The Stock Market Crash of 2011"? Today the Dow was down 519 points. Yesterday, an announcement by the Federal Reserve indicating that the Fed would keep interest rates near zero until mid-2013 helped the Dow surge more than 400 points, but all of those gains were wiped out today. It turns out that...

NEW YORK (CNNMoney) -- U.S. stocks fell sharply in early trading Wednesday, following the previous session's huge rally, as fears about Europe's ongoing debt crisis resurfaced. The Dow Jones industrial average (INDU) dropped 325 points, or 2.9%. The index fell as much as 446 points, which exceeded the gain in Tuesday's massive advance. [SNIP] On Wednesday, shares of French bank Societe Generale, or SocGen, tumbled almost 20% on the Paris stock exchange amid speculation that France may be first to face a rating cut. [SNIP] The major indexes have been swinging between massive gains and losses during trading, and ending...

What will stop this? Let’s look at some of the things that have not worked. The Group of 7 finance ministers promised to act together in a cooperative way. FLOYD NORRIS Notions on high and low finance. President Obama assured us that he wanted to cooperate with Republicans. It would be wonderful — and most likely would lead to a rebound — if there were evidence that genuine cooperation was going to arrive, and that governments would act together to try to both fix the financial systems and avoid new downturns. But so far there is no indication that any...

DOW -276 S&P -31