HOME/ABOUT  Prayer  SCOTUS  ProLife  BangList  Aliens  StatesRights  ConventionOfStates  WOT  HomosexualAgenda  GlobalWarming  Corruption  Taxes  Congress  Fraud  MediaBias  GovtAbuse  Tyranny  Obama  ObamaCare  Elections  Layoffs  NaturalBornCitizen  FastandFurious  OPSEC  Benghazi  Libya  IRS  Scandals  TalkRadio  TeaParty  FreeperBookClub  HTMLSandbox  FReeperEd  FReepathon  CopyrightList  Copyright/DMCA Notice  Donate

Dear Friends, Your loyal support makes Free Republic possible and your continuing participation makes FR the number one grassroots pro-life conservative forum on the planet! If you have not yet made your donation, please click here and do so now.
Thank you very much, Jim Robinson

Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Free Republic 2nd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $20,301
23%  
Woo hoo!! And the first 23% is in!! Thank you all very much!!

Keyword: dollarcollapse

Brevity: Headers | « Text »
  • Meet the Impeachment Crowd: 6 Republicans Who Want Obama Out

    07/11/2014 9:07:15 AM PDT · by WhiskeyX · 9 replies
    ABC News ^ | Jul 10, 2014, 2:45 PM ET | ERIN DOOLEY and SCOTT WILSON
    Has President Obama’s use of the “pen and phone” to circumvent Congress gotten out of hand? Some members of the GOP seem to think so. [...] a mounting chorus of Republicans are calling for impeachment. Here’s a list of the high-profile Republicans who want to kick the president out of office:
  • 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis

    03/22/2012 3:19:55 PM PDT · by blam · 78 replies · 2+ views
    10 Signs That America Is On The Verge Of A Horrible Municipal Debt CrisisMarch 22, 2012 Is America on the verge of a horrible municipal debt crisis? Unfortunately, the answer is yes. From coast to coast there are an increasing number of cities, towns and counties that are rapidly going broke. Financial analyst Meredith Whitney took a lot of heat when her prediction of a municipal bond crash in 2011 did not happen, but she was not fundamentally wrong in her analysis. A horrifying municipal debt crisis is starting to unfold right in front of our eyes. It just did...
  • Society’s Five Stages of Economic Collapse

    02/28/2012 9:22:53 PM PST · by Kartographer · 81 replies · 6+ views
    SHTF Plan ^ | 2/28/12 | David Meyer
    Society as we know it will break down and collapse in a five stage process outlined here. While it can be accelerated by certain events like war, a natural disaster, pandemic, terrorist attack, or even an impending asteroid impact, history has shown that economic collapse will essentially happen in this five stage process. To survive the collapse, it is important to read and interpret the signs and understand what assets are important to the current situation so you can be prepared for the worst thereby allowing you to survive intact and with as little damage as possible.
  • Analysts warn Americans to buy guns and gold, predicting market crash and street riots

    02/27/2012 6:04:22 PM PST · by Nachum · 53 replies · 9+ views
    Daily Mail ^ | 2/27/12 | Mark Duell
    Just when you thought unemployment was dropping and stock markets were surging back, these three analysts today sent out a stark warning to Americans to brace for another financial crash. Trend forecaster Gerald Celente advises buying a gun to protect your family, stocking up on gold if the dollar crashes and planning a getaway, so it’s no shock he’s preparing for an ‘economic 9/11’. Share prices and unemployment are posting their best figures in four years since the recession hit, but Mr Celente, along with authors Harry Dent and Robert Prechter, says the rebound won’t last.
  • Name The Bubble (Guessing Contest)

    02/27/2012 11:29:52 AM PST · by RightGeek · 14 replies
    Zero Hedge ^ | 2/27/2012 | Tyler Durden
    As the title suggests, please name the latest bubble: (see picture - answer below)
  • Fed chief Bernanke issues debt warning (the rookie Hussein piles on another TRILLION dollar$)

    02/02/2012 5:13:46 PM PST · by Libloather · 6 replies
    Yahoo ^ | 2/03/12 | Jill Colgan
    Fed chief Bernanke issues debt warningBy North America correspondent Jill Colgan, ABC February 3, 2012, 11:08 am United States Federal Reserve Chairman Ben Bernanke has warned that the US economy could face the same fate as troubled European countries if it fails to curb its growing debt. Mr Bernanke delivered a sobering assessment of the economy that defies recent attempts by the Obama administration to talk up the economic turnaround. Testifying before a House Budget Committee, he said the pace of recovery had been "frustratingly slow". He urged lawmakers to be more aggressive in reducing the nation's $15 trillion debt...
  • Are George Soros, The IMF And The World Bank Purposely Trying To Scare The Daylights Out Of Us?

    01/24/2012 5:55:52 PM PST · by blam · 36 replies
    TEC ^ | 1-25-2012 | Michael T Snyder
    Are George Soros, The IMF And The World Bank Purposely Trying To Scare The Living Daylights Out Of Us? Michael SnyderJanuary 25, 2012 Over the past couple of weeks, George Soros, the IMF and the World Bank have all issued incredibly chilling warnings about the possibility of an impending economic collapse. Considering the power and the influence that Soros, the IMF and the World Bank all have over the global financial system, this is very alarming. So are they purposely trying to scare the living daylights out of us? Soros is even warning of riots in the streets of America....
  • In fight over Keystone pipeline, jobs are the key battleground

    01/15/2012 3:19:29 PM PST · by jazusamo · 20 replies · 1+ views
    The Hill ^ | January 15, 2012 | Andrew Restuccia
    When U.S. Chamber of Commerce President Tom Donohue proclaimed that the Keystone XL pipeline would create 250,000 jobs, he touched a nerve in the environmental community. “That’s just not true,” Susan Casey-Lefkowitz, director of the Natural Resources Defense Council’s international program, told reporters Friday, calling Donohue’s jobs estimate “wildly inflated.” It’s a familiar refrain from the environmental community, which has been working overtime in recent weeks to counter Republican and industry claims that the 1,700-mile pipeline would create a mini-job boom in the United States. The fight over the Keystone XL pipeline, which would carry oil sands crude from...
  • 22 Signs That We Are On The Verge Of A Devastating Global Recession

    01/12/2012 5:36:41 PM PST · by blam · 13 replies
    TEC ^ | 1-12-2012 | Michael Snyder
    22 Signs That We Are On The Verge Of A Devastating Global RecessionJanuary 12, 2012Michael Snyder 2012 is shaping up to be a very tough year for the global economy. All over the world there are signs that economic activity is significantly slowing down. Many of these signs are detailed later on in this article. But most people don't understand what is happening because they don't put all of the pieces together. If you just look at one or two pieces of data, it may not seem that impressive. But when you examine all of the pieces of evidence that...
  • In Fed Officials’2006 Meetings,No Deep Worry on Housing[Elegant as Eiffel Tower, Paris or Vegas]

    01/12/2012 5:56:10 PM PST · by fight_truth_decay · 6 replies · 2+ views
    NYTimes ^ | January 12, 2012 | BINYAMIN APPELBAUM
    WASHINGTON – The desperation of homebuilders was a running joke among top Federal Reserve officials during the waning phase of the housing bubble in 2006, according to transcripts released Thursday. They laughed about the cars that builders were giving to buyers. They laughed about efforts to make empty homes look occupied. They laughed at a report that one builder said inventory was rising “through the roof.”
  • Consequences of Collapse: Access to Critical Medicines Is Disappearing in Greece

    01/11/2012 4:05:45 PM PST · by Kartographer · 33 replies
    SHTF Plan ^ | 1/11/12 | Mac Slavo
    When things get bad – and they will – the most essential items necessary for survival will disappear first. As currencies collapse, financial market destabilize and economies come to a standstill, critical supplies like food and medicine will become difficult to acquire at any price. This is exactly what is now taking place in Greece, where access to life-saving drugs and even common over-the-counter medicines like aspirin is becoming a tragedy where the losses will be measured not in Dollars or Euros, but lives.
  • Add Bain to list of things we cannot discuss

    01/11/2012 1:45:23 PM PST · by Lakeshark · 114 replies
    Legall Insurrection ^ | 1/11/2012 | William Jacobson
    Politico has a story about Newt agreeing not to go after Romney any more about Bain, and Newt was just on Hannity’s radio show on the issue. (I’ll post the audio if I can get it.) Newt said there are three or four instances where the record is really bad and Romney needs to defend it. Newt said the challenge is not to the model but how Romney acted in specific instances, and how odd it is that Romney runs on his business record but doesn’t want to discuss the record. Newt made the point that it is impossible to...
  • US vs. China Money Supply - Who is Printing More?

    01/11/2012 11:07:47 AM PST · by Kaslin · 7 replies
    Townhall.com ^ | January 11, 2012 | Mike Shedlock
    Chinese stock have been on a 2-day tear as Premier Wen Jiabao has come flat out in support of the stock market. Moreover, money supply in China is up the most since last April and new Chinese loans exceeded the estimates of all 18 Bloomberg economists. M2 rose 13.6 percent, the fastest pace since July. Bloomberg reports China Stocks Rise Most in 3 Months on Loan, Money Data
  • The EPA Had a Bad Day at the Supreme Court

    01/10/2012 7:50:42 PM PST · by WilliamIII · 31 replies · 1+ views
    Reason ^ | Jan 10 2012 | Damon Root
    Yesterday the Supreme Court heard oral arguments in the case of Sackett v. Environmental Protection Agency. At issue is whether the EPA’s use of “administrative compliance orders,” which are essentially government commands issued to property owners, should be subject to judicial review under the Fifth Amendment's Due Process Clause. In other words, when the EPA tells a homeowner to stop building because of a possible violation of the Clean Water Act, does that homeowner have the right to promptly challenge the EPA in court? As Robert Barnes observes in The Washington Post, “Justices across the ideological spectrum appeared troubled by...
  • Fedzilla is demanding I complete a 4-page survey ... about my garden! (vanity)

    01/06/2012 8:50:18 AM PST · by matt1234 · 147 replies
    me ^ | Jan. 6, 2012 | me
    Are you ready for the vegetable census? Yesterday I received the “2012 National Agricultural Classification Survey” from the US Dept. of Agriculture. It was accompanied by a cover letter stating (in large, bold font) that my response is required by law; and, if I do not reply, I “may be personally visited.” I am not and have never been a farmer or rancher. My land has never been farmed or ranched. I do, however, have a vegetable garden that I built in 2009. This garden is private and noncommercial. There is no illegal activity whatsoever on my property. The survey...
  • Vanity: National Agricultural Classification Survey - WTF?!

    01/10/2012 7:54:43 PM PST · by dagogo redux · 39 replies
    1/10/12 | dagogo redux
    Well, here’s the totalitarian state, right before my eyes! Today in the mail came a largish envelop for me from The “National Agricultural Statistics Service”, postage and fees paid by USDA Permit No. G-38. A prominant blocked off area on the envelop front stated in large bold letters, “YOUR RESPONSE IS REQUIRED BY LAW.” Also on the envelop and several places inside I find Obama-style logos for the USDA, and one with “AGRICULTURE COUNTS” around the outside, and at the base of the rolling landscape “NASS,” which stands for National Agricultural Statistics Service. That’s right: now we have a National...
  • Twinkies Maker Preparing for Chapter 11 Filing

    01/10/2012 6:45:05 PM PST · by 6SJ7 · 56 replies
    The Wall Street Journal ^ | January 10, 2012 | Mike Spector and Julie Jargon
    Hostess Brands Inc. is preparing to file for Chapter 11 bankruptcy protection as soon as this week, said people familiar with the matter, a move that would mark the second significant court restructuring for the Twinkies and Wonder Bread baker in the past several years. The privately held Irving, Texas, company, which employs roughly 19,000 people and carries more than $860 million in debt, has been facing a cash squeeze amid high labor costs and rising prices for sugar, flour and other ingredients, according to people familiar with the matter. Those costs together have proved higher than the company's roughly...
  • Mafia now "Italy's No.1 bank" as crisis bites: report

    01/10/2012 3:05:16 PM PST · by Olog-hai · 7 replies
    Reuters ^ | Tue Jan 10, 2012 4:36pm EST | James Mackenzie
    ROME—Organized crime has tightened its grip on the Italian economy during the economic crisis, making the Mafia the country's biggest "bank" and squeezing the life out of thousands of small firms, according to a report on Tuesday. Extortionate lending by criminal groups had become a "national emergency," said the report by anti-crime group SOS Impresa. Organized crime now generated annual turnover of about €140 billion ($178.89 billion) and profits of more than €100 billion, it added. "With €65 billion in liquidity, the Mafia is Italy's number one bank," said a statement from the group, which was set up in Palermo...
  • Dear Americans, We Are Surrounded

    01/10/2012 3:55:29 PM PST · by JohnKinAK · 29 replies · 1+ views
    Economic Policy Journal ^ | 1-10-2012 | EPJ
    <p>Occasionally in the past, I have received emails from readers asking me if it was time to leave America because of some new infringement on our rights.</p> <p>In the past, I always responded to these emails by saying that it really depended on who the reader was. Anyone, I usually replied, who was in the securities-brokerage industry or the medical profession should start looking, because of how regulated those industries are. If on the other hand, a surfer dude just living for the next wave, would have little reason to be concerned.</p>
  • Goldman's Latest Boiler-Room Stock: America

    01/10/2012 3:51:03 PM PST · by khnyny · 6 replies
    Rolling Stone ^ | January 2, 2012 | Matt Taibbi
    Have a column on Iowa coming soon, but first, a quick but absurd note from the world of high finance. It seems Jim O'Neill, the head of Goldman's Asset Management department, is predicting that the United States stock market may go up "15 to 20 percent." O'Neill apparently believes Ben Bernanke and the Federal Reserve will resort to another round of money-printing, and finally green-light the long-awaited "Qe3," or third round of "Quantitative Easing." The QE programs involve the Fed printing hundreds of billions of dollars and pumping them into the marketplace, where they ostensibly stimulate the economy (although recent...
  • Anarchists take over Greek radio studio, broadcast message supporting domestic terror group

    01/10/2012 1:34:40 PM PST · by Libloather · 2 replies
    Anarchists take over Greek radio studio, broadcast message supporting domestic terror groupBy Associated Press, Updated: Tuesday, January 10, 9:04 AM ATHENS, Greece — A group of anarchists took over the studio of a local radio station in the Greek capital Tuesday, and broadcast a message in support of a domestic terrorist group. **SNIP** Police said they arrested 20 people who had participated in the occupation. They were to be charged with a felony count of praising terrorism.
  • Obama: Republicans Want to Emulate China, Roll Back Minimum Wage, Prevent Unionization

    01/10/2012 10:51:06 AM PST · by Sub-Driver · 26 replies
    Obama: Republicans Want to Emulate China, Roll Back Minimum Wage, Prevent Unionization By Fred Lucas January 10, 2012 Subscribe to Fred Lucas's posts (CNSNews.com) – President Barack Obama accused Republicans of wanting to make America more like China, of seeking to roll back the minimum wage and of wanting to prevent collective bargaining and said the GOP wants to “get rid” of clean air and water rules. Obama made the comments Monday at a campaign fundraiser at the Capital Hilton in Washington on the eve of the New Hampshire Republican presidential primary. “Republicans in Congress and these candidates, they think...
  • Turkey Holds Syria-Bound Iranian 'Military Cargo'

    01/10/2012 10:21:50 AM PST · by edpc · 5 replies
    JPost ^ | 10 Jan 2012 | Reuters
    ISTANBUL - Turkish customs officials intercepted four trucks on Tuesday suspected of carrying military equipment from Iran to Syria, a Turkish provincial governor. The governor of Kilis province said the trucks were confiscated at the Oncupinar border crossing into Syria after police received information about their cargo, according to Dogan news agency. "The four trucks were confiscated by customs. They are alleged to be carrying military equipment," Governor Yusuf Odabas said. He said experts were being sent from Ankara to examine the cargo.
  • How To Prepare For The Difficult Years Ahead

    01/10/2012 11:28:44 AM PST · by blam · 77 replies · 1+ views
    TEC ^ | 1-10-2011 | Michael Snyder
    How To Prepare For The Difficult Years AheadMichael SnyderJanuary10, 2012 How should people prepare for the difficult years that are coming? I get asked about that a lot. Once people really examine the facts, it is not too hard to convince them that an economic collapse is coming. But once they accept that reality, most of them want to know what they can do to prepare themselves and their families for the hard times that are ahead. Well, the truth is that it does not have to be complicated. Many of the things discussed throughout this article are things that...
  • Obama to ask for increase to debt ceiling in a 'matter of days'

    01/10/2012 12:09:12 PM PST · by ColdOne · 13 replies · 1+ views
    The Hill ^ | 1/10/12 | Amie Parnes
    The Obama administration will be asking Congress to raise the debt limit in the coming days, White House press secretary Jay Carney said on Tuesday. "I'm confident it will be executed in a matter of days, not weeks," he told reporters. The notification by the administration — which had been scheduled for last month — was delayed because Congress has been holding only pro forma sessions.
  • 19 Facts About The Deindustrialization Of America That Will Make You Weep

    The United States is rapidly becoming the very first "post-industrial" nation on the globe. All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers have left them, but the pace at which America is accomplishing this is absolutely amazing. It was America that was at the forefront of the industrial revolution. The United States has become a nation that consumes everything in sight and yet produces increasingly little.
  • Want a Job? Go to College, and Don’t Major in Architecture

    01/09/2012 7:49:35 PM PST · by SeekAndFind · 36 replies
    New York Times ^ | 01/09/2012 | By CATHERINE RAMPELL
    Say it with me, readers: College is worth it.For all the bellyaching about wasted degrees and the many indebted grads stuck on their parents’ couches, recent college graduates are still doing a lot better than their less-educated counterparts. Unemployment for new graduates is around 8.9 percent; the rate for workers with only a high school diploma is nearly three times as high, at 22.9 percent.That’s according to a new report [PDF] from Georgetown’s Center on Education and the Workforce. The report also had some fascinating statistics on earnings and jobless rates by college major, something we’ve written about before.The...
  • Nov. consumer credit surges by $20.4 billion

    01/09/2012 12:31:44 PM PST · by Nachum · 24 replies
    Market Watch ^ | 1/9/12 | Greg Robb
    WASHINGTON (MarketWatch) -- U.S. consumers increased their debt in November by a seasonally adjusted $20.4 billion, the largest increase since November 2001, the Federal Reserve reported Monday. Monthly debt rose at a 10% annual rate in November, a much faster pace than had been expected by Wall Street economists.
  • Global banking checks to begin early 2012

    01/08/2012 4:53:59 PM PST · by Olog-hai · 2 replies
    EUBusiness.com (AFP) ^ | 08 January 2012, 21:48 CET
    Checks of banks in the European Union, Japan and the United States are to beginning early in 2012 to see if they have put the globally agreed Basel rules into practice, central bank governors said Sunday. The Group of Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision (BCBS), announced the checks in a statement issued after a meeting. The group agreed that the results of the tests would be made public, the statement added. … The "Basel II" capital rules for the world's biggest banks are designed to prevent a repeat of...
  • Retiree costs loom large over St. Paul schools

    01/08/2012 4:57:17 PM PST · by WOBBLY BOB · 12 replies
    pioneer press ^ | 1-8-12 | Mila Koumpilova
    A $409 million tab projected for retiree benefit costs looms for the cash-strapped St. Paul Public Schools. Some on the school board are urging the district to tackle the liability more aggressively. But officials say there's little they can do to put a dent in the costs, which have bumped up tax bills and diverted money from the classroom. St. Paul recently started socking away money to help cover the benefits, slated to sunset in 2014. But the investment came later and started out smaller than planned, and recent market turmoil chipped away at it. "I feel we're throwing a...
  • Will Republicans Commit Romney-cide?

    01/08/2012 5:57:08 PM PST · by ElIguana · 43 replies
    GrassTopsUSA ^ | 01/08/2012 | America's Conservative News
    Since 1976, every time the GOP has run a RINO for president, the party has suffered an ignominious defeat – against a peanut farmer in ’76, a serial lecher in ’92 and a Marxist in 2008. But Mitt Romney isn’t taking any chances. Should he secure the nomination, his primary campaign will ensure his defeat in November – 9% unemployment, a national debt hurtling toward the abyss, socialism and surrender notwithstanding.
  • Solar power failures adding up

    01/08/2012 6:05:28 PM PST · by Libloather · 14 replies
    OC Register ^ | December 27, 2011
    Solar failuresThe Orange County Register December 29, 2011 10:03 AM Sooner or later, the laws of economics prevail, even in heavily subsidized industries like solar power. The latest evidence that government manipulation cannot overcome economic reality is the decision by BP PLC, the giant British energy company, to leave the solar power business. BP has developed solar energy for 40 years and for more than a decade touted its “Beyond Petroleum” campaign. The Wall Street Journal suggested, however, that BP’s solar experiment was more gimmick than serious investment. BP spent millions trying to go green, but simultaneously spent billions on...
  • Rogue Obama Plans to Forgive Mortgages and We Can't Say the Country is Screwed?

    01/05/2012 11:58:11 AM PST · by Kaslin · 41 replies
    Rush Limbaugh.com ^ | January 5, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Oh, jeez. I just heard something. You know, I really like Dana Perino. Maybe I ought to stop there. Greetings, ladies and gentlemen, and welcome. It's Rush Limbaugh from high atop the EIB Building at the EIB Southern Command in a hidden location heavily fortified here in South Florida. The telephone number if you want to be on the program, 800-282-2882. The e-mail address, ElRushbo@eibnet.com. Well, she said she was listening to Huntsman yesterday, heard Huntsman say that the country is screwed. She said, (paraphrasing) "That's not presidential. That's not the way we want to talk, to...
  • MF Global Sold Assets to Goldman Before Collapse (Surprise, surprise...)

    01/04/2012 4:12:54 PM PST · by jimbo123 · 27 replies
    CNBC ^ | 1/4/12 | Reuters
    MF Global unloaded hundreds of millions of dollars' worth of securities to Goldman Sachs in the days leading up to its collapse, according to two former MF Global employees with direct knowledge of the transactions.
  • What would it take to burst gold’s price? (Higher interest rates aren't coming anytime soon)

    01/04/2012 4:14:41 PM PST · by SeekAndFind · 11 replies
    Marketwatch ^ | 01/04/2012 | Matthew Lynn
    LONDON (MarketWatch) — No one ever said gold was an asset for the faint-hearted. Or indeed, for anyone who doesn’t enjoy an argument. To some it is the only true form of money, a king over the water just waiting to be re-installed on its rightful throne once the impostors are cleared out of the way. To others, it remains, as the economist John Maynard Keynes described it, a “barbarous relic,” of no more relevance to the 21st century that the canal or the telegraph. Still, even by its usual standards, it was more contested than ever as 2011 closed...
  • US Closes 2011 With Record $15.22 Trillion In Debt, 100.3% Debt/GDP, $14 Billion From Debt Ceiling

    01/03/2012 5:36:55 PM PST · by lbryce · 22 replies
    Zero Hedge ^ | January 3, 2012 | Tyler Durden
    Unabridged Title:US Closes 2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP, $14 Billion From Breaching Debt Ceiling While not news to Zero Hedge readers who knew about the final debt settlement of US debt about 10 days ahead of schedule, it is now official: according to the US Treasury, America has closed the books on 2011 with debt at an all time record $15,222,940,045,451.09. And, as was observed here first in all of the press, US debt to GDP is now officially over 100%, or 100.3% to be specific, a fact which the US government decided to...
  • Germany's unemployment rate at record low in December

    01/03/2012 6:32:24 PM PST · by MinorityRepublican · 7 replies
    BBC News ^ | 3 January 2012
    Strong exports of German cars are helping drive employment figures The adjusted jobless rate fell to 6.8% from 6.9% in November, the Federal Labour Office said. This marked a new record low since figures for unified Germany were first published. The seasonally-adjusted total for the number of people out of work in Germany fell 22,000 to 2.88 million in December. The agency said the number of people out of work averaged 2.976 million over the course of last year. News of the figures saw the German Dax stock exchange rise almost 1% by noon on Tuesday. This was equal to...
  • BOOM: Markets Are Off To A Dynamite Start In 2012

    01/02/2012 6:59:48 PM PST · by blam · 7 replies
    TBI ^ | 1-2-2012 | Joe Weisenthal
    BOOM: Markets Are Off To A Dynamite Start In 2012 Joe Weisenthal Jan. 2, 2012, 5:56 PM Image: wikimedia commons US markets start the year tomorrow, but Europe wasn't bothered by the fact that New Year's Day fell on a Sunday, thus depriving the people of a proper day off. So the trading began today. The big gainer? Germany's DAX index, which gained over 3%. A strong German manufacturing number helped out. Also, manufacturing data out of India and China also helped. On the debt side of things, the Italian 10-year moved below 7% again, which is nice. Short-term rates...
  • Will the year 2012 be an apocalyptic game-changer?

    01/01/2012 8:23:09 PM PST · by 2ndDivisionVet · 14 replies
    The Los Angeles Times ^ | January 1, 2012 | Mitchell Landsberg
    There are years that are remembered for changing the course of human history:1492. 1776. 1945. Then there are years that were predicted to change the course of history. 1844, when Judgment Day didn't materialize. 1910, when Halley's Comet didn't wipe out humanity. And remember Y2K? But rarely does a year arrive with such a mixture of anticipation and dread as 2012. We speak not of the presidential campaign but of the Maya calendar, and the projection that it — or, more accurately, a cycle within it — will end on Dec. 21, 2012. That date has kicked up a swirl...
  • The 'Financial Repression' Trap

    01/01/2012 8:33:53 PM PST · by JustTheTruth · 9 replies
    Wall Street Journal ^ | Dec. 6, 2011 | KEVIN WARSH
    Financial markets are in a precarious place, with European banks and sovereign balance sheets in the cross-hairs. Bank regulators are becoming increasingly aggressive, and euro-zone borrowing costs are rising as the debts of years past are coming due. In this environment, policy makers are finding their authority, credibility and firepower being tested. In turn, they are finding it tempting to pursue "financial repression"—suppressing market prices that they don't like. But this is bad policy, not least because it signals diminished faith in the market economy itself. Markets are not always efficient, but the market-clearing prices for stocks, bonds, currencies and...
  • Euro could become world's leading currency: Noyer

    12/31/2011 3:38:29 PM PST · by decimon · 29 replies
    Reuters ^ | December 31, 2011 | Reporting By Vicky Buffery
    PARIS (Reuters) - The euro could become the world's leading currency in the next decade if leaders of the single-currency bloc succeed in tightening fiscal integration, European Central Bank policymaker Christian Noyer said in an article to be published in the Journal du Dimanche. European leaders struck a historic deal at an emergency summit in Brussels on December 9 to draft a new treaty for deeper economic union, in an attempt to stem the debt crisis that is threatening to cause the collapse of the single currency. The news temporarily calmed markets. But concerns quickly resurfaced as the final details...
  • New Year Looks No Less Dysfunctional Than The Old

    12/30/2011 5:17:07 PM PST · by Kaslin · 6 replies
    IBD Editorials ^ | December 30, 2011 | MARK STEYN
    Ring out the new, ring in the old. No, hang on, that should be the other way around, shouldn't it? Not as far as 2011 was concerned. The year began with a tea-powered Republican caucus taking control of the House of Representatives and pledging to rein in spendaholic government. It ended with President Obama making a pro forma request for a mere $1.2 trillion increase in the debt ceiling. This will raise government debt to $16.4 trillion — a new world record! If only until he demands the next debt-ceiling increase in three months' time. At the end of 2011,...
  • The Number One Catastrophic Event That Americans Worry About: Economic Collapse

    12/30/2011 4:32:24 AM PST · by blam · 26 replies · 1+ views
    TEC ^ | 12-30-2011
    The Number One Catastrophic Event That Americans Worry About: Economic CollapseDecember 30, 2011 Can you guess what the number one catastrophic event that Americans worry about is? There are certainly many to choose from. Many Americans are deathly afraid of a major terrorist attack. Others live in constant fear of natural disasters such as earthquakes, volcanoes and hurricanes. Still others are incredibly concerned that a massive pandemic will break out at any time or that World War III will erupt in the Middle East. Yes, there are certainly a lot of potential catastrophic events that one can worry about in...
  • Avoiding The Danger Zones In The Year Ahead

    12/30/2011 12:37:27 PM PST · by blam · 3 replies
    The Daily Reckoning ^ | 12-30-2011 | Bill Bonner
    Avoiding The Danger Zones In The Year Ahead By Bill Bonner 12/30/11 Baltimore, Maryland – And here we are at the end of the week…and the end of the year. And we’re no surer of what is going on than we were at the beginning of it. The Dow rose 135 points yesterday. But gold kept going down. It is looking more and more like gold intends to make its big correction now… It’s been down for 6 days in a row. We’ve been waiting for it. We’ve been hoping for it. We’ve been counting on it. Is it here...
  • We’ve Been Impoverished and It’s Only Going to Get A Whole Lot Worse

    12/30/2011 11:40:39 AM PST · by JohnKinAK · 30 replies
    SHTFPlan ^ | 12/30/2011 | Mac Slavo
    The dollar is losing value, but this fact is not just some recent phenomenon. In case you missed the charts comparing the decline of the US dollar to the Roman silver denarius, what they show is that the US dollar has, over the course of the last one hundred years, experienced a steady decline amounting to about a 95% loss in purchasing power, closely mimicking the fall of the world’s reserve currency circa the 2nd and 3rd centuries. Every single day our central bank and the US government utilize the stealth tax known as inflation to make you poorer by...
  • US Dollar Domination – Just Another Footnote In History

    12/27/2011 7:47:43 PM PST · by JohnKinAK · 20 replies
    SHTFPlan ^ | 12/27/2011 | Mac Slavo
    The assumption among the majority of Americans is that the US dollar as the world’s reserve currency will maintain America’s political, financial and economic hegemony around the world for decades to come. But, if there’s one lesson to be taken from economic history, it’s that no currency survives the test of time. As the economic crisis continued to deepen and affect nearly every nation on earth, many world leaders – from Europe to China – began discussing the replacement of the US dollar as the world’s monetary unit of trade. Dismissed by some as all talk, it should now be...
  • DEBT LIMIT - A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY.

    12/26/2011 5:12:30 PM PST · by dc27 · 11 replies
    youtube ^ | debtlimitusa
    Explanation of the debt limit http://www.youtube.com/watch?v=Li0no7O9zmE
  • China and Japan Agree to New [Dollarless] Currency Dealings

    12/26/2011 5:51:06 PM PST · by DeaconBenjamin · 6 replies
    NY Times ^ | December 26, 2011 | By EDWARD WONG
    China and Japan have agreed to start direct trading of their currencies, officials announced during a visit here by Japan’s prime minister, Yoshihiko Noda. The move was among several that emerged from Mr. Noda’s meetings with President Hu Jintao. Japan will also apply to buy Chinese bonds next year, allowing it to accumulate more renminbi in its foreign-exchange reserves. China is the world’s second-largest economy while Japan is the third largest, and the currency agreement is part of a move away from using dollars. Chinese officials have said recently they would like to broaden the global use of the renminbi,...
  • Canadian economy slows, but Ottawa still gets AAA rating from Moody's

    12/25/2011 8:40:23 AM PST · by rickmichaels · 5 replies
    The Canadian Press ^ | Dec 23, 2011 | Julian Beltrame
    3 share via email OTTAWA - The Canadian economy's recent growth spurt ran out of steam in October, but the country still got a strong vote of confidence Friday from the influential Moody's Investor Service. The New York rating agency renewed Canada's AAA debt rating — a seal of approval for the federal government's bonds — on a day when Statistics Canada reported the economy failed to grow for the first time in five months, Ratings by Moody's, Standard and Poor's and similar services are among the factors that determine how much interest governments have to pay when they issue...
  • HOISINGTON: NO WAY TO AVOID RECESSION IN 2012

    12/21/2011 2:13:36 PM PST · by blam · 12 replies
    Pragmatic Capitalism ^ | 12-21-2011 | Cullen Roche
    HOISINGTON: NO WAY TO AVOID RECESSION IN 2012 21 December 2011 by Cullen Roche The great bond fund manager, Van Hoisington, is joining the growing list of those calling for recession in 2012. In a recent interview with Barrons he says 2012 is a year of global recession that the USA will not be immune to it: “Our expectation is that we are going to enter another recession next year, when we haven’t really fully recovered from the previous one. We think we are in what Niall Ferguson, a Harvard historian, recently termed a slight depression. This isn’t a normal...