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Keyword: doomandgloom

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  • Denmark Passes Law To Seize Valuables, Cash From Refugees

    01/26/2016 12:35:30 PM PST · by RummyChick · 8 replies
    zerohedge ^ | 1/26 | durden
    “Welcome to Europe. Now gimmie that watch.” That’s the greeting asylum seekers will get when they enter Denmark from now on thanks to a new law that will allow police to search refugees on arrival and confiscate anything worth more than 10,000 kroner.
  • Lower oil prices are unambiguously good

    10/17/2014 9:03:36 PM PDT · by Abakumov · 41 replies
    Human ^ | October 18, 2014 | Larry Kudlow
    Steep stock market corrections often create shrouds of pessimism that do bad things to peoples brainpower. And one of the absolutely stupidest things I have heard in recent weeks is that the recent drop in oil prices is bad. You heard me right. Serious people on financial television are saying lower oil prices are a signal of worldwide economic collapse. Here at home that translates to recession, deflation, a profits collapse and rising unemployment. Ive been around for a while, and Ive seldom heard such gibberish. The latest stock market scare stems from a bunch of fears such as...
  • Obama Won't Finish Term Without Bottom Dropping Out Money Morning

    06/01/2013 5:33:19 PM PDT · by lbryce · 33 replies
    Money Morning ^ | May 30, 2013 | Staff
    Schiff: 2/3 of America to Lose Everything Because of This Crisis A record breaking stock market is distorting a frightening reality: The U.S. is being eaten alive by a horrific cancer that will ultimately destroy the economy and impoverish the vast majority of its citizens. That's according to Peter Schiff, the best-selling author and CEO of Euro Pacific Capital, who delivered his harsh warning to investors in a recent interview on Fox Business. "I think we are heading for a worse economic crisis than we had in 2007," Schiff said. "You're going to have a collapse in the dollar...a huge...
  • Obama will not be impeached.

    05/19/2013 6:21:13 PM PDT · by staytrue · 90 replies
    self | 5-19-13 | self
    Everyone who thinks one of these scandals will remove Obama from the White House is sadly mistaken. Let's look at Nixon to see what it takes to remove a President. In Nixon's case, it took a well prepared and knowledgeable witness John Dean, a lot of tape recordings, a press that hated Nixon, and a political party that was the same as the president and somewhat honest and fair minded. In Obama's case, we have nothing close to John Dean, we have no recordings, the media still likes Obama and the democrat party is ruthless and corrupt as the mafia....
  • Obama Has Won! Is Civil War Inevitable?

    05/11/2013 7:17:28 PM PDT · by 2ndDivisionVet · 86 replies
    Clash Daily ^ | May 10, 2013 | Skip Coryell
    Some of you are already shaking your head and arguing with my headline. I can hear the conservative craniums rattling all across Americas fruited plains, her mountains majesty, and from sea to shining sea. Let me clarify my title. Lets start with the first half: Obama Has Won! But you scream back angrily at me, NO he hasnt! He didnt win! Well never admit defeat! Good for you. I appreciate and respect your patriotism and tenacity. Unfortunately, youre wrong. Theres no denying that one. He was re-elected, and hes achieved every goal he set out to win short of disarming...
  • Insolvency looms for federal entitlement programs, government warns ("TurboTaxCheatTimmy" says)

    05/13/2011 12:08:22 PM PDT · by NormsRevenge · 109 replies
    Los Angeles Times ^ | 5/13/11 | Noam N. Levey
    Caught in the sluggish recovery from the last recession, Social Security and Medicare face an increasingly dismal fiscal future, the federal government reported Friday in its annual review of the two mammoth entitlement programs. Medicare, which now provides health insurance to some 47 million elderly and disabled Americans, could begin running a deficit in 2024, five years earlier than projected last year. And Social Security, which last year began paying out more in benefits than it collected in taxes, now faces insolvency in 2036, compared to 2037 in last years projections. Over the years, the Social Security and Medicare trustees...
  • Deepening Crisis: Inflation, Rising Interest Rates, Surge In The Price Of Gold And Silver

    04/24/2011 8:40:02 PM PDT · by blam · 32 replies
    TMO ^ | 4-24-2011 | Bob Chapman
    Deepening Economic Crisis: Inflation, Rising Interest Rates, Surge In The Price Of Gold And Silver Economics / Inflation Apr 24, 2011 - 12:43 PM By: Bob Chapman Economic recovery does not seem to be taking effect in spite of more massive expenditures by Congress and the Fed. The IMF says financial stability has improved, but then again their vision is almost always clouded. US tax revenues are not increasing in a meaningful way, manufacturing struggles to expand and Wall Street flourishes in a cascade of mega salaries and bonuses. In another six months the US will be three years what...
  • Q.E. Money Printing Negative Feed Back Loop to Hyper-Inflation Oblivion

    03/09/2011 11:09:41 AM PST · by blam · 29 replies
    TMO ^ | 3-9-2011 | Jim Willie CB
    Q.E. Money Printing Negative Feed Back Loop to Hyper-Inflation Oblivion Interest-Rates / Quantitative Easing Mar 09, 2011 - 09:16 AM By: Jim Willie CB USFed Chairman Bernanke and the Quantitative Easing programs are caught in a negative feedback loop, the instruments at risk being the USDollar and the USTreasury Bond. The former suffers from lost integrity and direct inflation effect. The latter suffers from direct intervention and market ruin. The next QE round is guaranteed by the failure of the previous program in an endless cycle to be recognized later this year. Leaders are confused why the recovery does not...
  • Snowfalls Are Now Just a Thing of the Past

    12/20/2010 7:53:21 AM PST · by Kaslin · 14 replies · 1+ views
    Pajamas Media ^ | December 19, 2010 | Ed Driscoll
    That was the headline on this March 2000 story in England’s Independent: Britain’s winter ends tomorrow with further indications of a striking environmental change: snow is starting to disappear from our lives.Sledges, snowmen, snowballs and the excitement of waking to find that the stuff has settled outside are all a rapidly diminishing part of Britain’s culture, as warmer winters – which scientists are attributing to global climate change – produce not only fewer white Christmases, but fewer white Januaries and Februaries. The first two months of 2000 were virtually free of significant snowfall in much of lowland Britain, and...
  • Stormy weather? Our skies stay dry, but predictions point toward a busy 2011 hurricane season

    12/15/2010 9:49:34 PM PST · by a fool in paradise · 34 replies
    Houston Chronicle ^ | Dec. 14, 2010, 11:17PM | HOUSTON CHRONICLE editorial board
    Most Houstonians don't spend much time thinking about hurricanes in mid-December as the winter solstice and the shortest day of the year approach. Although next Tuesday marks the first day of winter, solstice also represents a seasonal nadir, when the sun reaches its lowest point in the southern sky and begins its northerly climb toward future summer. So far this season, the nights have been bracing, but with no hard freeze in the metro area. If urban gardeners have a complaint, it's about the paucity of rain that has left us six inches below normal and flirting with drought. So...
  • Interview With Marc Faber: It Is Not A Matter Of If With Hyperinflation, But When

    09/23/2010 10:55:18 AM PDT · by blam · 13 replies
    The Business Insider ^ | 9-23-2010 | Ron Hera, Hera Research, LLC
    Interview With Marc Faber: It Is Not A Matter Of If With Hyperinflation, But When Ron Hera, Hera Research, LLC Sep. 23, 2010, 1:28 PM The Hera Research Newsletter (HRN) is delighted to present the following powerful interview with noted speaker and best selling author Dr. Marc Faber, whose newsletter, The Gloom Boom & Doom Report, highlights unusual investment opportunities. Dr. Faber is a popular speaker at investment seminars and conferences around the world and is best known for his contrarian investment approach. Born in Zurich, Switzerland, Dr. Faber went to school in Geneva and Zurich and finished high school...
  • 5 Ugly Truths Americans Will Have to Face

    03/02/2010 4:53:37 AM PST · by Kaslin · 45 replies · 1,709+ views ^ | March 2, 2010 | John Hawkins
    "Before I draw nearer to that stone to which you point, answer me one question. Are these the shadows of the things that Will be, or are they shadows of the things that May be only?" Still the Ghost pointed downward to the grave by which it stood. "Men's courses will foreshadow certain ends, to which, if persevered in, they must lead. But if the courses be departed from, the ends will change. Say it is thus with what you show me!"The Spirit was immovable as ever. -- Charles Dickens, A Christmas Carol Even the United States of America is...
  • FDIC Hits Record "Default" Level As Deposit Insurance Fund Plunges

    02/23/2010 12:46:42 PM PST · by FromLori · 20 replies · 603+ views
    ZeroHedge ^ | 2/21/10 | Tyler Durdin
    From Dow Jones: The U.S. banking industry continued to struggle in the fourth quarter, as the number of banks on the brink of failure continued to rise and the government's fund to protect deposits fell sharply into the red. The Federal Deposit Insurance Corp. said Tuesday that its deposit-insurance fund fell to $20.9 billion at the end of 2009, a $12.6 billion drop in the final three months of the year, as bank failures continued at a pace not seen since the savings and loan crisis. The fund's reserve ratio was -0.39% at the end of the quarter, the lowest...
  • Kiss That V-Shaped Recovery Good-Bye: The U.S. "Worse Than Greece," Says Economist

    02/16/2010 1:39:55 PM PST · by Kartographer · 14 replies · 1,096+ views ^ | 2/15/10 | Peter Gorenstein
    There's been many letters and symbols used over the last year to describe the shape of the U.S. economic recovery. There's the strong V-shaped recovery; the square root shaped recovery to connote a strong recovery followed by a period of flat to no growth; and the W-shaped recovery favored by those believing in a double dip recession. Tech Ticker guest Michael Pento has a new twist on the discussion. Pento, senior market strategist with Delta Global Advisors believes this is a tee-pee shaped recovery with the top of that tee-pee having already formed in the fourth quarter.
  • HURRICANE EARTH (It Finally Hit Us)

    02/04/2010 4:06:57 PM PST · by blam · 15 replies · 1,109+ views
    The Business Insider ^ | 2-4-2010 | Joe Weisenthal
    HURRICANE EARTH Joe Weisenthal Feb. 4, 2010, 5:40 PM From the time the market started rallying last March, skeptics have been warning of a coming storm ahead. Today, it felt like we experienced it. As one market pro put it today: This was real. Here are the key highlights: * The 15 sovereigns at risk of collapse > * 20 reasons the economy can't recover > * Morgan Stanley: We can't believe how fast the euro unraveled > * The Dow crashes through 10,000 > * It's a good thing you're hedge with gold > * The crazy action in...
  • Regional Banks Soar As Wall Street Burns

    01/21/2010 12:01:39 PM PST · by Slyscribe · 5 replies · 466+ views
    IBD's Capital Hill ^ | 1/21/2010 | Ed Carson
    President Obamas proposal to ban most proprietary trading wouldnt affect regional banks, which are among the top performers on a tough day for stocks overall. Fifth Third (FITB) jumped 10%, KeyCorp (KEY) 7% and Comerica (CMA) 9.5%. All three banks reported losses, but their loan loss provisions were flat or lower, suggesting the crisis is easing for the nations regional and local banks. That sent the entire sector higher. As of mid-afternoon, five regional bank groups were in the top 13 out of IBDs 197 industries.
  • Worst Debt Crisis Since The Great Depression To Claim 200 More U.S. Banks During 2010

    01/18/2010 12:27:55 PM PST · by blam · 20 replies · 619+ views
    The Market Oracle ^ | 1-18-2010 | Martin D Weiss
    Worst Debt Crisis Since The Great Depression To Claim 200 More U.S. Banks During 2010 Economics / Credit Crisis 2010 Jan 18, 2010 - 03:56 AM By: Martin D Weiss Washington has so thoroughly botched its supervision of the banking industry that 200 banks are likely to fail this year easily surpassing last years 140 bank failures inevitably involving the greatest bank losses in history and already costing the FDIC ten times more than the great S&L and banking crisis of the 1980s did. I am not basing these conclusions on conjecture. They come straight from official...
  • Unemployment benefit claims rise, but barely (nice spin)

    01/07/2010 7:24:09 AM PST · by traumer · 15 replies · 606+ views
    Only 434,000 Americans filed for unemployment benefits, the second week in a row that claims have fallen to levels unseen since August 2008. Fewer than 435,000 Americans filed for first-time unemployment claims last week, the second week in a row that claims have been this low in more than a year. The trend suggests that the economy is nearing the point when job growth will outstrip job loss in the US economy. But economists are cautious about the report released Thursday by the US Department of Labor because of the enormous variation between the seasonally adjusted and unadjusted numbers. For...
  • You Fail at Failed Treasury Auctions

    12/28/2009 12:07:09 PM PST · by FromLori · 49 replies · 1,215+ views
    Zero Hedge ^ | 12/28/09 | Marla Singer
    For some reason Zero Hedge is prone to take a great deal of heat (both directly radiated and reflected) whenever we opine on the (rather obvious to us) prospect that interest rates might actually (quelle surprise) rise in this environment. Today, rather than engage in "we told you so" gloating, or endure the repetitive pleadings of commentators that this or that Treasury auction was really a success if you just look a little deeper at the figures, we'll just quote Bloomberg quoting other fixed income observers on today's auction of two years, in an article "ambiguously" titled "U.S. 2-Year Yields...
  • A Major Warning on the Slowed Money Growth

    12/23/2009 12:14:26 PM PST · by FromLori · 11 replies · 752+ views
    Economic Policy Journal ^ | 12/23/09 | Robert Wenzel
    I am not alone in my warnings that the slowed money supply will send the economy into a double digit recession. Professor Charles Goodhart, a former top official at the Bank of England now at the London School of Economics, said policymakers have neglected the flashing danger signal of the monetary data, writes Ambrose Evans-Pritchard. "What has happened to all the monetarists? Growth in money holdings and lending has plummeted. Thirty, or 40, years ago they would have been forewarning doom and destruction at this juncture, and casting anathemas at the authorities," he wrote in a consultant report for Morgan...
  • Hmmm... 3Q GDP... Goebbels Truth Leaks?

    12/22/2009 9:29:51 AM PST · by FromLori · 4 replies · 537+ views
    The Market Ticker ^ | 12/22/09 | Karl Denninger
    The Goebbels Ministry Of Truth is at it again... Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 2.2 percent in the third quarter of 2009, (that is, from the second quarter to the third quarter), according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.7 percent. Notice a few things here. "Goods and Services produced by labor and property"? Uh, property produces things? Me thinks not. But we'll leave that...
  • China's Dumping Of The Dollar Has Begun

    12/17/2009 8:25:35 AM PST · by FromLori · 50 replies · 2,333+ views
    The Business Insider ^ | 12/17/09 | Vince Veneziani and Gus Lubin
    China, once a proud holder of United States post-World War II debt, is getting scared. For years the People's Republic has bought U.S. Treasuries, eventually becoming the largest holder of U.S. debt ($799 BILLION to be exact!). Those days are long gone, though. During 2009, China hasn't been buying many Treasuries and has been unloading dollars in a way that makes Geithner shiver at night. And other big U.S. debt carriers like Japan may follow suit if confidence is lost. This presentation, courtesy of RBS, takes a deeper look into China's holdings and associated volumes since 2005. Get ready for...
  • Citigroup Does The Impossible: It Screws US Taxpayers AGAIN

    12/17/2009 7:42:39 AM PST · by FromLori · 18 replies · 808+ views
    The Business Insider ^ | 12/17/09 | Henry Blodget
    The nausea we feel with respect to Citigroup (C) and our Treasury Secretary just hit a new high. Perhaps it's true that civilization would have ended if we had just allowed Sandy Weill's colossal junk pile to finish blowing itself up. But at this point that seems a more attractive alternative. In case you missed it, here's the latest outrage: As of yesterday afternoon, the United States taxpayer owned 34% of Citigroup's common stock, in addition to a massive amout of TARP preferred stock. The US taxpayer did not own 34% of Citigroup's common stock by choice. We owned it...
  • U.S. Economy Forecast 2010, The Year of Severe Economic Contraction

    12/14/2009 5:12:45 AM PST · by markomalley · 42 replies · 1,923+ views
    Market Oracle ^ | 12/14/2009 | Mike Whitney
    Upbeat reports in the financial media, belie the effects of the ongoing credit contraction. Massive injections of central bank liquidity have prevented the collapse of financial markets, but have done nothing to ease the deleveraging of households or stimulate activity the broader economy. The crisis has stripped $13 trillion in equity from working families who now find their access to credit either cut off or severely curtailed by the same banks that received hefty taxpayer-funded bailouts. The fiscal strangulation of the millions of people who are no longer considered "creditworthy" is progressively weakening demand and spreading pessimism across all income...
  • David Rosenberg's 2010 Outlook "The Recession Is Really A Depression"

    12/10/2009 12:48:52 PM PST · by FromLori · 9 replies · 916+ views
    Zero Hedge ^ | 12/10/09 | Tyler Durden
    With December almost done, and all the banks having already issued their rosy outlooks for 2010 (don't ask us how the trading desks are axed, but you be sure a certain sense of "contrarianism" permeates Goldman's traders), the objective third pary strategists begin chiming in. We present Rosie's 2010 outlook from Today's Breakfast with Dave piece, courtesy of Gluskin Sheff. The credit collapse and the accompanying deflation and overcapacity are going to drive the economy and financial markets in 2010. We have said repeatedly that this recession is really a depression because the recessions of the post-WWII experience were merely...
  • The 10 Countries Most Likely To Default

    12/08/2009 11:51:30 AM PST · by SeekAndFind · 10 replies · 1,290+ views
    Business Insider ^ | 12/6/2009 | Kamelia Angelova
    Dubai's economic meltdown was a warning sign of further sovereign default troubles for other governments. CMA, a credit information specialist, tracks the worlds most volatile sovereign debt issuers according to percentage changes in their 5 year Credit Default Swaps. On top of their list for the greatest sovereign risks are countries from the former Russian Eastern Bloc, conflict-torn nations, and an oil-rich dictatorship. #1 Venezuela Cumulative Probability of Default: 60% WSJ: "one week ago, the government was forced to begin shutting down seven small banks that together represent up to 12% of banking system deposits, after the public began to...
  • Over 100,000 People Infected By Ukrainian Black Lung In Just Two Days!

    12/04/2009 12:34:39 PM PST · by FromLori · 23 replies · 2,018+ views
    The Business Insider ^ | 12/4/09 | Vince Veneziani
    The panic over the mutated H1N1 flu strain in the Ukraine has reached epic proportions. Over 450 people have died from the strain and nearly 2 million people have been infected: FTO: The new statistics and numbers show that 41 659 people got infected since the day before yesterday. That means that almost 100 000 people got infected in two days. Today's statistics are not there yet but looking at what happened from the 2nd to the 3rd we see that 452 people have now died in the Ukraine because of this plague / H1N1 spreading there. The total of...
  • We Ain't Seen Nothing Yet

    11/26/2009 7:49:42 AM PST · by XHogPilot · 28 replies · 1,674+ views
    Real Clear Politics ^ | Nov 26, 2009 | Victor David Hanson
    When it comes to the problems facing this country, an old slogan comes to mind: "You Ain't Seen Nothing Yet." High unemployment, the recession and a terrorist resurgence in Afghanistan are bad enough. But there are a number of problems on the horizon that could dwarf President Obama's first-year trials. Why the pessimism? In short, we are doing nothing to prepare for the crises to come. (snip) Finally, there is an array of taxes on the horizon -- increased federal income tax rates; promised hikes in health-care surcharge taxes; and even rumors of value-added federal sales taxes. These increases are...
  • GOLD $1,182

    11/25/2009 8:40:56 AM PST · by FromLori · 88 replies · 1,867+ views
    The Business Insider ^ | 11/25/09 | Vince Veneziani
    Gold is on a tear this morning, just breaking $1,182. The dollar is losing serious ground against the Euro during early AM trading. Check out the Euro/Dollar spike in the second chart below.
  • The FDIC Is Broke

    11/24/2009 8:41:11 AM PST · by FromLori · 16 replies · 963+ views
    The Market Ticker ^ | 11/24/09 | Karl Denninger
    Yes, really. Off the wire this morning: FDIC Deposit fund had negative $8.2B balance in Q3 That's broke. Bankrupt. Kaput. Gone. Poof. Dead. Rotting. A corpse. Yes, yes, I know, Treasury has their back. But let's not forget - The FDIC does not have a legal "full faith and credit" guarantee from the US Federal Government and Treasury. It has a "sense of Congress" resolution, but not a formal, legally-binding guarantee. I am not, by the way, predicting an actual FDIC failure to pay. Should such an event happen it would be tantamount to a declaration of revolutionary war (by...
  • Wall Street Equity Traders Panic: The Dow Is Down!

    11/19/2009 1:22:35 PM PST · by FromLori · 22 replies · 1,648+ views
    The Business Insider | 11/19/09 | John Carney|
    Glum trader who missed most of the upside is now convinced the market will only go down for the rest of the year. The Dow is down over a hundred points today and it's making professional traders nervous. We spoke to a friend this morning at a large prop trading desk inside an investment bank and weve never heard him so bleak. He says that all the equity traders on his desk think the market will do nothing but go down for the rest of the year. Were all waiting for the market to crack. And it looks today like...
  • Better Late Than Never..... (Current Stock Market Bubble Explained - Yikes!)

    11/12/2009 8:12:04 AM PST · by PreciousLiberty · 54 replies · 2,288+ views
    The Market Ticker ^ | Thursday, November 12. 2009 | Karl Denninger
    For two and a half years The Market Ticker has pointed out the foibles of The Fed and other claims of "help" for the economy - when the prescription for "help" is just an extension of the same failed policies that created the mess in the first place. But now we are starting to see this show up in the so-called "mainstream media", with the latest being The Wall Street Journal: It takes similar reasoning to reconcile the elation felt across America every time the stock market risespartially replenishing personal investment portfolios and 401(k) retirement planswith the uneasy feeling that...
  • Unemployment Is Really at 22.1%

    11/10/2009 8:00:58 AM PST · by FromLori · 22 replies · 1,336+ views
    Economic Policy Journal ^ | 11/9/09 | Robert Wenzel
    NyPo's John Crudele reports on the latest numbers from Shadow Government Stats and fills in a bit more on how the government is able to whittle down the number to 10.1%: My friend John Williams of Shadow Government Stats thinks the true unemployment rate would be 22.1 percent if everyone -- all discouraged former workers, encouraged, involuntary part-timers and the like -- were included. Here are more numbers to fry your brain and cause a temporary sense of helplessness. The government's household survey (the one from which the unemployment rate of 10.2 percent comes) showed a "decline in employment" of...
  • Coasttocoast - Monday, Nov 9: Meltdown of the dollar

    11/09/2009 6:03:07 PM PST · by djf · 10 replies · 657+ views
    Tonight George Noory will interview Charles Goyette about what some say is an inevitable collapse of the dollar. Should be an interesting show!!
  • A Big, Fat Stock Market Selloff

    10/20/2009 6:38:23 PM PDT · by blam · 32 replies · 1,690+ views
    The Daily Reckoning ^ | 10-20-2009 | Eric Fry
    A Big, Fat Stock Market Selloff By Eric Fry 10/20/09 Laguna Beach, California Stocks prices are very, very high Our contrarian colleagues over at The 5-Minute Forecast continuously lamentwhich means that the collective anxiety of investors is very, very low. Our colleagues dont mind that a rising stock market is adding trillions of dollars to the asset side of household balance sheets. Thats good news. But the worrisome part is that a falling stock market could erase those trillions from the ledger just as quickly as they first appeared. And as our colleagues correctly point out, rising share prices,...
  • Dollar Reaches Breaking Point as Banks Shift Reserves (Update2)

    10/12/2009 8:10:53 AM PDT · by FromLori · 31 replies · 2,341+ views
    Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades. Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion, according to data compiled by Bloomberg. Nations reporting currency breakdowns put 63 percent of the new cash into euros and yen in April, May and June, the latest Barclays Capital data show. Thats the highest percentage in any quarter with more than an $80 billion increase. World leaders are acting...
  • Gold at $3,000 an ounce is going to look dirt cheapbefore 2010 is done. Heres why:

    10/05/2009 12:15:28 PM PDT · by FromLori · 74 replies · 3,076+ views
    The US already has over $100 Trillion in obligations. The stimulus spending will not stop and cannot stop. Unemployment is still rising. Home prices are still falling. Rates must be kept low. The US wants to re-flate its economy. A weaker dollar helps accomplish this. The United States wants and needs a weaker dollar. Meanwhile China is still growing, building out infrastructure and locking down huge quantities of commodities through deals with major companies and countries worldwide. The also have over $2 TRILLION in foreign currency reserves Fiat Money. Of course the Chinese now wisely want to aggressively diversify out...
  • End the War on Drugs [Ron Paul]

    03/30/2009 6:49:14 PM PDT · by rabscuttle385 · 156 replies · 4,999+ views
    We have recently heard many shocking stories of brutal killings and ruthless violence related to drug cartels warring with Mexican and US officials. It is approaching the fever pitch of a full blown crisis. Unfortunately, the administration is not likely to waste this opportunity to further expand government. Hopefully, we can take a deep breath and look at history for the optimal way to deal with this dangerous situation, which is not unprecedented. Alcohol prohibition in the 1920s brought similar violence, gangs, lawlessness, corruption and brutality. The reason for the violence was not that making and selling alcohol was inherently...
  • Seven Uncomfortable Predictions for the Economy

    03/30/2009 2:23:05 PM PDT · by arthurus · 13 replies · 1,306+ views
    Seeking Alpha ^ | March 30,2009 | Jennifer Bawden
    Feverish speculators were ripped in half. Intoxicated investors are still nursing healthy scars. Its like the movie Sharks. As you slowly start dipping your toe in after the last brutal market attack and you get ready for the spring swimming season here are seven clear and present dangers you need to watch out for:
  • Ron Paul predicts 15-yr depression, dollar crash in 1-4 yrs

    03/25/2009 10:11:15 AM PDT · by Dada Orwell · 68 replies · 3,663+ views New projections from Ron Paul as his prominence in the mainstream media continues to increase.
  • Video: Biden falsely claims Jindals state is losing 400 jobs a day

    02/26/2009 6:56:29 PM PST · by tomnbeverly · 30 replies · 1,064+ views ^ | 2/26/09 | by Allahpundit
    Why would a sitting VP want to exaggerate how many jobs are disintegrating on his watch? Because, silly, the worse things seem now, the easier it is to credit The One later with having created or saved the jobs people still have. You know what the media did here, dont you? They messed with Joe. Click the image to watch.
  • If You Are Contracepting, You Are Part of A Very Big Problem

    01/27/2009 11:06:53 AM PST · by NYer · 152 replies · 3,257+ views
    Madrid Blogspot ^ | January 27, 2009 | Patrick Madrid
    Global aging, combined with plummeting birth rates, is a catastrophically dangerous menace that only a few people seem to be waking up to. You may not be familiar with terms like “global aging” and “demographic winter,” but you will be soon. I've been giving public lectures on the problem of global aging for the past 7 years or so, and my audiences are always shocked and dumbfounded as I explain how the West's ever expanding population of old people (due, thank God, to the ever-improving capabilities of bio-medical science), while a good thing in itself, will soon become a prime...
  • It could come to this (A calamitous recession could lead to public unrest)

    01/22/2009 12:32:51 AM PST · by TigerLikesRooster · 129 replies · 3,695+ views
    The First Post ^ | 01/15/09 | David Cox
    Were all (quite possibly) doomed David Cox on the social consequences of recession Wary of sparking panic, politicians are neglecting to acknowledge the true scale of the catastrophe that may await us, says David Cox By David Cox FIRST POSTED JANUARY 15, 2009 There is something oddly muted about current discussion of our economic difficulties. The Government fears we may have to wait until the second half of the year for an upturn. The Opposition warns that counter-recessionary measures may mean higher taxes in future. We should be so lucky. Doubtless those in charge of our destiny are wary of...
  • NY Times the prophet of Doom and Gloom

    01/05/2009 10:00:32 AM PST · by BreeLee · 3 replies · 258+ views
    Stop The ACLU ^ | Dec 26, 2009 | Warner Todd Huston
    Imagine theres no religion, its easy for The New York Times to do even in a Christmas Day editorial that somehow forgets that Christmas is about Christs birth. In fact, the NYT decided that this Christmas was its opportunity to wallow in worse-than-ever sentiments and to bemoan that this years Christmas isnt as good as it used to be. Oh, they tried to dress it up a bit by saying it is great to have a Christmas that gets us back to basics and also by slipping in some global warming clap trap, but it is still a...
  • Mission Accomplished II

    11/25/2008 5:37:22 AM PST · by Kaslin · 8 replies · 577+ views ^ | November 25, 2008 | Cal Thomas
    Nineteen months after Senate Majority Leader Harry Reid declared the war in Iraq "lost" and just nine months after Speaker Nancy Pelosi asserted the war has been a "failure" because it had not brought political change leading to reconciliation, it can now be said conclusively that both were wrong. One of the great military reversals in history is close to achieving victory. That is contributing to stability in Iraq, along with reconciliation between warring factions. These conclusions are contained in a report compiled by retired General Barry R. McCaffrey after a recent visit to Iraq during which he consulted with...
  • Signing Off (Mark Steyn)

    10/08/2008 6:39:45 AM PDT · by steve-b · 119 replies · 5,834+ views
    National Review ^ | 10/8/08 | Mark Steyn
    This reader out-Andies Andy: Well I have gone outside and pulled up my Mcain/Palin sign. This election is over. I will vote for Mcain but I know that come Nov. 5 Obama will be our president-elect. I feel sorry for Sarah Palin. A once promising career will be permanently connected to the landside loss of John McCain. I weep for my children and their families. Steady on. This next month is going to be a long month. Lots of things will happen. But McCain has to make some of them happen. His charge that Obama doesn't know the difference between...
  • Carnage In The Markets! Carnage In The Markets! Oops, Never Mind!

    09/30/2008 6:35:11 AM PDT · by goldstategop · 70 replies · 498+ views
    Michelle ^ | 9/30/2008 | Michelle Malkin
    Dont look now, but stocks are down a whopping 1 percent in Germany and are flat in Britain and France. U.S. markets are poised to open higher. Most Asian stock markets are holding up well too. The Shanghai Composite closed down just 0.2 percent; the Hang Seng closed up 0.8 percent; Bombays BSE 30 closed finished the day up 2.1 percent. Flashback: The US stock market could suffer a devastating crash with shares losing a third of their value this week if Hank Paulsons financial bailout plan fails, US Treasury officials have warned.
  • Some Perspective For The Chicken Littles (Michelle Malkin: The Sky Ain't Falling, People!)

    09/29/2008 2:35:06 PM PDT · by goldstategop · 42 replies · 1,687+ views
    Michelle ^ | 9/29/2008 | Michelle Malkin
    Todays stock market drop is a record point drop, but does not even crack the top 10 single-day percentage drops in American history. Lets stop pounding the panic buttons. *** On FNC right now, Neil Cavuto emphasizes that lending is going on and puts a damper on Heather Nauerts panic-button heaving about credit-freeze anecdotes. Are there businesses getting turned down for loans? Yes. Heres a novel thought: Maybe banks are finally learning they shouldnt fork over money to bad risks. *** Reader Jamie e-mails this link to a history of US stock market crashes and adds: I like that the...
  • BusinessWeek 'Recession in America' Blog Goes Belly-up

    08/01/2008 8:04:41 AM PDT · by Rufus2007 · 7 replies · 187+ views ^ | August 1, 2008 | Jeff Poor
    Looking for new and innovative ways to spread the doom-and-gloom news associated with the economic downturn, BusinessWeek magazine launched a recession blog on its Web site back in May to give a personalized glimpse into "recession" hardships. "This blog is one of the places we'll tell these stories," reporter Tim Catts wrote on the blog's first post on May 2. "Here, we'll jump into the conversation about where the economy is and where it's going. Yes, sometimes we'll look at the latest data. Sometimes we'll share observations from the road. The goal is to give readers real stories about...
  • The global slump of 2008-09 has begun as poison spreads

    05/12/2008 6:09:41 PM PDT · by bruinbirdman · 50 replies · 155+ views
    The Telegraph ^ | 5/13/2008 | Ambrose Evans-Pritchard
    The avalanche of bankruptcies has begun. Six US companies of substance have defaulted on bonds over the past fortnight, against 17 for the whole of last year. As a "non-believer" in the instant rebound story, I am not easily shocked by gloomy reports. But the latest note by Standard & Poor's - The Bust After The Boom - gave me a fright. The sick list is varied, though most for now are victims of the housing crash: Linens 'n Things, ($650m), Kimball Hill ($703m), Home Interiors ($310m), French Lick Resorts ($142m), Recycled Paper Greetings ($187m), and Tropicana Entertainment ($2.49bn). As...