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Monday, October 31, 2011

Business Insider

http://www.businessinsider.com/russia-oil-pavlovo-lukoil-2011-10?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Europe%20Select&utm_campaign=Europe%20Select%20Mondays%202011-11-01


Life is good.

Business Insider

http://www.businessinsider.com/its-friday-here-is-what-the-white-house-hopes-you-dont-read-2011-10?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Politix%20Select&utm_campaign=Politics%20Select%20Mondays%202011-10-31


Life is good.

The Red Flag in Today’s GDP Report - Real Time Economics - WSJ

http://blogs.wsj.com/economics/2011/10/27/the-red-flag-in-todays-gdp-report/


Life is good.

Financial Armageddon: Numbers Game

http://www.financialarmageddon.com/2011/10/numbers-game.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+financialarmageddon+%28Financial+Armageddon%29


Life is good.

Bank Stocks Ablaze!

Humor

My doctor gave me six months to live, but when I couldn't pay the bill he gave me six months more.

Looks Like Thieves Used Fighting To Cover Theft Of Libyan Treasures : The Two-Way : NPR

Looks Like Thieves Used Fighting To Cover Theft Of Libyan Treasures : The Two-Way : NPR

How Much are You Really Worth? - Forbes

How Much are You Really Worth? - Forbes

BBC News - ILO: World economy on verge of new jobs recession

BBC News - ILO: World economy on verge of new jobs recession

Japan intervenes to tame soaring yen ahead of G20 | Reuters

Japan intervenes to tame soaring yen ahead of G20 | Reuters

MF Global Said to Be in Deal Talks With Interactive Brokers - NYTimes.com

MF Global Said to Be in Deal Talks With Interactive Brokers - NYTimes.com

RSOE EDIS - Nuclear Event in Pakistan on Monday, 31 October, 2011 at 04:25 (04:25 AM) UTC. EDIS CODE: NC-20111031-32885-PAK

RSOE EDIS - Nuclear Event in Pakistan on Monday, 31 October, 2011 at 04:25 (04:25 AM) UTC. EDIS CODE: NC-20111031-32885-PAK

American Familys’ Money: Where Does It Go? | The Big Picture

American Familys’ Money: Where Does It Go? | The Big Picture

Sunday, October 30, 2011

Interesting Article on Fluent News

I'm reading about 'Long list of dangers ahead for global economy' on Fluent News. Here is the link: http://fluentnews.com/s/27191631


Face piles and piles of trials with smiles.

Obama Looks Forward to the Return of 'Speaker Pelosi' in 2013

http://michellemalkin.com/2011/10/30/obama-pelosi/


Face piles and piles of trials with smiles.

From POLITICO - Deficit reduction still a devil deal


Someone using POLITICO for iPad wants to share this article with you:


Title: Deficit reduction still a devil deal

Link: <http://politi.co/sxVweX>

If you have an iPad, but don't have the POLITICO for iPad app, you can get it for FREE here:


<http://itunes.apple.com/app/politico-for-ipad/id406349184?mt=8>



Face piles and piles of trials with smiles.

America: Excelling at Mediocri... (blogs.hbr.org)



America: Excelling at Mediocrity
http://blogs.hbr.org/haque/2011/10/america_excelling_at_mediocrit.html

---
Sent from Zite personalized magazine iPad app.
Available for free in the App Store.
www.zite.com


Face piles and piles of trials with smiles.

"We Are All Greeks" - SocGen P... (zerohedge.com)



"We Are All Greeks" - SocGen Presents The New World Order
http://www.zerohedge.com/news/we-are-all-greeks-socgen-presents-new-world-order

---
Sent from Zite personalized magazine iPad app.
Available for free in the App Store.
www.zite.com


Face piles and piles of trials with smiles.

IMMINENT THREAT: Foreign Borro... (businessinsider.com)



IMMINENT THREAT: Foreign Borrowings Will Lead To The Destruction Of The US Financial System
http://www.businessinsider.com/clear-and-present-danger-foreign-borrowing-poses-an-imminent-threat-to-the-us-dollar-and-us-financial-system-2011-10

---
Sent from Zite personalized magazine iPad app.
Available for free in the App Store.
www.zite.com


Face piles and piles of trials with smiles.

Surprise! No warming in last 1... (hotair.com)



Surprise! No warming in last 11 years - Hot Air
http://hotair.com/archives/2011/10/30/surprise-no-warming-in-last-11-years/

---
Sent from Zite personalized magazine iPad app.
Available for free in the App Store.
www.zite.com


Face piles and piles of trials with smiles.

Bank of America Hires Morgan Stanley’s Koh for Equity Derivatives Trading - Bloomberg

Bank of America Hires Morgan Stanley’s Koh for Equity Derivatives Trading - Bloomberg:

'via Blog this'

Anonymous Threatens Mexico’s Murderous Drug Lords | Danger Room | Wired.com

Anonymous Threatens Mexico’s Murderous Drug Lords | Danger Room | Wired.com

The New Arms Race: Hunter Killer Drones | The Big Picture

The New Arms Race: Hunter Killer Drones | The Big Picture

Insight: Firms to charge smokers, obese more for healthcare | Reuters

Insight: Firms to charge smokers, obese more for healthcare | Reuters:

'via Blog this'

Calculated Risk: January Employment Report: 598,000 Jobs Lost, Unemployment Rate 7.6%

Calculated Risk: January Employment Report: 598,000 Jobs Lost, Unemployment Rate 7.6%

Calculated Risk: February Economic Summary in Graphs

Calculated Risk: February Economic Summary in Graphs

Ezra Klein - What Americans think about income inequality in one graph

Ezra Klein - What Americans think about income inequality in one graph

Twitter / Home

Twitter / Home:

'via Blog this'

Higher Education Bubble Update: Colleges And Universities Charging $50k+ Increases 25X In 3 Yrs.

Higher Education Bubble Update: Colleges And Universities Charging $50k+ Increases 25X In 3 Yrs.

Surprise! NYT reports Libya Reopens for (Western) Business

Surprise! NYT reports Libya Reopens for (Western) Business

Movie Review: Margin Call

Movie Review: Margin Call

Monetary Policy Week In Review – 30 Oct 2011

Monetary Policy Week In Review – 30 Oct 2011

A Ron Paul Third Party Run Has The Other Candidates “Shaking In Their Shoes” « RunRonPaul.com

A Ron Paul Third Party Run Has The Other Candidates “Shaking In Their Shoes” « RunRonPaul.com

The Market's Next 1,000-Point Move - Money Morning

The Market's Next 1,000-Point Move - Money Morning

111029 - Hyper Report

Obama: Americans Lack the Imagination, Ambition and Willingness to Achieve Greatness - Conservative Christian Onward

Obama: Americans Lack the Imagination, Ambition and Willingness to Achieve Greatness - Conservative Christian Onward

EU: Treaty of debt (ESM) - stop it now!

Macs are invading the business world, study says | The Digital Home - CNET News

Macs are invading the business world, study says | The Digital Home - CNET News

Can Apple make more stuff in the USA? | Nanotech - The Circuits Blog - CNET News

Can Apple make more stuff in the USA? | Nanotech - The Circuits Blog - CNET News:

'via Blog this'

When Humans Hit 7 Billion, Will It Happen In India? : NPR

When Humans Hit 7 Billion, Will It Happen In India? : NPR:

'via Blog this'

Obama's Slashing of Deportations Puts Citizens at Risk

Obama's Slashing of Deportations Puts Citizens at Risk

Absurd Comment of the Week; Peter Principle in Action

Absurd Comment of the Week; Peter Principle in Action

Czech PM Considers Referendum to Halt Joining EU

Czech PM Considers Referendum to Halt Joining EU

U.S. to boost Gulf presence after Iraq pullout: report | Reuters

U.S. to boost Gulf presence after Iraq pullout: report | Reuters:

'via Blog this'

Saturday, October 29, 2011

Amazing NASA Video Of A Decade Of Earth’s Fires

Amazing NASA Video Of A Decade Of Earth’s Fires

The Week Ahead: FOMC Meeting And Announcement, Bernanke’s Press Conference, ECB Meeting And Announcement, US Employment Report, ISM Manufacturing, ISM Services

The Week Ahead: FOMC Meeting And Announcement, Bernanke’s Press Conference, ECB Meeting And Announcement, US Employment Report, ISM Manufacturing, ISM Services

RSOE EDIS - Epidemic Hazard in USA on Friday, 28 October, 2011 at 13:53 (01:53 PM) UTC. EDIS CODE: EH-20111028-32855-USA

RSOE EDIS - Epidemic Hazard in USA on Friday, 28 October, 2011 at 13:53 (01:53 PM) UTC. EDIS CODE: EH-20111028-32855-USA

Bob Chapman rides again


In the US and the UK banks are insolvent as well, because books are market-to-model, not to market and many carry two sets of books. Without a total audit one does not know the actual condition of these financial institutions. Market players and investors do not want to know the truth, because they cannot handle it. It means it is the end of the game – it’s over. That is why Wall Street and the City of London casts a blind eye at all the government manipulation going on. They go with the flow hoping the system will keep functioning.
Americans and others have been sold a bill of goods concerning US supremacy in the business and financial worlds, which means they have been propagandized since WWII. It is beyond the capability of most Americans to understand that they have been sold one lie after another and they bought it hook, line and sinker. Even if they discover the truth making seminal changes is very difficult. Thus, you can have 70% of people over 65 years old that have discovered the truth that are generally incapable of acting on it. The 25% of these retirees that have investable funds are frozen in the headlights and few make the necessary changes to hold on to their assets. If their assets remained static inflation is destroying their purchasing power year after year. Some will switch into gold and silver related assets, but very few. Good people who have led exemplary lives could lose most of their assets if they do not make changes. Once the system goes down there will be no way back. Ask the people who didn’t listen in 1929.
Now that Europe has a new formula to ostensibly save the euro zone and the EU we can for the time being take a look at other problems. We find many smaller and medium sized banks cannot payback TARP funds. That means some of them may be approaching insolvency. We also notice that the FDIC for some time no longer issue late Friday updates on bank failures. Municipalities are having major trouble and that will continue. It is taking a little longer than expected for these entities to head into bankruptcy. Many know the government is broke, so it is no longer a secret. Those who feel safe in an FDIC bank account had best think again. The FDIC is broke and if they had to pay off billions they could not, unless Congress gave them more money to do so, which the Fed would create out of thin air, and cause more inflation. The public’s shocked and in denial and that state will only change gradually and eventually these Americans will pull their funds out of the system and put the proceeds into gold and silver coins, bullion and shares.
That means they will be able to function when checks, debit and credit cards no longer work.
We are entering a time of falling currencies, as more and more money and credit are created to save the system and the power centers of the Illuminists. Now that for now Europe has been saved, al the elitists have to deal with is the fallout from QE 3. That should occur soon. That is why the PPT is still trying to keep gold and silver down. It won’t matter, because gold and silver will still go higher.
After 5-months of dithering, Europe has finally put together a temporary deal to save Greece, the euro zone and perhaps the EU.
Bondholders, mostly banks, accepted a 50% write down on Greece debt. This deal was offered two years ago, but the banks and Germany refused the offer.
            The funds available are $517 billion, which will be elevated by use of derivatives to $1.4 trillion. That should last a year dependent on how much money insolvent members will need. We call this temporary, because of a fast slowing economy and the needs for new lower interest loans by Ireland and Portugal. If our original estimate for the six countries is correct this exercise will have to be done three more times over the next two years. Not one of these bankers and politicians dare look down the road at the future. The problem has not been solved; it has just been extended

DOJ Outrageous Spending Devouring Taxpayer Money

More Lies and Deceptions

Articles: Who is Barack Obama?

Articles: Who is Barack Obama?

White House Orders Review Of Energy Department Loans In Wake Of Solyndra Scandal | Fox News

White House Orders Review Of Energy Department Loans In Wake Of Solyndra Scandal | Fox News:

'via Blog this'

British soldiers in Libya operation going home - CNN.com

British soldiers in Libya operation going home - CNN.com

Mish's Global Economic Trend Analysis: Fitch says 50% Haircuts would Constitute Default; No Official Ruling from ISDA Yet; Wrong Decision Could Kill CDS Market; How Will Setup be Resolved?

Mish's Global Economic Trend Analysis: Fitch says 50% Haircuts would Constitute Default; No Official Ruling from ISDA Yet; Wrong Decision Could Kill CDS Market; How Will Setup be Resolved?

Financial Armageddon: No Sign of Recovery

Financial Armageddon: No Sign of Recovery

Secrets Not Saif: Gaddafi shadow haunts West's dodgy deals

The Impact Of Seven Billion People

The Impact Of Seven Billion People

Oil Boomtowns Of ND: 2k Job Openings Every Day

Oil Boomtowns Of ND: 2k Job Openings Every Day

10.28.11 Weekly Recap «

10.28.11 Weekly Recap «

Toure, MSNBC's Resident 9/11 Truther, Slams Rick Perry as a Birther | NewsBusters.org

Toure, MSNBC's Resident 9/11 Truther, Slams Rick Perry as a Birther | NewsBusters.org

With Lobbyist Donors, Obama Lets Himself Off On A Technicality | Fox News

With Lobbyist Donors, Obama Lets Himself Off On A Technicality | Fox News

Friday, October 28, 2011

MSNBC Analyst: GOP Sees Herman Cain as a 'Black Man Who Knows His Place' | The Weekly Standard

MSNBC Analyst: GOP Sees Herman Cain as a 'Black Man Who Knows His Place' | The Weekly Standard

Occupy Phoenix Veterans with AR 15s keeping the Occupation safe

10 Signs That The American People Are Angrier Than Ever And Record Setting Government Transfer Payments Are Not Pacifying Them

10 Signs That The American People Are Angrier Than Ever And Record Setting Government Transfer Payments Are Not Pacifying Them

Sarajevo US Embassy Attack: Video Shows Moment Attacker Was Shot

Sarajevo US Embassy Attack: Video Shows Moment Attacker Was Shot:

'via Blog this'

Behind The Personal Income Headline

Behind The Personal Income Headline

Rising Income Inequality For The Texas Rangers. So?

Rising Income Inequality For The Texas Rangers. So?

Public Worker Overtime Binge In California Contributes To The State’s $19 Billion Deficit

Public Worker Overtime Binge In California Contributes To The State’s $19 Billion Deficit

Best Newspaper Sentence of the Day

Best Newspaper Sentence of the Day

Chart of the Day - The Dow is down over 20% since 1999 peak

Chart of the Day - The Dow is down over 20% since 1999 peak

Mish's Global Economic Trend Analysis: Good News for Bears: Torture by Rumor Ends

Mish's Global Economic Trend Analysis: Good News for Bears: Torture by Rumor Ends

Mish's Global Economic Trend Analysis: Credit Default Swaps Useless as Hedge Against Default; CDS on Greece a Purposeful Sham; Derivatives King Always Wins

Mish's Global Economic Trend Analysis: Credit Default Swaps Useless as Hedge Against Default; CDS on Greece a Purposeful Sham; Derivatives King Always Wins

OCCUPY OAKLAND - Scott Olsen Was Shot In The Head Intentionally From Less Than 10 Feet By The Same Officer Who Threw The Flash Grenade (Video) - Home - The Daily Bail

OCCUPY OAKLAND - Scott Olsen Was Shot In The Head Intentionally From Less Than 10 Feet By The Same Officer Who Threw The Flash Grenade (Video) - Home - The Daily Bail

Assessing the Damage of the European Banking Crisis | The Big Picture

Assessing the Damage of the European Banking Crisis | The Big Picture

Succinct Summation Of Week’s Events (10/28/2011) | The Big Picture

Succinct Summation Of Week’s Events (10/28/2011) | The Big Picture

Boehner Won't Rule Out 'Balanced Budget Amendment' That Permits Unlimited Federal Spending | CNSnews.com

Boehner Won't Rule Out 'Balanced Budget Amendment' That Permits Unlimited Federal Spending | CNSnews.com

Hillary Clinton:‘No Evidence’ DOJ Sought Required License to Send Guns to Mexico in ‘Fast and Furious’ | CNSnews.com

Hillary Clinton:‘No Evidence’ DOJ Sought Required License to Send Guns to Mexico in ‘Fast and Furious’ | CNSnews.com

Injured Vet Spent Days at Work, Nights at Protest

111028 - Hyper Report

NewsBusted 10/28/11

European Contagion Turns Positive, Will it Last? - Money Morning

European Contagion Turns Positive, Will it Last? - Money Morning

Obama takes risky stance against the rich - FT.com

Obama takes risky stance against the rich - FT.com

4 Arrested In ‘Sign Of The Times’ Crime Spree In Philadelphia « CBS Philly

4 Arrested In ‘Sign Of The Times’ Crime Spree In Philadelphia « CBS Philly

London 'under constant attack' from EU, says Cameron

London 'under constant attack' from EU, says Cameron

House panel may subpoena White House documents

House panel may subpoena White House documents

Israeli prisoner swap may be prelude to attack on Iran - Washington Times

Israeli prisoner swap may be prelude to attack on Iran - Washington Times

Financial Armageddon: Not Sustainable

Financial Armageddon: Not Sustainable:

'via Blog this'

Google Refuses Law Enforcement Request To Remove Videos Of Police Brutality From YouTube*

Google Refuses Law Enforcement Request To Remove Videos Of Police Brutality From YouTube*:

'via Blog this'

Gauging the Fallout of Another Rescue - NYTimes.com

Gauging the Fallout of Another Rescue - NYTimes.com

Bipartisan Group of 100 Lawmakers to Urge $4 Trillion Deficit-Cutting Deal - Washington Wire - WSJ

Bipartisan Group of 100 Lawmakers to Urge $4 Trillion Deficit-Cutting Deal - Washington Wire - WSJ

Thursday, October 27, 2011

Interesting Article on Fluent News

I'm reading about 'Lobbyists playing key role in 2012 fundraising' on Fluent News. Here is the link: http://fluentnews.com/s/27184584


Life is good.

Pendulum Waves - YouTube

Pendulum Waves - YouTube

Religious Violence, Uncertainty In Post-Mubarak Egypt Threatens Ties To Israel, U.S. | Fox News

Religious Violence, Uncertainty In Post-Mubarak Egypt Threatens Ties To Israel, U.S. | Fox News

Supercommittee Dems push for stimulus to be part of deficit deal - The Hill's On The Money

Supercommittee Dems push for stimulus to be part of deficit deal - The Hill's On The Money

Obama: If I Lose 2012, Government will tell you &quot;You're On Your Own&quot; - Conservative Christian Onward

Obama: If I Lose 2012, Government will tell you &amp;quot;You're On Your Own&amp;quot; - Conservative Christian Onward

An Unlikely New Supporter for Alternative Energy - Money Morning

An Unlikely New Supporter for Alternative Energy - Money Morning

Dispatch: Implications of a Mexican Drug Lord's Capture

Hartmann: What #OWS & The Tea Party Agree on to Revolutionize America

Greek Accord Won’t Trigger Credit-Default Swaps, ISDA Rules Say - Businessweek

Greek Accord Won’t Trigger Credit-Default Swaps, ISDA Rules Say - Businessweek

The Top Ten Richest Celebrities Supporting OWS Have A Combined Net Worth Of $1.255 Billion

The Top Ten Richest Celebrities Supporting OWS Have A Combined Net Worth Of $1.255 Billion

Romney Is Right On Housing

Romney Is Right On Housing

Japan Adds 5 Trillion To Quantitative Easing Program

Japan Adds 5 Trillion To Quantitative Easing Program

BREAKING - EU Official: Bank Bondholders Agree To 50% Cut On Greek Debt - Home - The Daily Bail

BREAKING - EU Official: Bank Bondholders Agree To 50% Cut On Greek Debt - Home - The Daily Bail

California's Democratic Governor Will Propose Major Public-Employee Pension Cuts | CNSnews.com

California's Democratic Governor Will Propose Major Public-Employee Pension Cuts | CNSnews.com

Iran Rallies in Support of U.S. Protesters, Urges U.N. to Probe Police Response | CNSnews.com

Iran Rallies in Support of U.S. Protesters, Urges U.N. to Probe Police Response | CNSnews.com

Markets In Everything: Urban Farm Pods

Markets In Everything: Urban Farm Pods

Multimillionaire Moore Denies He’s In The Top 1%

Multimillionaire Moore Denies He’s In The Top 1%

EU Bailout. Roger. Any Questions? Roger.

GW Radio Live: Crack Whores Angela Merkel & Nicolas Sarkozy Leverage Eur...

An Open Message to the 99% (Occupy Wall Street)

What Do Big Corporations Pay in Taxes? | The Big Picture

What Do Big Corporations Pay in Taxes? | The Big Picture

From 7 Billion People To 500 Million People – The Sick Population Control Agenda Of The Global Elite

From 7 Billion People To 500 Million People – The Sick Population Control Agenda Of The Global Elite

Matt Taibbi | Taibblog | Politics | Rolling Stone

Matt Taibbi | Taibblog | Politics | Rolling Stone

MARINES TO OAKLAND POLICE: 'You Did This To My Brother'

MARINES TO OAKLAND POLICE: 'You Did This To My Brother'

Stanford Students Don't Like StanfordNY

Stanford Students Don't Like StanfordNY

Tonopah Solar secures US$737 million loan guarantee from US DOE for its Crescent Dunes CSP project | PV-Tech

Tonopah Solar secures US$737 million loan guarantee from US DOE for its Crescent Dunes CSP project | PV-Tech

Albert Edwards: "The Eurozone Crisis Will Get Much, Much Worse" And "The ECB Will Print" | ZeroHedge

Albert Edwards: "The Eurozone Crisis Will Get Much, Much Worse" And "The ECB Will Print" | ZeroHedge

Depoliticize Everything - Stephen Mauzy - Mises Daily

Depoliticize Everything - Stephen Mauzy - Mises Daily

Marcellus Shale Gas Has Been Very Good For Pennsylvania’s Labor Market And Overall Economy

Marcellus Shale Gas Has Been Very Good For Pennsylvania’s Labor Market And Overall Economy

Forex – Weaker Dollar Hovering Above Record Low Against Yen

Forex – Weaker Dollar Hovering Above Record Low Against Yen

Dissecting a Mexican Cartel Bombing in Monterrey | STRATFOR

Dissecting a Mexican Cartel Bombing in Monterrey | STRATFOR

Chart of the Day - S&P 500 PE ratio at 21-year lows

Chart of the Day - S&P 500 PE ratio at 21-year lows

You've Come A Long Way, Baby

You've Come A Long Way, Baby

Guess Who Ron Paul Would Pick As His Fed Chair

Guess Who Ron Paul Would Pick As His Fed Chair

Durable Goods Continue Negative Trend

Durable Goods Continue Negative Trend

Mish's Global Economic Trend Analysis: License to Lie: The "Most Transparent Administration Ever" Seeks Law to Respond to Freedom of Information Requests with "Information Does Not Exist"

Mish's Global Economic Trend Analysis: License to Lie: The "Most Transparent Administration Ever" Seeks Law to Respond to Freedom of Information Requests with "Information Does Not Exist"

Consumers Are Spending More

Consumers Are Spending More

Oil Quiz

Oil Quiz

Gold Futures Add To Gains Amid EU Uncertainty

Gold Futures Add To Gains Amid EU Uncertainty

Cartoon Of The Day: Where To Find The Real 1%

Cartoon Of The Day: Where To Find The Real 1%

Transportation Pulls Down Durable Goods

Transportation Pulls Down Durable Goods

Rajat Gupta: Timeline Of Insider Trading Case Against Former Goldman Sachs Director - Home - The Daily Bail

Rajat Gupta: Timeline Of Insider Trading Case Against Former Goldman Sachs Director - Home - The Daily Bail

Analysts: Obama Student Loan Policies Ignore the Real Problem – College Costs | CNSnews.com

Analysts: Obama Student Loan Policies Ignore the Real Problem – College Costs | CNSnews.com

Crude Oil, Gold Prices Look To EU Summit Outcome For Direction Cues

Crude Oil, Gold Prices Look To EU Summit Outcome For Direction Cues

Border Patrol Agent Diaz gets two years prison for handcuffing illegal alien - National Homeland Security | Examiner.com

Border Patrol Agent Diaz gets two years prison for handcuffing illegal alien - National Homeland Security | Examiner.com

Keiser Report: Clowns Run World (E202)

Private Military Firms and a post 2011 Iraq | The American Legion's BurnPit

Private Military Firms and a post 2011 Iraq | The American Legion's BurnPit

In Praise of Credit Checks - Jeffrey A. Tucker - Mises Daily

In Praise of Credit Checks - Jeffrey A. Tucker - Mises Daily

Bob Chapman


Central banks are accommodators to keep their system going, because if the elitists lose control of the financial systems they lose their power and wealth. That in part is why no effort has been made to restore economies. These extraordinary measures have for the moment kept US, UK and European economies from falling off a cliff, but that game cannot be played indefinitely. One of the factors not mentioned and shunted aside is the penalty of inflation from unbridled monetary excesses. In the US we see 11.6%, in England 12.5% and in Europe 7%. What professionals do not want to recognize is that economies and the financial structure are fighting a losing battle.
Markets have discounted a perfect recovery for Europe and that is not going to happen. If they work it out it will take years to reach normality. If they purge the system it will take five years, which will produce great pain and deprive the bankers, Wall Street and the City of London of their power.
Britain, supposedly is suffering from the European financial contagion. We do not think they are as yet, but they could suffer in the future. Britain created their own set of problems and they will have to live with them.
We have heard NYC legacy banks are on the hook for about $150 billion Greek CDS, credit default swaps. $39 billion of that belongs to JPMorgan. That is the main reason why the US Treasury and the Fed want Greece bailed out and all European banks recapitalized, along with unlimited issuance of money and credit. 

Italy’s Berlusconi Government Stands On The Brink And So Does The EFSF | The Daily Capitalist

Italy’s Berlusconi Government Stands On The Brink And So Does The EFSF | The Daily Capitalist

Mish's Global Economic Trend Analysis: Holiday Price Wars Begin Because "Price Matters"

Mish's Global Economic Trend Analysis: Holiday Price Wars Begin Because "Price Matters"

AllGov - News - Wartime Contracting Panel Seals Records for Next 20 Years

AllGov - News - Wartime Contracting Panel Seals Records for Next 20 Years

"Stage Two" of the BP Gulf of Mexico Environmental Disaster

"Stage Two" of the BP Gulf of Mexico Environmental Disaster

Dispatch: Divergent Views of the EU and Russia in the Baltic States

Wednesday, October 26, 2011

U.S. Gov't Financial Regulators Earn Tax-Funded Salaries of $225,000-Plus | CNSnews.com

U.S. Gov't Financial Regulators Earn Tax-Funded Salaries of $225,000-Plus | CNSnews.com

Why the SEC Won’t Hunt Big Dogs - ProPublica

Why the SEC Won’t Hunt Big Dogs - ProPublica:

'via Blog this'

Report: Super Committee Democrats Caving On Medicare Benefits Cuts

Report: Super Committee Democrats Caving On Medicare Benefits Cuts:

'via Blog this'

Greece unrest: Athens clashes amid general strike

US building Shiny new Bagram Prison

Ron Paul on Cavuto: Ron Paul Brings In Almost 3 Million Dollars In Money...

Ron Paul - "Friend" of Israel?

Durable Goods Continue Negative Trend | The Daily Capitalist

Durable Goods Continue Negative Trend | The Daily Capitalist

Occupy Wall Street We Are the 99% ∞ Peter Schiff I Am The 1% Lets Talk (2/2) - YouTube

Occupy Wall Street We Are the 99% ∞ Peter Schiff I Am The 1% Lets Talk (2/2) - YouTube:

'via Blog this'

Occupy Wall Street We Are the 99% ∞ Peter Schiff I Am The 1% Lets Talk (1/2) - YouTube

Occupy Wall Street We Are the 99% ∞ Peter Schiff I Am The 1% Lets Talk (1/2) - YouTube

Obama Refinance Program Expands Fannie, Freddie Help for Underwater Mortgage Holders | CNSnews.com

Obama Refinance Program Expands Fannie, Freddie Help for Underwater Mortgage Holders | CNSnews.com

Napolitano: Jailed Illegals Will Get Phone Number to Report Civil Rights Violations | CNSnews.com

Napolitano: Jailed Illegals Will Get Phone Number to Report Civil Rights Violations | CNSnews.com

Articles: Obama 'Can't Wait' for the Rule of Law

Articles: Obama 'Can't Wait' for the Rule of Law

Supercommittee Democrats Said to Propose $3 Trillion Debt Plan - Businessweek

Supercommittee Democrats Said to Propose $3 Trillion Debt Plan - Businessweek

Who will benefit from Obama's student loan plan? - Political Hotsheet - CBS News

Who will benefit from Obama's student loan plan? - Political Hotsheet - CBS News

Europe Agrees on Plan to Inject Capital Into Banks - NYTimes.com

Europe Agrees on Plan to Inject Capital Into Banks - NYTimes.com

Mish's Global Economic Trend Analysis: China Still Fails to Participate in Two Week Global Rally

Mish's Global Economic Trend Analysis: China Still Fails to Participate in Two Week Global Rally

Can Aging Population Explain Income Stagnation?

Can Aging Population Explain Income Stagnation?

US forces 'massing on Afghanistan-Pakistan border' - Telegraph

US forces 'massing on Afghanistan-Pakistan border' - Telegraph:

'via Blog this'

FBI Report: Gangs Expand in US Increasing Threats to US Citizens | Homeland Security Right Side News

FBI Report: Gangs Expand in US Increasing Threats to US Citizens | Homeland Security Right Side News

In The Case Of Green Cars, Even If You Subsidize Them @ $8,000, You Don’t Get More Of Them

In The Case Of Green Cars, Even If You Subsidize Them @ $8,000, You Don’t Get More Of Them

Worst Headline Of The Day | The Daily Capitalist

Worst Headline Of The Day | The Daily Capitalist:

'via Blog this'

Ex-Goldman director to face criminal charges: source | Reuters

Ex-Goldman director to face criminal charges: source | Reuters

Post Fukushima: All the King's Horses and All the King's Men... | Fairewinds Associates, Inc

Post Fukushima: All the King's Horses and All the King's Men... | Fairewinds Associates, Inc

The Treasury Investment That's WAY Better Than Treasury Inflation Protected Securities (TIPS) - Money Morning

The Treasury Investment That's WAY Better Than Treasury Inflation Protected Securities (TIPS) - Money Morning

Profiles in Greed: Goldman Sachs' Lloyd Blankfein

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Ron Paul: 'Taxation is Theft'

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