By Paul B. Farrell, MarketWatch
America is a quitter. We’re giving up, surrendering, forfeiting. Yes, throwing the game. Throwing away our future as the world’s superpower. We’re forced to walk off the economic playing field. Not by outside enemies, by our own Congress refusing to play a job-creating economic game.
We are our own worst enemy in the biggest economic war in world history. And Asia loves it!
Our do-nothing [...]
From Dragonfly Capital:
Big Oil has been moving higher with the market lately. These mega-cap stocks can be like battleships to move, so when they do breakout it is something to notice.
Exxon Mobil, $XOM, is doing that now…
[Right now, $XOM is in] a rising wedge… making a new high over the resistance area at 57 from February and March. The Relative Strength Index (RSI) is bullish and rising and the Moving Average Convergence [...]
The United States racked up $41,210 in debt every second of every day in 2011 — making the federal deficit the largest portion of the economy since the height of war spending in the 1940s.
That shocking statistic was released by Face the Facts USA, a nonpartisan policy initiative, in an attempt to ‘wake up’ American voters and politicians to the rising piles of debt that the nation is accumulating.
At more than [...]
By Farooq Yousaf
It is now widely known that the Obama administration, with the help of its allies, is planning to launch an offensive against the Assad regime in Syria. The attack on Iranian nuclear facilities, with the help Israel, also seems to be on the cards. In such a situation, where Afghanistan, Iraq and Libya have proven to be clear fiascos, the dwindling world economic scene can least afford another [...]
Iran, Syria, Russia and China are planning the “biggest-ever wargames in the Middle East,” according to an unconfirmed report on the semi-official Iranian news site Fars News.
According to the article, the four countries are preparing 90,000 troops, 400 aircraft and 1,000 tanks for the massive joint maneuvers, which are to take place along the Syrian coast within a month.
The report states that Russian “atomic submarines and warships, aircraft carriers and mine-clearing [...]
The hacking group Anonymous said Thursday that it accessed about 1 gigabyte of restricted material from NATO servers, and released a few of the documents as proof of its cyber-incursion.
According to a hacker who maintains that he is part of Anonymous and goes by the name “Commander X,” Anonymous plans to eventually release all the NATO documents in its possession and still has the capability [...]
FROM PETER SCHIFF @EURO PACIFIC CAPITAL:
By: Peter Schiff
Monday, July 19, 2010
There is overwhelming agreement among economists that the Second World War was responsible for decisively ending the Great Depression. When asked why the wars in Iraq and Afghanistan are failing to make the same impact today, they often claim that the current conflicts are simply too small to be economically significant.
There is, of course, much irony here. No one argues [...]