World Update.The Brink of Mideast War, The Vatican takes over the site of the Last Supper.
Now that Obama has decided to Back the Rebels , It will only be a matter of time before Assad is Cornered and Forced to drop everything he has at Israel !
“I don’t know.” “I don’t remember.” “I’m not familiar with that detail.” “It’s not my precise area.” “I’m not familiar with that letter.”
These are quotes from the Internal Revenue Service officials who testified this week before the House and Senate. That is the authentic sound of stonewalling, and from the kind of people who run Washington in the modern age—smooth, highly credentialed and unaccountable. They’re surrounded by legal and employment [...]
Isabella Dutton, 57, says she wishes she had remained childless
‘I resented the time my children consumed. Like parasites, they took from me and didn’t give back’
My son Stuart was five days old when the realisation hit me like a physical blow: having a child had been the biggest mistake of my life.
Even now, 33 years on, I can still picture the scene: Stuart was asleep in his crib. He was [...]
Europe is on the brink of a landmark ban on the world’s most widely used insecticides, which have increasingly been linked to serious declines in bee numbers. Despite intense secret lobbying by British ministers and chemical companies against the ban, revealed in documents obtained by the Observer, a vote in Brussels on Monday is expected to lead to the suspension of the nerve agents.
Bees and other insects are vital for global food production as they [...]
Dutch ING Bank Suffers “Technical Glitch”, Clients Report Negative Balances
UPDATE: Another Dutch bank – Rabobank – is apparently having ‘technical’ issues now
Following yesterday’s discussion of the brink-like nature of the Dutch economy (and banking system), it is perhaps just a coincidence that ING is suffering from a major failure in its Internet Banking. It is unclear how many customers are affected but judging by the scale of responses on Twitter (#ING) it is widespread. [...]
Cyprus Shifts To Plan ‘DD’ (Douple-Dip The Large Depositors)
It seems that the Cypriot government is going full circle on its plans to save its nation and its people. As UK Think Tank Open Europe notes, “it now seems we have come all the way back round to the deposit levy as a solution in Cyprus. Overnight, the EU/IMF/ECB Troika rejected the plans for a Cypriot solidarity fund, particularly one based on pension assets and [...]
The Constitutional Court shall pluck the state budget that is in place.
TVI knows that in the preliminary report, the judges have plumbed two standards: the suspension of the holiday allowance for pensioners and pensioners’ solidarity tax on pensions above 1,350 euros.
These two measures are equivalent to more than a billion euros and were among the three standards that have raised questions to the President.
Just a suspension of subsidies Civil Service [...]
by Dwaine van Vuuren, Financial Sense:
We have quarterly GDP data for 11 more OECD countries since our last post “World plunges into recession in Q42012“, and there have been some 2nd estimate revisions (such as the U.S). The chart below shows an improvement over the last post we made with the inclusion of more data points, but both the measures of single and two quarter recession metrics are still below their respective “Global [...]
Michael A. Gayed: Retailers look increasingly vulnerable
Yes, the Dow is over 14,000. Yes it sure feels like a bull market. Yes, the argument for the “Great Re-Allocation” out of bonds and into stocks is a powerful narrative and one that I believe is a longer-term theme for markets. Yes, I have been early in calling for a decline.
No, I am not changing my call for a correction based on [...]
MARK HULBERT: Four leading indicators of a market top
These indicators are painting a worrisome picture
The bull market is on shaky ground, according to four leading indicators of major market tops.
Those four indicators are based on the performance of sectors that, prior to past market tops, either led or lagged the overall market. According to a study conducted by Ned Davis Research of returns over the last three months of [...]
With the fiscal cliff deal and many Obamacare taxes taking effect, Americans will be slammed with an estimated $264 billion in new taxes this year alone—making 2013 memorable for delivering one of the largest one-year tax increases in American history.
The math breakdown of the new taxes is simple: Key parts of the Bush tax cuts will expire as a result of the new fiscal cliff legislation, hitting American taxpayers with [...]
Sen. John McCain (R-Ariz.), for one, took to the Senate floor and slammed the president for “antagonizing” Republicans during a White House event “with that group of people that he was talking to who were laughing and cheering and applauding as we are on the brink of this, of this collapse.”
By Wayne Allyn Root, FoxNews.com
Everywhere from FoxNews.com to CNBC.com, I suddenly see commentators warning of pending doom, economic collapse, and a new Great Depression. Welcome to my club. Perhaps America’s politicians and economists should have paid attention to an entrepreneur and small businessman that has been warning of economic collapse and a new Great Depression publicly for over two years.
More importantly, none of the current commentaries mention the “why’s” of this slow motion economic collapse…beyond the [...]
Without deal, unemployment checks stop Dec. 29
About 2.1 million Americans will lose their extended jobless benefits on Dec. 29, leaving many on the brink of poverty, if Washington doesn’t renew them as part of a deal on the package of tax increases and spending cuts known as the “fiscal cliff.”
from Testosterone Pit.com:
“I’m wondering how much this society can endure before it explodes,” said Georg Pieper, a German psychotherapist who specializes in treating post-traumatic stress disorders following catastrophes, large accidents (including the deadliest train wreck ever in Germany), acts of violence, freed hostages…. But now he was talking about Greece.
He’d spent several days in Athens to give continuing education courses in trauma therapy for psychologist, psychiatrists, and doctors—for free, this being [...]
A New York federal judge may rule imminently on a case that could reverse the General Motors (GM) bailout and send the company back into bankruptcy, according to sources close to the case.
At issue is a backroom deal hatched by GM to fulfill the Obama administration’s demand for a quick bankruptcy, draining the automaker of nearly all of its cash on hand and leaving it in worse shape than it [...]
Ukrainian Prime Minister Mykola Azarov and the entire government resigned today in a surprise move after controversial elections as the economy teeters on the brink of recession.
The presidency said President Viktor Yanukovych had accepted Mr Azarov’s request to give up his post and become an MP, a move expected to be repeated by several cabinet ministers.
It remained unclear who would fill the powerful post of premier, with some analysts [...]
Huffington Post: Outgoing Rep. Ron Paul (R-Texas) gave an exit interview to the Washington Post this week, capping off his career with a claim that he’s driven throughout his 36 years in Congress: The two-party system is obsolete.
Responding to a question about a recent warning from his son, Sen. Rand Paul (R-Ky.), that the GOP was at risk of becoming a “dinosaur” if it remained unwilling to consider libertarian-inspired positions, the congressman argued that both [...]
The physical silver scramble continues, as a MASSIVE 2.4 million ounces of silver were withdrawn from Brink’s & HSBC vaults Wednesday!Got PHYZZ??
from Capital Account:
This weekend Athens passed a new austerity budget for 2013 with public sector cuts and privatization measures.
By Andy Xie
BEIJING ( Caixin Online ) — Every time I come to Japan to attend a conference, I am reminded of what a depression looks like in the 21st century.
This time is no different: shops are not busy, restaurant owners wait anxiously outside for customers and are usually disappointed, empty taxi cabs roam the streets. Two decades after its property bubble began to deflate, [...]
Today, the entire world is succumbing to varying states of seizure as national populations continue to digest the fatal effects of the global financial crisis in 2008.
Here in the US, which is one of the last nations on the list scheduled for an outbreak of widespread trauma, a growing number of people have begun questioning seriously the reliability of financial markets, paper currencies, politicians, and governments.
The vast majority of US [...]
Global Economic Collapse: Causes and Some Potential Outcomes
(Survivalblog) I believe the global economy stands on the brink of meltdown. The immediate trigger of this collapse is the European Debt Crisis, but the build up to this catastrophe has been building for years and decades.
Three of the major drivers of Global economic growth: the US, Europe, and mainland China , are all on the verge of economic slowdown, if not outright [...]
People learn the 4 steps the elite is using to destroy a nation!
3)Crisis!(Economic crisis)(civil war)(pandemics).
4)Normalization!(Chinese Russian Invasion!)
Right now we’re at stage 3 and civil war is the next step!
If you have seen the movie Machete they showed to our face that the mexicans will rebel against the americans!
Mitt Romney has already divided america in 2 sides with the 47% speech and Obama keeps bringing that up as both are the [...]
Youths have clashed with the Athens police force, pelting officers with stones and petrol bombs during an anti-austerity march. More than 20,000 people have gathered in the Greek capital in a 24-hour strike against wage and pension cuts.
Anti-austerity activists faced down police officers, throwing Molotov cocktails and rocks in the center of Athens. Police responded firing teargas into the group of adolescents to disperse them.
DETAILS TO FOLLOW.
Hundreds of youths [...]
Those of you who know Ross…This guy know’s what’s up.
Will the most divisive campaign in modern American history culminate in massive riots in our major cities? Right now, supporters of Barack Obama and supporters of Mitt Romney are both pinning all of their hopes on a victory on November 6th. The race for the presidency is extremely tight, and obviously the side that loses is going to be extremely disappointed when the election results are finalized. But could [...]