JIM SINCLAIR: GET OUT OF THE SYSTEM NOW! SIGNIFICANT DEPOSITS & RETIREMENT ACCOUNTS ARE IN BANKSTERS’ CROSS-HAIRS!
Legendary gold trader Jim Sinclair has turned his sights from warning investors to protect themselves with gold to urgently warning them to exit the financial system immediately, and take possession of physical gold held in your own possession. Sinclair, who Friday warned investors that the US will be Cyprus’d and gold will reach $50,000/oz sent an [...]
I believe that we as Americans are about to see a major, major collapse in our national monetary system, and our normal way of life.
Our government has been borrowing so much money (very often using short-term loans), that very soon, we will no longer be able to afford even the interest on these loans.
Today, the federal government has to borrow 46 cents of every dollar they spend…spending that stands at [...]
From the Arabian Spring of hope (although technically protesting soaring food prices, something which is about to happen all over again) to the Arabian Fall of anti-American revulsion in under two years: has to be a blowback record. The latest casualty: the German embassy in Sudan:
Protestors now inside German Embassy in Khartoum, Sudan – RTRS
Protesters pull down emblem at German embassy in Sudan, raise Islamic flag, Reuters witness says – [...]
The woman behind the counter and her customer at the Valpan bakery on Madrid’s Narváez Street were discussing the harsh realities of life in a country that, with its looming bank bailout, has become the latest casualty of Europe‘s interminable debt crisis.
“This is the only day of the week I get off now,” said the customer, a waitress still wearing her black scooter helmet. “A friend has just found a [...]
The standard Keynesian narrative that “Households and countries are not spending because they can’t borrow the funds to do so, and the best way to revive growth, the argument goes, is to find ways to get the money flowing again.” is not working. In fact, former IMF Director Raghuram Rajanpoints out, today’s economic troubles are not simply the result of inadequate demand but the result, equally, of a distorted supply side as technology and foreign [...]
March 2, 2012
The number of people claiming unemployment benefit in Spain rose by 112,269 in January, taking the overall figure to 4.7 million.
Spain’s unemployment rate stands at 22.9%, the highest in the 17-nation eurozone.
The Spanish economy posted negative growth in the fourth quarter of last year and is expected to enter recession this quarter.
The new right-leaning Popular Party government has introduced a series of reforms in a [...]
Fangs of Fascism come out again.
“Countdown” guest host David Shuster and Adam Gabbatt, reporter and blogger with The Guardian, discuss the latest casualty from the clash on Nov. 2 between Occupy protesters and the Oakland police: U.S. veteran Kayvan Sabehgi, who, after walking away from the protest, suffered a lacerated spleen from a police beating. The veteran was held by police for 18 hours and is in intensive care and [...]
BAGHDAD — The U.S. military says two American troops have been killed in northern Iraq while conducting operations.
The military said in a statement that the service members were killed Sunday.
No further details were immediately available, and the names of the dead are being withheld pending notification of next of kin.
The deaths bring to 4,465 the number of American troops who have died in Iraq. That’s according to an Associated Press [...]
SAN FRANCISCO — The desire to own your own home, long a bedrock of the American Dream, is fast becoming a casualty of the worst housing downturn since the Great Depression.
Even as the economy began to fitfully recover in the last year, the percentage of homeowners dropped sharply to 66.4 percent from a peak of 69.2 percent in 2004. The ownership rate is now back to [...]
Source: AP / CBS News
Joplin, Mo. – A 54-year-old Missouri woman has died after suffering a heart attack when told of her father’s death in the Joplin tornado.
Newton County Coroner Mark Bridges says the woman who died Tuesday didn’t immediately learn of her father’s death in the historic storm that has killed more than 120 people. He did not know her father’s age or the circumstances [...]
Two patients died after being left waiting in ambulances outside an over-stretched hospital.
The patients, believed to have been in their 80s, couldn’t get into the Royal Oldham Hospital for seven and 20 minutes respectively.
They were assessed by ambulance crews as ‘very sick’ and were both suspected of having suffered heart attacks.
The A&E department was so busy that all but the most urgent cases were being sent to other [...]
THE NEAR-COLLAPSE of the world’s banking system two-and-a-half years ago has prompted a fundamental reassessment of the industry. Perhaps the biggest casualty of the crisis has been the idea that financial markets are inherently self-correcting and best left to their own devices. After decades of deregulation in most rich countries, finance is entering a new age of reregulation. This special report will focus on [...]
I think it’s important for people to understand that you would expect to see the high radiation levels measured at a distance just by uncovering the spent fuel due to loss of shielding. You wouldn’t need a fire to make it worse from a radiation exposure standpoint. Zirconium is used for the inner fuel poder matrix and the outer cladding because it has a [...]
Its been many years and my knowledge has faded, but I used to be a nuclear engineer working on the subs, many hours crawing around on the reactor vessel shutdown or in the control room at power. There are many pump systems in a reactor plant from the main coolant pumps to the condensate and feed pumps to the main seawater pumps, plus emergency cooling [...]
The U.S. economy is on the brink of turning from a deflationary environment to an inflationary one, and tomorrow’s PPI number may be an early signal of that fact, according to Deutsche Bank.
Today, we saw import prices rise 1.1%, as expected, including a 13.7% year-over-year rise in oil import prices. The producer price index, released tomorrow at 8:30 AM ET, will likely show similar results, [...]
If you look at the revisions in a long enough period, you can easily see what the problem is.
“And about 14.8 million people say they were unemployed, a figure that hasn’t improved much since the beginning of the year.”
This number is most relevant because it tells you the NET CASUALTY after all the “noisy” additions and subtractions.
Then you look at the components of the addition. “October’s job gains were [...]