We Are In FAR Worse Shape Than We Were Just Prior To The Last Great Financial Crisis

By Michael Snyder

None of the problems that caused the last financial crisis have been fixed.  In fact, they have all gotten worse.  The total amount of debt in the world has grown by more than 40 percent since 2007, the too big to fail banks have gotten 37 percent larger, and the colossal

The fact is that government spending has already pushed Americans over the cliff. January 6, 2013

Despite claims that the Administration and Congress saved America from the fiscal cliff with an early morning vote today, the fact is that government spending has already pushed Americans over the cliff. Only serious reductions in federal spending will stop the cliff dive from ending in a crash landing, yet the

Watch the incredible moment a passenger jet is crashed into the Mexican desert ON PURPOSE . . . all in the name of air SAFETY

Boeing 727 crashed deliberately for documentary exploring the effects of serious impacts on planes and people Jet, which can carry 170 passengers, ripped in two as it smashes into ground moments after pilot ejects Loaded with crash-test dummies and cameras in first deliberate aircraft crash since NASA’s 30 years ago

With its fuselage torn to

A “Crash Landing” may well be in the cards for the world’s biggest marginal economy

by ZH

Over the past week one of the more hotly debated and market moving topics was the resurgence of speculation that China may be on the verge of a “hard landing.” To a large extent this was driven by renewed concerns that the country’s debt load, especially at the local government level, will be


by Anonymouse


Today the Obama administration announced that he has found Amelia Earhart in an undisclosed location which he had noted while flying to Mumbai last November.  The famed aviatrix was positively identified though no wreckage was recovered.  She was promptly cremated, along with all her personal possessions, in accordance with her wishes

Some unpleasant news for pensioned workers who believe that their insolvent state will be able to afford ridiculous legacy pensions in perpetuity.

According to Pensions and Investment magazines, Newt Gingrich is pushing for legislation that will allow insolvent states to be taken off bailout support and file bankruptcy, in the process allowing them to renege on pension and other benefit obligations promises to state workers. And if there is anything that will get government workers’ blood pressure

Great read and good charts in the following (excerpted) article:

“Market Still Deluding Itself That It Can Escape The Inevitable Denouement

By Albert Edwards

The current situation reminds me of mid 2007. Investors then were content to stick their heads into very deep sand and ignore the fact that The Great Unwind had clearly begun. But in August and September 2007, even though the wheels

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