Shock Therapy for Wall Street: Banking Giants Suspend Foreclosures
Ellen H. Brown Web of Debt “Maybe this is like shock therapy. Maybe this will actually get the lenders to the table and encourage them…
Debt
A Race to the Bottom
Peter Schiff Euro Pacific Capital Long ago, before economic models developed their current levels of sophistication, it used to be that the goal of a…
Consumers Still Aware of Impending Doom
10% Savings Rate + Consumer Spending at 65% of GDP = Retail Disaster Jim Quinn Minyanville Now that the Wall Street Journal, New York Times,…
Capital controls eyed as global currency wars escalate
Stimulus leaking out of the West’s stagnant economies is flooding into emerging markets, playing havoc with their currencies and economies. Ambrose Evans-Pritchard Telegraph Brazil, Mexico,…
Workers rally across Europe to protest against cuts
Demonstrations planned in Brussels and dozens of European cities against austerity measures Madrid protests – Paul White/AP Ian Traynor Guardian The cities of Europe are…
Credit Collapse and the Shadow Banking System
Ellen H. Brown Web of Debt While local banks are held in check by the new banking czars in Basel, Wall Street’s “shadow banking system”…
Bank of America Debt Collectors Called Borrowers Vulgar Names to Get them to Pick up the Phone
Henry Blodget Business Insider Bank of America has been busted using some seriously outrageous tactics to try to collect debts so small they’re barely worth…
5 Reasons to IGNORE Collection Agencies, The Henchmen of the Banking Mafia
John Galt Activist Post I wrote an article a while back titled 5 Reasons NOT to Pay Your Credit Cards. Understandably, many e-mails came in…
Interview with Doug Casey: Exception Among Equities
Karen Roche, The Gold Report As the world sinks deeper into what he calls the Greater Depression, Casey Research Chairman Doug Casey sees default on…
Why Gold and Silver Are Sounding the Economic Alarm
UK borrowing jumps to record high as inflation pushes up interest payments
Britain’s public sector net borrowing posted a record high for the month of August as interest payments on government bonds shot up because of higher…
US Government ‘hiding true amount of debt’
Sack – Star Tribune Gregory Bresiger News.com.au THE actual figure of the US’ national debt is much higher than the official sum of $US13.4 trillion…
Preserve and Protect: The Jaws Of Death
Gordon T. Long LCM Groupe – Tipping Points The United States is facing both a structural and demand problem – it is not the cyclical…