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The rise in gold pre-sages a currency collapse, led by the USDollar. Gold vaults at commodity exchanges in New York and especially London are being drained by delivery demands. Gold demand is skyrocketing, as distrust for the USDollar is broadening and revolt against the US$ is deepening. Read the rest of this entry »

Early Friday morning, state and federal agents walked into the Bank of Elmwood and closed the failed 49-year-old independent bank after a year of struggling to improve a bleak financial situation, officials announced Friday. Read the rest of this entry »

In this enlightening episode of On The Edge Keiser talks with former assistant secretary of the treasury Paul Craig Roberts. The segment with Roberts is very in depth, during it, Roberts talks about his most recent column titled, “U.S. Joins the Ranks of Failed States”. Read the rest of this entry »

(CNBC) – Squawk Box – October 1st, 2009 Read the rest of this entry »

The second wave of the world economic depression is coming soon. Larry Summers, the economics czar of the Wall Street puppet regime currently in power in Washington, recently confessed to the Financial Times in an unguarded moment: “I don’t think the worst is over ..” A few weeks earlier, Jacques Attali, who served in the 1980s as the main economics adviser to French President Mitterrand, told an audience at the International Economic and Financial Forum (FIEF) in Paris that the world might well soon face a planetary Weimar “in the form of a hyperinflationary depression similar to the German events of 1922 – 1923. Read the rest of this entry »

(NaturalNews) – The active ingredient in marijuana appears to target cancerous brain cells for destruction while leaving healthy cells alone, according to a study conducted by researchers from the Complutense University in Madrid, and published in the Journal of Clinical Investigation. Read the rest of this entry »

Let us contemplate the day in the near future when the consequences of financial chicanery finally outpace the ability of the governments, central banks and big media to cover up and obfuscate the truth. Many respected voices have now gone on record that September 30 or thereabouts will be that day. Read the rest of this entry »

Sometimes I’m just rendered speechless, and this is one of those times. Natasha Chart via Sustainable Food at Change.org:

Obama’s considering appointing a former Monsanto vice president, Mike Taylor, to head the Food Safety Working Group at the FDA. Read the rest of this entry »

The world is engulfed in a global economic crisis of staggering ferocity rivaling four other financial meltdowns—which all began in the month of October. [1]

VP Biden and former Fed Chairman Paul Volcker don’t remember any time when things went down quite so fast, quite so uniformly around the world. The current crisis looks more like the collapse of the Soviet Union, on October 18, 1991, when Gorbachev signed an agreement forming a new economic community. Read the rest of this entry »

An Explosive Hyperinflationary Breakdown

“You’re having a vast bailout planet-wide,” Lyndon LaRouche stated today, summarily dismissing all the diversionary press chatter about bank stress tests, nationalization, profits, stock prices, lending, and so forth. Read the rest of this entry »

Billionaire Warren Buffett said the economy will be “in shambles” for the rest of this year as financial firms take losses tied to reckless loans made during the housing boom. Read the rest of this entry »

Suppose Paul Krugman, or any other Nobel Prize winning economist, owned an automobile that intermittently broke down but could be made to run again by tinkering with the mechanism. Suppose the breakdowns happened unexpectedly in places that not only caused Mr. Krugman but countless others inconvenience and hardship, as for instance, on a major highway during rush hour, perhaps even causing injurious or even deadly accidents. How many times would Mr. Krugman allow this to happen before coming to the conclusion that the vehicle, regardless of how often it underwent tinkering, would never be a reliable mode of transportation and that it should be consigned to a junk yard? Read the rest of this entry »

Suppose Paul Krugman, or any other Nobel Prize winning economist, owned an automobile that intermittently broke down but could be made to run again by tinkering with the mechanism. Suppose the breakdowns happened unexpectedly in places that not only caused Mr. Krugman but countless others inconvenience and hardship, as for instance, on a major highway during rush hour, perhaps even causing injurious or even deadly accidents. How many times would Mr. Krugman allow this to happen before coming to the conclusion that the vehicle, regardless of how often it underwent tinkering, would never be a reliable mode of transportation and that it should be consigned to a junk yard? Read the rest of this entry »

Second largest bank failure in US history has been duly noted, with a repeat bailout like Bear Stearns, paying down debts still the better plan, PPT supplies another miracle rally for the Dow, but we fear they only delay the inevitable, Fannie and Freddie collateral now Toxic Waste, liquidity drains now wide open, watch for the downward spiral Read the rest of this entry »

Credit Default Swaps: Next Phase of an Unravelling Crisis

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