(Bloomberg) – Warren Buffett, whose Berkshire Hathaway Inc. (BRK/A) struck a deal this month to acquire 63 newspapers, said he may buy more publications as the industry rethinks whether to offer free content on the Internet.

“This is an unsustainable model and certain of our papers are already making progress in moving to something that makes more sense,” Buffett wrote in a letter to editors and publishers of Berkshire’s daily newspapers. “We want your best thinking as we work out the blend of digital and print that will attract both the audience and the revenue we need.” Read More Here

(AJC) – In the video below, Alex breaks down how billionaires like Warren Buffett are the biggest beneficiaries of the “rule” they are now forcing through Congress. The net effect? Stealing the expanded tax revenue via banker bailouts and shutting down the middle class to eliminate competition for the big boys. Read the rest of this entry »

(BusinessInsider) – The Run On Europe Begins As Global Investors Head For The Hills… – Read More Here

(Reuters) – Wall Street down 2 percent on global debt concerns – Read More Here

(CNBC) – Buffett Doubts Euro Survival; Says System Is Flawed

“The system as presently designed has revealed a major flaw. And that flaw won’t be corrected just by words. Europe will either have to come closer together or there will have to be some other rearrangement because this system is not working,” Buffett said in an interview.

Asked whether the union would survive this crisis, Buffett said: “That’s in doubt now.” Read More Here

Video

(RussiaToday) – Occupy EU: Eurocrats storm offices for more cuts

Across the European Union – the ongoing debt crisis has sparked an upheaval in the bloc’s political landscape. From Greece to Italy, unelected Eurocrats are on the ascendant – as democracy gives way to a desperate struggle for economic survival. Wasting little time, Mario Monti unveiled his new strategy the very day he took office – more austerity, more cuts, and more tax hikes. But markets are far from convinced – with debt interest rates across the EU reaching catastrophic levels this week. RT’s Daniel Bushell reports. Read the rest of this entry »

(SchiffReport) – Contrary to Obama and Warren Buffett’s insistence, today’s taxes are not lower than they were in the 1950s. Read the rest of this entry »

(AU) – Housing market will implode, warns Edward Chancellor

AUSTRALIA is in the midst of an unsustainable housing bubble that could burst at any time, warns the man who predicted the global credit bust of 2007. Read More Here

(DailyFinance) – FDIC Shuts Seven More Banks at a Cost of Over $7 Billion

The Federal Deposit Insurance Corporation closed seven more banks on Apr. 30, bringing the total to 64 for the year. The day was particularly expensive, costing the agency just over $7 billion. Read More Here

(Telegraph) – Radical tax on debt put to parties

Households should pay a new tax on every pound of debt they owe, according to one of Britain’s leading economists. Read More Here

(BusinessInsider) – Find Out How Much The Greek Bailout Is Costing YOU – Read More Here

(GlobalResearch) – The Criminalization of Wall Street: Will Any Exec at Goldman Sachs Go to Jail? – Danny Schechter

Will Goldman survive the assault? Will the threat of criminal charges being pursued against the world’s leading investment bank spill over onto others on Wall Street? Is the criminalization of the crisis underway, or is all this just a maneuver? Read More Here

(InfoClearingHouse) – The Subprime Conspiracy: Was There A Plan to Blow Up The Economy? – Mike Whitney

Many people now believe that the financial crisis was not an accident. They think that the Bush administration and the Fed knew what Wall Street was up to and provided their support. This isn’t as far fetched as it sounds. Read More Here

(Reuters) – Morgan Stanley fined $14 mln for hidden block oil trade

U.S. futures regulators fined Morgan Stanley (MS.N) $14 million for failing to report a big block oil trade and fined Moore Capital $25 million for attempting to manipulate palladium and platinum futures. Read More Here

(TheState) – Bartering up as economy down

Bartering, trading goods or services rather than charging cash, is an ancient practice. But it has gained popularity during the economic meltdown that left many short on cash but rich in talent or treasures. Read More Here

(BusinessInsider) – David Kotok: $12.5 Billion Is Just The Start Of The Oil Cleanup Costs, And A Double-Dip Is Now Way More Likely

David Kotok of Cumberland Advisors is out with some very gloomy comments about the economic ramifications of the Deepwater Horizon oil spill, and what it will cost. First he notes the ugliest case scenario:

This spew stoppage takes longer to reach a full closure; the subsequent cleanup may take a decade. The Gulf becomes a damaged sea for a generation. The oil slick leaks beyond the western Florida coast, enters the Gulfstream and reaches the eastern coast of the United States and beyond. Use your imagination for the rest of the damage. Monetary cost is now measured in the many hundreds of billions of dollars.

As for numbers: Read More Here

(WebOfDebt) – Hollywood and The Rigging of Financial Markets – Ellen Brown

Betting on the Gross Profits of Upcoming Movies Read More Here

(HuffingtonPost) – Video: Warren Buffett – Nothing ‘Unique’ About Goldman Sachs Deal Targeted By The SEC

In two interviews this morning, Warren Buffett reiterated his support for Goldman Sachs in the wake of the SEC’s civil fraud charges levied against the bank. Read More Here

(RussiaToday) – This time Max Keiser and co-host Stacy Herbert look at the scandals of the Nobel Prize winner that threatens the world; the US paying more than Buffett, and the big ambitions behind 12,000 calories per day. Keiser also talks to Helen Skopis of Athens International Radio about the Greek debt crisis. Read the rest of this entry »

(Bloomberg) – Obama Pays More Than Buffett as U.S. Risks AAA Rating (Update3)

The bond market is saying that it’s safer to lend to Warren Buffett than Barack Obama. Read More Here

(ZeroHedge) – Underemployment At Record 20% According To Gallup

Just in case anyone needed confirmation that the DOL data is just a little, how should we say it, cooked, here comes Gallup with their March 15 undermployment number, which just hit a 2010, and series, high of 20%. Read More Here

(NYTimes) – A Ruinous Meltdown

A story that is not getting nearly enough attention is the ruinous fiscal meltdown occurring in state after state, all across the country. Read More Here

Video: Gerald Celente Interview by Helen Skopis of Athens International Radio – Audio Link Here

(ZeroHedge) – “Passage Of The Healthcare Bill Means The Double-Dip Is Coming” – Market Insight From Permabull Jim Cramer Who Just Turned Bearish – Tyler Durden

Jim Cramer may be in hot water with the SEC over his theStreet.com, and he may be a mouthpiece for the biggest ponzi enabling organization the developed world has ever seen, however, he did have some interesting and spot-on observations on the just passed health care bill. In a nutshell, and for once we agree with Cramer, if futures are not limit down right now, it is because of the same bidding hand that has kept the market going straight up at a 30 degree angle for the past year. Read More Here

(PressTV) – January 22, 2010 – Max and Stacy first talk about Buffett‘s multi billion dollars electric cars investments in Israel , and the coincidence in which these investments always happen before or after an Israeli invasion to Lebanon , then the topic is the failed CIA initiated orange revolution in the Ukraine and how the economy in that country collapsed when they followed the western banks dictate and became debt slaves top the world bank &Co…, Stacy also speaks about the so called ‘relief ‘ mission to Haiti by the 3 American presidents and by Hilary Clinton , is it a relief mission or an occupation ? finally Max Keiser welcomes Chris Cook to speak about the oil market manipulation by Saudi Arabia Read the rest of this entry »

(RussiaToday) – November 13, 2009 – ‘Dollars are Warren Buffetts Toilet Paper’ – Keiser Read the rest of this entry »

(November 3, 2009) – Peter Schiff talks about what really needs to be done to turn the economy back around. Read the rest of this entry »

(Fox) – Peter Schiff discusses the future of oil on Fox Business – August 19th, 2009 Read the rest of this entry »

A highly influential American has finally hit the panic button about the tremendous mountain of debt the country is piling up. Read the rest of this entry »

Staff at Goldman Sachs staff can look forward to the biggest bonus payouts in the firm’s 140-year history after a spectacular first half of the year, sparking concern that the big investment banks which survived the credit crunch will derail financial regulation reforms. Read the rest of this entry »

(Bloomberg) – As U.S. stock markets plummeted last September, the Senate’s No. 2 Democrat, Dick Durbin, sold more than $115,000 worth of stocks and mutual-fund shares and used much of the money to invest in Warren Buffett’s Berkshire Hathaway Inc. Read the rest of this entry »

(CNN) – This year, an estimated 1.5 million Americans will declare bankruptcy. Many people may chalk up that misfortune to overspending or a lavish lifestyle, but a new study suggests that more than 60 percent of people who go bankrupt are actually capsized by medical bills. Read the rest of this entry »

From May 14-17, the global elite met in secret in Greece for the yearly Bilderberg conference, amid scattered and limited global media attention. Roughly 130 of the world’s most powerful individuals came together to discuss the pressing issues of today, and to chart a course for the next year. The main topic of discussion at this years meeting was the global financial crisis, which is no surprise, considering the list of conference attendees includes many of the primary architects of the crisis, as well as those poised to “solve” it. Read the rest of this entry »

America’s richest people meet to discuss ways of tackling a ‘disastrous’ environmental, social and industrial threat. Read the rest of this entry »

This is the fourth in a series of articles on Ellen Brown’s superb 2007 book titled “Web of Debt,” now updated in a December 2008 third edition. It tells “the shocking truth about our money system, (how it) trapped us in debt, and how we can break free.” This article focuses on America’s “web of debt” entrapment. Read the rest of this entry »

If it was an economic Pearl Harbor, the enemies were Fannie Mae, Freddie Mac, A.I.G., Countrywide, Bank of America, Merrill Lynch, Citigroup, Bear Stearns, and all the other banks, brokerages, speculators, insurance companies, hedge funds and leverage buyout specialists that had launched the sneak attack on the American economy. Read the rest of this entry »

“The interaction between government and business will change forever. In a reset economy, the government will be a regulator; and also an industry policy champion, a financier, and a key partner. Read the rest of this entry »

“Things do not happen. Things are made to happen.”—JFK.

Our consumer society didn’t just happen, it was planned. Not in 1910, or 1954, but in the year 1832, the year William Huntington Russell and fellow classmate Alphonso Taft at Yale University founded the Skull and Bones society, a branch of the Bavarian Illuminati. Read the rest of this entry »

WASHINGTON – America’s five largest banks, which already have received $145 billion in taxpayer bailout dollars, still face potentially catastrophic losses from exotic investments if economic conditions substantially worsen, their latest financial reports show. Read the rest of this entry »

Blue-chip measure drops to levels not seen since 1997 as AIG reports biggest quarterly loss in corporate history, government revamps rescue. 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 »