(RussiaToday) – This week Max Keiser and co-host, Stacy Herbert, talk about the Sarkozy-Merkel dog and pony show announcing the plan without a plan and about when an asset isn’t really an asset. In the second half of the show, Max Keiser interviews Ellen Brown, author of Web of Debt, about the German Landesbanks and a Swiss community currency. Read the rest of this entry »

(Excavator) – The public banking movement is becoming mainstream thanks to great work done by thoughtful and dedicated researchers like Ellen Brown, author of “Web of Debt.”

(WebOfDebt) – Amid a snowballing foreclosure fraud crisis, President Obama today blocked legislation that critics say could have made it more difficult for homeowners to challenge foreclosure proceedings against them. Read the rest of this entry »

(WebofDebt) – JP Morgan suspends 56,000 foreclosures, GMAC and BOA

“Maybe this is like shock therapy.  Maybe this will actually get the lenders to the table and encourage them to work out deals that are to the benefit of everybody.”–Economist Karl E. Case, quoted in the New York Times

The hits are coming fast and furiously.  Major Wall Street mortgage lenders could soon be falling like dominos – and looking again for handouts. Read the rest of this entry »

(ZeroHedge) – Wal-Mart’s CEO Provides The Starkest Visual Of The Modern Bread Line Yet

In today’s Art Cashin Comments there is a stunning admission by none other than the CEO of Walmart on what modern day bread lines look like. To wit: Read More Here

(CharlieVLog) – Video: Banks win WE lose – View Video Here

(Reuters) – Czech president tells UN to stay out of economics

Czech President Vaclav Klaus on Saturday criticized U.N. calls for increased “global governance” of the world’s economy, saying the world body should leave that role to national governments. Read More Here

(WRAL) – Unclaimed corpses raise body counts at Greensboro hospital

A hospital in Greensboro has seen unclaimed bodies stack up because family members can’t afford to pay burial costs. Read More Here

(BusinessInsider) – How Hyperinflation Will Happen In America

Right now, we are in the middle of deflation. The Global Depression we are experiencing has squeezed both aggregate demand levels and aggregate asset prices as never before. Since the credit crunch of September 2008, the U.S. and world economies have been slowly circling the deflationary drain. Read More Here

REPOST – (WebOfDebt) – The Credit Meltdown and Wall Street’s Shadow Banking System – What Basel III Missed – Ellen Brown

While local banks are held in check by the new banking czars in Basel, Wall Street’s “shadow banking system” has hardly been curbed by regulators at all; and it is here that the 2008 credit crisis was actually precipitated.

The banking system’s credit machine is systemically flawed and needs a radical overhaul. Read More Here

(EconomicCollapseBlog) – 19 Facts About The Deindustrialization Of America That Will Blow Your Mind

The United States is rapidly becoming the very first “post-industrial” nation on the globe.  All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers have left them, but the pace at which America is accomplishing this is absolutely amazing. Read the rest of this entry »

(WebOfDebt) – The stock market shot up on September 13, after new banking regulations were announced called Basel III.  Wall Street breathed a sigh of relief.  The megabanks, propped up by generous taxpayer bailouts, would have no trouble meeting the new capital requirements, which were lower than expected and would not be fully implemented until 2019.  Only the local commercial banks, the ones already struggling to meet capital requirements, would be seriously challenged by the new rules.  Unfortunately, these are the banks that make most of the loans to local businesses, which do most of the hiring and producing in the real economy.  The Basel III capital requirements were ostensibly designed to prevent a repeat of the 2008 banking collapse, but the new rules fail to address its real cause.  Read the rest of this entry »