Blowback: “The unintended consequences of foreign operations that were deliberately kept secret from the American public.”
“There is a direct connection between events that happened more than 50 years ago and the war in Iraq today.”
Blowback: “The unintended consequences of foreign operations that were deliberately kept secret from the American public.”
“There is a direct connection between events that happened more than 50 years ago and the war in Iraq today.”
Since October of 2010, Russia has made no effort to hide the fact that they are dumping their treasury holdings.
For twelve consecutive months, without any reprieve, Russia has decreased their exposure to what is now the largest bubble in history, US treasuries.
The NAR announced recently that their methodology for determining existing home sales has been flawed for the past five years resulting in over-exaggerated numbers and as a result of this, their next release due out on December 21st will show a more accurate accounting going back to 2007.
And keeping with the holiday spirit of European bank runs, Kyle Bass provides some chilling insight into what is about to take place in Europe and how the Federal Reserve and other G7 central banks are preparing for the “event”.
Tuesday’s ”word of the day” was bank run.
And in light of that, let’s turn our attention to none other than Greece to see what a modern day European bank run actually looks like.
Corzine stated during his prepared testimony, “I simply do not know where the money is, or why the accounts have not been reconciled to date. I do not know which accounts are unreconciled or whether the unreconciled accounts were or were not subject to the segregation rules.”
Why is a bank run a problem?
“Because banks by their very nature never have the money on deposit to meet all of their outstanding claims and liabilities. That’s how fractional reserve lending works. You lend out more money than you have.”
If you think you missed the boat on silver, you may need to rethink that pre-mature conclusion.
A fascinating and candid interview with Jim Rogers on government confiscations, farming, food prices, economic collapse, and nickles.
“What they’re more likely to do this time is to take your pension plan or your IRA.”
Who said that Obama’s proposed “Indefinite Detention Bill” is “one of the most radical proposals for defying the constitution that we have ever heard made to the American people”?
a.) Mitt Romney
b.) Newt Gingrich
SGT interviews legendary author and documentary film producer G Edward Griffin about his book ‘The Creature From Jekyll Island’, and other current events.
In case there was still any confusion or misunderstanding about any meaningful differences between Republican and Democrat party, I would like to present the “Indefinite Detention Bill”.
From S&P:
“Today’s CreditWatch placements are prompted by our belief that systemic stresses in the eurozone have risen in recent weeks to the extent that they now put downward pressure on the credit standing of the eurozone as a whole.
From Joe Berardino, the Ex-CEO of Arthur Andersen during an interview with CNBC:
While the advertised unemployment rate fell to 8.6% in November as a result of 120,000 jobs being created, the truth behind these manufactured numbers is not quite as glamorous.
A couple of weeks ago Ann Barnhardt sent a letter to her clients detailing why she could no longer in good conscience operate her business, Barnhardt Capital Management, becuase, “I could no longer tell my clients that their monies and positions were safe in the futures and options markets – because they are not.”
From Ron Paul:
Wondering what happened today to the stock market as the Dow rallied over 4% and 490 points?
Wonder no more. It’s just another chapter in the ongoing bank bailout.
According to the Federal Reserve, “The Federal Reserve sets the nation’s monetary policy to promote the objectives of maximum employment, stable prices, and moderate long-term interest rates.”
Let’s take a quick look to see how the Fed is performing at these three objectives.
“British embassies in the eurozone have been told to draw up plans to help British expats through the collapse of the single currency, amid new fears for Italy and Spain.”
That’s the latest story out of The Telegraph.