WORLD IN DEPRESSION:
- Second-quarter U.S. GDP revised down to 1.3%
- Fiscal cliff biggest global economic threat: Fitch
- Fiscal cliff holding back hiring, puts dollar’s reserve currency status at risk
- Gold gains 11% on the quarter
- 7 global companies warn tough times ahead
- China manufacturing shrinks for 11th month: report
- PBOC adviser: No signs of growth rebound yet
- Fitch cuts China, India growth forecasts
- Fitch lowers forecasts for global growth
- Chicago PMI drops into negative territory in Sept.
- CEOs less optimistic about economy: survey
- S&P says new recession hitting euro zone
- Japan’s car makers face gloomy outlook
- Peugeot sees bleak outlook for car industry
- Australia’s falling tax revenue overshadows budget
- New Zealand trade deficit widens in August
- Weak Japanese data show growing risk of recession
- Tech stocks stumbleContinue reading →
Having huge US military bases in Qatar might explain what’s going on here. When we were doing films for Al Jazeera English people would comment that they were ‘the enemy.’ This is laughable. Qatar and Saudi Arabia are vassal states of the US. Al Jaz English started out as an independent voice in the region but after a few years become a mouthpiece for the US state department. The irony is that my insiders at AJE told me that AJE’s switch from independence to “Fox News with Camels” was an attempt to break into the US market. HAHAHA. AJE has been denied widescale distribution in the US and lost their independence as well. According to recent data published by media watchers, RT (Russia Today) is now the go-to network for the Arab world as well as every other region in the world looking for independent media.
Stacy Summary: In response to an expose by Teri Buhl, first discussed on Keiser Report, Huffington Post’s new online tv station provided a bizarre PR spinning platform that included John Cusack of all people to whitewash a dodgy eminent domain scheme in California:
What I find it interesting about this piece is the fact that both Cusack and Vlahoplus make it sound like their plan calls for eminent domain to be used on distressed or abandoned homes and not for non-distressed performing mortgages as Teri Buhl, Max Keiser, and Felix Salmon have pointed out.
Second, Cusack and Vlahoplus gloss over the legality of such a scheme. As Buhl, Keiser and Salmon have pointed out, this eminent domain scheme if enacted could very well be ruled unconstitutional by the federal courts.
Watch the Keiser Report coverage of the eminent domain for banksters story here (from 13.00):
The percentage of student borrows who defaulted on their federal student loans within two years of their first payment jumped to 9.1% in fiscal year 2011, up from 8.8% the previous years, according to Department of Education data released Friday.
As the student debt burden has exploded in this 21st century, the “century of change,” silver has increased its price level by a similar percentage. With student debt continuing to spiral, the silver price rise seems determined to persist. In the coming years, as this student debt transforms the life of the college grad in his and her professional dealings and personal lives, interest in silver as a hedge against austerity will increase. With student debt over $1 trillion already, could it be a source of future, soaring silver demand in the United States? That is, if it is not already.
It started a long time ago (but not, unfortunately, in a galaxy far, far away):
1984: Soon after West German engineers visit the unfinished Bushehr nuclear reactor, Jane’s Defence Weekly quotes West German intelligence sources saying that Iran’s production of a bomb “is entering its final stages.”US Senator Alan Cranston claims Iran is seven years away from making a weapon.