Info United States of America This page deals with information about the US economy and the demise of the US empire. Current US debt

2012 - 02 - 17:

[12:30 pm] The United States of America is becoming more like Nazi Germany every single day: 25 Signs That The Nazification Of America Is Almost Complete

[06:15 am] The mortgage crisis spares no-one: Beverly Hills Super-Rich Ditch Increasingly Worthless Mansions

"It's a business decision, not an emotional one which it is for normal people," said Deborah Bremner, owner of the Bremner Group at Coldwell Banker, which specializes in high-end properties in the Los Angeles area. "I go to cocktail parties and all people are talking about is whether it is time to walk away, although they will never be quoted in the real world."
She said she had seen in Beverly Hills a big increase in "strategic defaults," in which owners who can still afford to make their monthly mortgage payment choose not to because the property is now worth so much less than the giant loan used to buy it during the housing bubble.
Strategic default is an especially appealing option in California, one of only a handful of U.S. states where primary mortgages made by banks are "non-recourse" loans. That means the loan is secured solely by the property, and banks cannot go after a delinquent owner's wages or other assets if they default.

The very wealthy people are also starting to realize that real estate isn't the best investment one can make during times of inflation/pre-hyperinflation. The next logical step would be to shift their money to the precious metals. When the big money comes in, the prices will be going through the ceiling.

[06:00 am] Eaten alive by inflation: Rent Is Too High In Every State

The findings highlight the increasingly desperate situation of people who work but don't earn much, and who are finding themselves priced out of the rental market as more and more Americans look for alternatives to traditional homeownership.

For many of them their next accommodation will probably be a sewer tunnel. In Las Vegas these spots are already the last resort for a lot families who became victims of the financial crisis.

[06:00 am] No one taught these sports superstars how to handle that much money: Allen Iverson Broke And Other Athletes Who Blew Their Millions

Even though they are rich, they are still just as unexperienced as the small guy in the street, when it comes to money. Furthermore these athletes are often exposed to extremely bloodthirsty and greedy advisors who do everything to get their piece of the cake. We are wondering whether some of these broke dudes will have to go back and flip burgers at Burger King?

[05:45 am] Ryan Puplava: Wall Street Fantasy a Reality

[05:45 am] Could be the case: Obama: A One-and-Done President?

2012 - 02 - 15:

[02:15 pm] His fears are more than justified: JPMorgan CEO: I Was Safer In Lebanon Than With Occupiers

He's gonna be one of the first victims after the crash. The mob will storm his tower, pull him out on the street and eat him alive. Silver bugs will notice this with satisfaction and a bland smile on their faces.

[02:00 pm] For the sake of the bonus: How Working On Wall Street Can Make You Sick

[01:45 pm] Another rat leaving the ship, in order to avoid the gallows: World Bank's Zoellick to Step Down June 30

It's better not to be in a top position when the collapse goes down and the mob of betrayed savers in the street is looking for those who are responsible for the situation.

[06:15 am] How paranoid can a nation be? Paying For Coffee With Cash? The FBI Might Be Watching You

People who pay cash for small purchases, including coffee, are also highlighted in the fliers. They may be attempting to avoid a paper trail of their whereabouts by not using credit cards.

Very interesting. People who don't use credit cards are automatically to be seen as quasi-terrorists who need to be closely monitored. Can it get any crazier than this?

Here's some more of that paranoid behavior: State Inspectors Searching Children’s Lunch Boxes: “This Isn’t China, Is It?”

2012 - 02 - 14:

[12:45 pm] A future that will not be very bright: 20 Things We Can Learn About The Future Of America From The Death Of Detroit

2012 - 02 - 13:

[04:15 pm] Greece serves as an great example: Economy Watch: What An Economic Depression Looks Like In The 21st Century

[04:15 pm] Video: Keiser Report: FBI vs Gold Standard 'Extremists' (E248)

[04:15 pm] Apple hype: 209 Hedge Funds Rejoice As Apple Passes $500

2012 - 02 - 11:

[11:45 am] What would happen if the Federal Reserve was shut down permanently? 10 Things That Every American Should Know About The Federal Reserve

[11:45 am] Video: [KR247] Keiser Report: Black Holes & Gold Hills

[11:45 am] Zerohedge: S&P Threatens US With Another Downgrade In As Little As 6 Months

[11:45 am] Federal Reserve Chairman Ben Bernanke is taking his show on the road in at attempt to help Americans feel better about the Federal Reserve: Bernanke Says That Any Criticism Of The Federal Reserve Is Based On “Misconceptions”

[11:45 am] Video: Gerald Celente – Total Collapse In 2012 – Prepare With Guns, Gold, & Go Foods – Alex Jones Show

[11:45 am] Keep your eyes open: The insiders are selling heavily

[11:45 am] Debt Slavery: 30 Facts About Debt In America That Will Blow Your Mind

[11:45 am] The Preparation Station: Mark Steyn Says America Is on Its Way to Armageddon

[11:45 am] KWN: Greg Weldon - The Fed is Hoping to Avoid a Nightmare

[11:45 am] Are they crazy? Believe In A Return To The Gold Standard? You Are Now Officially An Extremist According To The FBI

2012 - 02 - 06:

[03:30 pm] The truth is that the financial crisis of 2008 was just a warm up: The 2008 Financial Crisis Was Nothing Compared To What Lies Ahead

[03:30 pm] Crazy: The 5 major US banks control 97% of all credit derivative swaps

[03:30 pm] The true unemployment in the United States actually rose to an estimated 22.5%, nearly the worst since the Great Depression: Three Official Lies About Jobs! Two Official Lies About Housing! Plus, the Hard, Factual Truth!

[03:30 pm] Zerohedge: Implied Unemployment Rate Rises To 11.5%, Spread To Propaganda Number Surges To 30 Year High

[03:30 pm] Video: Keiser Report: Chutzpah Economics (E244)

[03:30 pm] Video: Marc Faber: "Ron Paul Would Be A Very Good President"

New 2012 - 02 - 01:

[03:15 pm] Video: Keiser Report: Starving the Economy (E243)

[03:15 pm] Money makes the world go round: Auction 2012: How The Bank Lobby Owns Washington

[03:15 pm] Really? 5 major US banks to default this week says Jim Sinclair

New 2012 - 01 - 30:

[03:00 pm] There will be hyperinflation: Pento - Gold Shines as West Continues to Destabilize the World

New 2012 - 01 - 28:

[06:30 am] About Obama's lies of an economic recovery: 17 Questions To Ask Next Time Someone Tells You The Economy Is Getting Better?

[06:30 am] Interview: Celente - War, Bank Runs, Riots & Gold Going Mainstream

New 2012 - 01 - 27:

[11:45 am] Good times to move to the more rural areas: Is Now The Time To Move Away From Major U.S. Cities?

[11:30 am] Only in the White House: If The Economy Is Improving….

[11:30 am] The President: The Man Without A Plan

[11:30 am] In the United States today, 317,000 waiters and waitresses have college degrees: 24 Facts That Show How Ridiculously Unfair Our Economy Is For Americans Under The Age Of 30

So why did you study and take out a loan? To work as a waiter?

[11:30 am] Video: Keiser Report: Kill Hollywood! (E241)

[11:30 am] Already in 2012? John Williams - Accelerating Great Collapse & Hyperinflation

[11:30 am] The housing crisis continues: 2011 New Home Sales Fall To Record Low, Median New Home Price At Lowest Since October 2010

Don't forget: the peak of the housing bubble was in the summer of 2005. It's been going down since then - and will continue to do so for many years to come.

New 2012 - 01 - 26:

[11:00 am] Prepare for the worst:George Soros, IMF & The World Bank: Warnings Of An Impending Economic Collapse

[11:00 am] Globaleconomicanalysis: Obama Proposes Mortgage Bailouts, Handouts, Copouts Exactly One Paragraph After Stating "Top to Bottom: No Bailouts, No Handouts, and No Copouts"; How the Taxpayer Ripoff Works

[11:00 am] Naturalnews: U.S. treasury raids federal employee pension funds to cover debts

[11:00 am] In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties: George Soros Worried about Survival!, George Soros predicts class war and riots

[11:00 am] Back in recession: US Rail Shipping Traffic Plunging

[11:00 am] Video: Keiser Report: Dangerous Species of Bankers (E240)

New 2012 - 01 - 24:

[01:15 pm] Zerohedge: United Welfare States of America: In 2011 Nearly Half The Population Received Some Form Of Government Benefit

[01:15 pm] Our cultural worship of white-collar “knowledge” work has led the U.S. to underinvest in the skills and aptitudes of the hand: U.S.’s Dirty War on Manufacturing

New 2012 - 01 - 22:

[07:30 am] Video: Mike Maloney on Credit-Based Money, Feudalism, and Financial Enslavement

[07:30 am] Video: Keiser Report: Scam On Epic Scale (E238)

[07:30 am] Explosion of criminality: 1.4 MILLION Gang Members And More Pour Into The United States Every Single Day

[07:30 am] Economist: Who exactly are the 1%?

New 2012 - 01 - 20:

[06:30 pm] He's right: Marc Faber sees bubble in safest government bonds

[06:30 pm] Nothing's changed: Weren’t We Facing A Systemic Collapse a Few Months Ago... What's Changed Since Then?

[06:30 pm] Looks like a big next drop to new lows: Baltic Exchange Dry Index

[12:15 pm] Andrew Snyder: The nation’s housing market is in shambles: Why Things Will Get Much Worse For Real Estate

Thanks to Washington’s foreclosure “slowdown” in 2010, delinquent borrowers have been stacking up like logs behind a dam. And now that the government can no longer fight the pressure, millions of fresh foreclosures are about to be unleashed on the two quasi-corporations American taxpayers are forced to bankroll.

Unchecked, the ensuing flood would destroy Fannie and Freddie. That’s what the free markets do… they destroy the weak.

And that’s why Washington is turning to its friends on Wall Street.

Instead of processing through the foreclosures one by one (as they were designed), Washington wants to bundle them together — in lots of 50, 100 or even 500 homes — and sell the package to the top bidder as rental units.

In other words, that ghost town of a neighborhood down the road — The Pines at Golden Vistas — may get a new owner. And what’s more jolting, many wannabe homeowners may write out their next rent check to Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS) or, dare we say it, George Soros.

[12:15 pm] We've reached the end: You Can't Fool Mother Nature For Long: The Substitution of Debt for Productivity

[12:15 pm] He's absolutely right: US Bonds Should Be Rated Junk Status

[12:15 pm] They don’t want to believe that a great economic crisis is coming, and so when it does happen they are going to be absolutely blindsided by it: World Bank; Warning Signs That We Should Prepare For The Worst

New 2012 - 01 - 19:

[07:30 am] Zerohedge: The Final Countdown

[07:30 am] ... it's just junk: China Brings US Treasury Holdings To One Year Low, Russia Cuts Treasury Exposure By 50% In One Year

New 2012 - 01 - 17:

[11:30 am] Run Ron Paul: Ron Paul tied with Obama and in two-man race with Romney

[11:30 am] What happens in bank failures: Plan B – How to loot nations and their banks legally

[11:30 am] It's time to change the national anthem: 10 reasons the U.S. is no longer the land of the free

Today, the United States are "land of the (debt) slaves and cowards".

New 2012 - 01 - 16:

[03:15 pm] GoldMoney: US debt ceiling: here we go again

[03:15 pm] New York Sun: Secrets of the Fed

[03:15 pm] Sooner rather than later: Are We Really Going To Bomb Iran?

[03:15 pm] Meltdown - The Global Financial Crisis? pt 1of 4

[03:15 pm] Wow: Jamie Dimon Says JPM Could Lose Up To $5 Billion From PIIGS Exposure

[03:15 pm] Audio: Gerald Celente : 2012 is our Year

[03:15 pm] Doug Casey: The US Government Is Bankrupt

New 2012 - 01 - 14:

[04:00 am] 'Terrorist attack' an an excuse for a financial collapse? Gerald Celente Predicts “Brazier Bomber” Could Close Banks

Speaking with GoldSeek Radio host Chris Waltzek this week, Celente suggested that covert plans from Washington for a staged event to cover up a financial collapse could take the form of either another act of terrorism or an all-out war with Iran.

“We believe that something [false flag or war] is going to happen,” Celente said. “There’s going to be a financial collapse; it’s collapsing in front of us, but they [Washington] may use a false flag rather than calling it a financial collapse—like maybe they’ll have the brazier bomber, or the granny bomber in a wheelchair, you know, who’s going to threaten the entire country, or it maybe war. And war is ratcheting up with Iran.

[04:00 am] Ron Pauls Investment Portfolio: The True Believer

[04:00 am] How the Fed manipulates the bond market: The $U.S. Dollar Centric Derivatives Complex: Progenitor of Parasitic, Ponzi Price-Fixing

New 2012 - 01 - 13:

[10:45 am] Self-employment versus slavery: SO LONG: Wall Street Bankers Leaving To Start New Businesses

Shane Robinson celebrated his Merrill Lynch job offer over lunch and cocktails at a trendy Manhattan restaurant. His bosses toasted him and asked what he planned to do with the $10,000 end-of-internship bonus. Robinson, then 24, in late 2007, said he would probably save it. "Why?" he recalls them saying. "Just go spend it -- you're going to make a lot more."

This behavior is very typical for the average bank-employee: "just spend it"...because that's the only thing they are really good at.

Not long after the recession hit, Robinson decided to ditch finance. He contacted A.J. Steigman, a former Merrill Lynch colleague who had quit to start a sneaker store, and the two hashed out plans to create an urban clothing website that was part social network, part e-commerce. For months, they slept on friends' couches while fundraising in different cities. They spent countless hours online, building the core technology and a community around their streetwear blog. Finally, in 2010, the duo secured $265,000 from investors to make their startup Soletron a reality.

At some point even bankers do ask themselves whether their office job is fulfilling them and whether they want to do it for the rest of their life. Most bankers answer this question with a "yes". They are simply too afraid of doing their own thing, carrying responsibility and work more than just 9 to 5. However, some of them risk making the break and take on a fresh challenge: entrepreneurship.

Let's toast to them!

[09:45 am] Because their bankruptcy was an operation conducted by the gold cartel: The Neverending MF Global Story: Regulators Block The Truth, MF Global trustee has no plans to transfer more cash

New 2012 - 01 - 12:

[01:30 pm] Huffington Post: On Wall St., Pink Slips At The Bottom, Smaller Checks At The Top

[01:30 pm] An empire in decline: PHOTOS: America's Abandoned Places

[01:30 pm] Australia: this already happened in 2008, but didn't become news until today: Did you know that the NAB and Westpac almost collapsed during the GFC and had to be bailed out by the US Treasury

New 2012 - 01 - 11:

[12:30 pm] Wall Street Journal: The Fed has disarmed the bond vigilantes

[12:30 pm] Are we raising the stupidest generation in American history? Dumb As A Rock: You Will Be Absolutely Amazed At The Things That U.S. High School Students Do Not Know

[12:30 pm] Ron Paul's Greatest Interview

New 2012 - 01 - 10:

[12:00 pm] Ponzi Planet: The Danger Debt Poses to the Western World

Countries around the world, particularly in the West, are hopelessly in the red, with debt rising every day. Even worse, politicians seem paralyzed, unable -- or unwilling -- to do anything about it. It is a global disaster that threatens the immediate future. But there might be a way out.

[12:00 pm] The Gold Report: Look for End of Debt Supercycle

Are you prepared?

New 2012 - 01 - 09:

[02:45 pm] War? Russian, French warships off Syria, Iran, US drones over Iranian coast

[02:45 pm] Zerohedge: Presenting An Iran Attack Probability Timetable

New 2012 - 01 - 08:

[12:30 pm] On behalf of the agriculture organizations: Senate Bill S 510 Food Safety Modernization Act vote imminent: Would outlaw gardening and saving seeds

[04:45 am] Ooops, Obama received financial aid as a foreigner: VERY QUIETLY OBAMA'S CITIZENSHIP CASE REACHES THE SUPREME COURT

In a move certain to fuel the debate over Obama's qualifications for the presidency, the group "Americans for Freedom of Information" has Released copies of President Obama's college transcripts from Occidental College ... Released today, the transcript school indicates that Obama, under the name Barry Soetoro, received financial aid as a foreign student from Indonesia as an undergraduate.

This is yet another piece of evidence that Obama is an illegitimate president who can be dethroned at any time. After the crash.

New 2012 - 01 - 07:

[05:00 pm] Video: Keiser Report: Spiral of debt towards the paranormal (E233)

New 2012 - 01 - 06:

[09:30 am] Audio: Ann Barnhardt: The Financial System House of Cards Is Ready to Topple

[09:30 am] Audio: Gerald Celente - America Now with Andy Dean - 28 December 2011

[09:30 am] Video: Keiser Report: Wall Street saints above God & law (E232)

[09:30 am] Due to bureaucracy and parasites: No Doctor For You: How The Federal Government Is Chasing Millions Of Good Doctors Out Of The Medical Profession

[09:30 am] Corporate media in the US is in a state of panic because of a potential Ron Paul presidency: Why the Warmongering Media Fears a Ron Paul Presidency

Take a look at the dialogue in the video description below the vid. Journalists and the military are incredibly afraid of Ron Paul because he's the guy who really wants things to change.

New 2012 - 01 - 05:

[04:30 pm] Cartoon: America is no longer the land of the free...

[02:00 pm] Huffington Post: The 10 Schools Where Students Have The Most Debt

[02:00 pm] It has turned into a very bad nightmare for many people: BROKEN DREAM - Beyond Left And Right: America Offers Less Economic Mobility Than Canada And Much Of Western Europe

[01:30 pm] theeconomiccollapseblog: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger

[01:30 pm] Heli-Ben is buying up all treasuries: “Maximum Fraud” In The U.S. Treasuries Market

New 2012 - 01 - 04:

[04:00 pm] Southcoasttoday: Motel owner fights forfeiture by feds

Caswell is fighting a move by the U.S. Department of Justice to take his motel under a law that allows for the forfeiture of properties connected to crimes. In Caswell's case, the government is not claiming that Caswell committed any crimes, but says the motel should be shut down because of the drug-dealing that goes on among its guests.

If the government wins, under a provision of the law known as "equitable sharing," the Tewksbury police department could collect up to 80 percent of the proceeds from the sale of the motel. That would amount to more than $1 million, if the motel sells for the most recent town assessment of just over $1.5 million.

Caswell's lawyers say a comparable amount of drug activity happens at any budget motel, but the Motel Caswell was seen as an easier candidate for forfeiture because it is not part of a large chain. It's also family-owned and mortgage-free, says Scott Bullock, senior attorney at the Institute for Justice, a Washington, D.C., libertarian public interest law firm representing Caswell.

[04:00 pm] Video: Keiser Report: From Russian Oil with Love (E231)

[04:00 pm] Video: Keiser Report: From Russian Oil with Love (E231)

New 2012 - 01 - 03:

[03:00 pm] Right: You Can't Solve A Debt Problem With More Debt

"Whoever cannot seek the unforeseen sees nothing for the known way is an impasse."
― Heraclitus, Fragments

Which path will we take? If we could only grow our way out of our sovereign debt problems. But growing debt creates even more problems if not dealt with, making it even more difficult to deal with; yet getting the debt and deficit under control brings its own form of pain.

[03:00 pm] Financial Sense: James Koutoulas on MF Global and JP Morgan

New 2012 - 01 - 02:

[09:30 am] Due to MF Gobal? Ann Barnhardt: The Futures Markets Are DYING

[09:30 am] Decay: Formerly Great Cities All Over America Are Turning Into Open, Festering Sores

[05:15 am] Because he's a coward: Obama Struggles To Adjust Tone To New Economic Realities

[05:15 am] US financial imperialism from US congress: Iran Makes First Nuclear Fuel Rods, Fires Mid-Range SAM In Retaliation For Full Blown US Financial Boycott

Perhaps the reason for that unpopular move were some of the more nuanced contents of the Bill, among which is the decision to fully boycott not only Iran, but any bank, including central bank, and other financial institution found to deal with Iran. Which incidentally means most of Russia and China, and probably half of Europe, as all petrodollars generated by the country's petroleum export industry first have to make their way via the international financial community back into the country. The history buffs out there will realize that this form of couched antagonism is nothing short of the US approach to Japan during World War II, which was essentially provoked into attacking Pearl Harbor

New 2012 - 01 - 01:

[01:45 pm] Video: Keiser Report: Outrageous Predictions for 2012 (E230)

[01:45 pm] Because they are 'bond junkies': If Our Debt Is So Dangerous, Why Are People Begging for More?

[01:45 pm] The system is crumbling in every nook and corner: Delaying foreclosure: Borrowers keep homes without paying

New 2011 - 12 - 31:

[02:30 pm] About MF Global: On Cascading Counterparty Risk & Economic Treason

[02:30 pm] Slave plants: 28 Signs That U.S. Public Schools Are Rapidly Being Turned Into Indoctrination Centers And Prison Camps

[02:30 pm] The enslaved: 30 Statistics That Show That The Middle Class Is Dying Right In Front Of Our Eyes As We Enter 2012

New 2011 - 12 - 30:

[05:15 pm] We doubt that this move will help them much: JPMorgan, Ally Sued by HSH Nordbank Over Mortgage Bond Losses

New 2011 - 12 - 29:

[03:15 pm] Crazy: Suspicious Activity Reports From U.S. Malls Being Processed By Police State Fusion Centers

[03:15 pm] The Economic Collapse The Economic Collapse: 40 Hard Questions That The American People Should Be Asking Right Now

[03:15 pm] Recession: The Obama Nation: Even More Debt And Even More Store Closings

[03:15 pm] I also expect all of these foreign central banks that have been buyers of gold to continue to increase their holdings: Peter Schiff - 2012 Will Be the Year of Reckoning

[03:15 pm] Video: Gerald Celente on The Alex Jones - 27 december 2011

[03:15 pm] Hopefully not so bad: Gerald Celente – Expect Economic Collapse and Military Takeover

This passed (NDAA) the Senate by 93-7. I’m mentioning this because all the pieces are in place now. The economy is going to crash. There is going to be chaos. Economic martial law will be called. Banks will close. And, chaos will ensure. The law is now in place for the military to come in and take over.

New 2011 - 12 - 27:

[01:45 pm] After an economic crisis and with a “benevolent” authoritarian figure in charge, you can expect the following: What To Expect From The Government After The Collapse

[01:45 pm] Video: Keiser Report: Parasites With Bailouts

[01:45 pm] Broke: Riverside County, California To Charge Prisoners $142 Per Day Of Their Stay

New 2011 - 12 - 26:

[07:15 am] 2012 Stock Market Crash = MAJOR OPPORTUNITY

New 2011 - 12 - 25:

[11:00 am] Video: Keiser Report: Merry X-Max & Happy New GIABO! (E227)

[11:00 am] Financial armageddon: A Very Scary Christmas And An Incredibly Frightening New Year

[11:00 am] The numbers tell us America is in decline... if not outright collapse: The Corruption Of America

[11:00 am] As humans we are all fallible: Ouch, John Paulson's Latest Performance Number Can Guarantee He Doesn't Have A Happy Holiday

New 2011 - 12 - 23:

[11:30 am] He's overinvested in gold mining companies: The Ron Paul Portfolio

[05:00 am] We're all in this together, like it or not: Eurozone Meltdown Would Hit NY, California, Texas Among the Hardest, Report Warns

[04:30 am] Zerohedge: Infographic - Are Guns And Ammo The New Gold?

New 2011 - 12 - 22:

[02:00 pm] That's actually where silver should trade, cause the apple is rotten already: Apple Should Trade $607: Gene Munster

[02:00 pm] It seems like the sheep have learned something after the subprime crisis: Mortgage Rates Hit Record Lows

[02:00 pm] Obama is rather the Wall-Street-kind of guy: Wilbur Ross: Obama ‘Seems to Hate’ Big Banks; EU Has "Dysfunctional" Economies

[01:45 pm] Preparations for the crash: Exclusive: Military to Designate U.S. Citizens as Enemy During Collapse

FEMA Continuity of Government Plans Prep Total Takeover of Society, Dispatching Military Domestically Under Economic Collapse Emergency

Today's elites want to stay in power by making use of martial law and concentration camps, good luck.

[06:15 am] Kyle Bass: The Comex Exposed

At any rate, celebrity hedge fund manager Kyle Bass has been commenting lately on the reasons to be diversifying heavily into physical gold and silver and why it is important to avoid using Comex futures contracts and ETFs for this purpose. The bottom line is that they are derivatives of owning real gold, not valid substitutes. In fact, they are fraudulent substitutes and we have seen from the MF Global abortion that even owning warehouse receipts entitling you to delivery of bars is no longer a valid claim on Comex gold.

Bass' firm apparently went to do an informal audit of the Comex: The Comex had $80 billion of open interest vs. $2.7 billion of actual gold inventory. That means that actual gold at the Comex is less than 4% of the potential outstanding claims. It will only take one big delivery month 4% of the open interest decides to stand for delivery and the Comex is busted. You'll see he also comments that the bars that were owned and supposedly allocated for Bass' firm were scattered all over the vaults. This is bad.

[06:15 am] Video: Keiser Report E226

[06:15 am] Recovery - really? U.S. Existing Homes Sold Since ’07 Revised Down by 14%

New 2011 - 12 - 20:

[04:00 pm] Zerohedge: The Last (Debt-Consumerist) Christmas in America

[04:00 pm] Battlefield USA: Gerald Celente - Sneak Peak of the Top Trends for 2012

[04:00 pm] Martin Weiss: Why A 2008-Type Scenario Is Now Unavoidable; 2012 Will Be Worse Than 2008

New 2011 - 12 - 16:

[05:45 am] About MF Global: The ABCs of Re-hypothecation in Gold and Securities Markets: What You Need to Know

[05:45 am] Another video with the bears: MF Global Debacle Explained in simple Terms

New 2011 - 12 - 14:

[03:45 pm] The Danger of Systemic Collapse Is Far Greater Today Than at Almost Any Time Since the Debt Crisis Began: New Danger of a Systemic Collapse

[03:45 pm] Investors should prepare for the worst when it comes to Europe: The "Neutron Bomb Of Capital Calculations" And A Kyle Bass Refresher

[03:45 pm] Third World? Child Poverty In America Is Absolutely EXPLODING – 16 Shocking Statistics That Will Break Your Heart

[03:45 pm] Zerohedge: Was The "Collapse" Of MF Global Premeditated? A Conspiracy Theory Thought Experiment

[03:45 pm] Zerohedge: CME Executive Chairman Terry Duffy Throws Jon Corzine Under The Bus, Implies The "Honorable" Governor Lied Under Oath

New 2011 - 12 - 13:

[12:00 pm] BBC: Unemployment is world's fastest-rising fear - survey

[12:00 pm] Nobody? No one says who took $586 billion in Fed swaps

[12:00 pm] Zerohedge: Ben Bernanke - $672K Mortgage Holder, Basketballer, Sebring Driver, Kindle Reader, WWII Expert

New 2011 - 12 - 10:

[12:15 pm] It's getting more by the day: BERNANKE’S OBFUSCATION CONTINUES: The Fed’s $29 Trillion Bail-out of Wall Street

[12:15 pm] Chief Ben keeps printing like a madman: Jim Rogers: “The U.S. Federal Reserve Is Lying To Us”

[12:15 pm] Well, that's what a demise looks like: Shocking Charts And Statistics That Prove That America Is No Longer A Wealthy Nation

New 2011 - 12 - 09:

[03:15 pm] Video: pt 1/3 Gerald Celente on The Alex Jones Show - 08 Dec 2011

[03:15 pm] Crazy America: Report: Federal Agents Demand Customer Lists From Food Storage Facility

[03:15 pm] If Europe goes, it’s likely he goes too: Art Cashin Explains Why Obama Is "Terrified" By A European Collapse

[03:15 pm] "War bonds" are becoming popular again: Ben Davies - “Your Country Needs Your Money”

[10:00 am] Because they are the ones to make the rules and nobody else, not even this Obama guy: Why are no bankers in jail this time around?

NEW YORK (MarketWatch) — It’s the lingering question about the financial crisis: Why are no top executives of major Wall Street banks in jail more than three years after Lehman Brothers collapsed? Why have none even been charged with crimes? [...]

Did the administration go easy on Wall Street firms because of their alleged fragility after the crisis, as the New York Times suggested in April? Are Wall Street CEOs being spared because of their contributions to the Obama campaign in 2008 (although they haven’t given nearly as much this time)? Are they being handled with kid gloves because the president doesn’t want to seem too “anti-business” going into his re-election campaign?

Obama is a marionette of Wall Street and he's been ever since. However, he very well managed to disguise this fact before the 2008 elections, when people rather saw him as the ultimate savior.

YES, HE CAN...sell out the United States to a small circle of megalomaniac banks.

New 2011 - 12 - 08:

[01:00 pm] Financialsense: 12 Eurozone Downgrade Shock Waves Could Slam Into US Economy

New 2011 - 12 - 06:

[03:00 pm] Probably: Wall Street too big to Jail ?

This is Dec 4 2011 CBS News 60 min: Prosecuting Wall Street ,It's unbelievable what they get away with. They're fattening their wallets while destroying America, and that's something that they shouldn't be allowed to get away with, anymore. The United States government is bought and payed for and they are all afraid that their boss "Mr. Wall Street" will fire them aka stop all political contributions to their re election campaigns.

[03:00 pm] Theeconomiccollapseblog: The Worst In The World – The U.S. Balance Of Trade Is Mind-Blowingly Bad

The following information comes directly from a CIA World Factbook chart....

190 Turkey $ -48,420,000,000

191 Canada $ -48,500,000,000

192 India $ -51,780,000,000

193 France $ -54,400,000,000

194 United Kingdom $ -56,190,000,000

195 Spain $ -63,650,000,000

196 Italy $ -67,940,000,000

197 United States $ -470,200,000,000

New 2011 - 12 - 04:

[12:45 pm] These two TV-spots were rejected, cause' they are criticizing the monetary system: See anti-Obama ads spiked by major networks – even Fox!

Both TV commercials are a Must-See, so take a look:

[11:45 am] Video: [KR218] Keiser Report: Big Bazookas, Dead Whistleblowers & Hanging Paulson

[11:45 am] Americans arm themselves: Black Friday Gun Sales Break Records

Guns can be bought in any Walmart, at least in the southern states. The ammo is lying around in the shelves like any other merchandise. The average European can hardly believe his eyes when he sees it for the first time. Some are even pulling out their cameras to take a picture.

[11:45 am] Third World "Superpower": How The U.S. Will Become a 3rd World Country

New 2011 - 12 - 03:

[12:30 pm] Liars: U.S. Jobless Rate Unexpectedly Declines to 8.6%

Obama probably instructed them to tell more lies, otherwise they'd end up in Guantanamo.

New 2011 - 12 - 02:

[06:15 am] Poor middle class: Labor Force's Share Of Income Plunges To Record Low

An here is why: Workers Will Give Employers $34 Billion By Not Taking Vacation Days

The sheep simply can't afford to take those vacation days because of various reasons:

1. they are highly indebted and have to work night and day to be able to keep up their credit-based artificial standard of living.

2. with almost no savings it's hard to step in your boss's office and ask for a few days off, let alone a pay raise. The risk to get laid off in the next round of dismissals is simply too high.

That's why there's just a few things left to say for them: "Thank you boss that, thank you boss, thank you boss!"

"Thanks for letting me work so hard. Thanks for paying me money (at all). Thank you for giving my life purpose"

"Is there anything else I can do for you sir?"

[04:15 am] About the corruption within the SEC & CFTC: David vs. Goliath

New 2011 - 12 - 01:

[01:15 pm] Ben is back to normal, which means printing like crazy: Jim Rogers: QE3's Already Started! I'm Shorting Stocks, Long Commodities and Currencies

[01:15 pm] Once a Goldman, always a Goldman: Hank Paulson’s inside jobs

New 2011 - 11 - 30:

[02:45 pm] Took them quite a while to finally act: S&P Downgrades Goldman, Citi, Other Big Banks

[02:30 pm] Kind of weird: Having More Than 7 Days Of Food Makes You A Suspected Terrorist

[02:30 pm] Real 'imperial' poverty: Tens Of Millions Of American Families Are Living On The Edge Of Desperation – And The Economy Is About To Get A Whole Lot Worse

That's the hangover after the credit frenzy of the past years.

New 2011 - 11 - 29:

[02:00 pm] Video: Gerald Celente predicts a Run on The Banks by February 2012

[02:00 pm] 2008: Banks Profited from Trillions in Secret Fed Bailout Programs

[02:00 pm] For conspirationists: Rockefeller 2004 - Return of Private Foundation

[02:00 pm] AA is done: American Airlines Files For Bankruptcy

AMR Corporation ("the Company"), the parent company of American Airlines, Inc. ("American") and AMR Eagle Holding Corporation ("American Eagle"), announced that in order to achieve a cost and debt structure that is industry competitive and thereby assure its long-term viability and ability to continue delivering a world-class travel experience for its customers, the Company and certain of its U.S.-based subsidiaries (including American and American Eagle), today filed voluntary petitions for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of New York.

[02:00 pm] Zerohedge: Ron Paul Explains His Plan For "Monetary Freedom" And Returning To The Gold Standard

New 2011 - 11 - 28:

[01:00 pm] Debt forgiveness is one of the very few solutions: Endgame: When Debt is Fraud, Debt Forgiveness is the Last and Only Remedy, Unleashing The Future: Advancing Prosperity Through Debt Forgiveness

[01:00 pm] Bang: Changing the Rules in the Middle of the Game

“Highly indebted governments, banks, or corporations can seem to be merrily rolling along for an extended period, when bang!—confidence collapses, lenders disappear, and a crisis hits.”

That is what's happening at the moment.

[01:00 pm] Bloomberg: Secret Fed Loans Gave Banks Undisclosed $13B

New 2011 - 11 - 27:

[09:15 am] Work, buy, consume, die: Black Friday Sales Break Record

But what do you expect when the sheep have a president that is such a good role model: Obama Takes His Daughters Shopping

[09:15 am] Video: Keiser Report: Unemploy Wall Street (E215 ft. Danny Schechter)

[09:15 am] The belief that there are more MF Globals has now taken hold: Here You Go: It's Over

[09:15 am] The derivatives bomb is growing rapidly: $707,568,901,000,000: How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In 6 Months

Answer: the banks do this in order to generate fictive income that makes their balance sheets look better.

New 2011 - 11 - 25:

[10:00 am] The consumption idiots simply refuse to learn: READY.. SET.. SHOP - Despite Struggling Economy, America Prepares To Spend Big

Electronic store officials say they're going to be "playing offense" to get consumers to spend on TVs. Some retailers are offering bottom barrel prices on hot video games to lure shoppers.

The only people making money on this day are - as always - the small group of entrepreneurs and shopkeepers. The rest..so to say 99% of the population - the stupid crowd - is forced to spend their money on useless electronic products: Like a herd of sheep that is guided by a few shepherds. Amazing.

Some sheep even get hurt in these crazy shopping infernos: 20 Walmart Shoppers Injured In Pepper Spray Incident On Black Friday Eve

[05:00 am] "We are not hiring until Obama is gone": Trouble

New 2011 - 11 - 24:

[04:00 pm] It's about time for such an attack: Exclusive Interview – Ian Gordon: “$15T U.S. Govt Debt Can Never Be Repaid, U.S. Bond Market To Be Attacked Very Soon”

[01:15 pm] Cartoon: Occupy Wall Street

New 2011 - 11 - 23:

[01:30 pm] Audio: Rick Rule Interview

[01:30 pm] Forbes: Bernanke firmly in control of FOMC, QE3 coming

[01:30 pm] Good night: 17 Quotes About The Coming Global Financial Collapse That Will Make Your Hair Stand Up

New 2011 - 11 - 22:

[05:15 pm] Simon Hunt: November/December Economic Report

[05:15 pm] Printing Ben: ECONOMIST: Bernanke Is Going To End Up Bailing Out All Of Europe

[05:15 pm] Zerohedge: UnoccupyWallStreet: As 200,000 Depart, And The Rest Face Plunging Bonuses, A Look At Wall Street From The "Other Side"

New 2011 - 11 - 20:

[12:45 pm] Huffington Post: The Best And Worst Ways Government Can Help Create Jobs

[12:00 pm] Inflation will soon explodeInterview: Jim Rickards on Inflation and Currency Wars

[12:00 pm] Video: Gerald Celente, on the MF Global scandal and the meltdown of the futures market

[12:00 pm] In gold terms, an average single family home in the United States can now be purchased for only 18% of its pre-bubble price in 2001: Gold Housing Ratio Falls to Historic Low

This was before the bubble had its peak in 2005. Prices will drop even more over the next years.

New 2011 - 11 - 19:

[04:00 pm] If this is true, they are preparing for a currency reform: OBAMA ON NEW DOLLAR BILL

[04:00 pm] Hyperinflation is knocking on the door: According To The Fed, Just Over One More Year Of ZIRP Will Lead To 38.36% Annual Inflation

In our personal experience, we were dismissed as Fed Chairman after annual inflation literally went off the charts and hit 38.36% following 4 years of ZIRP. And according to the Fed, inflation would now, 2.5 years into ZIRP, realistically be running at about 17%. Which incidentally is exactly where it is

Right now, US inflation for essential goods could already be well around 17%. Another year with 0 interest rates could accelerate inflation up to 38% - a number you can definitely not ignore when you are buying food or other essential goods at the supermarket. When will the bond-buying douchebags finally wake up and admit that a 2% return is not satisfying?

[04:00 pm] Did they kill MF Global on purpose, in order to fight inflation? MF Global: Was It A Hit?

[04:00 pm] Everybody wants to become god: #1 In Tentacle Selection: 300,000 People Applied To Goldman Sachs In The Past Two Years; 4% Were Hired

[05:00 am] Audio: The Hedge Fund Managers are heading for the hills - something is about to happen

New 2011 - 11 - 18:

[04:30 am] Video: Keiser Report: In Debt We Trust (E211)

New 2011 - 11 - 17:

[05:15 pm] Max Keiser: Occupy JP Morgan

New 2011 - 11 - 16:

[03:30 pm] There will be no big stock market crash in the coming months: Attention Passengers on Global Equity Flight 2011: Assume Crash Positions

[03:30 pm] Economist: The global debt clock

New 2011 - 11 - 15:

[11:30 am] Zerohedge: Ron Paul: "It Is Estimated That US Banks Have Over A Trillion Dollars Tied Up At-Risk With German And French Banks"

[11:30 am] Do you already have your savings in physical gold and silver? "Our banking system is on the brink of collapse"

[11:30 am] HousingWire: San Diego home sales lowest in four years

New 2011 - 11 - 14:

[03:30 pm] Telegraph: Survival guide to global meltdown

[03:30 pm] GoldSilver: Charles Hugh Smith: The World Is Drowning in Debt, and Europe Laces On Concrete Boots

[03:30 pm] Video: Max Keiser: Gold & silver stake for Wall St. zombie bankers!

[03:30 pm] In order for a society to function, there has to be a certain level of trust: 22 Signs That The Thin Veneer Of Civilization That We All Take For Granted Is Starting To Disappear

New 2011 - 11 - 12:

[05:00 pm] Gerald Celente lost money with gold futures: Gerald Celente: My MF Global Gold Positions Have Been Confiscated by the CME

This example perfectly shows how fast paper gold is gone if the counterparty cheats. He couldn't meet the margin requirements because his broker, MF Global, withdrew all the money from the clients' accounts. That's what got him kicked out.

We are not repeating ourselves over and over again for nothing, that only physical gold and silver are the only reliable way to go when it comes to investing in the precious metals markets.

[04:45 pm] Cartoons: Brilliant Cartoon Work by Artist, Ben Garrison

New 2011 - 11 - 11:

[01:30 pm] 1066 wage slaves now looking for new slavedrivers: Collapsed Financial Firm Lays Off Entire Division

NEW YORK (Reuters) - The brokerage arm of collapsed futures firm MF Global Holdings Ltd has terminated its 1,066-member workforce, according to the trustee in charge of liquidating its assets.

The workers were notified their employment has ended immediately, though they will be paid through November 15, trustee James Giddens said in a statement on Friday.

The economic recovery in the US continues.

[09:30 am] Look how sensitive Ben is: Bernanke Says That Any Criticism Of The Federal Reserve Is Based On “Misconceptions”

New 2011 - 11 - 10:

[01:45 pm] Video: Keiser Report: Gold Wars (E208)

[06:45 am] Good bye: Jefferson County Alabama Files Bankruptcy, Jefferson County's Path From Scandal to Bankruptcy: Timeline

New 2011 - 11 - 09:

[02:15 pm] Because it was an insider deal, and they don't want to give back the stolen money: MF Global's Customer Assets - STOLEN - And Nothing You Hold In This System Is Safe

[02:15 pm] Video: Max Keiser: Time to Get The Hell Out of Dodge

New 2011 - 11 - 08:

[02:00 pm] After MF Global: Depositors Flee as Trust Evaporates on Wall Street

[02:00 pm] When god dies, there's going to be one hell of a massacre: ROUBINI: The Next MF Global Collapse Could Be Goldman Sachs

[02:00 pm] Bill Bonner: Printing Money to Combat a Global Depression

[02:00 pm] So sad: 52% of Unemployed No Longer Receive Benefits; Average Duration of Unemployment is 40 Weeks

[02:00 pm] Video: Keiser Report: Fed, Treasury & Holy Troika (E207)

New 2011 - 11 - 06:

[01:00 pm] Video: Bank Customers Revolt in 'Bank Transfer Day'

[01:00 pm] Good news: Ron Paul declared winner of Illinois Republican straw poll

[07:00 am] Someone should stop these fools: UK and U.S. 'draw up joint plan to attack Iran': Evidence of nuclear programme raises tension in Middle East

[06:45 am] Empire of Poverty: Extreme Poverty Is Now At Record Levels – 19 Statistics About The Poor That Will Absolutely Astound You

[06:45 am] Video: Keiser Report: Make Love, Not Debt (E205)

[06:45 am] About the collapse of MF Global: Michael Krieger Explains Why It Takes Only 5 Minutes

[06:45 am] The Occupy-movement wanted 'to arrest' Jamie Dimon: This Is Only Just The Beginning

[06:45 am] The MF situation could lead to a confidence crisis in the brokerage industry: Could MF Global Be The Lehman/AIG Event Trigger?

New 2011 - 11 - 04:

[04:30 am] The demise of MG Global was apparently as bad as the Lehman collapse: MF Bankruptcy Causes Biggest Foreign Bank Liquidity Scramble To 'Fed Safety' Ever, Harbinger Of Major Eurobank Stress

New 2011 - 11 - 03:

[12:30 pm] Obama-Land: 15 Trillion Dollars In Debt, 45 Million Americans On Food Stamps And Zero Solutions On The Horizon, Hunger & Poverty In America

New 2011 - 11 - 02:

[04:15 pm] Excessive bureaucracy everwhere: Much of our economic activity produces no real value

[04:15 pm] Deeper and deeper into depression: 12 Reasons To Be Extremely Pessimistic About The Direction That The Economy Is Headed

[04:15 pm] The US is actually a 'Greece' as well: US Plans To Issue $846 Billion In Treasurys In The Next 6 Months, 35% More Than Previous Year

New 2011 - 10 - 31:

[04:30 pm] Bloomberg: U.S. Stocks Decline Amid Europe Concerns

[02:00 pm] A primary dealer has died: New York Fed Statement On MF Global, Or How 22 Primary Dealers Became 21 Primary Dealers

The Federal Reserve Bank of New York has informed MF Global Inc. that it has been suspended from conducting new business with the New York Fed.  This suspension will continue until MF Global establishes, to the satisfaction of the New York Fed, that MF Global is fully capable of discharging the responsibilities set out in the New York Fed’s policy, “Administration of Relationships with Primary Dealers,” or until the New York Fed decides to terminate MF Global’s status as a primary dealer.

This shows how fast things can become worse, similar to the Lehman bankruptcy. The question is: will the derivatives bomb blow up now? The coming days will show..

[02:00 pm] The boss already left the sunk ship: Did Jon Corzine Just Get A $12.1 Million Golden Parachute?

As we already said up above this situation is very similar to the Lehman bankruptcy in 2008: highest danger that the derivatives bomb 'explodes', which might in turn lead to those 'cascading defaults' of the big banks!

[02:00 pm] MF deceased due to the Italo-bonds: Presenting The Bond That Blew Up MF Global

Wondering whether there are any further bombs hidden in this broke company?!

[02:00 pm] Bloomberg: Credit-Default Swap Risk Bomb Is Wired to Explode: Mark Buchanan

[02:00 pm] Martin Weiss: What’s your country’s TRUE rating? Here’s the answer …

[05:45 am] Washington Post: The debt fallout: How Social Security went ‘cash negative’ earlier than expected

[05:45 am] A number that is probably a little closer to the truth than the official debt numbers: The $200-Trillion Debt Which Cannot Be Named

[05:45 am] "We Are The 1%": Let Them Eat Cake: 10 Examples Of How The Elite Are Savagely Mocking The Poor

[05:45 am] Video: Keiser Report: Bring down Bernanke Gaddafi style (E203)

[05:45 am] Interesting cartoons by Jim Sinclair

New 2011 - 10 - 30:

[02:30 pm] People tend to forget where the evil is originally coming from: Investors to shift focus from Europe to US economy

New 2011 - 10 - 29:

[06:30 am] Because of an exploding criminality: Clinging to Their Guns: Firearm Ownership Soars to Multi-Decade Highs

New 2011 - 10 - 28:

[04:15 am] Homeless in Vega$$$: The tunnel people of Las Vegas: How 1,000 live in flooded labyrinth under Sin City's shimmering strip

[04:15 am] The poorest city in the US isn't Detroit, but Camden, NJ: City of Ruins

[04:15 am] A special piece of information, but only for the key accounts: Even Goldman Sachs Secretly Believes That An Economic Collapse Is Coming

Further piece of evidence: the gods themselves are massively buying gold with their own money.

New 2011 - 10 - 27:

[05:00 pm] Criminality is exploding: 12 More Signs That Society Is Collapsing

[11:00 am] You better don't provoke these guys: The Dirty Little Secrets Of Debt Collectors

At the same time, the slumping economy means that collectors are increasingly unable to wring money out of debtors, either because they're reluctant to part with it in lean times or because they simply don't have it. And some collectors resort to illegal tactics -- like calling at all hours of the night, using profanity and threats, and lying about the amount of the debt -- in order to strong-arm debtors into sending them cash.

[10:30 am] Another warning from a pro investor: Rich Dad, Poor Dad, Prepper Dad? Even Robert Kiyosaki Is Warning That An Economic Collapse Is Coming

[10:30 am] Wherever you find big government you will almost always find big corporations: The One Percent: Gigantic Government + Gigantic Corporations = Massive Wealth Inequality In America

New 2011 - 10 - 26:

[02:30 pm] USA: The Prepper Movement: Why Are Millions Of Preppers Preparing Feverishly For The End Of The World As We Know It?

[02:00 pm] Who needs the investment banks at all? What Would Happen if Goldman Sachs Disappeared?

Do we really? If Goldman Sachs, JP Morgan Chase, Deutsche Bank, Crédit Lyonnais and five or six of their peers ceased to exist tonight, what would happen? Would their absence change the number of factories, hospitals, farms, biotech research labs, oil wells, or gold mines? Would there be fewer houses or cars? Would computers get slower or TVs lower-def? No. The world of tomorrow morning would have exactly the same amount of real wealth and productive capacity as it does today. The main thing it wouldn’t have is a lot of arcane financial instruments that don’t produce anything edible, and a hundred thousand or so bankers making inordinate amounts of money moving this paper around. To the extent that those bankers would have to take jobs making real things, the post-Goldman world would arguably be richer and more productive.

When these banks collapse, the credit bubble will burst and the paper-wealth of the masses vanishes into thin air.

[01:30 pm] Police state USA: The US Is Fast Becoming a Third World Police State

[01:30 pm] Video: Gerald Celente at Liberty Plaza.- 25 Oct 2011

[04:00 am] Zerohedge: Citi On Whether Europe Can Ruin The World; Or How To Use An Insolvent Continent As An Excuse For Global Printing

[04:00 am] Michael Maloney: "We Pay Tax for the Privilege to Have Currency"

In this video excerpt from the Casey Summit When Money Dies, Rich Dad advisor Mike Maloney explains how currency is created, "fractional reserve banking," and why our banking system is a pyramid scam of epic proportions.

[04:00 am] Video: Peter Schiff @ OccupyWallStreet

[04:00 am] GoldSilver: Social Inequality and the Concentration of Global Wealth: Never have so Few Owned so Much

New 2011 - 10 - 25:

[11:30 am] Inside Investing: Will America model Argentina (and 25% inflation?)

[11:30 am] Right Condition: Wealth Inequality in America, Understanding the Source

[11:30 am] Good question: What Would Happen if Goldman Sachs Disappeared?

[11:30 am] Typical: Report: TSA Interrogates Travelers Carrying Gold and Silver

New 2011 - 10 - 23:

[09:45 am] Bens printing press is already working at warp speed: US Money Supply Surges Surges 33% in 4 Months

[09:45 am] Out of college and into McDonald's: Underemployed And Hating Life

Today, millions of smart, hard working Americans are flipping burgers, waiting tables or working dead end retail jobs not because they want to, but because they have no other options.

McDonald's has a pretty crisis-proof business model, quite contrary to those jobs that average academics usually prefer to do, which aren't crisis-proof at all. These academics, however, do not like to do those lower-class jobs. They are simply not prestigious enough for them. But no country needs 40% academics, not even the USA. The next level would be: field work.

New 2011 - 10 - 22:

[06:00 am] That boy has such a big heart: Obama Has Written Personal Checks To Struggling Americans

He'd do a lot better getting down to the root of all evil, instead of writing checks to a couple of people.

[06:00 am] How broke can a country be when this happens? Texas Prisoners Forced To Skip One Meal A Day Due To Budget Woes

There's gonna be a time when not only the inmates have to skip meals...

[04:00 am] All the printed money doesn't arrive in the middle class: Americans’ Income Drops Most in Twenty Years

[04:00 am] Obama against Wall Street? Bugging Out of NYC: “Something Terrible is Coming… So For Now, I’m Getting Out.”

[04:00 am] Video: Max Keiser: 'US bankers stole billions'

[04:00 am] The Street’s total exposure to the euro zone totals about $2.7 trillion: Behind Europe’s Debt Crisis Lurks Another Giant Bailout Of Wall Street Banks

[04:00 am] Cartoon: End Corporate Greed

New 2011 - 10 - 19:

[05:30 pm] Eric Sprott, one of the most vocal critics of the global financial system, wants to start a bank: Sprott makes a bet on a different kind of bank

[05:30 pm] GEAB: First Half of 2012: Decimation of the Western Banks

[05:30 pm] Worst-case scenario’s closing fast: Occupy Wall Street growing. But no political power or allies yet. Feared yes, attacked by GOP proxy tea party. Soon the Occupation will explode into a new American Revolution: EU bank failures will crash Wall Street — again

[05:00 am] Zerohedge: 10 Essential Fiscal Charts

New 2011 - 10 - 18:

[09:45 am] Zerohedge: Another Quarter, Another Blatant Window Dressing By The Primary Dealer Banks To Make Their Balance Sheets Seem Strong

[09:45 am] Video: How to silence a Nobel Prize winning economist: Ask him about the economy

[09:45 am] G. Edward Griffin: Exposing the Federal Reserve

New 2011 - 10 - 17:

[09:00 am] Stock market review: Stocks: A Critical Showdown Begins On Monday

[09:00 am] Zerohedge: 43,454,601,693,238 Reasons Why The World Is Broke - Presenting The Interactive Global Debt Clock

Do you already have your personal hedge against sovereign default? Got physical Silver & Gold?

New 2011 - 10 - 16:

[05:00 am] Citibank has clients locked up, if they close their bank accounts: Occupy Wall Street Protesters Reportedly Arrested For Closing Their Accounts- Call The CEO

[05:00 am] Signs of depression, just like in the 1930s: Richard Russell - CB’s Buying Here, Swapping Dollars For Gold

[05:00 am] It's about time: Casey Research: U.S. Collapse Predicted

[05:00 am] Already 6 in October: Failed Bank List

[05:00 am] The 1% (or 0.0001%) - check Google Maps to see where the filthy rich live in New York: Google Maps

New 2011 - 10 - 14:

[05:00 am] Bloomberg: US consumer sentiment hovers near record low

[05:00 am] Nouriel Roubini is worried about the global economy: 8 reasons Nouriel Roubini is (still) so worried

[05:00 am] Phil's Stock World: Here's What the Wall Street Protestors Are So Angry About

[05:00 am] Zerohedge: Foreigners Dump $74 Billion In Treasurys In 6 Consecutive Weeks: Biggest Sequential Outflow In History

[05:00 am] In order to distract from social unrest? Sources: US Gives Israel Green Light For Iran Strike

New 2011 - 10 - 13:

[01:45 pm] Something for the protestors: 5 Facts about the Wealthiest 1 Percent

[01:45 pm] Absolutely incredible how banks are allowed to lie: JPMorgan Uses Surge In Its Default Risk As A $1.9 Billion "Source" Of Revenue And Net Income

New 2011 - 10 - 12:

[10:45 am] Broke: Harrisburg, Pa., files for Chapter 9 bankruptcy

New 2011 - 10 - 11:

[01:45 pm] USAtoday: 'Occupy Wall Street' protests test left's determination

"The difference between an angry mob and a movement is a goal," Schnur says. "If you march to the White House and the president asks, 'What do you want me to do?', you have to have something to say."

New 2011 - 10 - 10:

[03:00 pm] Video: Keiser Report: Price Propaganda (E194)

[03:00 pm] Picture gallery of the protests: We Are the 99 Percent

[12:15 pm] Huffington Post: ECONOMIC HANGOVER - U.S. Incomes Declined More During Recovery Than In Recession

And which part of society is hit most by this decline of income? the middle class - as always.

[11:30 am] Martin Weiss: 7 Major Advance Warnings

[11:30 am] Interactive 'spending chart': Obama’s 2011 Budget Proposal: How It’s Spent

The biggest part is spent on social security benefits, then comes the military. Truly a 'capitalistic' budget.

[11:30 am] “The Bank of New York is going to go down": Harry M. Markopolos

[11:30 am] Zerohedge: Did Foreigners Bail Out The US Stock Market... By Dumping $56 Billion In Treasurys?

New 2011 - 10 - 09:

[12:15 pm] They already must have lost their minds because of fear: IMF Explains How World Debt Crisis Is To Be Solved By "Imaginary Economics"

[05:15 am] God himself messes up completely: Global crisis heralds loss for Goldman Sachs

Goldman Sachs is expected to make its first quarterly loss since the depths of the financial crisis, underlying how the current market turmoil is hurting Wall Street's biggest banks.

These losses probably come from the trading and derivatives division. But even if "God" goes down, it'll be simply re-established. Things like that already happened in the past.

New 2011 - 10 - 08:

[05:30 am] About the demise of the middle class: Andy Kroll: Flat-Lining the Middle Class

10 years ago, the US had Bob Hope, Johnny Cash, Steve Jobs.
Now they have no hope, no cash and no jobs...

New 2011 - 10 - 06:

[02:00 pm] Even soldiers are demonstrating: US Soldiers Stand Up In Defense of Their Country – #OccupyWallStreet #OpESR

[10:45 am] The fear that's crawling from Europe over the Atlantic: Follow the Money: Behind Europe’s Debt Crisis Lurks Another Giant Bailout of Wall Street

If you want the real reason, follow the money. A Greek (or Irish or Spanish or Italian or Portugese) default would have roughly the same effect on our financial system as the implosion of Lehman Brothers in 2008.

What they are afraid of in particular are the cascading defaults, which would also 'affect' US banks.

New 2011 - 10 - 05:

[01:45 pm] We'll see: Gerald Celente : The Crash will happen sometime this Month

[01:15 pm] True: Elizabeth Warren: 'The People On Wall Street Broke This Country'

[01:00 pm] On the tenth of July: Anonymous Vows to Attack NYSE

[01:00 pm] Many Americans could not survive a single month without salary: One Third of Americans One Paycheck Away From Homelessness

[01:00 pm] Heli Ben warns congress: Economic Architect Bernanke: Economy Close to Faltering; Concerns About Europe; Very Serious Risk of Substantial Impact to U.S. Financial System

[12:45 pm] thebankingcartel.com: Meet the Texan investor who will make make 65,000% profit if Europe Defaults

New 2011 - 10 - 04:

[12:30 pm] Takedown of NY Stock Exchange on Oct. 10, 2011: Operation-Invade-Wall-Street-A-Message-To-The-Media

The transcript of this video-message is also very interesting:

It seems that the government and Federal agencies enjoy enforcing the law a little bit too much. They instate unjust laws as mindless automatons, blindly following orders with soulless precision.
We witness the Government enforcing the laws that punish the 99% while allowing the 1% to escape justice, unharmed, for their crimes against the people.
We have observed this same Government failing to enforce even the minimal legal restraints of Wall Street's abuses. This Government who has willingly ignored the greed at Wall Street has even bailed out the perpetrators that have caused our crisis.
We will not stand by and watch the system take over our way of life.
We the people shall stand against the government's inaction.
We the people will not be witnesses to your corruption and ill gotten profits.
We will not labor for your leisure.
We will not assist you in any way.

They are protesting against the reign of the bankers who squeeze the shit out of the people by the use of credit payments. "We will not labor for your leisure". And they can't stand the fact that many bankers are immune from prosecution. Something is looming, because a very big part of the citizens gets sucked out that way - for the bonuses of the bankers.

Will this turn into a revolt of the debt slaves?

[12:30 pm] Zerohedge: Is The CME's 150% Hike In Gold Collateral Just A Ploy To Increase Amount Of Legally Confiscatable Gold?

Earlier today the CME did something quite contrarian to its nature: it validated gold by a factor of 150%, when it announced that the amount of gold bullion that customers can post as collateral is increasing from $200 million to $500 million.

Of course, the end result is that should gold, just as cash, be used to collateralize stupid transactions which result in margin calls, the collateral will be confiscated. Therefore, one would be forgiven if one assumes that this is merely a ploy to more than double the amount of perfectly legally confiscatable gold in the capital markets. Which of course would mean that someone, somewhere would be interested in procuring far more physical gold than is already in possession.

New 2011 - 10 - 03:

[06:15 am] Huffington Post: Many Government Retirees Collect Paychecks, Pensions At Same Time

[06:15 am] The air is getting thinner for the men in grey and black suits, also known as 'the money gangsters' or 'terrorists of finance': Wall Street protesters: We're in for the long haul

[05:30 am] Why people are taking to the streets: Uh Oh: 90 Percent Of Americans Rate Economic Conditions In The U.S. As “Poor”

[05:15 am] People apparently start to realize that things are really going to get bad: Economic protesters take to the streets in L.A., Activists continue to 'Occupy Chicago', 'Occupy Denver' speaks out against Wall Street, More than 100 turn out for anti-corporate protest, American Spring: Brooklyn Bridge shut down by protesters

Are Americans beginning to understand what was done to them since the year 2001? The government deliberately created huge mountains of debts in order to prevent the collapse of the system.

[05:15 am] Because they became powerless & helpless in the meanwhile: The Federal Reserve Is Playing Defense

[05:15 am] The marionettes of the empire: Press TV Interviews Paul Craig Roberts on Libya

“…We’re using the French elsewhere in Africa also; we use the British in Afghanistan—they’re puppets.

These countries are not independent. Sarkozy doesn’t report to the French people—he reports to Washington. The British PM doesn’t report to the English people he reports to Washington. These are puppet rulers of an empire; they have nothing to do with their own people and we put them in office…”

Roberts: We are only talking about NATO countries, the American puppet states. Britain, France, Italy, Germany, all belong to the American empire. We’ve had troops stationed in Germany since 1945. You’re talking about 66 years of American occupation of Germany. The Americans have military bases in Italy – how is that an independent country? France was somewhat independent until we put Sarkozy in power. So they all do what they’re told.

This is a very extreme point of view, although it's certainly right to some extent. As soon as the US empire collapses, the rest will collapse as well - just the same way it went down during the days of the Eastern bloc.

[05:15 am] Full liability with one's entire property, now also for Americans: House Is Gone but Debt Lives On

[05:15 am] Zerohedge takes you back to the year 2008: Meltdown Part 1: "The Men Who Crashed The World", Meltdown Part 2: "A Global Financial Tsunami"

[05:15 am] JPM is buying the police: JPMorgan Chase recently donated an unprecedented $4.6 million to the New York City Police Foundation

[05:15 am] Video: Bankrupt Bank of America (occupy wall street)

[05:15 am] Right now they are still laughing at the protestors: BAILOUT MADNESS - Wall Street Socialist Millionaires Mock Protesters While Drinking Champagne

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