Amazing Audio From The S&P 500 Pits As The Market Goes Into Complete Collapse
• godlikeproductions.comTry listening to this audio from the "epicenter of the meltdown." (MP3)
Current News Headlines
These pages list the most recent news stories reported by the readers and editors of Freedom's Phoenix:
Warp 10 Mr. Scott: Short Term Treasury Bond Roll Rate
• ZeroHedge.comWe have gotten to the point where the roll issue is not a monthly concern, but is becoming a weekly funding threat, and even daily. Of course, as we speculated in December, what better way to raise demand for Treasuries than stage an equity selloff.
Fed to Open Currency Swap Lines: Is The Fed About to Save the Europeans?
• ZeroHedge.comThe Fed is considering reopening swap lines with central banks, likely in conjunction with the rumored rescue package. This is the news that shot the market up in the last 10 minutes of trading as the Fed would never allow the market to close...
Bob Barr’s “Lessons in Liberty” #1: Pay Your Ghostwriter
• James Bovard...Bob Barr captured the Libertarian Party nomination for presidential candidate, his campaign manager, Russ Verney, requested that I ghostwrite a campaign book. We came to terms, I wrote a book, and the campaign released Bob Barr’s Lessons in Libert
Adam Kokesh Pushing Toward Primary
• Sharlene Holt, Musicians for FreedomWith only a few weeks left until the Republican primary, the Kokesh campaign is gearing up and getting ready for their get out the vote efforts to mobilize supporters and get Adam Kokesh elected. They are inviting volunteers to travel to Santa Fe...
Announcing FREEDOM FRIDAYS Demonstrations
• CameraFRAUD - The Cameras are Coming DownSummer is here, and it's time to turn up the heat on American Traffic Solutions.
Automated ticketing and warrantless mass-surveillance of the population is unacceptable in a true, free society. ATS has a long track record of ignoring the ve
Left Attacks on the Tea Party
• Uncommon SenseWhere is the media outrage over the hate speak being used by the left as they continue their attacks on the Tea Party movement? The mainstream media has shown that they are willing to run with almost any story about “bad behavior” by Tea Party
2010:the dawning of Socialism in America?
• Uncommon SenseIn 1948 while campaigning for president, Norman Thomas of the Socialist Party of America said “The American people will never knowingly adopt Socialism. But under the name of ‘liberalism’ they will adopt every fragment of the Socialist program, until
What Recovery: 39.68 million American's Are Now On Food Stamps
• Reuters.com/USDA estimates enrollment will average 40.5 million people this fiscal year, which ends Sept 30, at a cost of up to $59 billion. For fiscal 2011, average enrollment is forecast for 43.3 million people.
Poor man's Gatorade saves Bangladeshi kids
• AP / The Telegraph"Bangladesh, one of the world's poorest countries, is a leader in the fight against diarrhea, which is the number two killer of children under age 5 worldwide after pneumonia. Diarrhea claims 1.5 million kids annually - more than AIDS, malaria and
Public Employee of the Year Award
• SNL (h/t Joe Cobb)A night to honor America's government worker.
The Double Whammy: Deflation Tightens Monetary Policy for Fed
• Bloomberg.comInflation that’s too low raises the possibility of outright deflation and doesn’t ease the real burden of debt, Bernanke said in a 2003 speech. A falling inflation rate also increases real interest rates, effectively tightening monetary policy, he sa
Affable Escorts for The Fed and Status Quo
• FireDogLake.comGood for Ron Paul for telling Rahm and his little pro-bank whip operation to get stuffed. He’s seizing a moment of transpartisan anger at the banks and he’s pointing it straight at the Wall Street apologists. It will be interesting to see how far..
Mish: Fed Does Not Want an Audit - America is Wall Street's Sucker
• GlobalEconomicAnalysis.blogspot.comLet's put them under some degree of restraint before it all comes crashing down, on us."
Size Matters: TSA Employee Beats Up Boss Over the Scan of His Package
• Infowars.com/44-year-old Rolando Negrin beat his supervisor with a police baton after he had cracked jokes about Negrin’s small manhood when he walked through a naked scanner as part of a training exercise at Miami International Airport.
Fed’s Plosser Says Recovery on ‘Sustainable Path’ as Jobs Gain
• Bloomberg.comFederal Reserve Bank of Philadelphia President Charles Plosser said the U.S. economy’s recovery is “on a sustainable path” and job growth will pick up after a government report today showed 520,000 hires in two months.
Euro Surges As Rumor That ECB Will Bail Out 1,100 European Banks
• ZeroHedge.comEuro (and the market) surging on rumors that the ECB is preparing to bail out 1,100 banks in Europe. And with that the bailout moves officially to Europe. From the dealer community:
Joe Lieberman: We Will Decide Who Has Terrorist Sympathies
• NYtimes.com/“It reflects the changing nature of war and recent events,” Mr. Brown said Thursday. “War has moved into a new dimension. Individuals who pick up arms — this is what I believe — have effectively denounced their citizenship...
Nouriel Roubini: US faces inflation or default
• gulfnews.com/business/So, there is a massive buildup of public debt. And the lesson of history is that unless this buildup of sovereign debt is tackled eventually by raising taxes and controlling spending, then there are only two outcomes: default or high inflation.
Greek protesters encircle parliament as new austerity measures approved
• news.xinhuanet.com/englishTens of thousands of Greek citizens marched in the center of Athens on Thursday afternoon, encircling the parliament building, while inside the bill on the new austerity measures was approved.
Philip Giraldi: A Timetable For War
• InformationClearingHouse.infoI think the Israelis will make their move before August. They want to entangle the United States into fighting on their behalf but they will not necessarily want to humiliate Obama while doing so.
Evidence Suggests Early Humans Mated with Neanderthals
• spiegel.de/international"Those of us who live outside Africa carry a little Neanderthal DNA in us," Pääbo says. The study estimates that between 1 and 4 percent of non-African DNA is inherited from these long-ago liaisons with our Neanderthal cousins.
New Housing Affordability Index: Phoenix Housing is Still Too Expensive
• AZcentral.comA higher share of Phoenix neighborhoods are out of reach for those families than are New York City neighborhoods for median-income earners there, the center said.
High-End Homeowners Falling Into Foreclosure Trap
• CNBC.comHeated pools, ocean views and media rooms are not what most people would expect to find in a foreclosed property, but more high-end homes—priced over a million dollars—have been falling into the hands of banks this year.
Deflation: Governments Revenue Squeezed on Two Sides
• EconomicPolicyJournal.comMoney flow is slowing during such a period, the money isn't out there to buy the government bonds that various jurisdictions want to issue . It is a situation where government gets squeezed from both sizes, less revenue and less ability to borrow.
How Is Our Economy To Succeed When Our Politicians And Banks Are Betting Against It?
• The Economic Collapse blogIt is one thing to make a legitimate profit on an investment. It is another thing entirely for the biggest financial institutions in the United States and our politicians to be making massive amounts of money off of the economic collapse of America.
Arizona to eliminate speed cameras on highways
• Yahoo NewsArizona is ending a groundbreaking and contentious program that put speed cameras along Phoenix-area freeways and in vans deployed across the state.
Laser creates clouds over Germany
• NewScientistA laser has been used to generate small clouds on demand in lab, and real-world experiments suggest this could be a way to call down rain when it's needed.
20 Things You Will Need To Survive When The Economy Collapses
• Businessinsider.com/Today, millions of Americans say that they believe that the United States is on the verge of a major economic collapse and will soon be entering another Great Depression. But only a small percentage of those same people are prepared for that to happ
Stocks Hammered Again As European Bank Fears Reignite
• Businessinsider.com/It's starting over. The NASDAQ is what's really getting crushed, down over 3%. The Dow is moving around, but down over 211.
