The Greek Example
• online.wsj.comAnother bailout to save the banks only delays the inevitable default.
Contents Pages by Subject
Economy - International
Stock Market Tapped Out?
• dailybell.chPandora shares make spectacular plunge below IPO ... It didn't take long before Pandora went from music to investors' ears to the stock market's version of fingernails on a blackboard.
Worries Grow About Breadth of Debt Crisis
• NY TimesThe tumult in the European monetary zone is spreading concern among investors of a broader crisis in financial markets from Ireland to Spain. The worry is that the worst case, a Greek debt default, would lead to damaging losses for European banks and
12 More Signs That Society Is Collapsing
• lewrockwell.comWhat we are now witnessing is the slow motion unraveling of America. Our economy is dying, the American people have lost faith in the government and in almost all of our other major institutions, and our society is collapsing.
Ways to Invest as Faith in Fiat Money Withers
• http://dailybell.ch/Matthew Lynn suggests there will be numerous investment opportunities if the euro crumbles because of the Greek (and PIGS) budgetary crisis.
Greek debt, political turmoil hit global stocks
• ReutersWorld stocks hit a three-month low on Thursday, the euro slumped to a one-month trough and top-rated government bonds rose as concerns intensified the lack of a deal on Greek debt might trigger disorderly market moves. Euro zone officials are stru
What are the social implications of economic collapse?
• http://www.sovereignman.com/For the last few days, we’ve been having an important discussion about the magnitude of the economic challenges in the west; if you didn’t read yesterday’s letter, I really encourage you to do so before proceeding...
Sino-Forest Is Leading Indicator of China Disaster?
• http://dailybell.ch/We've been waiting for something like this (see above). Critics are starting to engage with China in earnest and this is just one more sign of it.
China inflation at near three-year high
• http://english.aljazeera.net/Inflation hits 34-month high at 5.5 per cent, powered by rising food prices and commodities.
Bilderberg 2011: Prisonplanet.com Master Page
• http://www.prisonplanet.com/This is a master page with links to articles, videos, pictures and coverage of the secretive Bilderberg meeting, taking place over the 8-13th June 2011 in St Moritz, Switzerland.
S&P Cuts Greece Rating, Expects Restructuring
• bloomberg.comGreece had its credit rating cut three levels by Standard & Poor’s, which branded the nation with the world’s lowest debt grade and said a restructuring looks “increasingly likely.”
US Is in Even Worse Shape Financially Than Greece: Gross
• www.cnbc.comWhen adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco's Bill Gross told CNBC Monday.
Big Bucks Through World Government: Elite Bilderberg 2011 Meeting Draws Scrutiny
• Alex Newman via LewRockwell.comA secretive cabal of some of the world’s most influential people, the Bilderberg group, will be meeting June 9 to the 12th in St. Moritz, Switzerland – but this year, more attention than usual is being afforded to the gathering in the world press.
Astonishing pictures show how Japan is recovering just three months after tsunami
• Emily Allen via DailyMail.co.ukJapan's economy shrank 0.9 percent in the first quarter but recovery is expected between July and September
Hillary Clinton in Africa on U.S. trade drive
• RawStory.comSecretary of State Hillary Clinton said Saturday the United States wanted to expand trade with Africa by investing in the continent's people, warning against a "new colonialism" as China expands its presence.
Austria puts two mountains up for sale
• Megan Carpentier via RawStory.comThe Austrian government is putting the mountains of Grosser Kinigat and Rosskopf, near the border with Italy, up for sale for a total of about $175,000 US. Locals from the village at the foot of the peaks, Kartitsch, are quite upset.
This Weekend on LewRockwell.com - Sat. June 11th 2011
• LewRockwell.comThat Speeding Freight Train You Hear - The Decline and Fall of the Welfare State Obama can't stop it, says Pat Buchanan - The Bilderberg 2011 Attendee List - Another Gold Correction Is Coming - Astonishing Japanese Photos 3 Months After
Russian ATM Scans Credit Applicants to Determine if They're Lying
• Rebecca Boyle via PopSci.comA new ATM for a Russian bank turns money machines into truth machines, using fingerprint recognition, 3-D face scans and voice analysis to determine whether customers are worthy of applying for credit cards.
Host:
Ernest Hancock
Ernest Hancock: Today's News on FreedomsPhoenix.com
Program Date:Ernest Hancock: Today's News on FreedomsPhoenix.com
The United States vs. China
• RT.com via YouTubeWhats behind the souring of U.S. and China relations? When Barack Obama became U.S. President, the conventional wisdom was that relations would improve. The high point came when Obama made his first visit to China in November of 2009 when both sides
DJIA Sinks Below 12000
• online.wsj.comAnother dose of anguish about the global economic recovery sent the Dow Jones Industrial Average below 12000, pointing to a sixth straight weekly decline that would be blue chips' longest slump since 2002.
Jim Rogers: 'US the largest debtor nation in history'
• YouTube - Jim RogersWhile US and China are holding talks in Washington DC the question arises - who has the upper hand in this negotiation? Co-founder of the Quantum Fund Jim Rogers says he would always like to be a creditor, not a debtor.
Three Macro Trends You Need to Watch
• dailybell.chThe world is seemingly under stress from almost all sides. Lets take a look at a couple of the cross currents in the world, some of which no one is talking about yet.
World must invest $40 billion a year to save forests, says United Nations
• RawStory.comInvesting $40 billion annually in the forest sector is needed for the world to transition into a low carbon, resource-efficient green economy, according to a UN report released here Sunday.
Pimco says Japan, U.S. debt losing investment appeal
• ReutersPimco cut its holdings of Japanese and U.S. government debt in the past six months due to their diminishing investment appeal, although Japan's political turmoil is unlikely to trigger a spike in yields in the near term, the top bond fund's head of J
Global Economic Crisis Deepening
Stephen LendmanGlobal economic depression
Oil prices poised to rise as OPEC talks collapse
• RawStory.comOPEC talks broke down in acrimony on Wednesday without an agreement to raise output after Saudi Arabia failed to convince the oil cartel to lift production.
Greeks Grab Their Money from the Banks – Time is Running Out
• www.forexcrunch.comWhile the European Union is dragging its legs regarding a sustainable solution for Greece, the Greeks are on the move, withdrawing large sums of money from the banks (before they won’t be able to), taking to the streets and begin talking about a revo
What Will a Nuclear-Free Germany Cost?
• Peter Fairley via TechnologyReview.comMerkel's plan to exchange nuclear reactors for offshore wind farms and a stronger grid could cost more than expected.
An unlikely business opportunity in Latin America
• http://www.sovereignman.com/Several years ago, I was briefly involved in a deal here in Panama in which the local owner of several fast food restaurants was looking to sell.
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