A boots on the ground perspective on the Chile riots
• www.sovereignman.comYou’ve probably heard that old saying– ‘if you’re not a socialist by the time you’re 20, you have no heart. If you’re still one by the time you’re 30, you have no brain.’
Contents Pages by Subject
Economy - International
Euro bail-out in doubt as "hysteria" sweeps Germany
• Daily TelegraphGerman Chancellor Angela Merkel no longer has enough coalition votes in the Bundestag to secure backing for Europe's revamped rescue machinery, threatening a consitutional crisis in Germany and a fresh eruption of the euro debt saga.
Iceland's On-going Revolution
• www.dailykos.comAn Italian radio program's story about Iceland’s on-going revolution is a stunning example of how little our media tells us about the rest of the world.
Step 1: How do I get started?
• www.sovereignman.comOn to this week’s questions. First, Jennifer asks, “Simon, each day you are writing from some exotic location; what are you doing in these places? I mean, I know you’re working on something, but what exactly are you doing? Why do you travel so much?”
TED Spread: 3-month LIBOR greater than 2 year treasury yield!
• The Political CommentatorTED Spread revisited as the yield of 3-month LIBOR and the 2-year US treasury invert! What is the TED Spread? This from The Political Commentator back in July: "As a barometer of the "flight to quality" of funds around the world, the TED Sprea
Moody’s Cuts Japan’s Rating One Notch, Citing Its Giant Debt
• NY TimesMoody’s, the credit ratings agency, lowered Japan’s credit rating by one notch on Wednesday, warning that frequent changes in administration, weak prospects for economic growth and its recent natural and nuclear disasters made it difficult for the go
Paper Currencies Finally Redeemed for Gold
• http://www.thedailybell.com/The basic unwillingness of politicians to face economic and financial realities has caused the United States and European Union to face currency collapse. The politicians are content literally to paper over the problem with massive amounts of newly p
Expect bitcoin to be “banned” – expect the ban to be ignored
• http://economicsandliberty.wordpress.com/Man, by nature, wants to be free. He wants to choose how he lives his life. He wants to choose with whom he will associate. He wants to choose with whom he will trade. He wants to choose how his money is spent. Bitcoin gives him a greater ability to
State of TradeHill [Bitcoin.com Announcement]
• http://tradehillblog.com/In the coming weeks we’re going to roll out a beta of our new wallet and merchant services on Bitcoin.com. Our goal with Bitcoin.com is to make Bitcoin more accessible to everyone in the world by developing an ultra-simple set of Bitcoin services.
Keynes vs. Hayek BBC debate at LSE–Redux and Podcast
• http://blog.mises.org/Hayek vs Keynes at the LSE and Keynes vs. Hayek BBC debate at the London School of Economics originally held at LSE on July 26, 2011, and broadcast on the BBC on August 3, will be repeated on the BBC on Wednesday, August 24, at 9am (UK time, presumab
Host:
Ernest Hancock
Karen Kwiatkowski - Lewrockwell.com: Reason-able? / Paul Loeb - British Austerity and Riots
Program Date:Karen Kwiatkowski - Running for Congress 2012 VA 6th - Lewrockwell.com: Reason-able? / Paul Loeb - author of "Soul of a Citizen" - British Austerity and Riots
Host:
Ernest Hancock
Karen Kwiatkowski - Lewrockwell.com: Reason-able? / Paul Loeb - British Austerity and Riots
Program Date:Karen Kwiatkowski - Running for Congress 2012 VA 6th - Lewrockwell.com: Reason-able? / Paul Loeb - author of "Soul of a Citizen" - British Austerity and Riots
The price of a Big Mac meal is now $17.19 in Zurich
• http://www.sovereignman.com/One of the things that people pick up on very quickly as they travel are how different price levels are around the world. I’ve been to roughly 100 countries, and I still find it amazing how much variance there is among things like food, property, and
Keynes vs. Hayek BBC debate at LSE–Redux and Podcast
• blog.mises.orgToby Baxendale has informed me that the Keynes v Hayek debate, originally held at LSE on July 26, 2011, and broadcast on the BBC on August 3, will be repeated on the BBC on Wednesday, August 24, at 9am (UK time, presumably), on the Radio 4 show “Anal
Banks, entwined in government debt, contribute to Europe’s dimming outlook
• Washington PostAs investors dumped stocks Friday on both sides of the Atlantic, a growing suspicion that Europe’s banks are on shaky ground offered more evidence that the struggling global economic recovery is in trouble. The increasing mistrust of Europe’s banks i
Gold Hits New Record After Chavez Announces Plan To Pull Reserves From US, European Banks
• www.prisonplanet.comVenezuelan leader to withdraw $11B in gold reserves to protect against “disturbances” in financial system
Doug Casey: We Are Exiting the Eye of the Storm
• lewrockwell.comSo, Doug London has suffered more damage from recent rioting than from anything else since the Blitzkrieg; the stock market had its most volatile week in years; gold shot well north of $1,800; and the U.S. government almost crashed into its debt ceil
Asian Stocks Slump Again on U.S. Fears, Europe Woes
• ReutersAsian stocks tumbled as much as 4 percent on Friday on growing fears that the U.S. economy was sliding into recession and as some European lenders faced short-term funding strains, raising fears of a systemic banking crisis on the continent.
Stocks Trim Losses, Dow Down 350; HP Jumps
• www.cnbc.comStocks were off their session lows after European markets closed, but the major averages were still sharply lower across the board following a handful of disappointing economic news and over continuing worries over the stability of euro zone banks.
Gold strikes record as macro unease jolts markets
• ReutersGold rallied to its second record high in a week on Thursday, driven by growing investor unease over the outlook for the U.S. economy after data showed an unwelcome pickup in inflation, and over the lack of resolution to the European debt crisis.
Asia Stocks Fall on High Yen, U.S. Rates Concern
• BloombergAsian stocks fell for the first time in four days after two Federal Reserve officials said they opposed a pledge to keep U.S. interest rates at record lows and as the yen rose toward a post-World War II high. Honda Motor Co., a carmaker that gets
Banks snub proposed eurozone tax
• http://english.aljazeera.net/European banks say Franco-German proposal to tax financial transations won't stabilise the markets.
Asian shares fall, euro shaky after summit let-down
• ReutersJapanese shares fell on Wednesday, dragged down mainly by hi-tech firms, while the euro wobbled after French and German leaders failed to deliver a solution to the euro zone debt crisis and restore investor confidence after a global market rout. E
Putin sets sights on Eurasian economic union
• www.ft.comTwenty years after the Soviet Union collapsed, Vladimir Putin, the Russian prime minister, may not, as is sometimes alleged, be trying to recreate it. But he is pursuing a different project – to build a “quasi-European Union” out of former Soviet sta
Swiss Ponder Battle Over Runaway Franc
• www.bloomberg.comSwitzerland, the nation that hasn’t gone to war with a foreign power since Napoleon, is reluctantly debating a generational taboo: ceding monetary independence to win a battle over its runaway currency.
Too Many Emergency Meetings in Europe
• lewrockwell.comIf the sovereign government debt situation in Europe is anywhere near a final economic solution, why do the heads of Germany and France keep meeting? These meetings are getting more frequent.
On Markets, Manipulation, Regulation, and Nationalization
• www.survivalblog.comOn August 12th the newspaper headlines had some exceptionally bad news: Four European Nations to Curtail Short-Selling. This is an ill-advised panic move, following some massive losses on the European stock markets.
Max Keiser: World Is Witnessing Financial WWIII
• Russia TodayFollowing the loss of the US’s triple-A credit score which sparked sell-offs on global markets, a new war using financial derivatives has been waged, which by no means can bear the name of WWIII, financial analyst Max Keiser told RT. Investors how
UPDATE 4-Italy delivers tough austerity measures
• www.reuters.com* Cabinet adopts 45.5 bln euros in budget measures by 2013 / * Special levy on high earners, financial tax rise / * Accelerated deficit cuts imposed by ECB / * Berlusconi says tax increases make his heart bleed
Celente Solution: The 21st Century ‘Global Game Changer’
• http://www.prisonplanet.com/After reading the newly-released SummerTrends Journal, no responsible journalist will be able, in good conscience, to paint Gerald Celente again as a purveyor of “Pessimism Porn,” a “gloom and doomer,” or an “alarmist.”
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