2012 meltdown
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Anyone With Half A Brain Should See That A Gigantic Economic Collapse Is Coming (INDEXSP:.INX, GLD, SLV)

Anyone With Half A Brain Should See That A Gigantic Economic Collapse Is Coming (INDEXSP:.INX, GLD, SLV) | 2012 meltdown | Scoop.it

When Barack Obama took office, the U.S. national debt was 10.6 trillion dollars.  Today, it is 15.6 trillion dollars and it is rising at the rate of about 150 million dollars an hour.  During the Obama administration so far, the U.S. government has accumulated more debt than it did from 1776 to 1995.

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2012 meltdown
After the global minotaur dies what comes next?
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Coppola Comment: The broken Euro Via Pepe Escobar FB #Cyprus #EU #Russia

Coppola Comment: The broken Euro Via Pepe Escobar FB #Cyprus #EU #Russia | 2012 meltdown | Scoop.it

Imagine you live in a prosperous country, with a lovely climate, beautiful beaches, blue seas. But there's something funny about this country. It doesn't have a functioning banking system.

You can put money into your bank, but you can't get it out again. At least you can, through ATMs, but only in very small amounts.

If you have money on deposit, you can't take the money out and close the account. And if it's a time deposit, when it reaches the end of its life, you can't have the money to spend. You have to roll it over into a new deposit.

You can't cash a cheque in a high street bank. You can't pay bills in a high street bank, either. And no high street bank is lending any money, so if you want a loan, forget it. In fact high street banks are not much use.

Your employer pays you in cash, because there are no electronic payments. Which is just as well, really, because you need cash. There are no automated payments such as direct debits, so you pay all your household bills in cash. Credit and debit cards are no longer accepted anywhere, so you buy all your shopping and petrol for your car with cash. You can't make phone or internet purchases.

If you have more than one account, you can't transfer money between your accounts. If only one of your accounts has ATM access, once that account is empty, you are stuck with no money.


Via Quociente Cultural
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A very interesting analysis of the situation in Cyprus - how they have been effectively kicked out of the eurozone and how this affects day to day life.

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US Christmas Gift: $631 Billion Military Budget

US Christmas Gift: $631 Billion Military Budget | 2012 meltdown | Scoop.it

Stop NATO


Via Ben-Perrusi Martins
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The US deficit is huge and growing. The economy is so terrible there is a lost generation of young people, many of whom are jobless and sleeping on the streets and yet there is still the political will to increase the military budget. I wonder how big the deficit would be if they had to pay Greek levels of interest rates on their borrowing instead of printing money....
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Control Over Greek Gold is Reason For Banksters' Destruction of its Economy

Control Over Greek Gold is Reason For Banksters' Destruction of its Economy | 2012 meltdown | Scoop.it
by Susanne Posel October 30, 2012 (TSR) - Last week, gold fell below $1,700 an ounce. This prompted caution in the metals markets as the Federal Reserve Bank continues its purchases of the mortgage-backed securities.
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IMF's epic plan to conjure away debt and dethrone bankers - Telegraph

IMF's epic plan to conjure away debt and dethrone bankers - Telegraph | 2012 meltdown | Scoop.it

So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the same for Britain, Germany, Italy, or Japan.

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FLASH: German gold report reveals secret sales that likely were part of swaps | ZeroHedge

Reports are circulating that German plans to repatriate its gold stored in US vaults for inspection - if true gold prices should shoot up. Also may be an economic warning...

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Diplomacy at Gunpoint | The American Conservative

Diplomacy at Gunpoint | The American Conservative | 2012 meltdown | Scoop.it
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QE3 Warfare Against The Dollar, Its People and U.S. Sovereignty

On the Sunday edition of the Alex Jones Show, Alex covers the private bankster cartel known as the Federal Reserve and its latest QE warfare against the doll...
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The roots of health care | Bangkok Post: business

The roots of health care | Bangkok Post: business | 2012 meltdown | Scoop.it
The advent of Western medicine in Thailand about 100 years ago precipitated a decline in traditional herbal medication.
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Carbon-Based: Time running out for solution to Yemen's water crisis

Water and sanitation are chronic problems in Yemen, where, on average, each Yemeni only has access to about 140cu.m. of water per year for all uses. (The Middle East average is about 1000cu.m. per person per year.) ...
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US politics: Corporates and candidates - FT.com

US politics: Corporates and candidates - FT.com | 2012 meltdown | Scoop.it
Nine months into his presidency, Barack Obama hosted a private lunch for the chief executives of some of the biggest US companies, Amazon and Kraft among them. The summer of 2009 had been tough.
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VIDEO: America's "War under the Table" in Syria: Former Blackwater Mercenaries Training FSA Terrorists

VIDEO: America's "War under the Table" in Syria: Former Blackwater Mercenaries Training FSA Terrorists | 2012 meltdown | Scoop.it
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#Syria: 'Murder and drugs rife in Free Syrian Army'

#Syria: 'Murder and drugs rife in Free Syrian Army' | 2012 meltdown | Scoop.it

The Voice of Russia

 

 

 

 

 

 

  

 

 


SYRIA UNDER ATTACK:
http://www.scoop.it/t/from-tahrir-square?q=Syria

 


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Spain feels debt heat, Greece way off bailout terms - Reuters

Spain feels debt heat, Greece way off bailout terms - Reuters | 2012 meltdown | Scoop.it
Spain feels debt heat, Greece way off bailout termsReutersPrime Minister Antonis Samaras said Greece's economy could contract by more than 7 percent this year, pushing debt-cutting targets further out of reach, but he pledged to stay the course.
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The desire to blame Greece for the eurocrisis ensures that the Greek ...

The desire to blame Greece for the eurocrisis ensures that the Greek ... | 2012 meltdown | Scoop.it
The Greek economic crisis is employed as a metaphor scaling the levels of local experience and international anxiety. I have worked in Trikala, Thessaly, central Greece, since 2003 as an economic and historical ...
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Skyfall, starring David Petraeus By Pepe Escobar #Libya #US #Petraeus #CIA #Alqaeda #Benghazi #Stevens

"My name is Petraeus. David Petraeus. Move over, Bond, with your Skyfall; this is the real deal, a certified political/national security blockbuster to end them all.

This is how Hollywood would market it; "He had the nation's highest security clearance. But above all he was an embedded lady killer."

Now for the casting. Daniel Craig could easily play The General, although The General would rather teleguide a Hellfire than an

Aston Martin, and wear a "fruit salad" (as in myriad decorations) instead of a killer Tom Ford suit. Demi Moore - sultry as ever - could play "Paula". Assorted Iraqis and Afghans would play "collateral damage". (...)"


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Where's our gold?

Where's our gold? | 2012 meltdown | Scoop.it

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss how central banks around the world are buying gold and Germany starts to wonder if their gold bar are safe in the Federal Reserve.

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Why is the West fighting for Syria?

Why is the West fighting for Syria? | 2012 meltdown | Scoop.it
By Vestnik KavkazaKonstantin Sivkov, first vice-president of the Academy of Geopolitical Problems, Captain, member of the Communist Party, has recently stated his position on the Middle East developme (Why is the West fighting for Syria?
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'Gaddafi’s regime looks like a beacon of light compared to the current govt' — RT #BanWalide #UN #Libya #GNC

'Gaddafi’s regime looks like a beacon of light compared to the current govt' — RT #BanWalide #UN #Libya #GNC | 2012 meltdown | Scoop.it
The siege of Bani Walid, Libya’s ongoing political instability, and the alleged torture of Gaddafi loyalists has left the country a far cry from the vision that western powers had when they supported last year's NATO bombing.

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#UK, #US Armada Massing in the Gulf as Israel Prepares to Attack #Iran

#UK, #US Armada Massing in the Gulf as Israel Prepares to Attack #Iran | 2012 meltdown | Scoop.it

Strategic Culture Foundation

 

 

 

 

 

 

 

 

 

 

 

 


US ON IRAN:
http://www.scoop.it/t/from-tahrir-square?q=US+IRAN

ISRAEL ON IRAN:
http://www.scoop.it/t/from-tahrir-square?q=IRAN+ISRAEL

US & ISRAEL ON IRAN:
http://www.scoop.it/t/from-tahrir-square?q=US+ISRAEL+IRAN

IRAN UNDER ATTACK:
http://www.scoop.it/t/from-tahrir-square?q=IRAN+

 


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Shultz, Boskin, Cogan, Meltzer and Taylor: The Magnitude of the Mess We're In

Shultz, Boskin, Cogan, Meltzer and Taylor: The Magnitude of the Mess We're In | 2012 meltdown | Scoop.it

Interesting article from Hoover Institute economists who are ex Treasury Dept outlining the magnitude of the US' financial mess. I hadn't realised that under QE3 the Fed GIVES money to the banks!

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When will the euro collapse? It’s already dead

When will the euro collapse? It’s already dead | 2012 meltdown | Scoop.it
Everyone wants to know when the euro will collapse, but they don’t understand that, in all the important ways, the euro is already a zombie, writes Matthew Lynn.

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The backlash against the rich has gone global - FT.com

The backlash against the rich has gone global - FT.com | 2012 meltdown | Scoop.it

The American election campaign will be a very interesting test of whether this is true - that there is a backlash against the rich.

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Spiral of banks warns of financial meltdown - science-in-society - 02 August 2012 - New Scientist

Spiral of banks warns of financial meltdown - science-in-society - 02 August 2012 - New Scientist | 2012 meltdown | Scoop.it
A simple visual tool could monitor global financial stability in real time, identifying institutions that need to act before the global financial system is...

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States' Finances Threaten Whole Country | Mercatus

States' Finances Threaten Whole Country | Mercatus | 2012 meltdown | Scoop.it
RT @mercatus: Eight states are projected to reach 90% debt-to-GDP ratios by 2030 http://t.co/RCwoJVJr...
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Can a real central bank save Europe?

Can a real central bank save Europe? | 2012 meltdown | Scoop.it
There is one simple difference between all the European victims of financial crisis and the lucky countries that are given a free pass by investors, despite their even bigger deficits and worse banking crises.
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