Euro under new pressure after Spain’s debt rating is downgraded … Markets set to fall after ratings agency Fitch strips Spain of AAA score … French debt rating also threatened, says budget minister Francois Baroin … Spain’s Jose Luis Rodriguez Zapatero (left) struggled to gain support for austerity measures. His government may also face a [...]

(snippet)If bankers are increasing the supply, then the price of gold will rise in terms of this inflated money, (although gold does not really rise in price, it simply holds its value while fiat money loses value, thereby giving the appearance of rising). One way to determine whether or not money supply is increasing is [...]

We would all like to think the U.S. will not suffer the same problems as Greece.  I am talking about drastic spending cuts to just about everything.  Teachers, police pensions and social programs are all going to take big cuts whether the Greeks like it or not.  It is not just the Greeks in financial [...]

The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said. Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe’s inflation rate reached 231 million percent in July, the last [...]

Daniel Gross of Slate poses the question: How do we punish BP? The options he suggests – boycotting BP products, charging for the cleanup, even nationalizing the company – are less than satisfying. Here’s another possibility: How about barring BP from the federal trough? According to USASpending.gov, BP has received more than $9 billion in defense contracts since [...]

Let’s start with Gerald Celente of Trend Forecasters: “It did collapse. It collapsed in March of 2009. The world equity markets collapsed. What they did was they propped them up. And they propped them up with stimulus packages worldwide. The United States has lent, spent and guaranteed $11 trillion, to prop up this economy. So [...]

The sorry spectacle of Conservative cabinet ministers flying around the world defending banks from a tax to cover their next, inevitable, meltdown is bad enough. What is perhaps worse is that it is being largely justified by the perpetuation of the myth that Canada did not have to bail out its banks. Wrong. We are, [...]

(snippet)Headlines: “READY FOR WAR,” “U.S. Military told to get ready in Korea Standoff, Obama orders commanders to prepare ‘to deter future aggression.’” By Drudge and MSNBC “U.S. Begins Massive Military Build Up Around Iran, Sending Up To 4 New Carrier Groups In Region” by Tyler Durden “Clinton: Korea Must Face ‘Consequences’ For Sunken Warship” Homeland [...]

Reporting from Vallejo, Calif. First came the break-in at the combination electronics repair shop and real estate agency. Then came the burglar bars on the store’s plate-glass window. But Jimmy Mozaffar, owner of Data Days, sounds less angry with the criminals than he does with the crime-stoppers here in hard-knock Vallejo, the largest city in [...]