We The Sheeplez- The Coming Economic Collapse.."A Nation Of Sheep Ruled By Wolves" Thomas Jefferson

Friday, August 12, 2011

Italy Announces Tough Austerity Measures, Including Tax Hikes and Spending Cuts (Click to read the full story)
Let the Riots Begin...

Summarizing The Terms Of Italian Austerity (Or Here Comes The Piazza Navona Strike Cam)

Remember how two months ago Greece came up with a bulletized list of austerity measures it would immediately if not sooner engage in to demonstrate its responsible adult behavior, funded by over €200 billion in European and American taxpayers funds and two bailouts? Well, since then we have learned that Greek GDP has plunged below even the worst case scenarios, even as the country has missed all deficit cut targets. Today, it is Italy's turn, which however apparently was confused and presented the list of austerity before it got a Greek-style rescue. Which is bad. Because within a few weeks we expect the strike (and riot)-cam to be planted firmly in the Piazza Navona and across the streets ot the Trastevere in capturing the latest round of European indignation, oddly enough not caused by local filming of The Jersey Shore. And now that the strawman is out there, when Italy actually needs the money, which will be soon, and is found to be in compliance with precisely zero of its Reps and Warranties (or kinda like a Bank of America RMBS prospectus) it just may make defrauding the middle that much more difficult.

Gold/SIlver/Stocks - Bob Chapman tells all....adn Schiff, gotta love schiff

silvergoldsilver at silvergoldsilver - 1 hour ago

Timeline Of Fiscal Catalysts In The Second Half Of 2011 And After

Now that Ben Bernanke has made it clear that monetary intervention is on hold (supposedly...at least according to the FOMC minutes; what happens at Jackson Hole is not so clear), that monetary stimulus is on hiatus (if one can call a 2 year ZIRP extension and duration cut hiatus), the economic renaissance ball is deep in the court of fiscal policy. But unlike the Fed, where events by now are so finely and quantitatively nuanced courtesy of the the If=&amp;gt;Then logic of the Fed (no matter how troubled or failed), with the economy now in the hands of politicians, this more than anything could be a reason for everyone to really panic. That said, below is a blueprint of what Congress is "supposed" to doto not throw the economy into a tailspin, and also what it has to do to avoid a repeat of the debt ceiling fiasco once again (which as everyone knows by now buys $2.4 trillion in deficit funding in exchange for $22 billion in deficit cuts).

China "Recalls" 54 Bullet Trains Over Safety Concerns

There were some who speculated that the east China July 23 bullet train crash was indicative of bigger problems with China's breakneck spree to build infrastructure for the sake of building infrastructure. Sure enough, Xinhua reports that not one, not two, but 54 high speed trains have been recalled over safety concerns. What next: someone inquires into China's GDP numbers and discovers that everything is a complete and utter fabrication? Oh wait, China is the BRIC that will pull the world out of the next recession. We keep forgetting.

Friday Afternoon Humor: "Welcome To The Final Stretch..."

“Welcome to The Final Stretch, broadcasting live from beautiful Financial Park; home to the exuberant commentary. You join us now as we to go in today’s financial Gymkhana……And They’re Off!!!

Charting The WTF Economy

America's WTF (certainly not to be confused with Winning The Future) economy summarized in one easy chart.

Under Attack | Real Estate Bar Association (REBA) Sends Cease and Desist Letter to Register of Deeds John O’Brien

Posted by: 4closureFraud

Post date: 08/12/2011 - 16:10

"By suggesting, without adequate support, that the registries are full of fraudulent and defective documents, clouding thousands of titles, YOU are adding to the public's confusion and hesitancy to...

The Great Flaw in the Free Trade Theory And Other Vain Beliefs, Hoaxes, and Follies

Posted by : ilene

Post date: 08/12/2011 - 12:30

The model in my forecast says that meaningful reform to the status quo will not be readily accepted by the power elite. They will promote a 'new normal' which will span a leisurely 'five to ten...