Monday, March 14, 2011

NY through the eyes of a cryptic critic

The website mentioned in this story is

Quotes of the week

It is unbelievable. Goldman Sachs, no one has any criminal convictions. The whole new regulatory reform is a joke. The whole government is a Ponzi scheme." ~ Bernie Madoff

"A friend of mine on Capitol Hill, among others there, tells me there is no solution whatsoever [for the USGovt budget] until there is a MAJOR crisis." ~ Martin Armstrong

Martin Armstrong - How & When

Martin Armstrong's latest musing on the world and here

Amid crisis, Portuguese youth takes to streets

From AP:

LISBON, Portugal – Portugal's disgruntled Facebook generation, inspired by a pop song, marched in a dozen cities Saturday to vent its frustration at grim career prospects amid an acute economic crisis that shows no sign of abating.

Some 30,000 people, mostly in their 20s and 30s, crammed into Lisbon's main downtown avenue, called onto the streets by a social media campaign that harnessed a broad sense of disaffection. Local media reported thousands more attended simultaneous protests at 10 other cities nationwide.

A banner at the front of the Lisbon march said, "Our country is in dire straits." Another said, "We are the future." The Lisbon march was festive and raucous, featuring brass bands, drum combos and small children with balloons. Middle-aged parents also turned out.

Portugal, western Europe's poorest country, is producing the best-qualified generation in its history, thanks to big investments in education.

But after a decade of feeble economic growth and a huge debt burden that has forced the government to enact crippling austerity measures, Portugal's economy can't deliver the opportunities that trained young people are seeking.

The jobless rate stands at a record 11.2 percent, and half the unemployed are under 35. In the third quarter of last year, 68,500 college graduates were idle — a 6.5 percent increase on the same quarter the previous year, according to the National Statistics Institute.

Like Greece and Ireland, other debt-heavy European countries, analysts say Portugal is on the verge of needing an international bailout that would prevent its financial collapse but doom it to more years of on

Japanese Black Swan update - Another explosion at a nuclear power station

Bix Weir - After the Crash

Gerald Celente on The Jeff Rense Show

Gerald Celente on The Jeff Rense show 10 Mar 2011

BACKWARDATION and the fall of the bankers

Truth about Markets - London

Max and Stacey are back from the Middle East for their regular radio show.......listen here

Jim Rickards - Perpetual QE

Jim Rickards discusses perpetual QE with Eric King of King World News.........listen here