Thursday, September 22, 2011

U.S. Military Predictive Software Says Greece Will Default

From MunKnee:

A predictive software program called Senturion, developed for the U.S. military and sporting a 85% accuracy rate, has concluded that Greece is going to default. 
 
So conveys Eric Lam in edited excerpts from an article* he wrote for the Financial Post which Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), has further edited ([  ]), abridged (…) and reformatted below  for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement. 

Lam goes on to say, in part:
It’s official: Greece is going to default, and there’s nothing anybody can do about it – that is if you believe the word of Senturion which analyzed the positions of leading EU officials, private financial institutions and Greek political factions in the week following a critical parliamentary vote at the end of June. That vote passed important austerity measures, but Senturion found that the Greek government “conclusively cannot deliver on all of the terms specified in the austerity package and most specifically privatization, setting the country on a course to possible sovereign default.”

The software, developed to help assess “life-and-death battlefield situations,” uses methodology based on Nobel Prize-winning bargaining theory and has completed more than 460 projects with 85% accuracy since its first contract with the U.S. Department of Defense in 2005…
*www.cbc.ca/fp/story/2011/07/18/5119291.html

Bernanke left Twisting

From The Sydney Morning Herald:

US stocks slumped, sending the Standard & Poor’s 500 Index to its biggest drop in a month, as the Federal Reserve announced plans to buy $US400 billion of long- term debt and cited risks to the economic outlook.

Fed policy makers will replace some bonds in their portfolio with longer-term Treasuries in an effort to further reduce borrowing costs and keep the economy from relapsing into a recession, confirming market speculation that the central bank was planning an ‘‘Operation Twist’’ similar to one of the central bank’s program in the 1960s.

‘‘There are significant downside risks to the economic outlook, including strains in global financial markets,’’ the Fed statement said.


From: AssociatedPress  | Sep 21, 2011

Wednesday, September 21, 2011

Martin Armstrong on the Gold market

Cycle guru Martin Armstrong's latest musings and predictions for gold prices.

  Click on the image to access the PDF.

Occupy Wall Street - America's own Arab Spring?

From: RTAmerica  | Sep 19, 2011


And just like in Tahrir Square the Regime's thugs are sent into break it up......

The Death of Privacy

From: RussiaToday  | Sep 17, 2011  

Personal data being gathered on the worldwide web means bigger profits for the private sector and is also being shared with the police, argues Steve Rambam, founder and CEO of Pallorium Inc., an international online investigative service. ­At a time when electronic gadgets and hi-tech innovations dominate our lives, violating privacy and mining people's personal data is easier than ever. The damage that this 24-hour surveillance could do to society and its freedoms is overwhelming.

Sharp drop for economy, IMF warns

From The Sydney Morning Herald:

The International Monetary Fund has slashed its economic forecasts for Australia, warning of a new global recession that would hit commodity prices and drive millions worldwide into unemployment.

Hours before the fund published its unexpectedly gloomy update in Washington, the Reserve Bank of Australia released a statement expressing concern about the global outlook and opening the way for interest rate cuts should things deteriorate.

The Australian dollar slid to a five-week low of US102¢ over renewed concerns about Europe after Italy lost its A+ credit rating. Australian shares fell 1 per cent.

The fund says Australia will grow at only 1.8 per cent this year, down from its previously forecast 3 per cent. The figure is way below the May budget forecast and only half the most recent Reserve Bank forecast, suggesting it will be harder than expected to reach the promised budget surplus in 2012-13. For 2012 the fund forecasts 3.3 per cent, down from 3.5 per cent.

But it points out that these are best-case forecasts, made on the assumption that almost everything goes right.

Read more: http://www.smh.com.au/business/sharp-drop-for-economy-imf-warns-20110920-1kjn6.html#ixzz1YXMMI4BS

Sarkozy sold getaway Merc to Gaddafi

I love this story....a Frenchman sells a German car to a Libyan which subsequently allows him to escape capture by the British. No wonder the Russians and Chinese didn't veto the UN no-fly zone resolution for Libya, they could see the comedic value in the Brits and French stepping into a civil war and trying to the recreate the WWII North African Campaign. All that is missing is Rick's Cafe.


Click on the pic below of Ingrid Bergman


Godfrey Bloom - 'Gold isn't rising, fiat currencies are falling'

From: RussiaToday  | Sep 20, 2011

Italians shocked by downgrade

From: Euronews  | Sep 20, 2011



From: RussiaToday  | Sep 20, 2011

Greece considers Euro referendum

By on Sep 20, 2011