Wednesday, August 3, 2011

US drug of choice

by on Jul 20, 2011

Richard Gage, Founder of Architects and Engineers for 9/11 Truth

From: PressTVGlobalNews | Jul 14, 2011

Press TV talks with Richard Gage, founder of Architects and Engineers for 9/11 truth who, backed by 1,500 architects and engineers, claims that NIST the official investigating committee has hidden much of the evidence and ignored first hand testimonials concerning building 7 in a deliberate action to support the official story by the US government.

The implosion and fall of building 7 on September 11, 2001, the third building, not hit by an airplane and the presence of molten metal and thermite particles only made in military labs backs NIST into corner.

Press TV - US dollar as reserve currency vulnerable

From: PressTVGlobalNews | Aug 2, 2011

Russian Prime Minister Vladimir Putin's calls for a reserve currency other than the dollar come at a time when the US dollar is at its most vulnerable.

Press TV talks with Larry Birns, Director, Council on Hemispheric Affairs in Washington, who takes Putin's statement into account with the fragility of the US House's agreement to raise the debt ceiling.

Vladimir Putin - US ‘a parasite’ on world economy

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Bill Gross - America is a "debt man walking"

Global sharemarkets sell off

From The Sydney Morning Herald:

The Australian sharemarket today lost another $25 billion within minutes of opening as investors took flight from gathering gloom at home and abroad.

The Australian dollar also extended its steep slide sparked by yesterday's decision by the Reserve Bank to ignore gathering inflationary pressures and leave interest rates on hold. The dollar dipped to as low as $US1.072 in recent trading, almost 3 US cents down since the RBA call.

Australian shares were already poised to add to their sharp declines yesterday - which lopped about $19 billion off the market's value - after sharp falls on international markets overnight.

The global plunge came after US politicians agreed to a deal to raise the nation's debt ceiling. Despite removing the possibility of the US defaulting on its debt obligations in the short term, the agreement wasn't enough to soothe fears among investors after an unexpected drop in consumer spending increased concern that growth in the world's largest economy was faltering.

Both key Australian share indicies, the ASX200 and the All Ordinaries, were down almost 2 per cent in early trading today as investors responded to the drop in sentiment, bringing to levels not seen since August last on

Gerald Celente - Greatest Depression up ahead

By on Aug 2, 2011

RT spoke to Gerald Celente from the Trends Research Institute and publisher of the Trends Journal. He believes, despite the last-minute debt deal, the U.S. is heading towards the next Great Depression.

Marc Faber - 'China Bubble Poses Global Risk'

Max Keiser: AAA to junk - just what Wall St. wants!

By on Aug 2, 2011

While the compromise agreed in Washington comes just in time to prevent an immediate catastrophe, financial analyst Max Keiser believes it won't be enough to persuade ratings agencies to let America keep its precious 'triple A' credit score.

Gold hits new all time high of US$1660

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Dow Drops Below 12K, S&P Loses Year's Gains

From: AssociatedPress | Aug 2, 2011

The broader stock market is now in its longest losing streak in two years. The Dow Jones industrial average is below 12,000 and the Standard & Poor's 500 index lost nearly all of its gains for the year.

Obama: Debt Deal Is Only a First Step

From: AssociatedPress | Aug 2, 2011

President Barack Obama says the emergency bill Congress passed to prevent a government default is just the first step to ensuring the country lives within its means.

Keiser Report: Peak Everything

By on Aug 2, 2011

This week Max Keiser and co-host, Stacy Herbert, report on haircuts on T-bills and rebounds in silver. In the second half of the show, Max talks to James Howard Kunstler about dumping Treasuries and fracking gas.