Friday, December 9, 2011

Pepe Escobar: The reset between US and Russia is over

By on Dec 8, 2011

Hillary Clinton has publicly criticized the elections in Russia saying the US has serious concerns about the conduct of the election. But Russian Prime Minister Vladimir Putin has fired back by saying the US should not pour cash into their country to try to influence other nation's elections. How is the US trying to change the political landscape in Russia? Pepe Escboar, correspondent for Asia Times, joins us to investigate.

EU leaders locked in late night crisis talks

From: AlJazeeraEnglish  | Dec 8, 2011 
European Union (EU) leaders are locked in late night crisis talks over treaty change at a crunch summit on the eurozone debt crisis with the aim of saving the single currency.

US-Pak Tense Ties

By on Dec 5, 2011

Downed US spy drone: RQ-170 Sentinel stealth aircraft

By on Dec 8, 2011
Iran has released video footage of the most advanced US reconnaissance drone which was downed by the Iranian Army in the eastern part of the Islamic Republic earlier this week.

Keiser Report: Economics is the New Rock'n'Roll

By on Dec 8, 2011

This week Max Keiser and co-host, Stacy Herbert, discuss Hank 'Baldface' Paulson, liquidity shortfalls and Joe Pot of Marmite. In the second half of the show, Max talks to Rick Ackerman about Goldman's death dive and MF Global's crimes against markets.

Capital Account: Stephen Leeb on Rising Commodity Prices and Outlook for Global Economy

From: CapitalAccount  | Dec 6, 2011

CrossTalk on Merkozy: Averting Euro Doomsday?

By on Dec 7, 2011

End of euro road in 48 hours if no summit solution

By on Dec 8, 2011


Clarke & Dawe - The Events of 2011

Gold and Silver slammed against the wall

With the ECB lowering interest rates 0.25% (which is a 20% reduction in interest costs) Gold, Silver and the Aussie$ have sold off in one hell of a "risk off" day.

ECB cuts rate to 1.0%

(Reuters) - The European Central Bank acted to soften a looming recession and avert a credit crunch in the debt-plagued euro zone by cutting interest rates on Thursday as European Union leaders prepared for a crucial summit.

The ECB cut its main rate by a quarter-point to a record low 1.0 percent as anxiety over the worsening sovereign debt crisis drowned out concern about above-target inflation.

ECB President Mario Draghi was expected to announce further action to support teetering banks with longer term credit at a news conference at 1330 GMT. He has signaled the central bank may act more decisively if an EU summit on Friday agrees to move towards fiscal union in the euro area.

European Commission Jose Manuel Barroso appealed to European leaders holding their eighth crisis summit of the year to put aside sharp differences to support their common currency.

Flying Pigs

Jim Rogers: US Falling Into Deeper Trouble


The United States economy never really emerged from the recession that began in 2008 and is possibly headed for a more chronic depression, and the prognosis for recovery doesn't look good, especially in 2013, says international investor Jim Rogers.

President Barack Obama has tried to spend the economy back into recovery, which never helps, Rogers told Newsmax.TV in an exclusive interview.

When an economy falls into a recession, which normally happens once every four to six years, it needs to run its course, which is painful but healthy in the long run.

Spending money via stimulus packages or through ultra-loose monetary policies resuscitates the economy but not for long and makes the day of reckoning even more painful when it arrives.