“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
virtually unlimited leverage via the shadow banking system, in which there are practically no hard assets backing the infinite layers of debt created above, and which when finally unwound, will create a cataclysmic collapse of all financial institutions, where every bank is daisy-chained to each other courtesy of multiple layers of “hypothecation, and re-hypothecation.”
A legal loophole in international brokerage regulations means that few, if any, clients of MF Global are likely to get their money back. Although details of the drama are still unfolding, it appears that MF Global and some of its Wall Street counterparts have been actively and aggressively circumventing U.S. securities rules at the expense…
On July 30, 2011, Doug Casey spoke on the topic of “Is This the End of Western Civilization?” at the Capitalism & Morality Seminar in Vancouver Canada http://www.caseyresearch.com/
The Peter Schiff Show – 12/7/2011
Paul lays out the case for Jewish freedom.
NBC has reached an agreement to broadcast news content provided by a media organisation run by a team that has ploughed millions of dollars into campaigning for Barack Obama and donated large cash amounts to organisations such as the George Soros affiliated MoveOn.org and the now defunct ACORN.
Document originating from Halliburton subsidiary KBR that provides details on a push to outfit FEMA and U.S. Army camps around the United States.
A rapidly expanding US Pentagon program is equipping police forces, many in small towns, with second-hand battlefield-grade weaponry.
Thousands of Florida officers remain on the job despite arrests or evidence implicating them in crimes that could have landed them in prison, a Herald-Tribune investigation has found.