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If this man is correct, then you may be reading the most important story in today's paper. I have no way of assuring you that the bleak version of the future outlined by Michael Ruppert in Chris Smith's "Collapse" is accurate. I can only tell you I have a pretty good built-in B.S. detector, and its needle never bounced off zero while I watched this film. There is controversy over Ruppert, and he has many critics. But one simple fact at the center of his argument is obviously true, and it terrifies me.

Rosenberg: Market Volatility Will Double And Stocks Will Collapse Vincent FernandoDec. 11, 2009, 5:06 AM | Having been on the wrong side of the market in 2009, Gluskin Sheff's David Rosenberg is doubling down his bearish bet. It's the smartest course of action for him at this point -- so expect market volatility to double in 2010: Bloomberg: “We’ll be in a year of heightened volatility,” Rosenberg, chief economist at Gluskin Sheff & Associates Inc. in Toronto, said in an interview. “We’ll see periods in 2010 where the VIX will be north of 30 in a period of risk aversion...

Investment Profit Vehicles For The Intensifying Financial And Economic Storm Stock-Markets / Investing 2010 Dec 04, 2009 - 01:11 PM By: DeepCaster LLC “A Great Collapse. The U.S. economic and systemic solvency crises of the last two years are just precursors to a Great Collapse: a hyperinflationary great depression. Such will reflect a complete collapse in the purchasing power of the U.S. dollar, a collapse in the normal stream of U.S. commercial and economic activity, a collapse in the U.S. financial system as we know it, and a likely realignment of the U.S. political environment. The current U.S. financial markets,...

Recession, Depression, Deflation, Inflation, Collapse Or Recovery? Mac Slavo December 03, 2009 The International Forecaster, Bob Chapman, discusses The Fed’s options for 2010 and what effect their decisions will have on the economy in Potential for Fed To Hyperinflate: The following information may be the most important we have ever published. One of our Intel sources, highly placed in banking circles, tells us that on 1/1/10 all banks that have received TARP funds have been informed by the Federal Reserve that they must further restrict any commercial lending. Loans have to be 75% collateralized, 50% of which has to be...

BASRA, Iraq, Dec. 1, 2009 – Some soldiers at a base in Basra, Iraq, awoke Nov. 28 to find that concrete barriers had tipped over during the night and had come to rest upon containerized housing units. “No one was injured,” said Lt. Col. Steve Hanson, the mayor of Contingency Operating Base Basra. The incident is under investigation. Between 2 a.m. and 6 a.m., the concrete barriers, also known as T-walls, fell onto four different housing units in the 34th Infantry Division’s living area. T-walls are 17-feet-tall, prefabricated, reinforced concrete barriers that provide protection from indirect fire. Recent rainy weather...

Yesterday, I posted a video of Peter Schiff lambasting Ben Bernanke for never getting anything right. In and of itself, this is nothing new. What made it fun, however, was the fact that he was part of a panel discussion with St. Louis Fed President James Bullard and Fed Vice Chair Alan Blinder, who both attempted, quite weakly, to defend Bernanke. Today, a new clip from the same roundtable, as Schiff gets technical and dismantles Bullard's weak sauce theory that other countries will for some unknown reason return to the dollar during times of crisis. Schiff also goes on to...

Fresh fears about the size of Dubai’s debt have sent shock waves through international markets, with major stocks and oil prices falling sharply. Dubai World, the country’s largest conglomerate, wants to suspend payment on its sixty billion dollar debt until next May at the earliest.

Dubai's government will not guarantee the debts of state-owned Dubai World, a senior finance official said on Monday. "Creditors need to take part of the responsibility for their decision to lend to the companies. They think Dubai World is part of the government, which is not correct," Abdulrahman al-Saleh, director general of Dubai's department of finance, said on Dubai TV, according to Reuters. The comments raised worries about how creditors and companies with exposure to Dubai World will fare in a restructuring without a government guarantee of the debts. Dubai World, the conglomerate behind the emirate's astonishing rise, triggered a...

Abu Dhabi, wealthy capital of the United Arab Emirates, will "pick and choose" how to assist debt-laden neighbor Dubai, a senior official said on Saturday, after fears of a Dubai default sent global markets reeling. "We will look at Dubai's commitments and approach them on a case-by-case basis. It does not mean that Abu Dhabi will underwrite all of their debts," the official in the government of the emirate of Abu Dhabi told Reuters by phone. Dubai's crisis exploded on Wednesday when the emirate, known for flashy lifestyles and the world's tallest building, said it would delay payment on debt...

The history of the dollar is one marked by a dominance unrivaled in history. Following the Bretton Woods Agreement of 1944, which established the dollar as the global reserve currency, Americans have enjoyed an era of unprecedented wealth and prominence. The impressive growth in America could not have occurred without a stable dollar. Stable currencies are the unheralded but undeniable foundation of any vibrant economy. Stable currencies allow for longer term transactions and help instill confidence in the public, which is critical, since the value of any fiat currency is ultimately a function of public confidence. That being said, there...

Gold closed at 1192.90 up $23Baltic Dry index turned downDollar down against the Euro and the Swiss Franc. Is this the beginning of the actual Collapse or can the FED and Goldman push enough money around to cap this for another day?

In the bank's latest edition of its Monday Mining Minutes, Citi lays out a scenario which it calls the "Nightmare on Commodity Street." (via FT Energy Source) So here’s the nightmare scenario, which we hope will not happen: Thousands of very smart speculators have accumulated the biggest ever speculative physical raw material positions ever witnessed in the belief that either the dollar will collapse or an ongoing global ‘Supercycle’ will shake off the effects of the credit crunch and resume business as usual. They are funded in this venture by some of the lowest interest rates on record. What are...

While U.S. newspapers are losing subscribers at a staggering rate, a few dailies stand out because their circulation is rising. But they aren't necessarily selling more copies. Here's why: Since April 1, new auditing rules have made it easier for newspapers to count a reader as a paying customer. These looser standards are especially helpful to a newspaper if it sells an "electronic edition." That can include a subscriber-only Web site, such as what The Wall Street Journal has, or it can be a digital replica of a newspaper's printed product. Several dozen publications, including USA Today, sell access to...

The Pending Financial, Economic, Political And Social Collapse Of The United States Politics / US Politics Nov 21, 2009 - 03:20 AM By: Submissions Timothy V. Gatto writes: The truth that most people realize but can’t openly talk about is that America has seen better days and that the system of capitalism has long outlived its usefulness. The last part of that sentence, that capitalism has outlived its usefulness, is thoroughly the fault of the capitalists themselves. For many years now, transnational corporations have sent much of America’s manufacturing overseas in order to take advantage of low cost workers. About...

How To Survive The Coming Global Economic Collapse Henry BlodgetNov. 20, 2009, 10:10 AM The following excerpt is from the blog "Surviving In Argentina," by Fernando Ferfal Aguirre. Ferfal lived through Argentina's economic implosion in 2001. Here, he shares some of his secrets to survival. So, guys, things don’t look good. It pains me to see America going through this and the consequences it will bring. These are critical days. Now is when we’ll get a better picture of how bad things will actually get, how long until we see the economy back on its feet. Instead of trying to...

NEW YORK/LONDON (Reuters) – Gold rose to a record high above $1,150 an ounce on Wednesday as stronger-than-expected U.S. consumer prices and a steadily weakening dollar stirred inflation fears. Spot gold hit an all-time high of $1,152.75 an ounce and was at $1,142.55 an ounce at 3:08 p.m. EST (2008 GMT), against $1,141.50 late in New York on Tuesday. U.S. December gold futures settled up $1.80 at $1,141.20 an ounce on the COMEX division of NYMEX.

Société Générale Tells Clients How To Prepare For 'Global Collapse'Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction. By Ambrose Evans-Pritchard Published: 6:12PM GMT 18 Nov 2009 In a report entitled "Worst-case debt scenario", the bank's asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems. Overall debt is still far too high in almost all rich economies as a share of GDP (350pc in...

Architects of Ruin: How Big Government Liberals Wrecked the Global Economy — and How They Will Do It Again if No One Stops Them By Peter Schweizer Harper, $24.99, 217 pp. With Architects of Ruin, Peter Schweizer again delivers a knockout punch of a book that is the must read of the season for conservatives and should be a main topic of conversation for conservative media. Schweizer blows the lid off the 30-year leftist war on banking standards in the name of “equality” that created the housing bubble and caused the foreclosure crisis. (Somebody get this book to Glenn Beck...

America has a bad case of the doomsday jitters. You don't have to be a Glenn Beck follower to know that whenever things go wrong in this country, you can always find all the anger, bitterness and fear-mongering bubbling up and over into our popular culture. As Shakespeare's witches exulted in "Macbeth," when things go wrong, it's time to stir the pot: "double, double toil and trouble, fire burn and cauldron bubble." With Wall Street fat cats still cashing in while the rest of the country still suffers from double-digit unemployment, with partisan bickering at an all-time high and a...

Two more workers died overnight after a bridge under construction in the Pyrenees principality of Andorra collapsed, bringing the death toll to five, the government said Sunday. Six other workers were recovering in hospital after the concrete structure of the road bridge gave way around midday Saturday near the Dos Valires tunnel in the Massana valley in northwest Andorra. Emergency teams worked throughout the night to rescue a man who was trapped up to the waist in rubble, but he died shortly after being pulled from the debris in the early hours on Sunday, according to a government spokesman. The...

The current economic crisis is considered a recession, on the verge of depression. The reality is that we are not entering another great depression and the more proper term is "The Great Collapse". What has happened in the past, usually will happen in the future. I approach this problem not with the fuzzy mathematics of the economist but with the certainty and empirical evidence of the historian. Recessions and Depressions are trying times for the citizens of a nation. Collapses are a completely different situation. An economic collapse is followed by exponential increases in misery. The more comfortable the population...

The Japanese Bond Market May Really Be Ready To Collapse The Mad Hedge Fund TraderNov. 4, 2009, 5:11 AM Having spent a decade living in Japan sharing shoe box sized apartments, living on fish heads, rice, and instant ramen, I am something of an authority on that enchanting country. I spent the seventies toiling away learning Japanese, shuffling hundreds of flash cards whenever I rode the train or subways. My friends said I was crazy when I learned obscure, seemingly useless terms like hitokabu rieki (earnings per share) and genka shokyaku (depreciation). I even made the ultimate sacrifice to improve...

10 Ways A China Blow-Up Will Slam America Vincent FernandoNov. 3, 2009, 8:50 AM Beware a surprise economic crash in China. The country is expanding like crazy, and while this may look great in the short term, there are many signs that the country's economic path is unsustainable. The government itself realizes the problem, but must balance the country's bubble concerns with the zealous economic expectations of its population, and most importantly, the massive need for job creation. It's also a huge country and the government has far less control over the economy than it would like to admit. Should...

Seoul, Washington round out plans to handle N. Korean regime collapse: source SEOUL, Nov. 1 (Yonhap) -- South Korea and the U.S. have completed joint action plans to respond to a regime collapse and other internal emergency situations in North Korea, a ranking government source said Sunday. The so-called "Operational Plan (OPLAN) 5029," drawn after years of bilateral consultation, dictates respective military responses by Seoul and Washington to several types of emergency situation in the communist North -- a civil war, an outflow of weapons of mass destruction (WMD), the kidnapping of South Korean citizens, a mass influx of refugees...

And So It Begins (Dollar Warnings)Friday, October 23. 2009 Posted by Karl Denninger in Monetary at 08:47 I have been on a potential dollar dislocation - or collapse - for more than two years. Indeed, back in the fall of 2007, it was one of the themes of petitions to Congress and letters I sent under personal cover to all 535 members. The debt liquidation cycle of 2008/early-09 appeared to stop the deterioration. Unfortunately that cycle was interrupted - intentionally - by enabling a continuing pattern of lies and fraud within our government. This has reversed all of the gains...

3 signs of the next real estate collapse The latest bubble is about to burst, but this time it's in the commercial market. Here's how to see it coming. By Katie Benner, writer-reporter October 22, 2009: 10:16 AM ET NEW YORK (Fortune) -- When the FDIC closed Chicago's Corus Bank last month, it may have signaled the beginning of the next shock to the banking system: commercial real estate defaults. Corus, whose balance sheet was larded with bad construction loans, is just one of many banks that have a slew of this debt on their books. Refinancing the $2 trillion...

ARROYO GRANDE, Calif. (MarketWatch) -- Jack Bogle published "The Battle for the Soul of Capitalism" four years ago. The battle's over. The sequel should be titled: "Capitalism Died a Lost Soul." Worse, we've lost "America's Soul." And worldwide the consequences will be catastrophic. That's why a man like Hong Kong's contrarian economist Marc Faber warns in his Doom, Boom & Gloom Report: "The future will be a total disaster, with a collapse of our capitalistic system as we know it today." No, not just another meltdown, another bear market recession like the one recently triggered by Wall Street's "too-greedy-to-fail" banks....

And here you were thinking that the market's collapse had taken only six years or so off the value of your nest egg. After all, the S&P is back to 1,100, about the same level as late 2003. Silly you! As we've noted often in recent days, since your government is quietly destroying the value of the dollar (ostensibly to save your ass), the actual dollar-adjusted value of the S&P 500 is back to 1996 levels. Even after the recent 60% recovery! Here, from the FT, is the S&P 500 plotted after adjusting for the dollar's move relative to a...

Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades. Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion, according to data compiled by Bloomberg. Nations reporting currency breakdowns put 63 percent of the new cash into euros and yen in April, May and June, the latest Barclays Capital data show. That’s the highest percentage in any quarter with more than an $80 billion increase. World leaders are acting...

Gold-The Canary in the Coal Mine Published: Thursday, 8 Oct 2009 | 12:02 PM ET By: Charles Goyette, Author, The Dollar Meltdown The new gold rush is on so you better be prepared to see a lot more of those "cash for gold" neighborhood parties. Gold rose to an all-time high of $1,050 on Thursday. Simon Rose, CEO of Dahlman Rose believes it has the potential to go much higher - perhaps as high as $2000. It all sounds so exciting doesn't it - Gold at a thousand dollars! But words of caution from our guest blogger today. Guest Author...

AS of 7:09 AM ET CNBC and Marketwatch do not have anything on their front page about the Asian intervention in foreign currency markets to prop up the collapsing dollar. FT has a general story on the weak dollar four stories down. WSJ covers it, but only half way down, in the "Before the Bell" segment. Let me make clear what MSM is obviously not getting. Panic out of the dollar is the great tsunami that could rock the financial system to its core. If this escalates. It means soaring--double digit-- U.S. inflation, a near impossible ability for the U.S....

On the Edge With Max Keiser, Risk of Deflationary Economic Collapse Economics / Deflation Oct 04, 2009 - 02:35 PM By: Mike_Shedlock Janet Tavakoli is On The Edge With Max Keiser. Tavakoli says the Risk of deflationary collapse greater now than in 2007. We’ve just interviewed Janet Tavakoli for our first episode of The Keiser Report. If you don’t know her, you should. She wrote a fantastic book, Dear Mr. Buffett. Max and I are on our second read of it. You really must get this book if you want to understand derivatives from one of the foremost experts on...

Gold Tells You U.S. Bubble Hasn’t Popped Yet: Alice Schroeder

Judge napolitano talks to Gerald Celente who says the revolution has already started.

Washington (AP) -- Just moments after delivering a fiery address to the government watchdog group Public Citizen in Washington yesterday, documentary filmmaker Michael Moore, director of three of the five highest-grossing documentaries of all time, clutched at his abdomen, groaned loudly, and steadied himself on a nearby railing. All of what followed is still unclear, although witnesses say...

Less than a year into his presidency, Barack Obama's world grows bleaker. Liberalism's world is bleaker. At home and abroad, liberalism, as advanced by the President, is failing. Are we witnessing the beginnings of another historic event, loosely comparable to the fall of communism twenty years ago? Now the fall of liberalism?

Marc Faber Predicts The Collapse Of Capitalism By Kate Incontrera 09/25/09 As contrarians, we’re used to holding unpopular views on the economy. We believe the recovery is a sham; that things will get worse before they get better; and that the effects of the current recession will reach farther than most people think. Well, our good friend Dr. Marc Faber couldn’t agree more. And in a recent interview for Yahoo’s Tech Ticker, he explains why.[snip]

H.R. 3200 would enact a series of synergistic causal sequences. This would start with an instantaneous increase in demand as new consumers enter the system or existing consumers demand more medical goods and services. Clinics, practices, and hospitals currently rely on higher private insurance payouts to make up for the low reimbursement rates from Medicare. Under the new system, they would not receive it, either from the government plan or the private insurers. The government will not pay it. Insurance companies, required to cover pre-existing conditions, maintain coverage unconditionally, and cap premiums, will have no choice but to cut payments...

His policies even have the potential to consign the US to a similar fate as Argentina, which suffered a painful and humiliating slide from first to Third World status last century, the paper says. There are "troubling similarities" between the US President's actions since taking office and those which in the 1930s sent the US and much of the world spiralling into the worst economic collapse in recorded history, says the new pamphlet, published by the Institute of Economic Affairs.

Could the big pullback in global equities on Aug. 17 mark a turning point for the stock market? After a 50% advance in the S&P 500 since March, some argue stock investors had gotten too enthusiastic.

I have noticed that many leftist/socialist/communist regimes end in bloodshed. Well save a few, like Poland. Any reasons why that happens and why the end in bloodshed? Nazis Germany-World War II Soviet Union-Christmas Day Coup Fascist Italy-World War II. Benito Mussolini was executed and hanged in public. Salvador Allende-September 11, 1973 Coup Communist Romania-Nicolae CeauÅŸescu got executed Baathist Iraq-America invaded Iraq in 2003

... The crux of the matter is that the United States is no longer in control of its fate. Meetings with creditor nation leaders result in new orders given, and new policy directives enacted. Comparisons are made to China, but they too are a distraction. China can embark on its ... The USGovt creditors are in control. The August Hat Trick Letter reports have identified five major factors pointing to a severely stressful period of time at the end of August and into September.... The risk of accidents is rising exponentially from incredible backroom movement of massive funds to avert...

Ron Paul and Peter Schiff pegged it. David Walker, former Comptroller General, pegged it. China, Russia, Saudi Arabia, international oligarchs (like Soros and satanists higher up hiding in the shadows) and others who are ready to devour the U.S. pegged it (which is why they paid for Obama to be elected). Stooges with narcissistic personality disorders like Barack Obama, Nancy Pelosi, George Bush, Federal Reservists, Fannie Mae bonus-boys, Insane Islamists, Narco-elites and a whole barrelful of shills, idiots, and moral zeros either don't get it or use it for their own power. We have not been alert to live...

Hotel Swept into River after Typhoon Source:Xinhua Updated: 2009-8-10 11:08:53 A six-storey hotel building leans before falling into a flooded river after Typhoon Morakot hit Taitung county, eastern Taiwan, August 9, 2009. People watch as a six-storey hotel building leans before falling into a flooded river. A collapsed hotel building is seen in flood waters.

<p>When everyone is thinking the same thing, it never happens, and what everyone is thinking right now is that when August is over, and we get down to business, this market's going to be in for some hurt.</p> <p>Folks have been saying it all summer, as bulls make mincemeat of bears without mercy. And now traders are starting to place their bets on the wheels coming off soon.</p>

On December 9, 2008, $65 billion of investor money was at peace. On the fear-greed seesaw that is said to characterize investor emotion, fear was down on the ground, while greed was high in the sky, having all the fun. Greed was earning a steady 1% per month, making fear look like an over-cautious fool. On December 10, 2008, six simple syllables transformed that greed into lead, sending it crashing to earth while launching fear to the moon. The syllables were these: "It's all just one big lie," and they were spoken by Bernard Madoff. It was an admission that...

Will China Implode? by Isabel Hilton Obama and Chinese officials met this week for high-level policy talks, and avoided exchanges on human rights. But China expert Isabel Hilton says minority revolts in China recently show it is an empire in crisis. There is a story that the Chinese government likes to tell: that China is the world’s oldest continuous, unchanging civilization (the dates vary, according to the exuberance of the moment, from 2,000 to a mythical 5,000 years). This unique history, the story continues, will determine China’s future. In this narrative of Chinese exceptionalism, the leadership remains immune to demands...

Kurland left Countrywide in 2006. The lender went under last year and Bank of America took over. PennyMac now services assets similar to those that played a hand in fate of Countrywide and also purchases mortgages from other financial firms.

WASHINGTON (AP) - The head of a group of fiscally conservative Democrats says negotiations with House leaders on health care have collapsed.

It turns out that last fall when our financial system was near a collapse, the Bush administration and Congress had discussions about a potential breakdown of law and order in our country. They also talked about how the nation’s people would be fed and how long the food supply would last. Scary stuff in this article. We’re not crazy after all!!! A major economic collapse is one of the things we SurvivalMoms are preparing for. I hope this article confirms what you already know deep down inside: if your family is to survive and thrive, it will be because of...