Archive for the 'Collapse' Category
Treasury Gain May Falter; Foreign Holders Flee Dollar
September 11th, 2007WARNING: This is not a recommendation to buy sell or hold any financial instrument. There is going to be great pain here as older, wealthier people wake up to the fact that their “fixed income” class investments are wild ass, risk of ruin gambles. We’ve been through it over and over again: Shelter, water, food, […]
“Days of Cheap Food Are Over”
September 8th, 2007Via: Guardian: Supermarket pledges to drive down the price of staple goods and help cash-strapped shoppers looked increasingly vulnerable last night after Britain’s biggest food manufacturer insisted even the largest superstore groups would have to stomach higher prices from suppliers that are struggling with steep rises in ingredient costs. Research Credit: Becky
WHEAT REACHES RECORD, HEADS FOR BIGGEST MONTHLY GAIN SINCE 1973
September 1st, 2007Via: Bloomberg: Wheat futures in Chicago climbed to a record, heading for the biggest monthly gain in 34 years, as demand from importers including South Korea and India reduced global inventories. Prices for the grain have doubled in the past year as adverse weather in Ukraine, Canada, Europe and Australia damaged crops. Global stockpiles will […]
Dirt: The Silent Global Crisis
September 1st, 2007The most disturbing thing that I notice about New Zealand is soil erosion. Many farms in the Far North are shockingly overstocked and erosion is, quite simply, washing the deforested land out to sea. This isn’t some far out theory. I see it happening. It doesn’t take much rain to turn the Oruru river brown […]
Help the Iraq: Why 20% of Americans Can’t Locate the U.S. on a World Map
August 26th, 2007You have no chance to survive, make your time: helptheiraq.ytmnd.com
WELLS FARGO CRIPPLED BY SYSTEM FAILURES
August 20th, 2007Via: CNN: Service problems disabled ATMs and online accounts at Wells Fargo & Co. (WFC) for at least 24 hours starting Sunday afternoon, leaving some customers of the nation’s fifth-largest bank unable to get cash or use debit cards to pay for goods. San Francisco-based Wells Fargo wouldn’t say how many customers or machines were […]
Clock is Ticking on Las Vegas’ Water Supply
August 17th, 2007Via: Las Vegas Now: The news coming from the Southern Nevada Water Authority Thursday about the valley’s future water supply is worrisome. Unless we act quickly, there will be no water for hundreds of thousands of Las Vegas Valley residents in just three years. Eyewitness News looked deeper into the problem and why time may […]
Comptroller General of the United States: Learn from the Fall of Rome
August 14th, 2007Conspiracy theorist? Crackpot? Uh, U.S. Comptroller General. Via: Financial Times: The US government is on a “burning platform†of unsustainable policies and practices with fiscal deficits, chronic healthcare underfunding, immigration and overseas military commitments threatening a crisis if action is not taken soon, the country’s top government inspector has warned. David Walker, comptroller general of […]
Massive Intervention by European Central Bank Today
August 10th, 2007The big guns came out today. Printing credit at will. Via: Financial Times: The European Central Bank scrambled to head off a potential financial crisis on Thursday by making an emergency injection of €94.8bn ($131bn) worth of funds into the region’s money markets, after signs that liquidity was drying up. The level of funds markedly […]
FRANCE: BNP PARIBAS SUSPENDS THREE FUNDS AMID LIQUIDITY CRISIS
August 9th, 2007It’s getting really weird out there now. Via: CNN: PARIS -(Dow Jones)- French bank BNP Paribas (13110.FR)sparked renewed credit market concerns Thursday after its asset management unit said it temporarily suspended three of its asset-backed securities funds because of a lack of liquidity in the market. BNP Paribas Investment Partners suspended the calculation of net […]
