Archive for the 'Economy' Category
Mexico: Widespread Theft of Oil by Drug Traffickers
December 15th, 2009Via: Washington Post: Drug traffickers employing high-tech drills, miles of rubber hose and a fleet of stolen tanker trucks have siphoned more than $1 billion worth of oil from Mexico’s pipelines over the past two years, in a vast and audacious conspiracy that is bleeding the national treasury, according to U.S. and Mexican law enforcement […]
U.S. Government Workers Owe Government $3 Billion in Unpaid Taxes
December 15th, 2009For your In-Case-You-Want-to-Piss-Yourself-Laughing file. Via: WTOP: At a time when the White House is projecting the largest deficit in the nation’s history, Uncle Sam is trying to recover billions of dollars in unpaid taxes from its own employees. Federal workers owe more than $3 billion in income taxes they failed to pay in 2008. According […]
U.S. Must Control Debt “Or Face Possible Panic in Financial Markets”
December 15th, 2009This is a very interesting bit of news to go along with Hyperinflation Special Report by John Williams of Shadow Government Statistics from yesterday. Similar timelines. Via: Reuters: The U.S. government must craft a plan next year to get its ballooning debt under control or face possible panic in financial markets, a bipartisan panel of […]
Drug Dealers Use Child Care as Front
December 14th, 2009This is nuts. Via: Journal Sentinel: More than a dozen Wisconsin child-care centers that reaped millions of dollars in state subsidies have had close ties to drug-dealing operations, including big-time crime bosses, a Journal Sentinel investigation has found. The newspaper identified 16 child-care centers with recent connections to drug operations, and the number is likely […]
Emergency Jobless Insurance Claims Surge By Most Ever
December 14th, 2009Via: Zero Hedge: The number you won’t hear mentioned anywhere in the Mainstream Media: 327,729. That is how many people shifted to Emergency Unemployment Compensation programs in the last week alone, hitting an all time record high of 4.2 million! So as everyone is focused on the benign picture of initial claims in the last […]
Hyperinflation Special Report by John Williams of Shadow Government Statistics
December 14th, 2009I can’t find this on the Shadowstats site. Anyway, here’s 36 pages of dollar doom for those who are interested. Via: Rick Ackerman (PDF, about 1MB): 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 […]
U.S. Regime Plans Nearly $2 Trillion Debt Limit Hike
December 14th, 2009Via: AP: Democrats plan to allow the government’s debt to swell by nearly $2 trillion as part of a bill next week to pay for wars in Afghanistan and Iraq. The amount pretty much equals the total of a year-end spending spree by lawmakers and is big enough to ensure that Congress doesn’t have to […]
Drug Money Saved Banks During Global Drisis, Claims UN Advisor
December 14th, 2009Via: Guardian: Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations’ drugs and crime tsar has told the Observer. Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organised crime were […]
U.S. Mint to Resume Sale of Gold Bullion Coins This Week
December 14th, 2009Via: Denver Post: The U.S. Mint plans to resume the sale of several gold bullion coins next week, the Mint said in a memorandum to authorized purchasers Friday.
SEC Orders Miami to Turn Over Its Financial Books
December 13th, 2009Via: Miami Herald: The federal government has set its sights on Miami, launching an inquiry over a series of bond deals and money transfers this decade. In a sweeping investigation that could impact Miami’s public projects for years, the U.S. Securities and Exchange Commission is probing the city’s major bond offerings between 2006 and 2009 […]
