Congress to Saudis: Give Us Oil or No Guns
A group of Democratic senators wants to make a massive arms sale to Saudi Arabia contingent on getting cheaper oil, reports AFP. “We are saying to the Saudis that, if you don’t help us, why should we be helping you?”
L.A. prepares massive water-conservation plan
A similar system was approved and built in the 1990s, then abandoned after critics labeled it a “toilet-to-tap” scheme.
The Battle for America Has Begun- Strategic Forecasts
This article contains several forecasts, including the possible start of a major war with unforeseeable consequences, if the U.S. should happen to attack Iran . Of course it is in the nature of forecasts to be speculative. There are also forecasts that are intended to serve as warnings and thereby contribute to preventing the events under analysis from ever taking place.
Damages Will Take Many Years To Mend; by Bob Chapman
Poison from the top down, Fed is wrong to signal end of crisis, more negative surprises in the markets to come, Mortgage market upside down, major conflicts always a threat, It could be major conflicts are going to break out almost simultaneously to cover up the economic and financial collapse in the US, which will spread worldwide.
61% - Trading Away U.S. Jobs
By a margin of more than six-to-one (61% to 9%), the U.S. public now says free trade agreements result in job losses rather than in new jobs; a solid majority (56%) also says that free trade makes wages lower in the United States, and half (50%) say it slows the economy.
The Housing Bust and Lending: The Worst Is Yet to Come
The entire housing bubble was essentially a debt bubble, driven by lending standards which sank to near-zero (anyone with a pulse willing to lie was suddenly qualified to borrow hundreds of thousands of dollars),
Former Fed chief Volcker sees 70s-style inflation risks
Former U.S. Federal Reserve Chairman Paul Volcker warned on Wednesday the United States could face a 1970s-style period of skyrocketing inflation if investors lose confidence in the buying power of the U.S. dollar. “If there is a real loss of confidence in the dollar, then I think we are in trouble.”
CDO DEBT COULD POSE RENEWED DANGER FOR BANKS
Just when Wall Street firms thought the worst of the credit crisis was over, investors in funky mortgage-tainted debt may unleash a fresh bout of pain for embattled banks like Citigroup, UBS, Lehman Brothers and Bank of America.
[Video] Peter Schiff on Fox - make a lotta money in GOLD
Peter Schiff on Fox - make a lotta money in GOLD
Thai Rice Price Breaches $1,000 a Ton for First Time
The benchmark price for rice exported from Thailand, the world’s biggest supplier, breached $1,000 a metric ton for the first time today as importers rushed to secure supplies, heightening concern about a global food crisis.
Is The Deep Financial Crisis Overwhelming Gold Price Manipulation?
The gold price manipulators seem to be losing their clout. We could be in for some serious decline in the value of the US dollar, stocks, and bonds in the coming weeks, along with much higher gold prices.
Bush calls new attack on US his worst worry
A question submitted from the online audience asked Bush whether he felt he had been misled about Iraq as he made the decision to go to war.
“`Misled’ is a strong word,” he said. “Not only our intelligence community, but intelligence communities all across the world shared the same assessment. And so I was disappointed to see how flawed our intelligence was.”
US confession: Weapons were not made in Iran after all
In a sharp reversal of its longstanding accusations against Iran arming militants in Iraq, the US military has made an unprecedented albeit quiet confession: the weapons they had recently found in Iraq were not made in Iran at all.
New records for oil, gas $126.98 a barrel!
Oil prices shot to a new record near $127 a barrel Tuesday on concerns that Iran may consider cutting crude oil production. Gas prices, meanwhile, rose to a new record over $3.73 a gallon Tuesday, and their advance shows little sign of slowing with Memorial Day weekend, the traditional start of the summer driving season, just 10 days away.