Maybe this will wake/shake people up a little bit.
Crash Alert: 5 Steps to Take Immediately ... (by Martin Weiss) 7/30/2007 8:00:00 AM http://www.moneyandmarkets.com/press.asp?rls_id=87...
Mass Foreclosures Threaten the U.S. http://efinancedirectory.com/articles/Mass_Foreclo...
Oil Settles Above $78, Setting Record 7/31/07 http://biz.yahoo.com/ap/070731/oil_prices.html?.v=...
Is Cheney Betting On Economic Collapse? http://www.counterpunch.org/whitney07052006.html
The Bush-Cheney team has racked up another $3 trillion in debt in just 6 years. The US national debt now stands at $8.4 trillion dollars while the trade deficit has ballooned to $800 billion nearly 7% of GDP.
Metals - Gold tops 685 usd as dollar plunges to new all time low against euro http://www.forbes.com/markets/feeds/afx/2007/07/24...
Gold climbed above 685 usd as the dollar plunged to a new all time low against the euro, further increasing the appeal of the metal as an alternative asset to the ailing US currency.
CALIFORNIA FORCLOSURES INCREASE 799% OVER SAME PERIOD LAST YEAR http://www.latimes.com/business/la-fi-foreclose25j...
A sagging real estate market and tighter lending standards are exacting a rapidly growing toll on Californians, forcing them from their homes in record numbers, figures released today show.
Foreclosures in the state during the second quarter totaled 17,408, up 799% from the same period last year. The current rate handily eclipsed the previous foreclosure peak set in 1996, when the state was in the final throes of six-year slump.
Bear Stearns Wheel Comes Off the Cart: “Subprime Chernobyl,†“Systemic Risk Fall-Out,†“We Don’t Know What the Value of This Debt Is†http://cryptogon.com/?p=925
The United States faces a severe credit crunch as mounting losses on risky forms of debt catch up with the banks and force them to curb lending and call in existing loans, according to a report by Lombard Street Research.
The group said the fast-moving crisis at two Bear Stearns hedge funds had exposed the underlying rot in the US sub-prime mortgage market, and the vast nexus of collateralised debt obligations known as CDOs.
“Excess liquidity in the global system will be slashed,†it said. “Banks’ capital is about to be decimated, which will require calling in a swathe of loans. This is going to aggravate the US hard landing.â€
Welcome to Richistan, USA http://observer.guardian.co.uk/world/story/0,,2131...
In 1985 there were just 13 US billionaires. Now there are more than 1,000. In 2005 the US saw 227,000 new millionaires being created. One survey showed that the wealth of all US millionaires was $30 trillion, more than the GDPs of China, Japan, Brazil, Russia and the EU combined.
Spending more than we make http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/...
First off, the Center for American Progress, a liberal-minded think tank, has crunched data from the Federal Reserve and found that Americans for the first time owe more money than they make.
Council on Foreign Relations on U.S. Dollar: “An Absurdity… Supported Only by Faith†http://cryptogon.com/?p=706
Stocks Fall With Lender's Earnings Countrywide's Dip Ignites Concerns About Economy http://www.washingtonpost.com/wp-dyn/content/artic...