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Read this article: Spain’s Community Debt Tops €42 Billion as Unpaid Bills Mount; Madrid Worst Offender
Velocity is at a six decade low No signs suggest credit creation is turning more productive Debt Constrains Growth Commodities are down 20% in the last two years By Lacy’s definition, the Fed is "not printing". By mine, the Fed is. Bernanke says one thing on one occasion and humorously denies it the next.
One reader sent a link to a Philly.Com article by Joseph N. DiStefano titled Philly effort to keep well-known troubles quiet wins new attention .
Read More: Philadelphia, 5th Largest City in US is Effectively Bankrupt; Mayor Holds Closed Meeting With Wall Street to Discuss…
Please consider Double Standards: Europeans Are Right to Be Angry with Merkel Chancellor Angela Merkel has tenaciously insisted that austerity is the only way out of the crisis for ailing EU countries. She doesn’t practice what she preaches in Germany, though, which makes growing anger toward her understandable. The question is not about whether Krugman is right when he almost obsessively labels Merkel "dim-witted" and writes that "senior German officials are living in Wolkenkuckucksheim — cloud-cuckoo land." No, it is not the know-it-alls from abroad who spark doubts
Jet Fuel Usage Q1 2013 Fuel Oil Usage Q1 2013 Residual Fuel Oil Usage Q1 2013 Tim Wallace writes … Hello Mish Here are separate charts for Total Distillates, Gasoline, Kerosene Jet Fuel, Fuel Oil (diesel, etc.) and Residual Oils.
Read More: "Wise Men" Propose Theft to Bail Out Banks
Former Portuguese Prime Minister Says "Portugal Cannot Pay Its Debts", Calls for "Argentine-Style Default" It’s rare to hear any bit of common sense from political leaders, but today I have a sterling example. Mário Soares , Prime Minister of Portugal from 1976-1978 and 1983-1985, and the 17th President of Portugal from 1986 to 1996 speaks the truth. Soares says " Portugal Cannot Pay Its Debts "
Links Key to Peace in Korea – Remove US Presence April 14, 2013 ( AltThaiNews-Tony Cartalucci ) – On March 26, 2010, the ROKS Cheonan is hit by what appears to be a German-made torpedo , sinks while claiming the lives of 46 South Korean sailors. The world, America at the lead, was quick to point its finger at North Korea before South Korea itself ruled them out as a suspect. North Korea adamantly insisted it was not behind the attack, and despite their paranoid and isolated posture, little beyond insanity could serve as a motive.Despite evidence adding up otherwise, to no one’s surprise a joint "international" investigation by the US, UK, South Korea, Australia, Canada, and Sweden would later conclude that a North Korean submarine was the culprit, leaving even most South Koreans skeptical.During this period of time, America’s position in Asia Pacific was already waning
Link if video does not play Faber: Gold Isn’t Down as Much as Apple . Marc Faber on Bloomberg TV on the Fall in Gold Prices "I love the markets