Author: James Wesley Rawles

Reader M.T. sent us this link: Gerald Celente: The Crash Is Underway H.L. sent this: Fears of Global Slowdown Hammer Stock Market Payback Time – Budget in the Red, Illinois Has Stopped Paying Bills (thanks to B.B. for the link.) Items from The Economatrix: Obama Says US Economy “Strengthening” Despite Weak Data US Auto Sales Seen Slowing with Recovery in Doubt City Budgets Snuffing 4th of July Fireworks Joint Chiefs Chair Reiterates Debt Is National Security Threat BP Shares Soar on Takeover Talks Greek Austerity Rage Spills Into Athens Streets One Million Protest Italy Austerity Package Crackdown! Is the Massive …

Chris G. sent us this troubling news article: House Democrats ‘Deem’ Faux $1.1 Trillion Budget ‘as Passed’ Recession cut into employment for half of working adults, study says. (Thanks to frequent content contributor B.B. for the link.) Items from The Economatrix: BofE Rate Setter Fears New UK Recession Nearly 1 in 3 First-Quarter Home Sales a Foreclosure Sold at Steep Discount Central Banks Warn of New Crisis if Exit Left Too Late China Slowdown Fears Hit Global Markets It’s Everyone for Themselves After Toronto Failure Europe’s Recovery Falters Double-Dip Recession Warning Signs are Everywhere! Batten Down the Hatches! Payrolls Drop …

KAF sent us this: National debt soars to highest level since WWII Thanks to RBS for spotting this: Oregon city turns off streetlights to save money Courtesy of reader John R.: Corruption Suspected in Airlift of Billions in Cash From Kabul. (Gee, do you think it might be suspicious?) I was doing some web wandering, and I found a fascinating history piece on AIG, and its parent company, AIC. Items from The Economatrix: Europe’s Banks Still on Life Support Roubini Says Greece Needs Orderly Debt Restructuring to Avoid “Inevitable Default” Britain “Might Not Cope with Another Bank Emergency” You Don’t …