Via Fox Business and well worth your time:
Category Archives: Survival News
Chris Christie and Meredeth Whitney on 60 Minutes: States are Bankrupt
Moody’s Might Downgrade Spain’s Credit Rating – Again
MADRID (AP) – Ratings agency Moody’s on Wednesday warned it may downgrade Spain’s debt because the government is vulnerable to a borrowing crunch next year, when the recapitalization of weak banks could prove more costly than expected for public finances.
The agency, which lowered Spain’s rating from Aaa to Aa1 in September, says it will review the rating again because of high financing needs in 2011 but does not expect the country to need a bailout.
The government’s bond yields have risen to high levels in recent weeks amid Europe-wide debt market turmoil. Investors fear that countries like Spain or Portugal will have trouble handling heavy debt loads and require emergency help, like Greece or Ireland.
Spain is considered a risk because it is still struggling to emerge from nearly two years of recession, has the highest unemployment rate in the eurozone and a swollen deficit.
Who could have seen that coming?
Iran Putting Medium Range Ballistic Missiles in Venezuela That Can Reach America!
I guess the benefits of giving up our “empire” are going to be seen when tin-pot Communist dictators start lobbing nukes or chemical weapons into some of our cities, secure in the knowledge that we won’t do anything about it:
Iran is planning to place medium-range missiles on Venezuelan soil, based on western information sources[1], according to an article in the German daily, Die Welt, of November 25, 2010. According to the article, an agreement between the two countries was signed during the last visit o Venezuelan President Hugo Chavez to Tehran on October19, 2010. The previously undisclosed contract provides for the establishment of a jointly operated military base in Venezuela, and the joint development of ground-to-ground missiles.
At a moment when NATO members found an agreement, in the recent Lisbon summit (19-20 November 2010), to develop a Missile Defence capability to protect NATO’s populations and territories in Europe against ballistic missile attacks from the East (namely, Iran), Iran’s counter-move consists in establishing a strategic base in the South American continent – in the United States’s soft underbelly.
According to Die Welt, Venezuela has agreed to allow Iran to establish a military base manned by Iranian missile officers, soldiers of the Iranian Revolutionary Guard and Venezuelan missile officers. In addition, Iran has given permission for the missiles to be used in case of an “emergency”. In return, the agreement states that Venezuela can use these facilities for “national needs” – radically increasing the threat to neighbors like Colombia. The German daily claims that according to the agreement, Iranian Shahab 3 (range 1300-1500 km), Scud-B (285-330 km) and Scud-C (300, 500 and 700 km) will be deployed in the proposed base. It says that Iran also pledged to help Venezuela in rocket technology expertise, including intensive training of officers
Fausta reminds us that she’s been warning about this move coming for years. But nuking a city isn’t the only concern, these missiles are perfect for launching an EMP attack on North America.
This comes as China has doubled down on their alliance with the war hungry North Koreans and Chavez has been telling his citizens that America is responsible for the natural disasters in the region.
Looks like we’re seeing the sides for WWIII form up. So far we have no allies, not even our government.
Bank of America Stocks Rising on Assange Arrest?
Sort of. Charlie Gasperino, author of Bought and Paid For: The Unholy Alliance of Barack Obama and Wall St. explains:
You might also want to check out his book The Sellout: How Three Decades of Wall St. Greed and Government Mismanagement destroyed the Global Financial System which I’m told is the best account of how we got into this mess out there.