Life After the Oil Crash

Deal With Reality or Reality Will Deal With You

















Breaking News: Thursday November 12th, 2009

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Fallout from Wednesday's UK Guardian/IEA Bombshell:

UK Guardian: U.S. Government Guilty of Pressuring IEA on Oil Reserves

ASPO USA: IEA Oil Reserves Manipulated Upwards to Avoid Mass Panic

ASPO USA: Oil at $100 This Year Will be as Bad as Oil at $145 Last Year

Seeking Alpha: IEA Records of Optimism Turns Nothing but Obfuscation

War on the Middle Class:

NY Times: Unemployment Woes Extracting a Massive Toll on Families

Washington Post: Bleak Data Pointing to Stark Future for Job Seekers

Washington Post: At Wheaton Shopping Mall, Workers Fight for Jobs

Wall Street Journal: Returning Workers Face Steep Cuts in Their Pay

NY Times: What is the Jobless Rate For People in Your Demographic?

Collapse of States, Cities, Essential Services:

Charles Hugh Smith: Collapse of U.S. Healthcare System is Inevitable

Wall Street Journal: Detroit's Sports Stadium to Sell for Pocket Change

Bloomberg: U.S. State Revenue Decline to Continue Until at Least 2012

Real Estate Collapse:

Mish Shedlock: New Rules Allow Banks to Hide Non Performing Loans

Oregon Live: Portland Sees City's Foreclosure Rate Double Since 2008

Washington Post: FHA's Reserves Fare Below Minimum Requirement

Financial Collapse:

NY Times: As Shipping Slows, Banks and Carriers Fear Loan Defaults

Washington Post: FDIC to Require Banks to Prepay Deposit Insurance

Washington Post: Goldman, the Waltons, and Their Hotel Money Pit

NY Times: Iraq Begins Rebuilding Its Economy, Shuns U.S. Businesses

Gold, Silver, Precious Metals:

Seeking Alpha: Do We Wild Eyed Goldbugs Finally Have Your Attention?

321 Gold: Buying Gold, Silver to Starve the Vampire Squid Banksters

UK Telegraph: Global Gold Production Has Gone Into Terminal Decline

Market Watch: How the Colt Peacemaker Handgun Has Outshone Gold

Most Important Articles from Yesterday's Update:

CNBC: "U.S. government will be totally bankrupt within 18 months . . ."

Casey Research: "You thought housing was bad? CRE will be far worse"

Yahoo Finance: Job Losses Could Trigger Round Two of Banking Crisis

Articles from the last few months worth a second look:

Sprott: "U.S. government on a trajectory to defualt on its obligations"

Paul Craig Roberts: "U.S. quickly approaching failed state status . . ."

Yahoo Finance: "U.S. empire in decline, on collision course with China"

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