Life After the Oil Crash

Deal With Reality or Reality Will Deal With You

















Breaking News: Friday October 9th, 2009

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Protect Yourself:

Bob Chapman: "The only place left to be will be gold and silver assets"

Market Watch: "Gold will hit $2,000 an ounce before end of the decade"

321 Gold: "Soaring gold price shows liquidity orgies do not create jobs"

UK Guardian: "Gold may be a temporary replacement for the dollar . . ."

Bloomberg: "UK faced bank runs and riots as RBS collapsed last year"

Financial Collapse:

GoldSeek: World is Watching as Stanford U. Tries to Dump Toxic Assets

Bloomberg: California Budget Deep in Red Only Weeks After Passage

Washington Post: Steep Losses Creating Catch 22 Crisis for Pensions

UK Telegraph: Wall Street Facing Day of Reckoning over Bear Stearns

Market Watch: Banks Aggressively Cutting Credit to Small Businesses

Associated Press: "There are now almost 6.3 applicants for every job"

SF Chronicle: "White collar workers in shock at their unemployement"

Housing Market Collapse:

U.S. News Report: Apartment Vacancy Rate Set to Break All Time High

PBS: Commercial Real Estate Likely the Next Financial Shoe to Drop

TBM: There is Nothing Wrong with Walking Away from Your Mortgage

Most Crucial Articles from Yesterday's Update:

UK Telegraph: Historians will Date Collapse of U.S. Dollar to Last Month

Wall Street Journal: Measured in Euros, U.S. GDP Fell 25% Since 2000

Bloomberg: Deficit for 2009 at $1.4 Trillion, 300% of What Was in 2008

Recent Articles Worth a Second Look:

Newsweek: Wealthy Investors Secretly Hoarding 100 Oz Bars of Gold

Economist: Demand for Gold Grows on Fears of Weimar Hyperinflation

George Monbiot: "We need a license to print our own money" (relink)

Popular Topics at the LATOC Forum:

LATOC: "Anything to the rumors of major bank problems on Oct 25th?"

LATOC: "Credit markets still frozen, big trouble about to break in CRE"

LATOC: Richard Heinberg's 2004 Prediction of a U.S. Dollar Collapse

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