Life After the Oil Crash

Deal With Reality or Reality Will Deal With You

















Breaking News: Monday October 19th, 2009

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War on the Middle Class, Citizen Rage, Social Collapse:

NY Times: Money Extorted from Taxpayers Going to Wall Street Barons

Yahoo: "Big banks taking taxpayer money only to use it against them"

Jim Kunstler: "Conditions in the U.S. are ripening for a bloodbath . . ."

Mark Ames: "U.S. bankers gambling the middle class into extinction"

Exiled: "Banksters spinning wealth out of nothing but human misery"

NY Post: Conditions Point to Another Lost Decade for U.S. Middle Class

Financial Collapse:

Market Watch: Common Shares of Fannie, Freddie are Likely Worthless

Market Watch: Banks Struggle to Keep Up with Avalanche of Bad Loans

London Times: Government Debt May be 300% Higher Than Reported

Reuters: British FSA Says a Global Banking Institution May be Needed

Yasha Levine: "FDIC writes love letter begging banks to be honest . . ."

UK Guardian: Francis Ford Coppola Says Big Movie Studios to go Bust

Housing Collapse:

NY Times: Foreclosures Forcing the Middle Class to Homeless Shelters

Dayton News: "No one sure how many bank walkaways are occurring"

SF Chronicle: Hoardes of Home Debtors Descend on Modification Event

Miami Herald: Foreclosure Crisis Nowhere Near Ending in South Florida

Boston.com: Massachusetts Seeing Very Scary Foreclosure Numbers

U.S. News: "Dismal foreclosure numbers likely just tip of the iceberg"

Most Important Articles from Yesterday's Update:

Business Week: "If dollar crashes, expect trade wars, bank collapses"

Wall Street Journal: Deficit to Hit $1.4 Trillion as Tax Revenue Plunges

Bloomberg: State Revenues Collapsing as Incomes and Sales Tumble

Articles from the last few months worth a second look:

Associated Press: 40% of Working Age Californians Now Unemployed

San Francisco Chronicle: Teen Unemployment at 25.5%, New Record

USA Today: Taxpayers Getting Yoked for Additional $55,000 Per Person

Discussions at the LATOC Forum:

LATOC: CIA Financed Firm Buys Stake in Company that Monitors Blogs

LATOC: I Knew the Economy Was Bad But Didn't Think it Was This Bad

LATOC: Why Now is the Time to Forge Your Own Civil Defense Network

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