Can Super Obama Save the U.S.?



Obama seemingly unaware of the kryptonite of corruption that is coursing through the veins of the world's markets, where the solution of throwing money at the problem equates to the fattening of thieves, pirates and parasites. Happy Thanksgiving, all the turkeys have been stuffed.

George Soros: "The Economy Fell off the Cliff" Spiegel Online
SPIEGEL: Mr. Soros, in spite of massive interventions by governments and federal banks the financial crisis is getting worse. The stock markets are in free fall, millions of people could lose their jobs. More and more companies are in trouble, from General Motors in Detroit to BASF in Ludwigshafen. Have you ever seen anything like it?

Soros: Never. I find the present situation dramatic and overwhelming. In my latest book “The New Paradigm for Financial Markets: The Credit Crisis of 2008” I predicted the worst financial crisis since the 1930s. But to tell you the truth: I did not actually anticipate that it would get as bad as it did. It has gone beyond my wildest imagination.

Russian analyst predicts decline and breakup of U.S. RIA Novosti
A leading Russian political analyst has said the economic turmoil in the United States has confirmed his long-held view that the country is heading for collapse, and will divide into separate parts.

Professor Igor Panarin said in an interview with the respected daily Izvestia published on Monday: "The dollar is not secured by anything. The country's foreign debt has grown like an avalanche, even though in the early 1980s there was no debt. By 1998, when I first made my prediction, it had exceeded $2 trillion. Now it is more than 11 trillion. This is a pyramid that can only collapse."

U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit Bloomberg
The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago.

The unprecedented pledge of funds includes $3.18 trillion already tapped by financial institutions in the biggest response to an economic emergency since the New Deal of the 1930s, according to data compiled by Bloomberg. The commitment dwarfs the plan approved by lawmakers, the Treasury Department’s $700 billion Troubled Asset Relief Program. Federal Reserve lending last week was 1,900 times the weekly average for the three years before the crisis.

UBS: Swiss Pirates Loot Bank



Banking pirates of Switzerland bailed out against the peoples wishes. Will we soon have proof that their system of direct democracy has been made impotent. It's going to take a year to get a referendum through in order to prevent further looting, but any attempts to seek justice against UBS and it's ilk will be crushed by corporatism. Watch and see, where voting out the gold standard opened the gates of fiat hell.

UBS loses favour with angry Swiss BBC
In Zurich, UBS head office sits astride Paradeplatz - Parade Square to you and me.

But in recent months, the Swiss have renamed it Piratenplatz - or Pirate Square - to signify what they believe is the daylight robbery that has taken place over the last 12 months. Not of their biggest bank, but by it.

"UBS bosses," writes one reader, "give us our money back, or we'll feed you to the crocodiles."

Paulson: The Grinch who killed Christmas

Henry Paulson as the Grinch in Ron Paul's holiday book.

Will Henry Paulson Sink Detroit? TPMCafé
Henry Paulson's main claim to fame is getting just about everything wrong in his tenure as Treasury secretary. However, he now stands to gain lasting notoriety as the person who destroyed the domestic U.S. auto industry, and the economies of the Michigan, Ohio, and Indiana along with them.

Meanwhile the GM Death Watch continues.


Perhaps Bernanke is also a Grinch, seems to be a lot of them lately:

Federal Reserve secretive about $2 trillion in loans Statesman
Taxpayers have a right to know where their money has gone.

The Federal Reserve has loaned several times the bailout amount — nearly $2 trillion — in taxpayer-funded loans to financial institutions with little oversight and no transparency. The Fed has refused to identify which banks received those loans or what was used as collateral.

Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson promised transparency when they asked Congress for the bailout billions. That hasn't happened. Bloomberg News, which sought the identity of the loan recipients under the federal Freedom of Information Act, was turned down and has sued to get the information.

Economy: All Grinch, No Santa?


Santa looks to be on vacation this season.

Grinch Gaining On Santa This Season CBS
The crunch is being felt not just in homes, but towns across the country, Solorzano points out, as municipalities are forced to cut back on decorative lights, or cancel community holiday festivities. Also scrapped cancelled? Many work holiday parties.

Consumer Prices in US Decline 1%, Most on Record Bloomberg
The cost of living in the U.S. fell by the most on record as fuel costs plummeted and retailers used discounts for cars and clothing to entice consumers hobbled by job losses and sinking home values.

Consumer prices plunged 1 percent last month, more than forecast and the most since records began in 1947, after being unchanged the prior month, the Labor Department said in Washington. Excluding food and energy, so-called core prices unexpectedly fell for the first time since 1982.


Are people discovering Christmas doesn't come in a box or just out of cash?

Schwarzenegger on Fire

Firenator to fight fire with fire. After that California will be the leading producer is ash and embers.

California Fires: Arnold Schwarzenegger To Put Them Out The Spoof
California Governor Arnold Schwarzenegger has said in a television address that he will single-handedly tackle the fires that are ravaging the LA area, and expects to have them all out by tomorrow.

California Fire Season Now Year-Round in Era of `Mega' Blazes Bloomberg
California's fire season used to start in August and end by Christmas. Now it lasts year-round, and the number of blazes across the state may double this year.

Drought, heat, electrical storms and 60-year-old forest- management policies have all contributed to a threat of fire that exists every moment for residents of the most populous U.S. state. Firefighters are currently battling three wind-whipped blazes that have burned hundreds of homes near Los Angeles.

Obama's Perestroika and Super Moon November 13th


Well there be a change or just a new smell wafting from the same old garbage?

Gorbachev calls on Obama to carry out 'perestroika' in the U.S. Ria Novosta
Former Soviet leader Mikhail Gorbachev has said that the Obama administration in the United States needs far-reaching 'perestroika' reforms to overcome the financial crisis and restore balance in the world.



Analysis: Change is coming to China Telegraph UK
As the financial crisis bites into China, taking the sheen off its extraordinary economic growth, the Communist Party is making sweeping changes in order to revive the country. The press law which was on the agenda in 1988, before the Tiananmen crackdown, suddenly appears to have been revived.

Whitehead sees slump worse than Depression Reuters
The economy faces a slump deeper than the Great Depression and a growing deficit threatens the credit of the United States itself, former Goldman Sachs chairman John Whitehead, said at the Reuters Global Finance Summit on Wednesday.

Whitehead warned the country's financial strength is at risk due to the sweeping demand for tax relief and a long list of major government spending plans.

A "Super Moon" will appear this week on November 13th and again on 12 December 12th, which occurs when the Moon is at 90% or greater of its mean closest approach to Earth. High tidal forces have a habit of making for irrational behavior and general craziness.

Riots break out across Colombia after investment scam collapses Guardian UK


Will the Phoenix rise again?

Stocks snap 3-day losing streak
CNNMoney
Stocks surged Thursday, with the Dow posting its third best single-session point gain ever, as the major stock gauges bounced back from levels not seen since 2003.

Dow rallies 552 points, an 870-point rebound from lows. Nasdaq and S&P 500 bounce from near 5-1/2 year lows.

It was the second time the market "retested" those lows, which were first hit around Oct. 10. The major gauges slumped to around those levels at the end of October and now again in mid-November.

The Myth of Drill Baby Drill



There's nothing better than a good lie, if there's always fools who will listen.

“Drill, Baby, Drill” or “Lie, Baby, Lie”? Prometheus Unbound
These anti-rational, “alernative reality” habits of mind, and the encouragement of such crass collective chants as “drill, baby, drill” that cynical Republican strategists are cultivating (and exploiting) in people, could easily mutate, over the next generation, into an American form of populist authoritarianism, akin to Putin’s Russia.

New Mission Time: NASA's Mars Phoenix Dead



Is it time for new frontiers, or is Earth the last one?

NASA says Phoenix Mars mission has ended AP
NASA on Monday declared an end to the Phoenix mission, some five months after the spacecraft became the first to land in Mars' arctic plains and taste water on another planet. Mission engineers have not heard from the Phoenix lander in over a week. It fell silent shortly after a raging dust storm blocked sunlight from reaching its solar panels.

Tired? Get Honda's Robot Legs



I will wait for the sumo industrial strength walker...

Honda's latest wacky walker stretches its legs Register UK
Honda has unveiled its latest attempt at wearable robotic legs, which this time around feature shoes, leg supports and a bicycle seat.

Honda’s keeping mum about exactly how the technology works, but has said that a computer, two motors, a lithium-ion battery and a selection of gears and sensors are all embedded inside. It weighs about 6.5kg and can support a maximum walking time of about two hours.

Paulson Bailout is Distaster Capitalism



Pump head Paulson to keep bailing...

Wall Street's 'Disaster Capitalism for Dummies' Global Research
14 reasons Main Street loses big while Wall Street sabotages democracy
This end game was planned for years in secret war rooms on Wall Street, in Corporate America, in Washington and the Forbes 400. Democracy is too cumbersome. It had to be marginalized for Disaster Capitalism to take over. Reagan, Bush and Paulson were Wall Street's "Trojan Horses."
Naomi Klein summarizes the game in "Shock Doctrine: the Rise of Disaster Capitalism." This "new economy" generates enormous profits feeding off other peoples' misery: Wars, terror attacks, natural catastrophes, poverty, trade sanctions, subprime housing meltdowns and all kinds of economic, financial and political disasters. Natural (Katrina) or manmade (Iraq), either way "disaster capitalism" creates fortunes.



Gold rush coming again, since nothing has changed in regards to the current economic system being fixed.

Gold rises on speculation prices have bottomed MarketWatch
Gold futures rose Monday for the first time in three sessions amid speculation that the precious metal's prices, having suffered their biggest monthly loss in 25 years, may have bottomed.

Gold for December delivery gained $8.60, or 1.2%, to end $726.80 an ounce on the Comex division of the New York Mercantile Exchange. The contract had surged to $739.50 earlier.