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‘Financial Armageddon’: Legendary Investor Warns Americans To Prepare For Stock Market Crash Within Weeks

08/29/2012 3 comments

By Terry Weiss – “In a riveting interview on CNBC, legendary investor Jim Rogers warned Americans to prepare for ‘Financial Armageddon,’ saying he fully expects the economy to implode after the U.S. election.

Rogers, who for years has been an outspoken critic of the Feds policies of ‘Quantitative Easing,’ says the world is ‘drowning in too much debt.’ He put the blame squarely on U.S. and European governments for abusing their ‘license to print money.’ In the U.S. alone, the national debt has surged to nearly $16 trillion, that’s more than $50,000 for every American man, woman and child.

‘[They] need to stop spending money they don’t have,’ Rogers said. ‘The solution to too much debt is not more debt… What would make me very excited is if a few people [in the government] went bankrupt…’ Rogers added.

Rogers also charged Obama and German Chancellor Angela Merkel with promoting dangerous policies that create the illusion the economy is stable… but are really only intended to buy time before their upcoming elections.” Read more.

Market Crash ‘Could Hit Within Weeks’, Warn Bankers – “Insurance on the debt of several major European banks has now hit historic levels, higher even than those recorded during financial crisis caused by the US financial group’s implosion nearly three years ago. Credit default swaps on the bonds of Royal Bank of Scotland, BNP Paribas, Deutsche Bank and Intesa Sanpaolo, among others, flashed warning signals on Wednesday. Credit default swaps (CDS) on RBS were trading at 343.54 basis points, meaning the annual cost to insure £10m of the state-backed lender’s bonds against default is now £343,540.” Read more.

Australia Headed for Disaster Zone – “Real estate agents in Australia who assured everyone for years there was no housing bubble and home prices would only ever go up because there was a “shortage of houses” are now telling everyone who is stuck in a house they cannot afford that they have prices too high. What this means of course is real estate agents are selling few homes, thus making little in commissions so they need prices to come down. What the agents don’t realize is this is the beginning of a trend and home prices, some drastically reduced already, still have much further to fall.” Read more.

On The Verge Of Major Financial Chaos On a Global Scale, Investors Nervous – “Is the stock market going to crash by the end of this year? Are we on the verge of major financial chaos on a global scale? Well, this is the time of the year when investors start getting nervous. We all remember what happened during the fall of 1929, the fall of 1987 and the fall of 2008. However, it is important to keep in mind that we do not see a stock market crash in the fall of every year. Some years the stock market cruises through the months of September, October, November and December without any problems whatsoever. But this year conditions certainly seem to be right for a “perfect storm” to develop.” Read more.

Peter Schiff: ‘We’re Headed For A Real Economic Collapse … The Party Is Over … Will Make 2008 Look Like A Walk In The Park’

Categories: Man-Made Disasters

UK: Exploding Meteor Creates Spectacular Fireball Over Wales, ‘I’ve Never Seen Something So Amazing In My Life’

08/29/2012 Leave a comment

The Telegraph – “A meteor has exploded above Wales causing a sonic boom which shook windows and set off car alarms.

Hundreds of people saw the fireball shoot across the night sky before exploding near their homes.

Sleeping children were woken by a ‘sonic boom’ created as the golf ball sized meteor exploded above South Wales.

Homeowner Steve Edwards, 56, said: ‘There was an enormous boom – It sounded like a bomb going off.

‘The force of it shook the windows in my house, woke up my children and caused car alarms to start going off in the streets.

‘I’m just glad none of it landed on my roof.’

Police and coastguards in South Wales had dozens of reports of a bright flash in the sky followed by a loud bang.

Witness Nathan Jones, 34, who lives in nearby St Athan, said: ‘I’ve never seen something so amazing in my life.

‘It had a heat trail behind, It was orange and white and very bright, and also seemed very close.

‘It looked like it was skimming through the atmosphere due to the curved path it was taking.’

The meteor was first spotted in the North West and amateur astronomers watched as it sped towards the border of Wales and the South West.

Hannah Sabido, 33, who spotted the meteor from her home in Bristol, said: ‘I first noticed it as a very bright glowing light behind cloud, travelling very fast.

‘It looked like a bright white ball with a long bright tail and possibly a green hue. It was brighter than the moon.'” Read more.

Categories: Cosmic Craziness

France: Montpellier Police Attacked By Mob While Trying to Arrest Suspected Bike Thief In Muslim ‘No-Go Zone’

08/29/2012 Leave a comment

Midi Libre via Cheradenine Zakalwe, Islam verses Europe -“Note the remarkable similarity between this story and the last one I posted. This is what it is like in France now, as the ‘no-go areas’ extend ever further across the country. This is what makes a no-go area a no-go area. The police can’t arrest anyone without coming under attack from Muslim mobs.

‘Three agents of the Montpellier anti-crime brigade were wounded on Tuesday evening in an estate in Montpellier when they tried to arrest a 14-year-old adolescent who was pushing a stolen scooter, it has been learned from corroborating sources.

At noon, the police officers were ‘attacked by the family of the ‘jeune’, friends and a group which formed rapidly’ in the district of Cévennes, in the west of the City, and they were struck with iron bars, indicated the assistant prosecutor Patrick Desjardins.

In the confusion, the minor took flight, while his parents, aged 34 and 37, were taken into custody, along with another ‘jeune’, added Mr Desjardins. The adolescent returned to the scene one hour later, his hands still bound by the handcuffs behind his back, and was arrested in turn, specified the Hérault director of public safety.

Transported to the emergency department of Montpellier teaching hospital, the officers are suffering from a ‘broken wrist, damaged finger and an ear in poor condition’, according to the prosecutor’s office.'” Read more.

Flashback: France Seeks To Reclaim Muslim ‘No-Go’ Zones – “The French government has announced a plan to boost policing in 15 of the most crime-ridden parts of France in an effort to reassert state control over the country’s so-called ‘no-go’ zones: Muslim-dominated neighborhoods that are largely off limits to non-Muslims. The crime-infested districts, which the French Interior Ministry has designated as Priority Security Zones (zones de sécurité prioritaires, or ZSP), include heavily Muslim parts of Paris, Marseilles, Strasbourg, Lille and Amiens, where Muslim youths recently went on a two-day arson rampage that caused extensive property damage and injured more than a dozen police officers.” Read more.

 

Categories: Radical Islam, Wars and Rumors of War Tags:

‘Worrying’: Bolivian Police Seize Nearly Two Tons Of Uranium Near The US Embassy In La Paz

08/29/2012 Leave a comment

If true, one has to ask the obvious, “What else is out there that authorities have yet to find?” This story was also published on Fox News Latino this morning, but it looks like it has since been “scrubbed” to now cast doubt on the original report.  At any rate, a couple tons of uranium could produce a few “dirty bombs” that would need a little more than scrubbing to clean up …

Agence France-Presse – “Authorities in Bolivia said Tuesday they had seized nearly two tons of uranium stashed at a building in central La Paz and detained at least one person linked to the cache of radioactive material.

The material was found in a garage on the ground floor of a building in the city center, not far from the US and Brazilian embassies, Deputy Interior Minister Jorge Perez, who led the seizure operation, told a press conference.

Experts were to quickly analyze the material, which the minister said appeared to have a ‘high level of radioactivity.’ Perez did not explain how the discovery was made, or the specific nature of the uranium.

Perez said the uranium could have come from ‘Brazil or another neighboring country.’ He added that the material, found in heavy plastic bags as a result of a six–week investigation, was likely destined for Chile.

A fresh probe was launched to determine where the uranium came from, and where it was headed.

‘We are surprised [to find] material of this kind, which poses a health risk, in such large quantities, in the center of La Paz,’ Perez said.

Authorities did not say whether nearby residents would need to undergo medical examinations.

The head of the public mining company Comibol, Hector Cordova, said on private radio Erbol that the discovery was ‘worrying.’

Bolivia does not have the technology to enrich uranium, a process used to produce material needed for both nuclear power and atomic weapons.” Source – The Jakarta Globe.

Flashback: Iran-Sponsored Terrorists Plan US Attack ‘Worse Than The World Trade Center’ From Latin American Countries – “Middle Eastern terrorists have infiltrated Latin American countries—especially Mexico—to plan an attack against the United States, according to an alarming exposé broadcast this week by the world’s largest Spanish news network. The Univision documentary, ‘La Amenaza Irani,’ (Iranian Threat), uses undercover, never-before-seen video footage to illustrate how Iran’s growing political, economic and military ties to Latin America threaten U.S. security.” Read more.

Categories: Anything Else, Wars and Rumors of War

Evidence Mounts Of Iran ‘Laughing All The Way To Nuclear Power’

08/29/2012 Leave a comment

By Tzvi Ben Gedalyahu, INN – “The United Nations nuclear inspection agency, IAEA, is beefing up attempts to force Iran to cooperate at the same time it is expected to report Iran has installed 350 new centrifuges since May.

The new centrifuges are in addition to a previously-reported 1,000 that have been installed, part of Iran’s plan to have 3,000 centrifuges working.

Newspapers from Pakistan to the United States reported Wednesday that the French news agency AFP quoted diplomats in Vienna that the IAEA will issue a report on Friday detailing Iran’s nuclear progress at the Fordow facility, buried deep underground in order to protect it from a bombing attack.

The nuclear site is enriching uranium to a concentration of 20 percent, far below the 90 percent grade needed for a nuclear bomb but easily upgraded to that level.

Iran continues to insist it is developing its nuclear facilities for peaceful purposes, but Ahmadinejad’s recent reiteration that Israel must be annihilated could be used by the Islamic Republic as reasoning that striking Israel with a nuclear warhead is part of its homemade ‘peace process.’

The IAEA reputedly is establishing a new ‘Task Force’ to get tough with Iran, which so far has succeeded to dodge nuclear inspectors.

Western dependence on diplomacy and sanctions has not convinced Israel that anything except military action can stop Iran, but even the IAEA has shown signs of giving up on Iran.

Last week, it was reported that Iran has ‘sanitized’ a nuclear research facility at a military to the point that it may be too late to inspect it.” Read more.

Flashback: July …

Categories: Radical Islam, Wars and Rumors of War

Egyptian Cleric: Islam Teaches A Man To Beat His Wife So That She’ll Treat Him With Kindness, Respect, And Know He Is Superior

08/29/2012 1 comment

Qur’an Sura 4:34, “Men have authority over women because [Allah] has made the one superior to the other… Good women are obedient… As for those from whom you fear disobedience, admonish them and send them to beds apart and beat them. Then if they obey you, take no further action against them…”

Thank goodness the beating shouldn’t be rushed or done out of anger. I guess that makes it all perfectly ok in order to subdue the inferior gender …

Egyptian Cleric Abd Al-Rahman Mansour: “Islam instructs a man to beat his wife as a last resort before divorce, so that she will mend her ways, treat him with kindness and respect, and know that her husband has a higher status than her. I say to every husband: Do not rush to beat her whenever a problem arises. Oh servant of Allah, Allah said: ‘Admonish those of them on whose part your fear disobedience, refuse to share their beds, and beat them.’ One should not beat out of anger. This you must know: If the wife utters the name of God, the beating must stop… When ‘Aisha thought ill of the Prophet Mohammed, believing that he did not treat her the same as his other wives, and that when he left her room, he would go to another wife, she followed him and spied on him. Aisha said that when the Prophet found out about this, ‘He gave me a shove that was painful.’ This was done in order to discipline her, not because the Prophet enjoyed beating or inflicting bodily harm. The Prophet did this in order to discipline the woman… A good woman, even if beaten by her husband, puts her hand in his and says: ‘I will not rest until you are pleased with me.’ This [is] how the Prophet Mohammed taught his women to be.”

Categories: Anything Else, Radical Islam

Israeli Arabs On Palestinian Television: Israel Is A ‘Monster’ And ‘We All Want To Step On Its Head’

08/29/2012 Leave a comment

Two Israeli Arabs characterize Israel as a “monster” founded upon “robbery and theft of a nation’s homeland” that must have its head crushed, when in reality all that is being crushed is truth as it is turned on its own head. “Christian” archaeology undermines Islam. “Jewish” archaeology undermines Islam. Even “Islamic” archaeology undermines Islam. But when it comes to a religion whose own foundations are grounded upon nothing but lies and deceptions, the only facts that need apply are those that can be distorted to undermine the Truth and to demonstrate, yet again, that the ideology of Islam serves little more than to obfuscate the perceptive reality of those who should otherwise be highly intelligent thinkers …

Hussein Abu Hussein, Israeli Arab Lawyer: “Nazi Germany was a state based on the rule of law for a short while and it found refuge in the law. [However,] the State of Israel was founded from the start on robbery and theft of a nation’s homeland. Actually, the correct and true legal definition of what happened to the Palestinians is homeland theft… We suffer from a great injustice, from the giant monster. This monster attacks us daily and bites into our flesh in the Negev, the Galilee, the Triangle, Jerusalem, and the occupied territories, the West Bank and Gaza. Every day it bites into our body.”

Mohammed Bakri, Israeli Arab Actor: “I want to step on the head of this monster.”

Hussein Abu Hussein, Israeli Arab Layer: “We all want to step on its head, but talking is not enough. Everyone has their role.”

Categories: Anything Else, Radical Islam