Life After the Oil Crash

Deal With Reality or Reality Will Deal With You

















Breaking News: Wednesday August 5th, 2009

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Today's most important Peak Oil and Econo-Collapse articles:

Bloomberg: If You Hated Gasoline at $4 a Gallon, Just Wait Till It's $20

UK Telegraph: Gold Will Hit $1,000 an Ounce Again as Supply Dwindles

Mish Shedlock: Weekly Unemployment Numbers Portend Catastrophe

My Budget 360: Half of FDIC Insured Loans ($7.7 Trillion) are in CRE

Biz Journals: U.S. Commercial Mortgage Delinquencies Jump 585%

USA Today: Unpaid Property Taxes Hitting Local Municipalities Hard

Financial Times: U.S. Prime Borrowers Falling Behind on Payments

Washington Post: For Many Americans, Nowhere Left to Go But Down

Reuters: Goldman Employees Warned Not to Make Any Big Purchases

Geopolitics, conflict, conspiracies:

NY Times: Russian Subs Patrolling off East Coast of the United States

The Nation: Founder of Blackwater Implicated in Murder, Smuggling

Newsweek True Crime: The Life and Times of a Drug Lord's Children

Most important articles from yesterday's update:

NY Times: Getting Laid Off Now Signals a Permanent Plunge in Income

Reuters: Increasing Number of Americans Face Permanent Job Loss

Baltimore Journal: As Bank Failures Rise, Survivors Left to Pick up Tab

Daily Finance: Following Bailouts, is AIG on Verge of Collapse Again?

Best of the LATOC Archives:

Wall Street Journal: Unemployed May Turn to Violent Forms of Protest

Newsmax: Why Washington Expects to Use Troops against Americans

NY Times: "It feels like everything is imploding all at the same time"

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