Life After the Oil Crash

Deal With Reality or Reality Will Deal With You

















Breaking News: Thursday August 27th, 2009

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Banking and Industrial Breakdown News:

CNN Money: Barbarians at the Bank Gates as FDIC Edges to the Brink

Associated Press: FDIC May be Swamped with  Losses by End of Year

Bloomberg: FDIC's List of "Problem Banks" Swells to 416 Institutions

Bloomberg: Fed Says Disclosure of Emergency Loans Will Hurt Banks

Yahoo Financie: Banks "in the Crapper", Expect Loan Losses to Mount

Wall Street Journal: As Budget Deficits Soar, So Do Fears for the Dollar

U.S. Jobs and Employment Collapse:

InfoWars: U.S. Manufacturing Jobs Plunges to Lowest Level Since 1941

Business Week: Those who Have Jobs Should Brace for Huge Pay Cuts

Breit Bart: Fed Official Admits the Real Unemployment Rate Over 16%

Yahoo Finance: U.S. Retailers, Cosnumers in "Complete Death Spiral"

Overseas Financial Collapse News:

Bloomberg: Sarkozy's Threat Against Scum Bankers Alarms U.S. Elites

Swiss Info: Swiss Bank Advising Clients to Pull Money out of the U.S.

UK Telegraph: Britain is Sleepwalking to "Decade of Economic Misery"

UK Telegraph: Fears for Economy Mount as Investment Takes Plunge

UK Telegraph: Germany to Lend Directly as Credit Breakdown Looms

Housing and Commerical Property Collapse News:

Los Angeles Times: California Property Values Fall 1st Time Since 1933

NY Times: Once Booming Town Now a "Cul-de-Sac of Broken Dreams"

NY Times: Adjustable Rate Mortgage Time Bomb Detonation Going Off

CNBC: "Tsunami" of Home Foreclosures Will Swamp American Banks

UK Telegraph: Growing Number of Retirees Now Facing Repossession

Collapse of U.S. Cities and States:

Los Angeles Times: California to Impose Draconian Taxes on Citizens

Los Angeles Times: California About to Lose Its Last Major Auto Plant

Newsweek: Sorting Through the Rubble of California's Suburban Slums

Peak Oil, Energy, and Resource News:

UK Telegraph: China Considering Ban on Export of Industrial Metals

Reuters: Oil Falls After Reaching 10 Month Peak of $75 a Barrel

Alternet: New York Times Stance on Peak Oil, "Don't Worry Be Happy"

Most Important Articles from Yesterday's Update:

Wall Street Journal: Hidden Provision Will Mandate IRS Punishments

Reuters: U.S. Postal Service Plans to Layoff 30,000 More Employees

Mish: Plunge In Mortgage Cure Rate Portends Foreclosure Disaster

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"Do you have enough food and supplies stored away to survive eight weeks of total social breakdown?"

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Great survival and disaster preparedness books:





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