Life After the Oil Crash

Deal With Reality or Reality Will Deal With You

















Breaking News: Monday July 27th, 2009

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Today's most important articles:

Jim Kunstler: "Goldman Sachs the front runner for a global syndicate"

Economist: "Toward end of 2008, world trade neared 100% collapse"

Bloomberg: "Bernanke terrified over state of commercial real estate"

Al Martin: Private Military Contractors Now Rule Over Detroit Suburbs

Wall Street Journal: Philadelphia Will Run Out of Money by September

Business Week: Rioting Chinese Steel Workers Kill Boss After Layoffs

Fortune: China In Far Deeper Amount of Debt than Previously Thought

UK Telegraph: Wave of Suicide Sweep Through China's Graduate Class

Most important articles from yesterday's (Sunday's) update:

Toronto Star: Credit Bubble Morphing into Government Finance Bubble

UK Telegraph: British Economic Collapse Now Rivals Great Depression

NY Times: States Paying Unemployment Benefits with Borrowed Cash

Other financial collapse news:

USA Today: FDIC Regulators Shutter 7 More Banks, Raising Total to 64

CNN: Weak Economy, Frozen Trade Spell Trouble for Regional Banks

Financial Times: California Spending Cuts Spark Citizen Fury and Rage

Wall Street Journal: Up to 25% of All Checks in Dubai May be Bouncing

San Francisco Chronicle: Default Notices at All Time High in SF Area

Alternet: Midwestern Meth Epidemic Product of the Global Economy

USA Today: Disaster Insurance Losses Seen at $11 Billion in 1st Half

UK Telegraph: U.S. Car Dealer Offers Free AK47 with New Car Purchase

Energy related news:

Forbes: At $8 a Gallon, Fuel Costs Will Eliminate Traditional Airlines

Forbes: At $14 a Gallon, Fuel Costs Will Eliminate Wal-Mart, Target

Los Angeles Times: American Way of Life Will Soon be Grinding to Halt

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