Life After the Oil Crash

Deal With Reality or Reality Will Deal With You

















Breaking News: Monday December 7th, 2009

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War on the Middle Class:

Jim Kunstler: "Climategate" an excuse to avoid dealing with reality . . "

MSNBC: High Jobless Rate Could be New Normal for American Economy

The Exiled: Bernanke Plans To Rob $1 Trillion from Ordinary Americans

Financial Times: End to Stimulus Package Means Even More Job Losses

Reuters: The Great American Credit Contraction Continues to Roll On

Associated Press: Law Professor Says Walking Away Make Most Sense

The Atlantic: The Financial Industry Has Pulled off Equivalent of a Coup

Financial Collapse:

London Times: Asian Carp Threatens to Cost the U.S. Economy Billions

Bloomberg: Banks Take Losses on Short Sales as Foreclosures Soar

Bloomberg: No Escape From TARP for Banks Choking on Home Loans

Financial Times: Chinese Official Slams U.S. Banks About Derivatives

UK Telegraph: Crisis Threatens to Consolidate Russian Financial Sector

Collapse of Mexico:

The Atlantic: Facing the Propsect of Failed State on Southern Border

Rolling Stone: Mexican Drug Cartels Outsourcing Labor Like Wal Mart

Crimes, Conspiracies, and High Weirdness:

UK Guardian: Government Paying Out Cash to People for Spying Efforts

The Exiled: LRAD Sound Beam Weapons Turned on American Citizens

The Nation: How the US is Funds the Taliban in Heroin Rich Afghanistan

Mark Ames: Free Market Ideologue Feeding at Trough of Public Money

Tech Radar: Google Expands Tracking to Users Who Have Logged Out

Gold, Silver, Precious Metals:

Kitco: "We're at the begginning of a startling increase in gold prices"

Seeking Alpha: Goldman Sachs Says Gold Could Go to $1,400 an Ounce

UK Telegraph: China Has Put What Amount to the "Beijing Put" on Gold

Most important articles from yesterday's update:

UK Independent: Britain Facing a Return to Victorian Levels of Poverty

Exiled Online: Americans Willing to be Incarcerated for Food, Shelter

My Budget 360: U.S. Economy Shackled by Widespread Debt Serfdom

Articles from the LATOC archives worth a second look:

The Nation: Former Middle Class Americans Moving into Shantytowns

MSN: Middle Class Homeowners About to Get "Absolutely Walloped"

MSN: Brace Yourselves, Banks Have Declared Total War on Americans

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Section C. Peak Oil and Energy







I reccomend the following books:





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