Life After the Oil Crash

Deal With Reality or Reality Will Deal With You

















Breaking News: Tuesday December 8th, 2009

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Financial Collapse:

London Times: Stock Markets Hit by Second Round of Dubai Debt Fears

Neither Corp: Recent Global Events Indicate Impending Market Chaos

Washington Post: U.S. National Debt Default is No Longer Unthinkable

Reuters: U.S. Already $292 Billion in the Red Just This Year, CBO Says

Independent: British Fragile Recovery Threatened by Soaring Deficit

Washington Post: Ron Paul's Drive to Audit the Fed is Close to Passing

Real Estate Crash:

Business Insider: Far More at Risk for Foreclosure Than Acknowledged

London Times: Homeowner Bailout Plan Won't Stop U.S. Market Crash

War on the Middle Class:

Wall Street Journal: Loans Available to Americans in Dramatic Decline

Staten Island Live: Banks Now Going after Homeowners Bank Accounts

Financial Times: Heavy Debts Mean Limited Mobility for Young People

Associated Press: Jobless Professionals Competing for Low End Jobs

Crimes, Conspiracies, and High Weirdness:

Vanity Fair: Blackwater Founder Erik Prince Admits to Being CIA Asset

The Nation: Is Blackwater's Founder "Graymailing" the Government?

Preparation and Relocalization:

Washington Post: Neil Kashkari ("$700 Billion Man") Has Bugged Out

Wall Street Journal: Recession Sending More Families to Rural America

Salon.com: Duke University Student Makes Ends Meet by Living in Van

LATOC Forum: "At what point should we cash out their gold holdings?"

UK Daily Mail: More and More Britons Keeping Cash Under Mattresses

Most important articles from yesterday's update:

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

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

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

Articles from the LATOC archives worth a second look:

Charles Hugh Smith: "Most of your money is going to criminal cartels"

Reuters: Defaults on U.S. Credit Cards Exploding into the Stratosphere

UK Telegraph: U.S. Credit Plunging at Rate Not Seen Since Depression

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Section C. Peak Oil and Energy







I reccomend the following books:





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