Life After the Oil Crash

Deal With Reality or Reality Will Deal With You

















Breaking News: Thursday December 17th, 2009

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War on the Middle Class:

The Exiled: NASA Satellites See California Wealth Transfer from Space

The Exiled: Inside the Heart of Detroit, America's Most Abandoned City

Charles Hugh Smith: Local Governments Now Opening Debtors Prisons

Yahoo Finance: Citi Does the Impossible, Steals from Taxpayers Again

Alternet: Wall Street Swimming in Black, Main Street Drowning in Red

NY Times: State Raises Student Tuition to Pay Baby Boomer Pensions

NY Times: Big Pharm Companies Still Running Experiments on the Poor

U.S. Financial Collapse:

UK Telegraph: Gulf Oil Powers Launch New Currency in Threat to Dollar

Stateline.org: Governors Considering "Nightmare" Financial Scenarios

Alternet: U.S. State Unemployment Funds are in Full Blown Collapse

CBS News: U.S. National Debt Has Exceeded Limit Congressional Limit

MSNBC: Dylan Ratigan Bitch Slaps Lawmaker Owned by the Banksters

Overseas Financial Collapse:

UK Telegraph: Britain Must Prepare for a Year of Social, Political Unrest

Daily Mail: BOE Warns Britain "Investors losing faith in debt laden UK"

London Times: Markets Becoming Reluctant to Loan Cash to Countries

Yahoo: Sovereign Debt the New Subprime as Countries Face Collapse

London Times: Thousands Stranded as Travel Company Goes Bankrupt

Real Estate Collapse:

Wall Street Journal: Confessions of an Underwater Mortgage Serf

NY Times: The Four Big Mortgage Backers Swimming in Ocean of Debt

Climate Change:

George Monbiot: "Meeting at Copenhagen about our primal tragedy"

UK Independent: "At this rate, Copenhagen will end up as a disaster"

Gold, Silver, Precious Metals:

Adrian Douglas for GATA: "How much imaginary gold has been sold?"

Bloomberg: Central Banks and Governments Expanding Gold Reserves

Mint News Blog: "Gold and silver bullion coins now subject to rationing"

Most important articles from yesterday's update:

Jim Kunstler: Goldman Sachs Bankers Prepare for "Cash for Pitchforks"

Shadow Stats: "U.S. has no way of avoiding financial armageddon . . ."

Reuters: "U.S. must control debt or face panic in the financial markets"

Preparation and Relocalization:

Survival Blog: Growing Your Pain Medicine Post Government Collapse

LATOC: I Knew the Economy Was Bad But Didn't Think it Was This Bad

LATOC: Why Now is the Time to Forge Your Own Civil Defense Network

Articles from the LATOC archives worth a second look:

Bloomberg: Paulson Met Secretly With Goldman’s Board During Bailout

NY Times: Furloughed California Workers Still Showing up to Cubicles

The Exiled: U.S. Suburbs a Slaughtering Ground in Scam of the Century

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Section C. Peak Oil and Energy







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