Life After the Oil Crash

Deal With Reality or Reality Will Deal With You

















Breaking News: Monday December 28th 2009

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Editor's Note: Jim Kunstler's Predictions for 2010, LATOC News Updates

I'm back. LATOC Breaking News updates will now continue as usual.

Jim Kunstler's predictions for 2010 are posted.

We are discussing Jim's predictions at the LATOC Forum.

Collapse of State, National Governments:

The Hill: California Government Faces Collapse without Federal Bailout

Mish Shedlock: Governor of Arizona Admits "Unparalleled Fiscal Crisis"

Wall Street Journal: As Crisis Hits Cities, Essential Services Get Gutted

London Times: Modern Irish State in its Deepest Financial Crisis Ever

AP: Ukraine Facing Serious Problems Paying Bills, May See Gas Cut Off

War on the Middle Class:

NY Times: Goldman Sachs Sold Toxic Debt as it Was Betting Against It

Daily Herald: U.S. Suburbs Filled with New "Invisible Homeless" Class

CNN Money: Economic Refugees Fleeing California, Florida, New York

UK Daily Mail: British Families Hit by Worst Wage Crashes in 50 Years

NY Times: Court System Overwhelmed by Recession Related Lawsuits

Financial Collapse:

Zero Hedge: Who's Responsible for a Missing Half Trillion in Treasuries?

Zero Hedge: Demand for U.S. Debt Will Need to Increse 11 Fold in 2010

Bloomberg: Treasury Promises Unlimited Funds to Fannie and Freddie

Wall Street Journal: Last Decade Worst Decade for Stocks in 200 Years

CNN Money: Weak Housing, Huge Government Debt Could Derail 2010

Eliot Spitzer: What Patent Applications Tell Us About America's Future

Real Estate Collapse:

Associated Press: Loan Delinquency Rate for U.S. Hotels Goes Soaring

Associated Press: Home Equity Lending Evaporates as Values Plunge

Slate: If Billionaires Don't Feel Guilty Walking Away, Why Should We?

Gold, Silver, Precious Metals:

Zero Hedge: Bankers Say Gold is a Bubble, Here's Why to Ignore Them

Business Insider: How China Might Buy More Gold Than America Owns

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