Life After the Oil Crash

Deal With Reality or Reality Will Deal With You

















Breaking News: Monday November 30th, 2009

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Implosion of Dubai:

Jim Kunstler: NY Times Insists "It's all good" as World Heads to Chaos

London Times: UAE in Emergency Move to Prevent Bank Runs in Dubai

London Times: Investors Facing Huge Losses as Dubai World Implodes

London Times: Dubai's Silence on Debt Crisis Reignites Investor Fears

Bloomberg: Dubai World's Huge Debt Not Guaranteed by Government

San Jose Mercury News: Crisis in Dubai Means Big Problems Elsewhere

Fallout from Implosion of Dubai:

UK Independent: Will Dubai Default Plunge Us Into Credit Armageddon?

UK Guardian: Meltdown in Dubai Sparks Fears of Second Banking Crisis

UK Telegrpah: If Countries Like Dubai Begin Failing, What Will be Left?

London Times: Dubai Debt Fears Could Set off Round Two of Bank Crisis

Fleet Street: If Dubai Defaults on Debt, Could the U.S. and U.K Be Next?

War on the Middle Class:

LayoffList.org: The "Real" Unemployment Rate in the U.S. is Over 22%

NY Times: Reliance on Food Stamps in America Soars as Stigma Fades

The Exiled: California's Students Fleeced by Baby Boomer Pensionsers

The Exiled: Bailed Out AIG Forcing Poor to Choose Either Water or Food

Financial Collapse:

My Budget 360: FDIC Too Deep in the Red to Take Over Any More Banks

Wall Street Journal: Some Failed Banks Unwanted No Matter the Price

Wall Street Journal: "A trillion stash of cash idling the banking system"

Bloomberg: Reporter Who Challenged Fed's Secrecy Found Dead at 52

Real Estate Collapse:

SF Chronicle: "Break the Chains of Mortgage Serfdom", Attorney Says

CNN Money: Option ARM Loans About to Become Foreclosure Bombs

Gold, Silver, Precious Metals:

Bloomberg: Gold in "Healthy Breather", May be on Way to Top $1,200

Bloomberg: China May Use Dubai Debt Crisis to Purchase Gold and Oil

Market Oracle: Investors Hoard Gold as Governments Crash Economy

UK Independent: Forget Buying Gold or Silver, Start Investing in Garlic

Most important articles from yesterday's update:

LATOC: Citibank Used $8 Billion in Bailout Money to Give Loan to Dubai

Commodity Online: Jim Rogers Says Gold Could Go to $15,000/Ounce

Reuters: U.S. Mint Totally Out of Gold Coins as Wealthy Begin Hoarding

Articles from the last few months worth a second look:

Chris Hedges: "This is the week the American empire goes bankrupt"

Sprott: "U.S. government on a trajectory to defualt on its obligations"

Paul Craig Roberts: "U.S. quickly approaching failed state status . . ."

Jim Kunstler: "Aggrieved classes will soon be shooting, burning things"

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Section C. Peak Oil and Energy







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