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Life After the Oil Crash
Deal With Reality or Reality Will Deal With You
Breaking News: Monday October 5th, 2009
***Subscribe to the Free LATOC Breaking News Email List***
Systemic Breakdown:
Kunstler: "Something's got to give within the next three months . . . "
Huff Post: "Unemployment of this magnitude is going to get ugly . . ."
UK Guardian: "California about to become America's first failed state"
Register: "Ammo rationed at Wal Mart as panic buying sweeps the US"
CNN: "Corpses piling up as Detroit runs out of money to bury its dead"
Overseas Financial Collapse:
UK Telegraph: "Icelanders suffering in aftermath of nation's collapse"
London Times: "How an entire nation (Iceland) went down the toilet"
UK Telegraph: "I.M.F. could run out of money within 12 months . . . "
UK Telegraph: Mysterious Investor Just Bought Massive Amount of Tin
U.S. Financial Collapse:
Wall Street Journal: "Remnants of GM being auctioned off in fire sale"
Bloomberg: Applications for Social Security Soaring due to Recession
SF Chronicle: Wells Fargo Drastically Cutting Customer Credit Lines
Wall Street Journal: September Paints Ominous Picture for Holidays
SMH: "America's high tech dependence makes for a soft underbelly"
Housing Market Collapse:
Washington Post: Huge Swaths of ARM Mortgages Nearing Reset Point
Business Week: Short Sales a Fraying Lifeline for Mortgage Debtors
Los Angeles Times: Orange County Mega Mansions Rotting on Market
Out of Control Government:
EPJ.com: Proof of U.S. Government Gold Manipulation Now Declassified
CNBC: When you buy gold, you're fighting all the central banks . . . "
Zero Hedge: "How the Fed is covering up the insolvency of big banks"
Most Important Articles from Yesterday's Update:
Jim Willie/Hat Trick: U.S. Economy Approaching a "Systemic Failure"
Reuters/Bloomberg: U.S. Economy Nearing a "Sudden Stop" Event
Market Ticker: Actual September Job Loss Numbers Near One Million
Important Articles from the LATOC Archives:
Wall Street Journal: U.S. Dollar Faces End as World's Reserve Currency
CNN: IRS Won't Collect Enough in Taxes to Make Ends Meet This Year
Business Week: "U.S. now on an untraveled road to an unknown place"
Preparation and Relocalization:
John Rawles: "How does one get started with survival preparedness?"
AttackProof.com: Free Video Series on Learning Survival Self Defense
On Point Tactical: How to Survive a Home Invasion (11 minute video)
*Four Person Evacuation Kit Sale Ends Tomorrow*
The following books are available at Amazon:
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