Financial News Update – 07/07/2010

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Here’s Why IMF Gold Swaps Amount To Organized Looting Of Sovereign Wealth

Niall Ferguson: Nothing Would Scare Bond Markets More Than The Government Following Paul Krugman’s Advice

Niall Ferguson: The US Has 6 Years Before Debt Payments Surpass Defense Spending

Prechter Says DOW Will Fall To 1,000

Hussman: Inflation Is Coming, And The Market Is Only In The First Part Of A Big Decline

Chinese Central Bank Fleeing Into Japanese Yen

The 23 Countries Most Likely To Default

Do The Krugmanites Have ANY Serious Ideas For Fixing The Economy?

The Winners And Losers From The Rise Of Manufacturing Costs In China

Barney Frank And Ron Paul Join Hands To Call For Military Budget Cuts

Here’s The Real Reason Unemployment Is So High: Because The Government Makes It Impossible For Small Businesses To Hire Employees

What Will Really Jolt The Economy Back To Life?

Rosenberg: Here Are 15 Signs The Economy Is Rolling Over

U.S. Austerity Necessary to Prevent Hyperinflation

Schools laying off teachers, but still have to pay them

Study: Illegal immigration costs $113 billion per year

Philly public schools reluctantly forced to release public information

Morning Bell: The Rationer-in-Chief

Another Democrat in trouble? Big Pharma to the rescue

Obama to railroad through health rationing czar

Top Chef v. Heritage Policy Analyst: Stirring Up the Debate on Federal Welfare

Pelosi: Unemployment Benefits Biggest Stimulus for Economy

States Fighting Back Against Obamacare: Virginia

China on the Brink?

The Heck With Homeopathy

Expect lots of government layoffs at state, local level (Hat Tip: Brian B.)

WAYNE ALLYN ROOT: Barack Obama: The great jobs killer (Hat Tip: Curtis Frantz)

Biometric ATM gives cash via ‘finger vein’ scan (Hat Tip: Brian B.)

A Case Study in Teacher Bailouts

Government jobs: Bloated pay, benefits cost us all

Obama Gives Away More Of Our Money To Minorities (Hat Tip: Brian B.)

Here’s Why The Great Recovery Is A Big Fat D.U.D.D.

12 Charts That Show The Broken State Of The US Labor Market

Illinois Construction Workers Make $50-68 Hour, Strike For 15% More

18 Charts That Tell You Everything You Need To Know About The World’s Sovereign Debt

The World’s Top Currency Analyst Says Euro Will Fall To Dollar Parity In 2011

The Japanese Dream Is Over As Ex-Pat Population Marks First Fall Since 1961

Philadelphia using stimulus coffers to crush personal freedoms, responsibilities

Obama bypasses Senate for new Medicare chief (Hat Tip: Nancy Jacques)

Top 10 Things Obama Doesn’t Want You to Know About Donald Berwick

Obama Appoints Radical Communist Pal to Head Medicare & Medicaid (Video)

Independent Voters Abandon Radical Obama in Droves

Dem’s Racist Tanning Tax Goes Into Effect – White Folks Feel Burned

Feds Help Pay Home AC Bills for Federal Employees, Prisoners & Dead People

IT BEGINS… Obama Initiates His Coal-Killing Policies; Energy Costs to Skyrocket

Socialist Hillary Clinton Wants the US to Spread the Wealth Around More


Cash-strapped PA finds $10M for Arlen Specter Library


With the US trapped in depression, this really is starting to feel like 1932

Banks Too Big to Fail, Too Big to Bail Out: Roubini

Investors Fear Rising Risk of US Regional Defaults

Bernanke Created Half of 234 Years’ Worth of Money Supply. Here is a quote: “The U.S. turned 234 years old yesterday, and yet over half of the nation’s money supply was created since Helicopter Ben took over the
flight controls four years ago. No wonder gold is in a full fledged bull market . . .”

Starting Now: America’s Second Great Depression

Companies Clutching Cash But Stingy with Jobs

Unemployment is Here to Stay

Sultans of Swap: BP Collapse Potentially More Devastating than Lehman’s

Gary North: Congress or Fed Too Big To Fail?

Increasing Risk of Double-Dip Recession as Leading Economic Indicators Start to Turn

Turning Lemons Into Lemonade for 390 Years

Hungary to Ask for “Precautionary Bailout” from EU and IMF

7.9 Million Jobs Lost, Many Never to Return

State and Local Government Workers’ Job Security Fades

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