Netherlands looking for Euro Exit as Supercomputer prepares for Financial Judgement Day
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“We will keep all options — including military action — on the table to prevent [Iran] from obtaining a nuclear weapon,” Secretary of Defense Leon Panetta told America’s Pro-Israel lobby AIPAC today. Swiss money manager and Gloom Boom Doom Report publisher Marc Faber isn’t waiting for war. He said in an interview he thinks “sooner or later, the U.S. or Israel will strike Iran – it’s almost inevitable.” Faber recommends a formula of 25% cash, 25% equities, 25% gold, and 25% real estate or real estate equities as a formula to provide some safety against these financial headwinds. We ask Mike Shedlock, Investment Advisor for Sitka Pacific Capital and author of the popular Global Economic Analysis blog what he thinks. Meanwhile, more trouble brews in Euroland as Eurostat reports that the eurozone did contract 0.3% as estimated in the fourth quarter from the third quarter. Meanwhile, Greece tries to get investors on board with its debt swap deal by the Thursday deadline. As for bondholders taking the haircut, Greece’s Finance Minister Evangelos Venizelos said in an interview, “this is the best offer because this is the only one, the only existing offer.” Meanwhile a detailed 73-page report is circulating called “The Netherlands and the euro,” and it shows the Netherlands would benefit by leaving the eurozone. Mike “Mish” Shedlock talks about it and explains why Italy, Greece, Portugal and Spain are going to need lots more money and Germany and the Netherlands will end up footing the bill. Meanwhile, Super Tuesday has voters heading to the polls in Republican primaries as the presidential election campaign season gains more steam. The auto bailouts have driven some of the debate recently with Mitt Romney’s race in Motor City home state Michigan and also with attack ads including one lampooning the Chevy Volt, targeting Barack Obama and GM. You’ve heard the horse race partisan analysis, so we look at what may really be behind criticism of the auto bailouts from the same people who supported bailouts for the banks (e.g. Mitt Romney). Is it because Wall Street wants the bailouts for themselves but bankruptcies for everyone else so they can benefit off buying them up? And we debate Watson, the computer jeopardy champion, going to work on Wall Street, and whether or not guilty people are harder workers as a study finds.
Duration : 0:28:5
President Obama joins Chairman of the Council of Economic Advisers Austan Goolsbee to answer your questions from WhiteHouse.gov as he participates in the Winning the Future Forum on Small Business in Cleveland, OH. In this segment, the President responds to a question from James in Addison, Texas: “With the virtual death of loc
Jeff Madrick on how during the 70′s and 80′s the parasitical finance sector gains more power<
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Brachfeld and Associates, a collection law firm filed lawsuit against me representing TSYS/Natonal Attorney Network. TSYS (Total System solutions) is the debt collection servicing company for Capital One, who assigns attorney through their National Attorney Network to file Lawsuit against debtor. But Brachfeld and Associates named Capital One as plaintiff, which is a fraud. TSYS recently bought by NCO Group Inc.
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