Life After the Oil Crash

Deal With Reality or Reality Will Deal With You

















Breaking News: Monday August 31st, 2009

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Banking and Industrial Economy Breakdown News:

London Times: Japanese Government Reeling Under Financial Collapse

London Times: Summer "Recovery" Will Soon Turn to Long Dark Winter

Mish Shedlock: More Than 25% of F.D.I.C. Insured Banks Unprofitable

Wall Street Journal: Deal for Failed Banks Puts U.S. on Hook for Billions

Financial Times: Business Spending Falls to Lowest Level in 43 Years

Housing and Commercial Real Estate Collapse:

Wall Street Journal: Collapse of Commerical Real Estate Market Looms

NY Times: Number of Underwater Mortgages Hits Grim New Milestone

Orange County Register: Record 8,000 OC Mortgages Face Foreclosure

Collapse of U.S. Cities and States:

Michigan Messenger: Detroit Unemployment Rate Sets Record at 29%

NY Times: Florida's Collapse Prompts First Population Loss Since 1900

UK Telegraph: California Holds Giant Online Garage Sale to Raise Cash

SF Gate: Wave of Commercial Loan Defaults to Swamp San Francisco

Jim Kunstler: "Los Angeles, California riding on a river of toxic sludge"

Citizen Rage and Class War Terror:

MSNBC: Laid Off Workers Begin Eyeing the Abyss as Benefits Run Out

UK Guardian: There Will be Rage if the Bankers Continue with Excesses

Peak Oil, Energy, and Resource News:

Reuters: As Hybrid Cars Gobble Rare Metals, a Global Shortage Looms

Wall Street Journal: U.S. Biofuels Revolution Now Running on Empty

Crimes, Conspiracies and High Weirdness:

Inside Science: Study Says World's Stocks Controlled by Select Few

NY Times: Concern is High that Stimulus Money is Going to the Mafia

Computer World: FBI Investigating Laptops Sent to U.S. Governors

Most Important Articles from Yesterday's Update:

Daily Kos: "A secret so dark it will destroy the global banking system"

CNBC: Bank CEO, "A thousand banks will fail over the next two years"

Seeking Alpha: FDIC Will Implode as the "Too Big to Fail" Begin Failing

Articles from the Last Few Months Worth a Second Look:

NY Magazine: "How I Helped Build the Bomb that Blew Up Wall Street"

Barton Biggs in Newsweek: "A generation of financial destruction . . ."

Newsweek: Why Wealthy Investors are Hoarding 100 Oz Bars of Gold

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