Economy

End of Peak Oil: 200-year supply of oil in one single shale formation

There’s plenty of oil, and even the global elites can’t hide it anymore. GAO: Recoverable Oil in Colorado, Utah, Wyoming ‘About Equal to Entire World’s Proven Oil Reserves’ … The Green River Formation – an assemblage of over 1,000 feet of sedimentary rocks that lie beneath parts of Colorado, Utah, …

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One of many: $90 million silver bullion ponzi scheme exposed

The Commodity Futures Trading Commission is charging a South Carolina-based firm with operating a $90 million Ponzi scheme, fraudulently offering contracts on silver sales, but never actually purchasing any metal, the agency said late Wednesday. The CFTC charged Ronnie Gene Wilson and Atlantic Bullion & Coin, Inc, both of Easley, …

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The Federal Reserve cartel: The Eight Families

(Part one of a four-part series) The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly …

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Global economic collapse for dummies

Forget the complicated flowcharts, scenarios, and government-banking-system reacharounds, the global economic collapse has never been so easy to comprehend… [youtube height=”400″ width=”550″]http://www.youtube.com/watch?v=1qoq9jIjpNM[/youtube]

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AIG Chief sees retirement age as high as 80 after crisis

American International Group Inc. (AIG) Chief Executive Officer Robert Benmosche said Europe’s debt crisis shows governments worldwide must accept that people will have to work more years as life expectancies increase. “Retirement ages will have to move to 70, 80 years old,” Benmosche, who turned 68 last week, said during a weekend interview at his …

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Silver headed to $75-$125/oz. in 1-2 years

My experience and the charts tell me that silver prices are likely to head to $75 to $125/oz. in the next one to two years.  That’s about a 150% to 230% gain for those who buy silver under $30/oz. The reason why is that we are in a bull market …

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US jobs report: a disaster

Unemployment line

Month after month, dismal jobs numbers are released from Washington and quickly spun to either enhance the image of the Obama administration or attempt to smash it. This month, though, there’s only one way to look at the figures — and it’s bad. The US Department of Labor released employment …

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Greece back to the Drachma?

Traders around the world have been staring at their Bloomberg screens, hardly believing their eyes. The electronic information platform has been showing details for possible Greek Drachma trading. The Bloomberg helpdesk described it as “an internal function which is set up to test.” The news comes in the wake of the …

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The End Game: 2012 and 2013 will usher in the end

If Raoul Pal was some doomsday spouting windbag, writing in all caps, arbitrarily pasting together disparate charts to create 200 page slideshows, it would be easy to ignore him. He isn’t. The founder of Global Macro Investor “previously co-managed the GLG Global Macro Fund in London for GLG Partners, one of the …

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Rockefeller and Rothschild banking dynasties form partnership

Two of the best-known business clans in global finance are joining forces, with the Rothschild banking dynasty set to acquire a stake in the Rockefeller group’s wealth and asset management business. Chaired by Lord Jacob Rothschild, RIT Capital Partners is a £1.9 billion ($3 billion) investment trust, which mainly focuses …

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