Life After the Oil Crash

Deal With Reality or Reality Will Deal With You

















Breaking News: Thursday October 29th, 2009

***Subscribe to the Free LATOC Breaking News Email List***

U.S. Financial Collapse:

TPM: Global Exposure to Derivatives Surpasses One Quadrillion Dollars

Zero Hedge: U.S. Government Trying to Make Bank Bailouts Permanent

Zero Hedge: Biggest Banks Entangled in the Mother of All Carry Trades

USA Today: Roubini, Rosenberg See Red Flags Dead Ahead for Stocks

Wall Steet Journal: Investors Preparing for a Post American Century

Washington Post: U.S. Dollar's Plunge Setting off Alarm Bells Overseas

Business Week: Newly Minted MBAs Facing Long Term Unemployment

British Financial Collapse:

UK Guardian: Banks' Credit Card Plan Will Tip Millions Into Bankruptcy

UK Telegraph: Social Timebomb (Joblessness) Set to Explode in Britain

Real Estate Collapse:

Bloomberg: U.S. Home Vacancies Rise to 18.8 Million on Default Wave

Christian Science Monitor: Foreclosure Crisis Spreading to New States

UK Telegraph: America's Housing Recovery in Serious Bubble Territory

Wall Street Journal: Landlords Giving in to Renters as Vacancies Soar

Most Important Articles from yesterday's update:

UK Telegraph: The Recession Has Morphed into a Second Depression

MyBudget360: U.S. Government Tax Receipts Down 20% Since 2008

CNN Money: "Cash for Clunkers" Cost U.S. Taxpayers $24,000 Per Car

Articles from the last few months worth a second look:

Bob Chapman: "The only place left to be will be gold and silver assets"

MarketWatch: "Gold will hit $2,000 an ounce before end of the decade"

321Gold: "Soaring gold price shows liquidity orgies do not create jobs"

"Are you looking for deep discounts on your preps?"



















Great books on food storage and preparation:





ccc