The risks of believing that the Mayan calendar ends December 21, 2012!

Not really an investment article but a quick look at the chart tells us that something very big will happen on November 7, 2009 - watch out below!
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HUMOR

OIL 101...

(for 1st year students) Morgan Downey provides a 1 hour audio on the basics of the oil market, click on link to activate... (more)

Britain's real jobless total 'more than 3m' says new report

Rapidly rising unemployment in Britain's industrial heartlands has sent the real level of joblessness surging to well over 3m during the recession, according to a report to be published this week.

Urging a package of help for dole queue blackspots, the study shows that widespread lay-offs in the manufacturing sector have widened the north-south divide in the labour market.

Professor Steve Fothergill, author of the report for the Industrial Communities Alliance, said the real level of unemployment was close to 3.4m, more than double the 1.6m claimant count total once those ineligible for benefits and the hidden unemployed on incapacity benefits were taken into account. (more)

UNEMPLOYMENT: NOW, THAT'S SUSTAINABLE!

Every time the media reports the unemployment numbers, it reminds me of George Orwell’s book, 1984. In the legendary book, a governmental organization referred to as the “Ministry of Truth” would report through the telescreens that the price of chocolate was going down. Winston Smith, the lead character of the book, knew good and well that the price of chocolate was not going down but was actually going up. We are certainly living in Orwell’s world! The difference between ours and the fictional world of Orwell, is that we are not being propagandized about chocolate, but rather unemployment statistics. The controlled news media always attempts to “butter up” the bad numbers, by putting a positive spin on the fact that we are losing our jobs, month after month. (more)

How Goldman Sachs Made $3 Billion 12 Months After We Bailed Their Lucky Asses Out

How did Goldman, Sachs & Co. -- saved a year ago by the US taxpayer -- magically make $3 billion in 3 months a year later?

This as the US dollar collapses, unemployment soars and foreclosures hit a record?

Here is the Goldman, Sachs & Co. revenue break down for the past 3 months:

• Financial Advisory-M/A: 325 million.
• Equity Underwriting: 363 million.
• Debt Underwriting: 211 million.
• Trading-Principal Investments: 10 billion. (more)
  

Russia and Iran Now OFFICIALLY Talking of Dumping Dollar for International Trade

After the Independent reported that Middle Eastern oil producers, plus China, Japan and France have all agreed to start trading oil using a basket of currencies - instead of the dollar - starting in 9 years, spokesmen for those governments denied it.

The Independent's reporter explained why the governments were denying the rumor.

But now the governments themselves are starting to admit that they are switching out of the dollar. (more)