Program Note: Steve guests on Omega Man Radio in a 3-hr. special Wednesday Aug. 17, 7pm Mtn. / 9pm Eastern. Topic: The Zombie Apocalypse – God’s Protection From It. If you missed it, listen here.
Dow Skids 450; Economic News Disappoints: The Dow Jones Industrial Average plunged sharply, led by Bof and Hewlett-Packard after squeezing out a small gain in the previous session. The S&P 500 and the tech-heavy Nasdaq also tumbled. The CBOE Volatility Index, widely considered the best gauge of fear in the market, surged over 20 percent to trade near 40. All 10 S&P sectors were sharply lower, led by techs and banks. On the economic front, factory activity in the U.S. Mid-Atlantic region plunged to minus 30.7 in August, hitting its lowest level since March 2009, according to the Philadelphia Federal Reserve Bank. Economists had expected for positive 3.7, according to a Reuters survey. more
Wall Street Targeted For Britain-Style Riots: In the wake of Britain’s riots, a group of American radicals are planning a “Day of Rage” targeting Wall Street and U.S. capitalism. The upcoming protests, replete with a planned tent city in downtown Manhattan, is closely tied to the founders of ACORN and leaders of major U.S. unions, including the Service Employees International Union, or SEIU. There are indications the protesters are training to incite violence, resist arrest and disrupt the legal system. more
Gold & Silver: Full Spectrum Dominance: Gold and Silver have emerged in the last 12 months as the dominant asset group. They led the entire 2000 decade, still gathering disrespect. They do not require respect from the Wall Street and London crowd. They serve as effective protection during the slow motion crumbling process to the global monetary system. The sovereign bond crisis has circled the peripheral nations, rendered its wreckage, and is working toward the center where the USTBond and UKGilt reside (worried). Italy and Spain are squarely in the crosshairs for financial assaults, but France and the United States lie closer to the core of Western nation sacred debt territory, soon to become sacred burial grounds. more
Power Cuts Threat As Sun Storm Hits Earth: A huge mass of electrically-charged particles thrown out by a gigantic eruption on the Sun is due to strike the Earth tonight. Scientists expect it to trigger one of the most violent geomagnetic storms ever recorded. The result could be widespread power surges and even blackouts, disrupted TV and mobile phone signals, and broken down communication satellites. At the same time the Northern Lights, normally confined to polar latitudes, may produce dazzling displays in the skies above southern Britain. more
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