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High Gas Prices May Turn Suburbs Into Slums
Americans rarely think much about zoning, but it governs almost every facet of how we live our lives. And unintended consequences of 50-year-old zoning codes may be about to turn some of our loveliest and quietest suburbs into the next slums.
Why? Simply because they’ve been built too far away from everything else, and we won’t be able to afford the gasoline it takes to go to and fro.
Suburbs: slums of the future?
At least, that’s the provocative conclusion of Peter Newman, one of the authors of a study released by the Planning Institute of Australia late last year.
The study looks at the future of suburban Australia, which has evolved in patterns very much like suburban America: sprawling, low-density, auto-dependent residential enclaves miles away from commercial areas and office parks.
“Urban sprawl is finished,” Newman told The Age. “If we continue to roll out new land releases and suburbs that are car-dependent, they will become the slums of the future.”
Following World War II, with the rise of affordable automobiles, cheap fuel and an increasingly Read more…
Household wealth down 23% in 2 years – Fed
By Charles Riley, staff reporterMarch 24, 2011: 4:04 PM ET
NEW YORK (CNNMoney) — The average American family’s household net worth declined 23% between 2007 and 2009, the Federal Reserve said Thursday.
A rare survey of U.S. households, first performed in 2007 but repeated in 2009 in order to gauge the effects of the recession, reveals the median net worth of households fell from $125,000 in 2007 to $96,000 in 2009.
Titled “Surveying the Aftermath of the Storm,” the report offers a broad look at how the financial crisis impacted individual households.
It is widely known that the 2008 financial crisis resulted in the vaporization of trillions Read more…
Secretive Plan For a Global Currency
Excerpt from “The Global Economic Crisis: The Great Depression of the XXI Century”
Michel Chossudovsky
Andrew Gavin Marshall (editors)
Help us get the word out, “like” the book on Facebook, comment, and share with friends!
Towards a New Global Currency?
Is the Group of Twenty Countries (G20) envisaging the creation of a Global Central bank? Who or what would serve as this global central bank, cloaked with the power to issue the global currency and police monetary policy for all humanity? When the world’s central bankers met in Washington in September 2008 at the height of the financial meltdown, they discussed what body might be in a position to serve in that awesome and fearful role. A former governor of the Bank of England stated:
The answer might already be staring us in the face, in the form of the Bank for International Settlements (BIS)… The Read more…
Tsunami of Inflation to Hit U.S. with Japan Crisis
The earthquake, tsunami, and nuclear disaster that hit Japan this past week and the destruction that it caused is nothing compared to the tsunami of inflation that will soon hit the U.S. as a result of this crisis. A tsunami of inflation in the U.S. will mean a complete collapse of our monetary system, which could lead to millions of deaths due to a lack of food and heat. 44 million Americans are now dependent on food stamps, but when the U.S. dollar becomes worthless as a result of hyperinflation, the government will no longer have the power to support these Americans and many of them will simply starve to death.
Japan’s citizens were smart enough to save up $885.9 billion in U.S. treasuries to spend in a situation like it finds itself in today. The U.S. has no such savings and is the world’s largest Read more…
Central Banks Dump Treasuries As Dollar’s Reserve Currency Status Fades
Official inflows vs total reserve accumulation – Nomura
Demand for US assets, especially Treasuries, has been waning since the beginning of 2011, with central banks around the world increasing reserve accumulation while dumping the greenback. More signs that the dollar is dead as the world’s only reserve currency?
Nomura’s FX research and strategy team analyzed the latest numbers from the Treasury’s International Capital System. “It looks like the trend of weak central bank demand for USD assets is persisting into 2011 (after a very weak Q4),” wrote Nomura’s global head of G10 FX strategy, Jens Nordvig in an email. From November to January, central banks reduced their US dollar holdings by $9 billion; “given a fairly strong trend in global reserve accumulation Read more…
F.D.I.C. Approves ‘Too Big to Fail’ Plan
A top banking regulator approved a plan to seize and unwind big banks — a proposal that will help address those “too big to fail” firms whose collapse could imperil the financial system.
The board of Federal Deposit Insurance Corporation voted unanimously on Tuesday to approve a set of proposed rules intended to create an orderly process to unwind large financial institutions. The rules outline how creditors can file a claim and how those claims will be addressed, hopefully bringing some clarity to a previously murky situation.
The vote moves the proposal into a 60-day public comment period, after which the agency will have to settle on final rules. The rule would apply to big banks, financial firms and large nonfinancial companies that pose a systemic risk to the broader economy.
“Today’s action is another significant step toward leveling the competitive playing field and enforcing market discipline on all financial Read more…
The Rule of Gold after the Financial Collapse
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“You can own silver and gold but never any fiat currency issued by someone else”
Peter Cajander
 In a secular world, the operative “Golden Rule” is “He Who Has the Gold Makes the Rules”. The condition of the global financial banking system is untenable. The aggregate amount of debt worldwide is anyone’s guess. The introduction of derivatives and counter claims pushes the chain of obligations into the unknown. All that is left is for central banks to create mountains of uninterrupted counterfeit money to roll over and delay the inevitable. The IMF chart of World Currency Reserve is a skyrocket line to oblivion. It does not reflect a healthy stockpile of treasure, but certainly manifests a new debt machine running to infinity. The Bullion Vault explains this reality in the following manner.
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US could tap oil stockpiles as prices rise: Obama
WASHINGTON (AFP) – President Barack Obama on Friday said he had “tee-ed up” moves to tap emergency US oil stockpiles, as Middle East violence pushed up gas prices for hard-hit US consumers.
Trying to tamp down concern that oil prices will continue to rise on Middle East unrest, Obama said he was willing to make a rare move to open the strategic reserve, but not yet.
“We are going to try to do everything we can” to stabilize the market, Obama said.
“Everybody should know that should the situation demand it, we are prepared to tap the significant stockpile of oil that we have in the strategic petroleum reserve.”
With Americans struggling with Read more…
Utah Legislature backs gold as legal tender
The Senate gave final approval Thursday to a bill taking the first step to recognize gold and silver as legal tender in the state.
It voted 16-7 to pass HB317, and sent it to Gov. Gary Herbert for his signature.
The measure would recognize as legal tender gold and silver coins issued by the federal government — not just their face value, but also their value in gold and silver or to a collector.
It would not require anyone to accept them, however, but make it an option. It also would exempt sales of such coins from capital gains tax. It also would order the state to study whether Utah should establish an alternative form of legal tender, such as one backed by silver and gold.
“It will put some pressure on the federal government. That’s the goal here because Read more…
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