Jim Rogers Predicts Bigger Financial Shocks

VANCOUVER, B.C. – The U.S. financial crisis has cut so deep – and the government has taken on so much debt in misguided attempts to bail out such companies as Fannie Mae (FNM) and Freddie Mac (FRE) – that even larger financial shocks are still to come, global investing guru Jim Rogers said in an exclusive interview with Money Morning.

Indeed, the U.S. financial debacle is now so ingrained – and a so-called “Super Crash” so likely – that most Americans alive today won’t be around by the time the last of this credit-market mess is finally cleared away – if it ever is, Rogers said.

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The CCTV cameras spying on hundreds of classrooms

CCTV monitors classrooms at one in 14 schools, according to a survey.

The poll of teachers also found that almost a quarter feared there might be more cameras hidden around the campus that they did not know about.

Most said their schools were fitted with surveillance cameras. Almost 80 per cent said there were cameras at the entrance and more than 7 per cent said there were some in classrooms.

Nearly 10 per cent of teachers polled by the Association of Teachers and Lecturers said there were cameras in the lavatories.


Big brother is watching you: One in 14 schools is monitored by CCTV

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US food prices to post biggest rise since ’90, says USDA

WASHINGTON, Aug 20 (Reuters) – U.S. consumers should brace for the biggest increase in food prices in nearly 20 years in 2008 and even more pain next year due to surging meat and produce prices, the Agriculture Department said on Wednesday.

Food prices are forecast to rise by 5 percent to 6 percent this year, making it the largest annual increase since 1990. Just last month, USDA forecast food prices would climb between 4.5 and 5.5 percent in 2008.

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Russian Aircraft Carrier heads for Syria

The Russian aircraft carrier “Admiral Kuznetsov” is ready to head from Murmansk towards the Mediterranean and the Syrian port of Tartus. The mission comes after Syrian President Bashar Assad said he is open for a Russian base in the area. The “Admiral Kuznetsov”, part of the Northern Fleet and Russia’s only aircraft carrier, will head a Navy mission to the area. The mission will also include the missile cruiser “Moskva” and several submarines, Newsru.com reports.

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Bush’s Dirty Little Medicare Secret

We already know about the lies orchestrated by the White House to justify the invasion of Iraq . But there is a bigger secret that has not yet hit the mainstream media. And it probably never will until it’s too late. Those of you who read my book already know about it because I discuss it at length. For those of you who haven’t had a chance to read America’s Financial Apocalypse , I’m going to expose this secret now.

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Russia may arm Baltic fleet with nuclear warheads, says report

New Russian threat comes in response to war in Caucasus, US-Poland deal for missile defense shield in Europe. According to Sunday Times, nuclear warheads could be supplied to submarines, cruisers and fighter bombers of Russia’s Baltic fleet based between Poland and Lithuania

Cold War warming up? Russia is considering arming its Baltic fleet with nuclear warheads for the first time since the cold war, the London-based Sunday Times has reported, quoting senior military sources.

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Large U.S. bank collapse seen ahead, says ex-IMF chief economist

SINGAPORE (Reuters) – The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world’s biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday.

“The U.S. is not out of the woods. I think the financial crisis is at the halfway point, perhaps. I would even go further to say ‘the worst is to come’,” he told a financial conference.

“We’re not just going to see mid-sized banks go under in the next few months, we’re going to see a whopper, we’re going to see a big one, one of the big investment banks or big banks,” said Rogoff, who is an economics professor at Harvard University and was the International Monetary Fund’s chief economist from 2001 to 2004.

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Are You Ready For Nuclear War?

By Paul Craig Roberts

Pervez Musharraf, the puppet installed by the US to rule Pakistan in the interest of US hegemony, resigned August 18 to avoid impeachment. Karl Rove and the Diebold electronic voting machines were unable to control the result of the last election in Pakistan, the result of which gave Pakistanis a bigger voice in their government than America’s.

It was obvious to anyone with any sense–which excludes the entire Bush Regime and almost all of the “foreign policy community”–that the illegal and gratuitous US invasions of Afghanistan and Iraq, and Israel’s 2006 bombing of Lebanon civilians with US blessing, would result in the overthrow of America’s Pakistani puppet.

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SAN FRANCISCO: Weapons of mass destruction multi-agency exercise

Preparing for an urban WMD attack


On Saturday, the San Francisco Fire Department, along with a group of other public and private agencies, ran a large-scale training exercise revolving around an urban weapons of mass destruction terrorist attack. Here, an emergency worker in a full hazmat suit examines the faux chemical that was supposedly found in the attack, which was said to be sodium cyanide, a poison that quickly affects peoples respiratory systems. On the ground behind, volunteers playing the role of dead victims lay prone. (Credit: Daniel Terdiman/CNET News)

SAN FRANCISCO – “Weapons of mass destruction multi-agency exercise.”

If I’ve ever covered an event with a more stark title, I can’t think of it.

But there I was Saturday morning, along with several hundred firefighters, police officers, Army National Guard personnel, and members of other local, state, and federal agencies for a large-scale exercise designed to help train all these emergency responders how to deal with a major terrorist attack involving suspected chemical weapons or other bio-hazards.

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License Plate Readers To Be Used In D.C. Area

Detective Charles Baker of the Charles County sheriff's office checks data from two cameras installed atop his cruiser that scan license plates.
Detective Charles Baker of the Charles County sheriff’s office checks data from two cameras installed atop his cruiser that scan license plates. (By James A. Parcell For The Washington Post)

Authorities plan to install about 200 automated license plate readers on police vehicles and alongside roads in the Washington area to thwart potential terrorist attacks, dramatically expanding the use of a high-tech tool previously aimed at parking scofflaws and car thieves.

Top homeland security officials from Maryland, Virginia and the District agreed last week to spend $4.5 million on the new system, officials said Friday. The funds will come from a $59.8 million federal homeland security grant for the D.C. area announced last month. That grant also will be used to outfit police with radiation detectors, improve hazmat and bomb squads and provide equipment to hospitals, officials decided.

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