US proportion of world GDP

America’s slice of the world economy is 32% smaller than it was a decade ago, and getting smaller every day.

All your retirement savings are belong to us:

It may be time to take the tax hit and withdraw funds from private retirement accounts before they are forced into long term T-bonds.

The Obama administration is reportedly quickly moving on plans to nationalize private 401k and IRA retirement accounts, and replace them with government sponsored annuities(aka Treasury bonds that the Treasury currently can’t sell to anyone but the Fed).

US PER CAPITA DEBT NOW 35% HIGHER THAN GREECE

CHART OF THE DAY: US PER CAPITA DEBT NOW 35% HIGHER THAN GREECE

MR.PANOS explains GREECE

Greek Parliament passes new austerity package with tiny majority

Ekathimerini Thursday November 8, 2012

Before the party leaders’ speeches there had been a different type of drama in Parliament. Finance Minister Yannis Stournaras>>>>> retracted a proposed amendment to include parliamentary employees in cuts to civil service salaries, after the employees threatened to strike, though he said the bill would be resubmitted.

LIVE CAM--Greece: Huge protest in Syntagma Square against austerity to be voted on today

Watch live streaming video from stopcarteltvgr at livestream.com

Here's a bunch of links for following the US electionU

US election coverage links

China power structure: an interesting chart

Here is an interesting chart produced by Goldman Sachs:

Bahrain bombs mark escalation in tensions

Bomb attacks in busy area

"The incident was the first since the height of antigovernment protests last year in which coordinated bombs have been planted in busy areas of the capital. ... The attacks came less than a week after a ban by the government on all protest gatherings, a move that drew widespread international criticism, including from the US."

Swiss organization promoting gold currency

www.goldfranc.org

MARTIAL LAW DECLARED IN SEASIDE HEIGHTS, NJ

In the wake of the devastating Hurricane Sandy,numerous reports tonight indicate that Martial Law has been declared in Seaside Heights, NJ and surrounding towns . Large portions of NJ remain without power, and many NJ police departments are reportedly beginning to run out of gas. The situation appears to be rapidly deteriorating for much of the NJ coast.