The Daily World Affairs Report: The Daily WAR (07-04)

We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days.

During the past week, we have tipped over the edge, into the middle of the abyss. Systemic collapse is in full train. We are fast approaching the point of no return. The only way out of this calamitous descent is "shock and awe" on a global scale, and even that may not be enough.

Still on the edge of the abyss

Worst-case scenerio is approaching rapidly

Bailout passes, but meltdown continues

Euro, pound tumble as Europe's banks falter

Dollar has surprising muscle

Fed pumps billions more into banks

Fed may lend to companies, states as next crisis fronts

The bailout of abominations

US consumers tighten belts

Oil dips below $90

MISC

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* "Here I have to reveal a trade secret, which punctures the mystique of intelligence analysis. Generally speaking, 80% of the information one needs to form judgments on key intelligence targets or issues is available in open media."

* "In his usual form, former UN weapons inspector Scott Ritter told a packed crowd to stop whining about corporate media and become their own intelligence operatives. We the people have the same resources and tools that intelligence networks rely heavily on; it's called 'Google.' As our own intelligence operatives we can't allow CNN, FOX, NBC, and ABC to edit and cherry pick information, but ask questions and find the answers ourselves."

* "Many apparently separate developing daily events don't make the slightest sense, if you don't look at them in their strategic context. In the face of Orwellian control of the media, it is even more necessary, to judge contemporary developments with the eye of an historian, who has not forgotten the lessons of [history]."

Monday

The Daily WAR (07-04)