What Really Happened Today:
In FTW's fourth and last Economic Alert (http://www.fromthewilderness.com/free/ww3/061406_abyss_awaits.shtml) -- just 11 days before our offices were burglarized on June 25, 2006 -- I specifically warned that this day (metaphorically speaking) would come. What prompted that alert was an unprecedented move by President George W. Bush to give the National Director of Intelligence, John Negroponte, the authority to exempt "certain" Wall Street firms and banking giants from reporting their financial records to the Securities and Exchange Commission. It was this move which permitted everything that has happened over the last month. That move allowed smaller banks and investors to continue buying pigs (without lipstick) in a poke while average Americans were led to believe that everything was OK. If you don't believe me, go read the Economic Alert for yourself. It's all right there -- everything...
Just a few days ago China ordered its banks to stop lending to U.S. banks.