Fraud Upon Fraud – Scandals To Eternity? - 07/09/12

The Wake Up Call show

Summary: Barclays plays fast-and-loose with interest rates. Zero Hedge tells us this is the greatest threat to life as we know it. I’m not convinced. This is a red herring. Putting the real economic problems into perspective by focusing on the debt-to-GDP ratio. We have long since passed the point-of-no-return. How the minor panic of 1929 became the Great Depression and the eerie similarities this time around. Why there are no solutions to the European problem. U.S. business leaders’ confidence has collapsed. 160 prominent German economists have dug their heels in: no concessions to profligate southern European countries! Duke Energy CEO pockets $44.4 million after 24 hours on the job. Jeremy Grantham’s past predictions (accurate) and what he is saying now