US$ INDEX
DOLLAR DECEPTION
How Banks Secretly Create
Money
THE GOVERNMENT OWNS IT
"ALL" BY INVESTMENT
Smile Comrade, it could be worse? Or could it?
Secrets of the Federal Reserve &
The Fiat Money System
NAFTA's
Downsides
Tampa Tribune, FL
Example: The North American Free Trade Agreement "NAFTA." This trade agreement
sharply lowered tariffs and investment barriers among the three countries: ...
A Mexican view of US
immigration debate MiamiHerald.com
all
2 news articles »
Cant pin
NAFTA on Bush
Youngstown Vindicator, OH
Maybe she forgot that it was her husband who signed the NAFTA agreement, not George W.
Bush. Remember the warning about that giant sucking sound would be ...
Mexican Farmers Protest NAFTA
Hardships
People's Democracy
... farmers are angry about Calderon's refusal to heed their demand to renegotiate
agricultural clauses of the North American Free Trade Agreement (NAFTA). ..
Obama
criticizes Clinton on NAFTA
United Press International
"I didn't just start criticizing unfair trade deals like NAFTA and China because I
started running for president," Obama said, referring to the North ...
In
Mexico, old US cars find new homes
Los Angeles Times, CA
Things changed in summer 2005 as the Mexican government was gearing up to meet its NAFTA
obligations. That trade deal requires Mexico to begin opening its ...
More
old US cars going to Mexico United Press International
Mexico
a thriving market for smoky old US cars Newsday
all
12 news articles »
Bill Clinton Continues
Double-Edged Role on Campaign Trail
FOXNews
But Clinton's economic legacy, particularly on NAFTA, could also pose a problem for
Hillary Clinton. Blue-collar Ohio Democrats see NAFTA as the cause of ...
Obama's
Disappointing Trade Shift
New Republic (subscription), DC
This is disappointing in large part because Obama's 2005 op-ed opposing CAFTA is a model
of responsible populism. Obama explained carefully that he was ...
No
NAFTA Trucks on our Highways!
Food Consumer, IL
By Public Citizen The administration is continuing its push to expand the NAFTA trucking
program -- the controversial "pilot program" giving Mexico-based ...
Obama's
misleading NAFTA attack
Boston Globe, United States
Ohio blogger Jeff Coryell has posted images of a flier he received in the mail from Barack
Obama slamming Hillary Clinton over NAFTA, a direct appeal to ...
NAFTA
OR FTAA OR CAFTA - Google News
Leading Economic Writer:
Financial Meltdown A "Gigantic Fraud"
Banks face "new world order," consolidation: report
Bear Stearns Rescue Is `Finger in Dike,' Scholars Say
IMF, OECD hit alarm buttons for crisis-hit global financial
system
Welcome to the Future: The Second Great Depression
Who Traded 55,000 Bear $30 Puts Tuesday?
Stocks Mixed After
Bear Stearns Deal
Currency Strategists Warn of Intervention to Salvage U.S.
Dollar
IMF chief says contagion risk very high
Greenspan:
Economy Worst Since World War 2
Turning Point For The Dollar?
Dollar sells off after Fed's emergency measures
NZ
market hit by US meltdown
Oil
plummets on economy worries
Housing
Predictor: Economy on the Edge of Depression
Not Just
Recession, Clinton Appointee Talking 'Depression'
U.S.
Futures, Global Stocks, Dollar Decline After Fed Cuts Rate
Dollar's nosedive
stirs joint intervention jitters
Dollar
Doomsayers Draw Signs From Bernanke Rate Cuts
Treasury
Secretary refuses actions to strengthen dollar
Pound Slumps to
Record Versus Euro After Fed Cuts Discount Rate
Bernanke
Saves Bear Stearns While Americans Live In Tents
Fed acts Sunday to
prevent global bank run Monday
Dollar
dives to near 13-year low vs. yen
Global market
panic sparks more gold buying, bullion near record
How bad is the
mortgage crisis going to get?
Oil Nears $110 a Barrel
The
grim reality of economic truths
Why the US has really gone broke
Largest
U.S. Underground Welfare State
To Die
For NAFTA
Professor:
Big Money Behind Global Warming Propaganda
New Proposals To Fight Global Warming
Would End Civilization, Kill Billions
Sorting Through the
Rubble in Post-Bubble America
Billionaire
Investor Sees Bank Failures Ahead
Will
You Survive The Coming Financial Crash? (pdf)
The YELLOW BRICK ROAD TO ARMAGEDDON
Aubie Baltin CFP. CTA, CFA, Phd. (retired)
Both the Economy and Stock Markets are unfolding, almost as if on cue to the play I
have been writing during the last year or so. I am not sure whether to be happy or sad as
more and more analysts begin to see the dangers that lie beneath the surface and recognize
the far reaching effects of the problems You may recall that I was always kind of hoping
that this time I would be completely wrong. While its nice to get a little company
after standing alone; I am sure we would all rather be wrong than have to bear witness to
whats coming.
Why did Bernanke cut the Fed Funds rate by an unprecedented inter-meeting 75bps, followed
two weeks later by another 50bps? The flow of bad news in December to mid-January did not,
by itself, justify such radical action. In order to understand these moves, one has to
read between the lines and ignore the Pollyannish babbling of our Media, Politicians and
Financial pundits and look instead at the rising probability of a "Catastrophic"
financial and economic collapse (1930s type depression). It now looks like the Fed
is seriously worried about the risks, the likes of which have not been seen since the
1930s. After a year in which the FED and the Treasury were underplaying the economic
and financial risks The FED has been pressured into taking a very aggressive, wrong
headed, Keynesian(Socialist) approach to risk management. To understand the risks that the
financial system is facing, let us examine the "nightmare" scenario that
financial officials around the world have suddenly become aware of and which can no longer
be swept under the rug. MORE
PROTOCOLS FOR ECONOMIC COLLAPSE IN AMERICA
by Al Martin
And this is how the U.S. Treasury would handle an economic collapse. It's called the 6900
series of protocols. It would start with declaring a force majeure, which would
immediately be interpreted by the marketplaces as a de facto repudiation of debt. Then the
SEC and the various regulatory exchanges would anticipate the market's decline, hour by
hour -- when Japan's markets opened the next day, what would happen when the European
markets, and all the inter- linkages of the global markets. On the second day, US Special
Forces would be dropped in by parachute in the cities where the twelve Federal Reserve
district banks are located.
The origin of these protocols comes from the Department of Defense. This is contingency
planning for a variety of post-collapse scenarios. Those scenarios would include,
obviously, military collapse, World War III, in other words, and its aftermath. What we're
talking about now is aftermath -- how the aftermath would be handled.
Economic collapse scenarios were always premised on the basis of a US declaration of force
majeure on debt service. It's a very extensive scenario. The scenarios are all together,
i.e., military, economic, political and social complete destabilization leading to
collapse. Then they break down individual scenarios. In the economic collapse scenario,
the starting point would be the United States Treasury declaring a force majeure on debt
service, which is de facto repudiation, and that's how it would be interpreted by the
world's capital marketplaces. MORE
Crisis
of the World Financial System: The Financial Predators had a Ball
F. William Engdahl
Global Research
February 23, 2008
Colossal Collateral Damage
The multi-trillion dollar US-centered securitization debacle began to unravel in June 2007
with the liquidity crisis in two hedge funds owned by Bear Stearns, one of the
worlds largest and most successful investment banks. The funds were heavily invested
in sub-prime mortgage securities. The damage soon spread across the Atlantic to a
little-known German state-owned bank, IKB. In July 2007, IKBs wholly-owned conduit,
Rhineland Funding, had approximately 20 billion of Asset Backed Commercial Paper
(ABCP). In mid-July, investors refused to rollover part of Rhineland Fundings ABCP.
That forced the European Central Bank to inject record volumes of liquidity into the
market to keep the banking system liquid.
Rhineland Funding asked IKB to provide a credit line. IKB revealed it didnt have
enough cash or liquid assets to meet the request of its conduit, and was only saved by an
emergency 8 billion credit facility provided by its state-owned major shareholder
bank, the Kreditanstalt für Wiederaufbau, ironically the bank which led the Marshall Plan
reconstruction of war-torn Germany in the late 1940s. It was soon to become evident
to the world that a new Marshall Plan, or some financial equivalent, was urgently needed
for the United States economy; however, there were no likely donors stepping up to the
plate this time. MORE
"History
records that the money changers have used every form of abuse, intrigue, deceit, and
violent means possible to maintain their control over governments by controlling the money
and its issuance." - James Madison
Bank Failures? No big
deal, says CNN
Banking experts say there is one thing that will
save your money if your bank goes under. Thats FDIC insurance. Its the
gold standard, says banking consultant Bert Ely. The FDIC has ample resources.
Its never been an issue, he says
Ron Paul and Tax Terrorism
Dr. Paul wants to go directly for the
jugular of the REAL terrorists in America - the IRS and the Federal Reserve!
"Terrorism" is a very apt description because the operation and success of the
IRS are based almost entirely on fear. Make no mistake about it: the IRS has repeatedly
proven its ruthlessness. Abuses by the IRS have been widely publicized, recently very
notably in the documentary film "America - Freedom To Fascism" by the late Aaron
Russo.
The World's Growing
Food-Price Crisis
Soaring
prices of staples which have risen about 75% since 2005, driven by growing demand,
rising oil prices and the effects of "global warming"(sic) have sparked
riots in several countries, as people reel from sticker shock and governments scramble to
feed their people. Note:This food shortage was planned by the international banksters as
they accelerate their planned geneocide to depopulate the earth.
Ron Paul's Statement on
Monetary Policy and the State of the Economy
Price controls are almost
universally reviled by economists. The negative economic consequences of price floors or
price ceilings are numerous and well-documented. Our current series of hearings have been
called to discuss the most important, but least understood, price manipulation in the
world today: the manipulation of the interest rate.
Traitor Greenspan Urges Gulf
States To Abandon Dollar
Alan
Greenspan has again exposed himself as a traitor working against the interests of the
American people by urging Gulf states to abandon the dollar peg, a move that could result
in financial chaos and an economic depression in America.
Moneychangers destroying
America -Christians don't see it
It is modern moneychangers
who bully and bribe our spineless and greedy politicians (from both parties) into passing
so-called "free trade" deals such as NAFTA, CAFTA, and the FTAA, which have all
but destroyed America's manufacturing base and have put millions of American workers out
of their jobs. It is the moneychangers who are the driving force behind the burgeoning
North American Union, which sacrifices America's national sovereignty and independence.
Bank Losses "Grossly
Underestimated", "Fundamentals Rapidly Deteriorating"
The
rate of loan losses is ``grossly underestimated by consensus estimates'' at Citigroup and
other U.S. banks, Whitney wrote. ``Core fundamentals are rapidly deteriorating.'' She cut
her per-share prediction for 2008 earnings by more than 70 percent to 75 cents. The New
York-based company's shares could fall more than 36 percent to less than $16, she wrote.
Attorney Michael Minns Beats
IRS, Again
Two innocent and patriotic
citizens dodge 64 IRS lethal bullets in a triumph for justice and the American way.
James and Pamela Moran, facing a possible 180 combined years of incarceration were found
not guilty by a jury of their peers on all 64 charges of an indictment in a Federal
Courtroom.
J.P. Morgan To Buy Bear Stearns
For $2 A Share
J.P.
Morgan Chase & Co. is buying battered broker Bear Stearns Cos. for $236 million in a
Federal Reserve-backed bailout unprecedented in scope and execution. The Federal Reserve,
which cut the discount rate in a coordinated move with its announced backing of the deal
Sunday evening, is taking the extraordinary step of providing special financing in
connection with this transaction.
The Implosion is Accelerating,
Prepare While You Can
National Guard
units are training and preparing for urban combat. The United States has just reached an
agreement with Canadas armed forces to come in to this country and assume combat
roles should they be needed in American cities and towns. The Federal Reserves last
ditch effort to stem the blood loss in the sub-prime and other currency
markets has failed. The dollar has been abandoned for Euros. The stock market cant
find its ass with both hands and a Chinese made, Wal-Mart sold ass finder. Israel has
demanded that all of the financial aid it receives from Washington (thats us) be
paid for in Euros. The ultimate irony and slap in the face. Oil, dairy, wheat, wheat
products, gold, silver, copper prices, the list goes on and on, are racing for the
stratosphere with no end in sight. An implosion has begun and it has no known method of
stopping or reversing until critical mass is reached. It will be followed by an explosion
in the economy and the political realm unseen since the founding of this nation.
Welcome To The Second Great
Depression
Last Friday we got a taste of what
the future is likely to be like as we make our way further into the belly of the second
great depression. The Fed rushed to bail out a venerable Wall Street institution, which
was rumored to be insolvent. Sunday evening, that rumor was confirmed to be true, as Bear
Stearns agreed to sell itself to JP Morgan for a paltry $2 per share. Two dollars! This
for a firm that was trading at $170 just over a year ago, and was as high as $54 just
Friday! If Bear Stearns is only worth $2 per share, how can we possibly say with any
confidence what other "investment banks" are worth?
Gold futures push past $1,000
Gold
prices are skyrocketing to record highs above $1,000 (U.S.) an ounce. The sharp rise is
being driven by a faltering U.S. economy and struggling greenback, leading wary investors
to pile into gold in search of a hedge against inflation. Strategists are divided on
whether the precious metals bull run has gotten ahead of itself, with some
predicting a correction and others calling for gold to hit $2,000 an ounce, or more, in
the next year.
Carlyle Hedge fund on verge of
collapse
Carlyle Capital
Corporation (CCC), a unit of the private equity firm Carlyle Group, has said it will not
be able to meet lenders' demands for money.
Corporate Media Snowjobs Dollar
Crisis
CNN
has echoed the Bush administration's snowjob policy on the dollar crisis by ludicrously
citing "experts" who claim that the unprecedented plunge of the greenback is
"not necessarily a bad thing for the U.S. economy."
Wheat Fungus Could Cause Mass
Starvation
Epidemic of world
hunger looming, new research shows. That's because Cyclone Gonu blew a wheat fungus out of
Africa and toward the Asian breadbasket, speeding by an estimated two years the spread of
the devastating crop disease, called Ug99.
Expert Fears Dollar Crash As
Greenback Hits New Lows
Underscoring
how the administration has lost all traces of credibility, President Bush's bumbling
attempt to lend the ailing greenback some strong rhetorical support only backfired,
preceding a new all time low against the Euro, while one expert expressed fears of a
complete dollar crash.
Meltdown Looms Larger as Credit
Markets Freeze
"It's another
round of the credit crisis. Some markets are getting worse than January this time. There
is fear that something dramatic will happen and that fear is feeding itself," Jesper
Fischer-Nielsen, interest rate strategist at Danske Bank, Copenhagen; Reuters
Expert Fears Dollar Crash As
Greenback Hits New Lows
Underscoring
how the administration has lost all traces of credibility, President Bush's bumbling
attempt to lend the ailing greenback some strong rhetorical support only backfired,
preceding a new all time low against the Euro, while one expert expressed fears of a
complete dollar crash.
Campaign Warns Of "Economic
Disaster" If Climate Policies Are Followed
A
national media campaign launched this week warns that following global warming policies
would "spell economic disaster" in the United States and "would mean
misery, starvation and death on a massive scale" for people in less developed
countries.
Dollar Declines on Speculation
Fed Rescue Package Won't Succeed
The
dollar fell against the euro and the yen on speculation the Federal Reserve's plan to
provide funds to banks won't be enough to break the gridlock in money- market lending and
stem credit losses.
September 2008 Collapse Of US
Real Economy
The end
of the third quarter of 2008 will be marked by a new tipping point in the unfolding of the
global systemic crisis. At that time indeed, the cumulated impact of the various sequences
of the crisis will reach its maximum strength and affect decisively the very heart of the
systems concerned, on the frontline of which the United States, epicentre of the current
crisis. In the United States, this new tipping point will translate into a collapse of the
real economy, final socio-economic stage of the serial bursting of the housing and
financial bubbles and of the pursuance of the US dollar fall. The collapse of US real
economy means the virtual freeze of the American economic machinery: private and public
bankruptcies in large numbers, companies and public services closing down massively.
The Long Slide Ahead
That Almighty
Dollar you used to hear about is heading straight towards the scrap heap of junk
currencies (think Ruble, Rupee, Lira, Escudo). Several decades of foolishly voting for
charlatan politicians, who assured us we could rule the world as we saw fit with a
military whose costs were greater than the rest of the worlds armies combined, and
who assured us we didnt need to pay for our wars and our military might because we
could just borrow money to keep the government running, have finally run us up against a
wall.
Dollar dives as Fed rate cut eyed
The
dollar slipped against the euro Monday, but traded above the all-time lows from last week
when investors recoiled from dire U.S. jobs figures.
Oil roars to record over $108 on
weak dollar
Oil
shot to a record over $108 a barrel on Monday, extending a rally led by investors seeking
a hedge against the tumbling dollar and inflation.
More Leading Economists Say US Is
Now In Recession
More
leading economists have conceded that the US economy is now in recession after figures,
released on Friday, revealed a second successive monthly fall in employment.
Rush for biofuels threatens
starvation on a global scale
We can end climate
change with biofuels but this will lead to starvation and population reduction, sort
of the way our rulers planned it all along
Gulf investors may not save
Citigroup, Dubai executive says
Sameer
Al Ansari, Chief Executive of Dubai International Capital told delegates at a private
equity conference that it will take more than the combined efforts of the Abu Dhabi
Investment Authority, the Kuwait Investment Authority and Saudi investor Prince Alwaleed
bin Talal to save the bank.
The U.S. Dollar Is Being
Destroyed
The U.S. Dollar is being destroyed
through inflation and those who own precious metals will be rewarded as precious metals
serve as a fantastic defense against the criminal central bankers that set these criminal
policies
Gold powers to record on oil,
eyes $1,000
Gold
powered to a new high near $980 an ounce on Friday after crude oil set an all-time high of
above $103 a barrel, igniting inflation worries and another round of buying from investors
and speculators.
The Anti-Gold Standard Gospel
According to Barron Smith
Barron
Young Smith is a financial journalist whose piece What Would Happen If We Adopted the Gold
Standard? is appended below. He describes Ron Paul's campaign to restore Constitutional
money in the U.S. as being "populist". He adds insult to injury in saying that
"Ron Paul... is on a crusade to resurrect a great symbol of Wall Street-Washington
dominance over the individual".
Bernanke: You are all
Dead Ducks
Banks are battered by subprime liabilities,
housing is in the tank, manufacturing is down, food and energy are up, unemployment
rising
All thats missing is a trumpet blast and the arrival of the Four
Horseman.
Gold hits record high on tumbling
dollar, firm oil
Gold
surged to a record high above $960 on Wednesday as investors poured money, spurred by a
plummeting dollar and oil rising above $102 a barrel.
Traitor Greenspan Urges Gulf
States To Abandon Dollar
Alan
Greenspan has again exposed himself as a traitor working against the interests of the
American people by urging Gulf states to abandon the dollar peg, a move that could result
in financial chaos and an economic depression in America.
Bank Losses "Grossly
Underestimated", "Fundamentals Rapidly Deteriorating"
The
rate of loan losses is ``grossly underestimated by consensus estimates'' at Citigroup and
other U.S. banks, Whitney wrote. ``Core fundamentals are rapidly deteriorating.'' She cut
her per-share prediction for 2008 earnings by more than 70 percent to 75 cents. The New
York-based company's shares could fall more than 36 percent to less than $16, she wrote.
Middle Class May Be Subject To
Food Rations, Warns UN
The
UN is warning of a food shortage crisis and drawing up plans for food rations which will
hit even middle-class suburban populations as inflation and economic uncertainty causes
the prices of staple food commodities to skyrocket.
Gold nears $1,000 as stagflation
fears grow
Gold
hit a record $953.60 a troy ounce on Thursday as oils move above $100 and inflation
fears provided fresh upward momentum. Fuelling the rally were fears the US economy could
be heading for stagflation after the Federal Reserve published forecasts for lower
growth and higher inflation.
US Self-Employment Plummeting -
Massive Downturn
All forms of
self-employment in the U.S. are in virtual free fall now. Small businesses are failing in
vast numbers creating even more jobless Americans thrust into the quest for the security
of wage- based employment with benefits for themselves and their families.
The fall of the Dollar Empire
The
US economy has grown largely on the back of speculative credit derivatives that have risen
exponentially to $ 35 trillion, which is more than double the size of the entire US
economy! This is an approaching iceberg, and all you've seen (in the sub-prime scandal) is
the tip.
The Great Depreciation - The
Selling Of America
The equation is simple, the
formula is proven and the outcome is predictable: The deeper the Fed cuts rates, the
cheaper it is to borrow money. The cheaper it is to borrow money, the less the dollar is
worth against stronger foreign currencies. The less the dollar is worth, the less it costs
holders of stronger currencies to buy up America. And that's just what they're doing.
Strong currency nations are buying up America like a third world country.
The Great Depression 2008 - It
can't happen to us....can it?
In the 1920s,
Americans consumers and businesses relied on cheap credit, the former to purchase consumer
goods such as automobiles and furniture and the later for capital investment to increase
production. This fueled strong short-term growth but created consumer and commercial debt.
People and businesses who were deeply in debt when price deflation occurred or demand for
their product decreased often risked default. Many drastically cut current spending to
keep up time payments, thus lowering demand for new products. Businesses began to fail as
construction work and factory orders plunged. We are seeing almost to the final
utterance the same play we saw unfold in 1929. Were those folks any more prepared for the
Great Depression than we are today? I'd argue that while they were perhaps a bit better
equipped to provide for their own sustenance that American society in the 1920's was as
complacent as we are today.
Dozens of U.S. banks will fail by
2010
Dozens
of U.S. banks will fail in the next two years as losses from soured loans mount and
regulators crack down on lenders that take too much risk, especially in real estate and
construction, an analyst said. "The initial round of failures will come from smaller
banks with limited access to capital and overexposure to commercial real estate,"
Cassidy said.
Gulf States To Drop Dollar On Fed
Action
Gulf
states including Saudi Arabia and the United Arab Emirates will be forced to revalue their
currency pegs this year following the dollar's declines and the Federal Reserve's
interest-rate cuts, Bear Stearns has said. Five Gulf nations lowered interest rates last
week in step with the US to keep their links to the dollar even as inflation accelerates.
When Saudi Arabia left rates unchanged after the Fed's Sept. 18 reduction, the riyal rose
to a 20-year high.
Iran's Oil Bourse Could Topple
The Dollar
Bush went to the trouble
of traveling half-way around the world to tell the Saudis and their friends in the Gulf
States that they were going to continue linking their oil to the dollar or they were going
to "sleep with the fishes".
Economist: Expect Fed to lower
Dow to 8,000
Consumers
should expect a deep recession, triggered by the "stealth methodology" of the
Federal Reserve to "depress" the market even while lowering interest rates in an
ostensible effort to stimulate economic growth, an economic analyst charges.
US Slides Into 1930s
'Liquidity Trap'
The
United States is sliding towards a dangerous 1930s-style "liquidity trap" that
cannot easily be stopped by drastic cuts in interest rates, Nobel economist Joseph
Stiglitz has warned.
Fear Stalks The Markets
It
did not even take a fall on Wall Street to spook the Federal Reserve into slashing
interest rates by three-quarters of a point on January 22nd; the American markets were
closed for a public holiday the day before. The Fed reacted instead to a slump in global
markets and the prospect, indicated by the futures market, that the Dow Jones Industrial
Average would drop by more than 500 points at the opening.
Half of gold in central banks
gone?
The
Gold Anti-Trust Action Committee, or GATA, claims the Federal Reserve and the U.S.
Treasury are surreptitiously manipulating the country's gold reserves by participating in
undisclosed leases. "Most observers calculate central bank reserves are supposed to
have about 30,000 tons of gold worldwide in their vaults, but we believe the amount of
gold actually there may be more like 15,000 tons," Murphy said. "The rest of the
gold is gone."
Super Tuesday: 'It's the
economy, stupid'
The 24 states
holding primaries in next week's Super Tuesday have lost 1,568,600 manufacturing jobs in
the seven years since President Bush took office, according to statistics provided WND by
the Alliance for American Manufacturing, or AAM.
U.S. slump spreading around
the globe, IMF warns
This
is why globalism is a BAD THING. National borders form a natural barrier to contain
political and economic crisis so that the entire world is not destroyed. National borders
serve the same function as fire-proof doors in a building or watertight bulkheads in a
ship. They contain an incident so that the entire structure is not threatened.
Economic stimulus package:
macabre waltz into the abyss
With two or three
exceptions (Dr. Ron Paul being the stand out), the U.S. House of Representatives,
comprised of useful fools, the functionally illiterate and stinking buzzards, has just
passed another monumental piece of lunacy called an "economic stimulus package."
This $1.5 BILLION dollar shell game will stimulate nothing and let me tell you why.
Helicopter Ben About to Shift the
Confetti Shredder Into Afterburner
Gold nearly hit $900 today. Thanks,
Ben. No, really. Thank you, sir. I keep thinking, I need to diversify and hold a little
USD. Somehow, I dont seem to be getting around to it
And that has been a good
thing, so far. Remember, the number to watch on the U.S. Dollar Index is 74.50. That is
THE support. If that gets taken out, well likely be taking about gold in four
digits, to the left of the decimal place, instead of three. If consumer stocks bounce on
the latest Fed confetti shredder action, lets all work together to draw up a target
list of the most succulent pigs to short/buy puts on to profit from a whipsaw back down.
My logic is that the rate cuts will cause more inflation, making things more difficult for
consumers.
The Bush Dollar Trap
The
first government response to America's sinking economy was denial. We were told as
recently as a month ago by administration officials and Wall Street charlatans that the
economy was robust and that there would not be a recession. Now we are told that the
economy is in trouble, but that the government is taking decisive action to shore it up.
Let Market Crash Now Or Face
Financial Train Wreck
The
Fed's continued obsession with slashing interest rates and printing money in order to
maintain the facade of the grossly overvalued stock market while the dollar collapses is
precipitating a financial holocaust. Yuppies need to cut their losses and accept a soft
crash now or place the very pillars of the American economy in danger.
Citigroup & Merrill Lynch
At Risk Of Bankruptcy?
Citigroup posted the
biggest loss in the bank's 196-year history as rising defaults on home loans forced it to
write down the value of subprime-mortgage investments by $18 billion. It also received a
$12.5 billion investment from outside investors, in a bid to bolster its finances in the
face of deepening losses.
Stocks Plummet in Germany,
Hong Kong, India, Brazil in Rout
Today's
declines follow the worst week for U.S. stocks in five years after President George W.
Bush's $150 billion plan to revive the economy and expectations of interest-rate cuts
failed to allay recession concerns.
Russia Was Better Prepared
for Collapse than the U.S.
An economic collapse will produce massive chaos,
homelessness, hunger and violence in the United States.
Recession or Depression?
Many
people are finally saying the R word: Recession. The fundamentals don't look good. The
externals are even scarier: dollar and stocks skidding, gold and other prices
(particularly producer prices) rising.
The Coming Collapse Of The Modern
Banking System
Most people have no
idea how grave the present situation is or the disaster the country will face if trillions
of dollars of over-leveraged bonds and equities begin to unwind. There's a widespread
belief that the stewards of the system - Bernanke and Paulson - can somehow steer the
economy through this "rough patch" into calm waters. But they cannot, and the
presumption shows a basic misunderstanding of how markets work. The Fed has no magical
powers and will not allow itself to be crushed by standing in the path of a
market-avalanche. As foreclosures and bankruptcies increase; stocks will crash and the fed
will step aside to safety.
Breaking phase ahead for the
global financial system in 2008
The rapid
aggravation of the global systemic crisis as its phase of impact unfolds has brought our
researchers to estimate that the contemporary global financial system will reach a
breaking phase in the course of 2008. Crisis follow-up indicators now show that we should
no longer only fear the failure of some large financial institution and of many small ones
in the US first and the in the rest of the world, but that the global financial system
itself is structurally hit.
Meet Bush's World Bank
Nominee
PNAC Member, Bilderberg
Attendee, CFR Member, Trilateral Commission Member, NAFTA Architect and Enron Advisor
Irish Stock Market Crash and
Global Depression
Did you know the Irish stock market (ISEQ) has
crashed and lost over 40 billion Euro in one year? If your not one of the few stock
investors in Ireland then your answer will probably be no. Theres only one group of
people that this financial disaster wont disturb and they are the extremely rich,
the 1%, the ones who already control the large banks, organizations, companies and
institutions around the world, they will still have their comforts but now they will be
able to buy low. Everything thing will be on sale at a minimum of 90%
discount. Its going to be a wonderful time for the elite, like it was 200 years or
so ago when the same families bought up/stole Africa - which they still control today.
Citibank Refusing to Process
Firearms Related Credit Card Transactions
Citi Merchant
Services and First Data Corp. are refusing to process any credit card transactions between
federally licensed firearms retailers, distributors and manufacturers -- a move which will
severely limit available inventory of firearms and ammunition to military, law enforcement
and law-abiding Americans.
Dollar Could Drop Further 50
Percent in Value
The Dollar could
fall to half or one-third of its existing value -- British Newspaper and Media Group
announces 100 percent support for Ron Paul on Republic Radio. Ron Paul's Ideas are
heralded on air as the catalyst for the end of communism in China. International support
for Ron Paul's message exceeds all expectation.
Morgan Stanley issues full US
recession alert
Morgan
Stanley has issued a full recession alert for the US economy, warning of a sharp slowdown
in business investment and a "perfect storm" for consumers as the housing slump
spreads.
The Mirage of the Mortgage
Fix
Picture the
Joker from the movie Batman throwing money from his float on the parade and you can see
where this is going. Or imagine the alchemist of medieval lore, attempting to conjure up
wealth from chemical mixtures.
The Last Days of the United
States Dollar
The
great debate among those of us on the Economy Deathwatch seems to be whether the debacle
we observe around us will resolve as a crash or a slow-motion financial train wreck. It
seems to me that at every layer of the system, we're susceptible to both -- in tradable
paper, institutional legitimacy, individual solvency, productive activity, real
employment, "consumer" behavior, and energy resources. Some things are crashing
as I write.
Americas Trade Debts
Lead to a Likely Gold Confiscation
Recently posted in the Federal
Register on the internet were regulations listed under the caption of The Patriot Act . .
. . At the end of 17 pages you will find legal definitions for bullion coins
and rare numismatic coins. Strange how the definition of these forms of gold
would show up under 17 pages of regulations pursuant to the Patriot Act having to do with
identification of persons boarding and de-boarding aircraft and a multitude of other
topics. Once you analyze the situation, it becomes obvious that these regulations were
published in this manner, so as to keep the information from the general public and avoid
suspicions of confiscation and the resulting objections.
The American
empire is falling with the dollar
The US dollar
is still officially the world's reserve currency, but it cannot purchase the services of
Brazilian super model Gisele Bundchen. Gisele required the $30 million she earned during
the first half of this year to be paid in euros.
Fed pumps $8bn into market to
head off new crunch
Central bankers
are becoming nervous that a renewed credit crunch could destabilise financial markets
around the end of next month, and the US Federal Reserve has pumped an initial $8bn
(£3.9bn) into the market to help ease the mounting pressure.
US Dollar Could Plunge 90
Percent
A
financial crisis will likely send the U.S. dollar into a free fall of as much as 90
percent and gold soaring to $2,000 an ounce, a trends researcher said. "We are going
to see economic times the likes of which no living person has seen," Trends Research
Institute Director Gerald Celente said, forecasting a "Panic of 2008."
IMF warns of 'perfect storm' that
could drag Britain into recession
The
Washington-based International Monetary Fund has warned of a "perfect storm"
caused by surging oil prices and the turbulence on the world's financial markets. Its
chief economist, Simon Johnson, said: "The combination of the global credit crunch
and high oil prices could bring a big reduction in international trade from which no one
would be immune."
A Financial System under
Siege
The global
dollar-based financial system is in crisis and is threatening the prosperity and stability
of many economies. Financial excesses of all kinds have undermined its legitimacy and its
efficiency. The U.S. dollar is losing its preeminence as the main international reserve
currency while many banks are caught in the turmoil of the subprime credit crisis.
Dollar Crisis: None dare call
it conspiracy'
Yesterday,
WorldNetDaily reported that the Chinese are considering abandoning the U.S. dollar as
their national reserve currency. WND quoted Craig Smith's assessment of the consequences
of such a move by Beijing on our economy: If that were to happen, all bets are off,
and we will be in a depression that makes 1929 look like child's play, or we will
experience Weimar Republic inflation as the dollar makes extreme moves toward
devaluations.
Dollar Collapse to Trigger
Global Financial Meltdown
The
father of Reagonomics and former Wall Street Journal editor Paul Craig Roberts has warned
that the collapsing dollar will eventually cripple the European economy and may even
return the world economy to a barter system as financial chaos ensues.
Hundreds of banks threatened
by new subprime crisis
The reserves of
hundreds of banks are at risk, including some major banks, after a little-noticed federal
court decision signaled the crisis in securitized home mortgages could spell much more
trouble for financial institutions than previously realized, even on Wall Street.
Experts Fear Repeat Of 1929
Economic Crash
Two
prominent economic experts have warned that "insiders with conflicts of
interest" allied to the Fed's policy of tanking the dollar to bail out Wall Street
could lead to a repeat of the economic crash of 1929, during a segment on Bill Moyers' PBS
show.
Prepare for prolonged
turmoil, says US Treasury Secretary
Investors
should brace themselves for a prolonged period of market turmoil, Henry Paulson, the US
Treasury Secretary, said yesterday as he held emergency meetings with the Chancellor and
the French Finance Minister.
Crash is coming, warns top
investor
THE
man responsible for investing $41 billion of the State's money has warned mum-and-dad
investors to prepare for a massive sharemarket crash. He says a dramatic downturn is
inevitable as the rapid rate of investment is unsustainable, and the repercussions of the
$300 billion subprime lending crisis in the US are yet to be felt fully.
Gold Eyes Record $850 As Oil
Nears $100
Oil barreled
past a record-high $98 on Wednesday as an ever-weaker dollar nudged gold toward a historic
$850 an ounce, with investors concerned over inflation and the health of the U.S. economy.
Expert says feds stealing
half of seniors' paychecks
The Social
Security payments Americans receive in the mail are roughly half of what they would be if
the U.S. Bureau of Labor Statistics reported the Consumer Price Index honestly, a veteran
econometrician told WND. John Williams contends the U.S. government statistics
intentionally understate inflation as measured by the Consumer Price Index, or CPI. By
understating CPI data, Williams argued, government officials are able to avoid increases
in Social Security payments that are mandated by law as "cost of living
adjustments." Williams maintains a website called Shadow Government Statistics that
is dedicated to examine "analysis behind and beyond government economic
reporting." In an analysis of the CPI, Williams contends the index is understated by
roughly 7 percent per year by government intentionally manipulating the data.
The Federal Reserve Rate Cut
Congressman Ron
Paul, ranking member of the Subcommittee on Domestic and International Monetary Policy
(DIMP), and a nationally recognized expert on monetary policy, issued the following
statement regarding the Federal Reserves decision to again lower interest rates
A Fed panic and a
massive bailout of America
By lending to
troubled lenders at reduced preferential rates, the Fed is acting as their
"government," i.e. subsidizing their risky loans operations and taxing anybody
else who holds American dollars. It is not only attempting to make them more
"liquid," but also more "solvable" and less likely to fail.
UK Banks face 10-day
debt timebomb
Britain's
biggest banks could be forced to cough up as much as £70bn over the next 10 days, as the
credit crisis that has seized the global financial system sparks a fresh wave of chaos.
Almost 20 per cent of the short-term money market loans issued by European banks are due
to mature between September 11 and September 19. Senior bankers fear that they will have
to refinance almost all of these debts with funds from their own coffers, putting a
further strain on bank balance sheets.
Credit turmoil
has hallmarks of bank run
The
current turmoil in the financial markets has all the characteristics of a classic banking
crisis, but one that is taking place outside the traditional banking sector, Axel Weber,
president of the Bundesbank, said at the weekend. What we are seeing is basically
what we see underlying all banking crises, said Mr Weber, one of the most
influential members of the governing council of the European Central Bank.
They wanted
them poor niggers out of there.
We
needed an answer to a weird, puzzling and horrific discovery. Among the miles and miles of
devastated houses, rubble still there today in New Orleans, we found dry, beautiful homes.
But their residents were told by guys dressed like Ninjas wearing Blackwater
badges: Try to go into your home and well arrest you.
Congressman: Stock
Market Will Eventually Collapse
Texas
Congressman and presidential candidate Ron Paul says that attempts to rescue an ailing
stock market last week, during which the Fed pumped in billions in liquidity, were merely
a stop gap measure - and that an economic collapse is all but inevitable.
Helicopter Ben
Unleashes Dollar Hyperinflation
Fed attemps to bail out bankrupt Wall
Street speculators: Cheny demands staged terror attacks, war with Iran
The Crash of 1929:
Are We on the Verge of a Repeat?
Hedge funds have helped create a
counterfeit economy that some experts say could lead to another full-blown economic
depression. The Stock Market is far more overvalued than it was in 1929, and the
derivatives will amplify the damage. The Plunge Protection Team has been trying to stave
off a downturn, but the longer they do so the less real support remains and the deeper the
eventual drop. Click
HERE for a reminder of what it looked like the last time.
Panic on Wall Street
From
New York to Hong Kong and everywhere in between, alarm bells are ringing. Central bankers
are on 24/7 alert, ready to perform life support on catatonic markets. Stock traders are
panicking -- the Dow's wild ride on Wednesday, down 350 points and then almost all the way
back, is just the latest declaration of confusion and fear.
Mystery Trader To
Collect On Financial Meltdown?
Last
month, we reported on the mystery trader who risks losing around $1 billion dollars after
placing 245,000 put options on the Dow Jones Eurostoxx 50 index, which led many analysts
to speculate that a stock market crash preceded by a new 9/11 style attack or another
catastrophe could take place before or during the third week of September.
How Far Will the
Crash Go and What Do we Do Now?
The immediate
triggers are being described quite well: the collapse of the U.S. subprime mortgage
market; the vulnerability of the rest of the economy to the subprime undertow, due to the
efficiency of the markets in spreading risk; the worldwide overextension of
cheap credit; the failure of large institutional investors and Wall Street brokerages to
behave responsibly; and the long-term effects of the U.S. trade and fiscal deficits which
are now coming home to roost.
Stock market
brushfire; will there be a run on the banks?
On
Friday, the Dow Jones clawed its way back from a 200-point deficit to a mere 31-point loss
after the Federal Reserve injected $38 billion into the banking system. The Fed had
already pumped $24 billion into the system a day earlier after the Dow plummeted 387
points. That brings the Fed's total commitment to a whopping $62 billion.
Markets go red as
contagion spreads
Central banks on
both sides of the Atlantic pumped billions into the financial system to calm nerves over
an impending credit crunch yesterday - but their actions only served to heighten alarm,
leading to a fresh plunge in global share prices.
After Fed's rescue,
volatile days ahead
The
Federal Reserve came to the stock market's rescue on Friday but unless credit markets
remain stable next week, the salvation may prove little more than a brief respite from its
late summer sell-off.
Dow plunges 387 as
credit meltdown accelerates
A worldwide
meltdown of credit markets accelerated overnight as BNP Paribas, France's largest bank,
became the fourth major bank to suspend redemptions in major multi-billion dollar
investment funds because of the bursting of the mortgage sub-prime credit bubble in the
U.S. The Dow Jones Industrial Average ended down today 387.18 points in a broad market
sell-off.
Russo Film Exposes
Criminal Banking Syndicate That Rules America
In
1913 America was a free country. Then a band of powerful bankers achieved their fathers'
and great grandfathers' goal. America has never been the same. Soon the world will not be
the same.
Global markets
tumble, with Dow losing 387 points
The
central banks of the U.S. and other major economies move to calm investors after a French
bank halts withdrawals from investment funds that have lost money on U.S. mortgage
securities.
The "Amero"
is here?
"The Hal Turner Show" has received
images of the new unit of currency they are planning. It is called "the Amero"
which will replace the "Dollar" and the "peso" in all three countries
once they are merged out of existence!
Portfolio Liquidation
Triggers Turmoil Among Hedge Funds
The
liquidation of a big hedge fund or investment-bank trading portfolio is wreaking havoc in
some parts of the hedge- fund business, managers and investors said Thursday.
The Dow Is Crashing!
The Dow looks to be soaring, but
only when measured in rapidly inflating dollars.
The future looks very
bleak
The crash of the US economy has
begun.
Splish, Splash
Dollar's Taking A Bath
US Government Forces
E-gold Redemptions - Seizes Gold
In
an unprecedented move on or just before Wednesday May 9th, 2007, the United States of
America has forced Omnipay et al E-gold to redeem all the gold backing the 58 previously
frozen accounts owned by e-gold, 1mdc, icegold and a handful of other exchangers and
customers to be liquidated effective immediately to a us dollar account owned by the
federal government.
Tax on Carbon
Emissions Gains Support
As
lawmakers on Capitol Hill push for a cap-and-trade system to rein in the nation's
greenhouse gas emissions, an unlikely alternative has emerged from an ideologically
diverse group of economists and industry leaders: a carbon tax.
US Housing Bubble
Which
Dominoes Will Fall Next?
St. Louis Federal
Reserve
US Headed To
Crash (pdf)
Outsourcing
"That Giant Sucking Sound"
Today, the
United States reached its biggest free trade agreement since NAFTA, clinching a
last-minute deal with South Korea. In Seoul today, The Office of the United States Trade
Representative signed off on on the KORUS FTA deal with South Korea just as President
Bush's TPA clock timed out.
HYPERINFLATION
World System on 1923 Weimar
Collapse Curve
The Bursting Asset
Bubbles
Wall
Street, October 1929
The Great Colorado
Oil Rush of 2006
When
you are piecing events together trying to make sense out of them, did you ever get the
feeling that there's a piece missing--a piece with which, if you had it, you could make
sense of the whole?
A Miracle
Australia Out of Debt?
Treasury issues
'secret' report on Dubai acquisition
Government-owned
Arab firm could take over U.S. defense company
Bank of China May
Lose $537 Mln on Rising Yuan Value
Bank
of China may post a 4.3 billion yuan ($537 million) exchange-rate loss this year because
of a rising yuan, according to UBS AG, one of the arrangers helping the lender raise about
$8 billion in an initial public offering.
As hurricanes loom,
many in Florida Keys flee
Spiraling
living costs, lingering trauma from past evacuations and fear that one day million-dollar
homes could be reduced to rubble or again flooded are driving people out of the vulnerable
Florida Keys as another hurricane season looms.
Oil Prices Steady
Near $75 a Barrel
Oil prices held steady
near $75 a barrel Wednesday amid nagging concern that Iran, a key exporter, could cut
supplies because of international pressure to modify its nuclear program.
Exxon Chief Says He
Understands Gas Woes
Exxon Mobil chairman Rex
Tillerson says oil companies do not get together and illegally manipulate oil prices.
Post Office Proposes
3-Cent Rate Increase
The Postal Service said
Wednesday it wants to raise the price of a first-class stamp by 3 cents - to 42 cents -
and suggested a "forever" stamp that people could use as hedge against future
rate inflation.
Oil in Alaska refuge
seen raising $111 bln for US
Allowing
energy companies to drill for oil in Alaska's Arctic National Wildlife Refuge would raise
about $111 billion over 30 years in corporate income taxes and royalty fees, based on
current prices, a congressional research report said on Tuesday.
Mexico labor unrest
could get worse -- maybe a lot worse, some warn
In
the early hours of April 20, some 1,000 riot police raided a striker-occupied steel mill
in the Pacific port city of Lázaro Cárdenas.
Only Aspartame-filled
Soda's to be Available in NY Schools
The
nation's largest beverage distributors have agreed to halt nearly all soda sales to public
schools, according to a deal announced Wednesday by the William J. Clinton Foundation.
Hydrogen no magic
bullet for energy woes
For the foreseeable future,
the most likely source of hydrogen generation would be fossil fuels and natural gas,
hardly a step toward energy independence. It should also be noted hydrogen won't be any
cheaper for consumers than petroleum, although that could change as the price of oil
continues to rise.
Bolivia seizes gas
industry
Bolivian
President Evo Morales Monday signed a decree to immediately nationalize the country's gas
and oil industry, and ordered the military to occupy energy facilities.
Medicare - Broke by
2018. Quick, Loot It Now!
The
annual report, issued yesterday by the trustees who monitor the fiscal health of the
Medicare and Social Security programs, said the trust fund for the health insurance system
for the elderly will run out of money in 2018 -- two years sooner than predicted a year
ago and 12 years sooner than had been anticipated when President Bush first took office.
US debt clock running
out of time, space
Sometime
in the next two years, the total amount of US government borrowing is going to break
through the 10-trillion-dollar mark and, lacking space for the extra digit such a figure
would require, the clock is in danger of running itself into obsolescence.
China Poised To Pass
U.S. In Manufactured Goods Exports
China
exported $713 billion worth of manufactured goods in 2005, a catalog that predictably
included such low-tech products as footwear and textiles and apparel, but more importantly
also featured higher-tech goods such as office equipment and telecommunications equipment.
Admin. Spends $1.62B
On PR, Ads, Bush Admin.'s Propaganda Effort Is Unprecedented
The
Pentagon hired agencies to do everything from designing Web sites, drafting a logo for the
Air Force to placing ads for leisure travel, bowling and "football frenzy." The
U.S. Army spent millions of dollars in media messages and staff to promote the
"strategic perspective in the Global War on Terrorism
America is in the
midst of the final stages of its currency debasement.
The fading dollar can
be held responsible for our troubles. It isn't the dollar's fault, because it is merely a
piece of paper, which is un-backed, and the product of a printing press. It is those who
administer and spend it recklessly, who have caused its demise, and who are wrecking our
economy and nation. What repercussions does a dollar debasement have? Let's examine them.
Remember, it is in no way the fault of the citizenry. It is totally the fault of
government and the D.C. Gang. All of us are merely the victims.
'Asia must prepare
for dollar collapse'
Masahiro
Kawai, the ADB's head of regional economic integration, said on Tuesday: "Any shock
hitting the US economy or the global market may change investors' perceptions given the
existing global current account imbalance.
Americans don't know
who they are anymore
Every passing day, this new
world order, this so called "free trade", is eroding 150 years of the hard won
gains for American labor, but very few people seem to care. How effective the propaganda
has been. Americans don't know who they are anymore.
Fed props up economy
with TONS of new cash
Three
separate sources in the U.S. Treasury have told me that this week, the federal reserve
ordered TWO TRILLION dollars to be printed! The U.S. Treasury is allegedly running
printing presses 24/7 to accommodate that order. Treasury employees were specifically
ORDERED not to talk about this to anyone because it could cause economic collapse.
China Passes Japan in
Foreign Exchange Reserves
China's
reserves of dollars and other foreign currencies hit $853.7 billion in February, an
official Chinese newspaper said on Wednesday, allowing China to overtake Japan as the
world's largest holder of foreign exchange reserves.
Buy Australian
Dollar, Sell U.S., N.Z. Currencies, Goldman Says
Australia's
gross domestic product is expected to grow 3.5 percent, according to Macquarie Bank Ltd.
in a research report dated March 24. The economy expanded 2.7 percent in the three months
ended Dec. 31 from a year earlier. It grew 2.5 percent in 2005, the slowest pace in four
years. "Growth in business investment is likely to be strong,'' said Macquarie Bank
economists, led by Richard Gibbs in Sydney. ``The external sector is likely to see a
steady improvement, while consumption is likely to remain fairly subdued, at least until
mid-year,'' the report said.
Putin says U.S.
hampering Russia's WTO accession
"We have received a list of
questions from our American colleagues that require additional agreements that we thought
had been settled long ago," Putin told a meeting of top businessmen. "The
negotiations process is being artificially set back."
Imperial overreach is
accelerating the global decline of America
The disastrous
foreign policies of the US have left it more isolated than ever, and China is standing by
to take over
Syria switches to
euro amid confrontation with US
Syria
has switched all of the state's foreign currency transactions to euros from dollars amid a
political confrontation with the United States, the head of state-owned Commercial Bank of
Syria said on Monday.
Standard & Poor's
specialists predict global economic Armageddon
The collapse will be
caused with the demise of the US dollar rate against the European currency by more than 30
percent. The dollar, specialists say, may lose almost 45 percent of its current value
against the euro. However, it is obvious that even a 30 percent reduction will affect the
international economy greatly.
Uh-Oh! Legal Disputes
Spread to BlackBerry Rivals
Customers
shouldn't rush out to replace e-mail gadgets just because they're jittery, says Gartner
tech analyst Ken Dulaney. Much of the industry is now involved in intertwined legal
disputes. Most users should wait until the mess works itself out, he says.
Slave Labor: Made in
the U.S.A.
Despite being
produced from Chinese fabric by Chinese laborers who labor under Chinese law, the designer
clothing that emerges from those island factories is labeled Made in the USA.
Federal borrowing
raised to record level
The government
expects to borrow a record $188 billion in the January-March quarter, even more than it
anticipated three months ago, the Treasury Department announced Monday.
Oil execs refuse to
testify at U.S. Senate hearing
Officials
from six major oil companies have refused to testify this week at a Senate hearing looking
into whether oil industry mergers in recent years have made gasoline more expensive at the
pump.
Oil pushes over $68
per barrel
Key
talks over Iran's nuclear program, more militant attacks in Nigeria
Fed to raise rates
again as Greenspan era ends
18-year
rule closes tomorrow with hike of quarter-percentage point
Google challenges EU
plan to regulate Internet
British
minister: 'In 10 years, our successors will bemoan the handicaps'
U.S. IN TECHNICAL
DEFAULT
The US Government debt
has breached the Congressionally mandated debt ceiling.
Why is it so HARD to
find a JOB?
"Whoever
controls the volume of money in any country is absolute master of all industry and
commerce." - President James A. Garfield
Ready for $262/barrel
oil?
Two
of the world's most successful investors say oil will be in short supply in the coming
months.
FEMA Workers Accused
of Bribery
Two FEMA disaster
assistance employees working in New Orleans were arrested yesterday on federal bribery
charges, accused of accepting $10,000 each in exchange for letting a contractor submit
inflated reports on the number of meals it was serving at a Hurricane Katrina relief base
camp there.
Chevron 4Q Profit Up
20 Percent to $4.14B
Chevron
Corp.'s fourth-quarter profit climbed 20 percent to $4.14 billion, a company record that
continued the most prosperous stretch in its 126-year history as the oil company
capitalizes on high fuel prices that are squeezing consumers and ruffling politicians.
Confessions of an
Economic Hit Man
From 1971 to 1981 John
Perkins worked as a chief economist for Chas. T. Main, a Massachusetts-based international
strategic consulting firm. During this time Mr. Perkins said his job was to trick
developing countries into taking enormous loans from the World Bank in order to construct
or repair their domestic infrastructure. These loans were given with the understanding
that these countries would then use those loans to pay U.S. corporations to complete these
constructing and engineering projects.
Collapse of U.S.
Economy Imminent
In
its attempt to establish a world empire dominating every nation on the planet, the U.S.
has exhausted its ability to finance the expansion and the country now faces imminent
financial collapse. From all indications, it looks like 2006 will spell the end for
America.
NATIONAL FORECLOSURES
INCREASE MORE THAN 13 PERCENT IN DECEMBER ACCORDING TO REALTYTRAC U.S. FORECLOSURE
MARKET REPORT
RealtyTrac
(www.realtytrac.com), the leading online marketplace for foreclosure properties, today
released its December 2005 Monthly U.S. Foreclosure Market Report, which shows 81,290
properties nationwide entered some stage of foreclosure in December, a 13.5 percent
increase from the previous month. The report shows a December national foreclosure rate of
one new foreclosure for every 1,422 U.S. households, the highest foreclosure rate reported
in 2005.
Russia, Georgia Trade
Insults, Blame Over Gas Pipeline Bombings
Russia
and Georgia traded blame and insults after bombings of a natural gas pipeline and an
electricity cable on the Russian side of their border cut heat and power supplies to the
smaller of the former Soviet states.
FTCR: Insurers
Inflated Med-Mal Claims to Justify Rate Hikes
In documents
filed with state regulators and in statements to public officials, medical malpractice
insurance companies consistently inflated the amount they estimated they would pay out in
claims, according to a study by the nonprofit Foundation for Taxpayer and Consumer Rights.
The New Market Bubble
Theory
So here's
the good news: The next five years will bring us the biggest stock-market boom in history.
The bad news? The party will end in late 2010, after which we'll face the worst economic
decline since the Great Depression.
Irans Oil
Exchange threatens the Greenback
The
Bush administration will never allow the Iranian government to open an oil exchange
(bourse) that trades petroleum in euros. If that were to happen, hundreds of billions of
dollars would come flooding back to the United States crushing the greenback and
destroying the economy. This is why Bush and Co. are planning to lead the nation to war
against Iran. It is straightforward defense of the current global system and the
continuing dominance of the reserve currency, the dollar.
Japan Stocks Drop for
2nd Day Amid Probe
Japanese
stocks plunged for a second day on Wednesday, bringing the market's two-day loss to almost
6 percent as the exchange halted trading early amid investor jitters about a widening
criminal investigation of Internet startup Livedoor Co.
New Job Opportunities
In America
Once upon a time: people shopped on
downtown city streets, frequented local diners, and had a choice of jobs to choose from.
Towns employed parents in auto plants, machine shops, textile mills, ship building,
farming, fishing, and every imaginable manufacturing job. A man working in a steel mill or
auto plant; could encourage his son/daughter, to go to college, and attain a profession
that he had only dreamed of. If not college, a trade, that saw one with a livable wage,
was readily available. This country had marvelous craftsmen, machinists, designers of
great buildings, bridges, and damns. Now we can't build a simple levee to protect a
population.
Technology sector
slide leads Wall Street lower
U.S. stocks fall after big
sell-off in Tokyo; gloomy tech earnings also weigh.
Dusting off the
Brown-shirts and Jackboots
The spiking gold
market is a sure sign that the dollar is headed for the dumpster. Large institutional
investors are hastily moving boatloads of cash into precious metals that promise to retain
their value while the hemorrhaging dollar goes the way of Icarus.
IRS Makes Chilling
Proclaimation
During this press conference, a
senior IRS official by the name of Terry Lemons made the following proclamation in
response to a question by David Cay Johnston of the NY Times: Why won't the IRS answer the
questions set forth in the petitions from We the People Foundation? According to Johnston,
Lemons said the government is answering our Petitions through "enforcement
actions."
Record-high filings
top 2 million in 2005 in race to beat new law
The
rush of consumers to file bankruptcy before a tough new law took effect pushed personal
filings for 2005 to their highest annual level on record, more than 2 million, according
to new data.
IRS Freeze On
'Questionable' Refunds
A brand new front has been
revealed on the income tax battleground: refunds being withheld, without notice, from
taxpayers who are "suspected of fraud" in filing for them. According to an
Associated Press article, citing Taxpayer Advocate Nina Olson, under this so-called
"Questionable Refund Program" the Internal Revenue Service freezes "tens of
thousands of tax refunds" it deems questionable each year, without telling the people
who are awaiting their money.
Trade deficit
narrows, jobless claims up
Imports of foreign cars
hit all-time high
Analysts: Gold to hit
$600
Even
skeptics say longer-term investors' attitude toward bullion changing
Oil charges toward
$65
Driven
by concerns over nuclear ambitions of Iran, drop in U.S. crude stocks
Realtors see cooling
market in 2006
'A lot of demand has
been met over the last 5 years'
Cut salaries, GM
urged
'Time has
come to go into crisis mode'
Wal-Mart links pay to
diversity goals
Retailer
will begin penalizing executives who fail to meet targets
Law may force
Wal-Mart to subsidize healthcare
Proposed Maryland tax would require spending
8% on employee medical plan
OfficeMax to shrink,
add new-look stores
Office-supply
retailer to close 12% of outlets after 3 quarters of losses
Court Rules Federal
Reserve is Privately Owned
Case Reveals Fed's Status
as a Private Institution
Deadly Assumption #5:
My Bank Accounts Are Fully Insured
When you open an account at a bank, you
are told in writing that your account is insured by the FDIC. What is the FDIC? It's the
Federal Deposit Insurance Corporation.
Deadly Assumption #1:
Social Security Is Solvent
The Social Security Trust Fund is an
accounting trick. There is no money in the fund. It is filled with government bonds,
issued specially to government agencies. The money was spent by the government as soon as
it rolled in. These bonds are not marketable to the general public. There is no market for
these bonds. They represent an accounting trick.
China signals switch
in reserves away from dollar
China
indicated on Thursday it could begin to diversify its rapidly growing foreign exchange
reserves away from the US dollar and government bonds a potential shift with
significant implications for global financial and commodity markets.
Getting rich really
quick: $1 from
every American
26-year-old roommates launch experiment with goal of earning potential $300 million
Huge new oil
discovery in Brazil
Brazil's state-owned oil
company, Petrobras, says it has discovered a huge new offshore oil field off the coast of
Rio de Janeiro state.
Oil rises past $60
Concern
OPEC may decide to cut output
Muslim investors top 2005 faith-funds table
22% return avoiding gambling, alcohol, porn, pork
Gold climbs to 2-week
high
Rises
on speculation central banks will add reserves
Price of gold
expected to keep its momentum
'The battle will be on
for a year-end close over $500'
Visa use up 27
percent
Firm says
debit-card spending eclipses credit spending for 1st time ever
Enron's Causey pleads
guilty
Former
chief accountant makes deal in fraud case
Jury Awards $172
Million To Wal-Mart Employees
The world's largest retailer was ordered
to pay $57 million in general damages and $115 million in punitive damages to about
116,000 current and former California employees for violating a 2001 state law that
requires employers to give 30-minute, unpaid lunch breaks to employees who work at least
six hours.
The Three Reasons For
911
The US policy of growing our
economy by increasing the National Debt would not be possible if the Euro becomes the
world's trading currency for oil. Hence, Iran and Venezuela are terrorists since they
intend to trade in Euros. Even the UN Oil for Food program was run through France and
denominated in Euros. If the Euro becomes the oil trade currency our economy would melt
down in a year or less.
Greenspan bows out of
G7 with a flourish
BTW,
Gordon Brown is the man who, in an obvious move to manipulate and keep the price of gold
lower, ended up costing the British billions of dollars by selling a large portion of
their gold when gold was at its bottom in 1999.
N.Y. Times: Economy
booming, or is it?
Paper
says as always with the United States, 'it is not quite that simple'
The Economic Tsunami:
Coming Sooner Than You Think
It
seems that there are a growing number of people who believe as I do, that the economic
tsunami planned by the Bush administration is probably only months away.
Maine event: Live
lingerie models in window
'I think it's selfish,
and I think it's morally reprehensible'
Gold Price Surges To
18 Year High
Gold rose to its highest level in nearly
18 years in Asian trade on Thursday, while platinum came to within $10 an ounce of $1,000
as fund managers bought heavily amid a surge of investor interest in precious metals.
Sony BMG pulls CD
software
Music
publisher Sony BMG said on Friday it would stop making CDs that use a controversial
technology to protect its music against illegal copying.
Prices hit $955 for
platinum record
The price of
platinum hit a 25-and-a-half-year high in London yesterday, leading some traders to
predict it would break through the key psychological level of $1,000 a troy ounce by the
end of the year.
Copper prices touch
lifetime high
Copper
prices touched a lifetime high Friday above $1.90 a pound on supply concerns, platinum hit
a 26-year peak and gold futures marked a five-session climb to close 2.5% higher for the
week.
Housing Market
Cooling, Data Say
When
your new home loses $100,000 in value between when you buy it and when you move in, that's
not cooling, that's an ice age!
Greenspan says US has
"lost control" of budget
"We've
lost control of the budget," Greenspan apparently told Breton during a bilateral
meeting Saturday at the half-yearly World Bank/IMF Meetings, the French minister said at a
press conference in Washington.
Debit Card Giveaway
Goes Awry in Houston
What
was billed as an innovative effort to help victims of Hurricane Katrina get back on their
feet brought chaos and confusion Thursday as thousands of evacuees jostled for promised
federal and private cash assistance.
Oil Prices Rise on
Energy Dept. Forecast
Crude
oil prices edged up Friday in the wake of the US Department of Energy's forecast that US
energy costs this winter would be the highest in 10 years.
If
they get you in this cashless society, it's over for you and your family. Total World
Government taxation!
THE DOLLAR HOLOCAUST
US Stock
Markets Decline
Economy Nuked,
Bringing Revival & Antichrist
America, in an attempt to save
itself, will bring world war and the New World Order. As they say, Order out of
Chaos.
Fed Chairman
Delusional Or Deceptive?
On June 20, 2007, Treasury
Secretary Henry Paulson delivered a stinking canard when he told Congress that the global
economy was "stronger than any time in the past two decades." Experts not on the
government's payroll say otherwise. Paulson shrugs off such concerns. In the meantime, the
dollar has been dropping almost as fast as Bush and Congress' poll numbers.
Its Official: The
Crash of the U.S. Economy has begun
So what
is really happening? Actually, its simple. The difference today is that China and
other large investors from abroad, including Middle Eastern oil magnates, are telling the
U.S. that if interest rates come down, thereby devaluing their already-sliding dollar
portfolios further, they will no longer support with their investments the bloated U.S.
trade and fiscal deficits.
Swiss Prophet Foresees
Pending Terrorist Attack on the US
The
Poison Cloud over the US in a vision in autumn 2002 Reber saw a terrorist attack on the
US, that will be so devastating that many thousands will be found dead. Reber, who first
delivered this prophecy in Canada upon visitation of David Demian, says he has been
transported by the Spirit of God into the very US cities and neighborhoods where this is
going to happen and saw the many dead bodies strewn about. Ten months ago, God let him
revisit the vision and told him to speak it to America. On May 6, 2006 Erich shared this
vision for the first time in the US at a seminar in St. Paul, Minnesota hosted by Lutheran
Renewal. Ed. Note: The attack will be blamed on the Muslims but not necessarily
initiated by them. Notice the additions to the prophecy by the Wolgang Simpson designated
by the parenthesis.
'Confessions Of An Economic Hitman'
Global systemic crisis
in 2007
Finance
is one of the four sectors identified by LEAP/E2020 in the December issue of their
confidential letter (the GlobalEurope Anticipation Bulletin N°10) as likely to be
severely affected by the development of the global systemic crisis in 2007 (1). The other
three sectors are: international trade, exchange rates, and energy.
Fed Orders 2 Trillion
Dollars Printed, Put In Circulation
Three
separate sources in the U.S. Treasury have told me that this week, the federal reserve
ordered TWO TRILLION dollars to be printed! The U.S. Treasury is allegedly running
printing presses 24/7 to accommodate that order. Treasury employees were specifically
ORDERED not to talk about this to anyone because it could cause economic collapse.
David Walker, the US Comptroller General,
predicts economic disaster for the U.S.
Mr. Helicopter Takes
Over
Fed
Chairman Bernanke became famous for saying policymakers should consider printing cash or
throwing money out of a helicopter if that is what it takes to stave off a debilitating
downturn in prices. The last great depression gave us the NAZIs: Are Concentration
Camps Coming to U.S.?
"Bank
Holiday"
...When the banks open the next
day at 9 in the morning, $15 billion an hour is going to be withdrawn from our American
banks -they're going to be running our banks---the Arabs---all the Latin American
countries, they're going to be running our banks--and before the day is over, the U.S.A is
going to have to declare a "bank holiday."
The Housing Bubble Blog
Watching out for the coming
"pop"
"Two Black
Mondays"
The Crash of the U.S. Stock
Market
BIS Calls For
Global Currency
The
eventual goal is a cashless society credit system based on a worldwide citizen ID. Those
designated as subversives or security threats will have their credit entitlement reduced
and restrictions will be placed on when and what they can buy or sell. A world tax will be
levied on all purchases.
The Non Energy
Crisis
$3.00 a Barrel Oil at Gull Island Being Covered Up!!!
Chapter 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
How Do You like the
High Price of Gas?
Author Lindsey Williams who had
executive status with the 9 major oil companies on the Trans-Alaska oil pipeline has
written a book stating the facts listing names, dates, and places says: As a former
Insider I know Alaska has plenty of oil, enough to supply the United States for two (2)
hundred years. Why do the people of the United States allow this excellent oil to be
shipped and sold to the people of Japan [over 100 million population] when we could have
it shipped here to the lower 48 states [300 million population] via pipeline? Lindsey
Williams book and video "The Energy Non-Crisis" a revealing documentary is
available for your education!
Click Here For Info!
New Video deciphers
the Federal Income Tax Deception
For more information
Click Here
RON
PAUL
The End of Dollar
Hegemony
Edgar J. Steele
Paper Bad - Metal Good
VDARE: A Reader Predicts the Collapse
of Mexico
PEMEX - peak oil for the
Cantarella field will be late 2006 or early 2007. This field accounts for 75% of Mexican
oil production. The decline will be swift10-20 percent per year. Fox just redirected
more than $2 billion in exploration funds to political parties for this year's election.
Pemex is $43 billion in debt. A friend at Exxon-Mobil says no U.S. major will touch Mexico
now because of its corruption. Mexico has received no offers to help explore the promising
deep-water Gulf. Mexico can't afford to do it on its own: no money and no expertise.
Bud Wood
CHART: Another Look At The
US$ Nightmare
Jason Miller
May A Flock Of Thrushes
Disrupt Your Hologram This Yuletide Season
The Coming Disaster in
the Derivatives Market
The derivatives genie is
now well out of the bottle, and these instruments will almost certainly multiply in
variety and number until some event makes their toxicity clear....[They] are financial
weapons of mass destruction, carrying dangers that, while now latent, are potentially
lethal. -- Warren Buffett, Chairman and Chief Executive, from his Letter to Shareholders,
2002 Berkshire Hathaway annual report
U.S. Asserts Power to
Seize Private Gold, Silver
The
U.S. Government has the authority to prohibit the private possession of gold and silver
coin and bullion by U.S. citizens during wartime, and, during wartime and declared
emergencies, to freeze their ownership of shares of mining companies, the Treasury
Department has told the Gold Anti-Trust Action Committee.
Marilyn Barnewall
Business
start-ups decreasing at an increasing rate
Ted Lang
The Bush Gang - Get The
Internet!
Marilyn Barnewall
Judges
overstep Fifth Amendment with Eminent Domain
Joan Veon
Paul
Volcker, The Call for a global currency
Maj. James Linzey
What Can
We Do to Repair our National Finances?
Consequences
of Political Money
Levels
Of the Federal Reserve
Federal
Reserve #1
The
History of Economics 2
History
of Economics 1
Chart of who "owns" the
Federal Reserve
Click Here
Michael Shore
Who Really Stole Billions In
The Iraq Oil For Food Scandal?
Sherman H. Skolnick
Bond Collapse: The
TITANIC did not have enough life-boats. And you know what happened.
Marilyn Barnewall
Greenspan:
We need the gold standard
Chris Bennett
Sustainable Oil?
Greenspan warns good times won't last forever
Basic interest rate in Brazil raised to 19,75%
US interest rate fears
put brakes on Far East rally
Fed Boosts Key Interest Rate to 3 Percent
US March Housing Starts Plunge 17.6%
Reg Howe Fires Another Shot - Reg Howe - 31 March 2002
Howe vs. BIS - James Turk - 31 March 2002
Howe Lawsuit Survives Hearing On Dismissal
Motions - BizWire - 6 November 2001
Plaintiff's Motion For Leave To File
Second Affidavit -
18 September 2001
Swapping Lies: Fed and Treasury Officials
hanging themselves - 1 August 2001
Judicial Holding Pattern: Giving the
Defendants Plenty of Rope - 20 July 2001
Plaintiff's Qualified Opposition (#2) To
Reply Memoranda -
8 June 2001
Plaintiff's Qualified Opposition To Reply
Memoranda -
31 May 2001
Behind Closed Doors - James Turk - 23 Apr 01
Response to Plaintiff Motions 20 Apr 01
Original Complaint filed 7 Dec 2000
ABOLISH THE FEDERAL
RESERVE
Mr.
Speaker, I rise to introduce legislation to restore financial stability to America's
economy by abolishing the Federal Reserve. I also ask unanimous consent to insert the
attached article by Lew Rockwell, president of the Ludwig Von Mises Institute, which
explains the benefits of abolishing the Fed and restoring the gold standard, into the
record.
Paul Introduces Honest
Money Act
Washington, DC-
Congressman Ron Paul, a leading advocate of sound money policies and an outspoken critic
of the Federal Reserve, recently introduced legislation to repeal legal tender laws. The
Honest Money Act, HR 2779, would eliminate forced tender laws that compel Americans to
accept fiat irredeemable paper-ticket or electronic money as their unit of account.
The Liberty
Dollar
America's inflation-proof currency
100% backed and redeemable
in gold & silver
RFID
Big Brother in Your Grocery Cart!
Click Here
HOW BANKS CREATE MONEY OUT OF NOTHING
NESARA - A Bad Joke
U.S. NATIONAL DEBT CLOCK
Generation Debt: The New Economics of Being Young (in America)
A Tsunami Of
Greed
They Think You're Stupid
Sorta
Optimistically Pessimistic For 2005
Foreknowledge of
A Natural Disaster Of Tidal Wave was building up in the Indian Ocean
U.S
Lobbying Tab Is $1.1 Billion for Half a Year
Netherlands
Imposes 1st Fines On Spammers (what free-market?)
Poll Shows War Is Bad
For Business
Super Dupers On The Run As Watchdogs Step Up The Chase (victims of
property spruikers)
NASD Imposes Record Fines In 2004 (more than triple the 2003 amount)
The
Soft Money Boomerang
The Soros Foundation In Kazakhstan Is Facing Legal Action For Alleged Tax
Evasion
Privatizing Social Security
Would Help Only Wall Street
CHART: Another Look At
The US$ Nightmare
Texas, New Hampshire,
Nevada Target The Reform The US Monetary System
Euro Trash - Even Drug Dealers Are
Giving Up On The $
EU Codex: Crimininalizing
Vitamins Worldwide???
Ramsey
Clark To Defend Saddam
Book:'The Coming Collapse of the
Dollar' - The Final End Game Of Decades Of Debt Accumulation
Shades Of The Dollar
Standard
The Feds
Folly
Gold Prices May Rise 5% Next Year.
Emerging Iraqi Banks Betting On Reconstruction
Unequal Protection : The Rise of Corporate Dominance and the Theft of
Human Rights
China And The U.S. Should Spare The World A Cliffhanger
Australian Reserve Bank
Blames Others For Its Own Folly
Is Mathematics Relevant
In Economics?
Deutsche Bank
Attacks Yukos Case
CHART: A Long Way To Go
Before Gold Becomes Overpriced !
Elliot Wave International:
Shining The Light On Gold
Crack In The Foundation Of
Copyright Laws - Property vs Liberty
Slide Show: Principle of Liberty Goes Along With Self Ownership
Everything You Ought To
Know About Our Global Monetary System
Social Decay and
the Federal Reserve
Monetary central
planning (via the Federal Reserve) is a root cause of social decay.
CRACKING THE UCC CODE
Click Here
Dumping of US
dollar could trigger 'economic September 11'
There
is a potentially fatal flaw at the heart of the global economy: the strong possibility of
financial meltdown following a collapse of confidence in the greenback, Clyde Prestowitz
tells Bruce Stannard
Greenspan
Terrorizes Economy
What
we're seeing is massive inflation: oil has more than doubled in the past two years in cost
per barrel, the dollar's value has decreased more than 40 percent against the Euro over
the past three years. Explosive inflation is a fact, not some danger on the horizon.
Energy Markets
Jittery, Gas Being Rationed
Wholesale and retail
gasoline prices leaped higher nationwide.
Oil hits new record
near $71 after Katrina
Oil
thundered to a new high near $71 on Tuesday as oil firms assessed damage wrought by
Hurricane Katrina's rampage through the Gulf of Mexico, where most oil and gas output was
at a standstill and refineries were shut.
Bush & Queen
Using US Oil Reserves To Manipulate Price Of Oil And Gold
"Al Qaeda is
nothing more than an extension of the operatus linked to U.S. intelligence that was
allowed, by script, to remove itself as a rogue break away entity of the U.S.
government..."
Feds seize man's
$10 million in gold
Owner asks Mint
to authenticate coins, government grabs them
Why a booming
economy feels flat
Personal income is one key
area where workers have fallen behind, compared with past periods of strong wage growth.
I was Wrong to Back
the Euro, Says Clarke
Kenneth Clarke, the
former chancellor, has branded the euro "a failure" in an apparent attempt to
win the support of Conservative eurosceptics in his push for the Tory leadership.
US trade deficit
widens
The
yawning US trade deficit grew wider in June, hitting $58.8 billion for the month, chiefly
due to soaring oil prices and a surge of textiles and apparel from China.
Bush acknowledges
the collapsing US economy
The US
administration aims to spend $286 billion on the development of the American transport
system
Major US airlines
raise their fares
Get
ready for higher air fares. American Airlines, Northwest Airlines and JetBlue Airways
today raised the price of their domestic tickets, following competing carriers' price
hikes earlier this week.
High gas prices
fuel fear of financial hardship
"It's almost $3 a
gallon now, so I might as well take the bus," said Roundtree, who was filling up his
older Mazda sedan Friday at a West Seattle 76 station, where prices ranged from $2.65 to
$2.85 a gallon.
Gold hits 6-week
high in London
Surge due to
weakness in dollar, U.S retail sales data
Farmers measure
drought
Burned-up
corn and imperiled soybeans are throwing a powerful management challenge to many Illinois
and Missouri farmers this year.
Oil touches high of
$66
With
crude prices touching a record $66 (U.S.) a barrel Thursday, Citigroup Global Markets
raised its oil price targets, saying the oil market has stopped taking its pricing cue
from inventories and is focusing on short-term capacity levels.
Watching The US
Economy Crumble
Good News! Soon You'll No Longer Need An
Expensive College Education to Work in the US
$8-a-gallon
gasoline by end of year?
Economist warns new oil
supplies won't ease pressure on consumers quickly
Unocal shareholders
patriotic amid sadness
'I
don't want any foreign company buying anything in the United States'
Yahoo to pay $1
billion in Beijing dot-com deal
U.S.
search firm will also hand over its China operations to Chinese firm
Krispy Kreme blames
former executives
Suggests
ex-management massaged figures to meet Wall Street expectations
Portus Didn't
Invest $52.8 Million in Customer Funds, KPMG Says
Portus
Alternative Asset Management, a Canadian hedge fund whose co-founder is being investigated
for fraud, didn't invest about $52.8 million that it received from customers and about
$17.6 million is missing, KPMG LLP said in a court filing.
Bubble bursting in
San Diego?
Trend
also seen in Las Vegas, Denver, Boston, Washington, D.C
Oil seen hitting
$65 per barrel
'The system
is being pushed beyond its sustainable limits'
Insurance cost
shuts down teen entrepreneur
Innovative fair
booth closed due to inability to pay $5,000 liability payment
The Banks Go
Begging
Booming
deposit growth has outstripped loan demand, forcing bankers to scratch for assets that can
help relieve some of the pressure from narrowing profit margins.
The Real Reasons
Why Iran is the Next Target: The Emerging Euro-denominated International Oil Marker
In 2005-2006, The Tehran government has a developed a plan to
begin competing with New York's NYMEX and London's IPE with respect to international oil
trades - using a euro-denominated international oil-trading mechanism
The Truth About The
United Nations And Its Agenda
The "idea" for
creating the United Nations was born a few years before the First World War. The idea was
named "League of Nations" and came from a book of fiction called "Phillip
Dru: Administrator". The author was Woodrow Wilson's socialist right hand man,
Colonel House.
"Maybe our ancestors will look back with some
amusement at our superhero Doomspan who created the world's largest supply of greenback
toilet paper." the New Australian
The
Great Global Social Security Giveaway?
As we ring in the new year, dark clouds are gathering over our
already dangerously fragile Social Security system. In December, the press reported on a
looming deal between the Administration and the government of Mexico which would make
hundreds of thousands of Mexican citizens eligible for U.S. Social Security benefits. The
centerpiece of the agreement would be a so-called "totalization," which would
mean that even if a Mexican citizen did not work in the United States long enough to
qualify for Social Security, the number of years worked in Mexico would be added to bring
up the total and thus make the Mexican worker eligible for cash transfers from the United
States.
MEYER AMSCHEL ROTHSCHILD
"PERMIT ME TO ISSUE THE CONTROL OF MONEY OF A NATION, AND I
CARE NOT WHO MAKES THE LAWS"
NESS.OB Gold News
Earnings Watch
Credit
Watch Bankruptcy News Precious
Metals The Money
Files
AMERICA'S
ENGINEERED DECLINE
Frosty Wooldridge
May 24, 2007
For the past two centuries, Americas middle class thrived. It bulwarked the
foundation of our liberties and became the envy of the world.
Today, because of Congressional-sponsored insourcing, offshoring, outsourcing along with
FTAA, CAFTA, NAFTA and other corporate tools, Americans find themselves joining the
race to the bottom.
In his laser-piercing book, AMERICAS ENGINEERED DECLINE, William Grigg
said, Even as our nation exports jobs that once opened the door to the middle class,
we are importing waves of unskilled immigrants, including millions of illegals. No longer
our protector, our political elite schemes to merge our country with other nations of this
hemisphere into a continent-spanning socialist mega-state modeled after the European
Union. MORE BIS warns of Great Depression dangers from credit spree
By Ambrose Evans-Pritchard
June 25th 2007
The Bank for International Settlements, the world's most prestigious financial body, has
warned that years of loose monetary policy has fuelled a dangerous credit bubble, leaving
the global economy more vulnerable to another 1930s-style slump than generally understood.
"Virtually nobody foresaw the Great Depression of the 1930s, or the crises which
affected Japan and Southeast Asia in the early and late 1990s. In fact, each downturn was
preceded by a period of non-inflationary growth exuberant enough to lead many commentators
to suggest that a 'new era' had arrived", said the bank.
The BIS, the ultimate bank of central bankers, pointed to a confluence a worrying signs,
citing mass issuance of new-fangled credit instruments, soaring levels of household debt,
extreme appetite for risk shown by investors, and entrenched imbalances in the world
currency system.
"Behind each set of
concerns lurks the common factor of highly accommodating financial conditions. Tail events
affecting the global economy might at some point have much higher costs than is commonly
supposed," it said.
The BIS said China may have
repeated the disastrous errors made by Japan in the 1980s when Tokyo let rip with excess
liquidity. More
Gold, Silver and the Coming Crisis in
Iran
Exclusive to STR
by Douglas Herman
Strike The Root | February 13th 2006
Some might call it the Deja Vu War, the same war happening all over again. The same
accusers and the same accusations, the same threats and the same predictable UN sanctions,
the same script and timetable. The same Shock and Awe air attack. The same stalemate. The
same wasted lives, wasted resources and squandered billions by the exact same culprit, the
state.
Since I wrote Day One - The War With Iran, Ive noticed many more columnists
predicting some sort of attack on Iran . Even Pat Buchanan penned a scenario (The American
Conservative to The Weekly Standard: Challenge Accepted) mirroring the scenario I had
outlined. Say what you will about the rogues running our government but they are nothing
if not predictable. MORE
The Nuking Of America's Economy
Forget Iran, Americans Should Be Hysterical About This
By Paul Craig Roberts
Rense | February 12th 2006
Last week the Bureau of Labor Statistics re-benchmarked the payroll jobs data back to
2000. Thanks to Charles McMillion of MBG Information Services, I have the adjusted data
from January 2001 through January 2006. If you are worried about terrorists, you don't
know what worry is. MORE
The Middle Class on the Precipice
Elizabeth Warren | Harvard Magazine
During the past generation, the American middle-class family that once could count on hard
work and fair play to keep itself financially secure has been transformed by economic risk
and new realities. Now a pink slip, a bad diagnosis, or a disappearing spouse can reduce a
family from solidly middle class to newly poor in a few months. MORE
Sinking Mexican Economy Exposes
Myth Of 'Free Trade'
By: Larry Elliott
December 12, 2005 | The Guardian
Expect much gnashing of teeth in Hong Kong this week. The chances of securing a
comprehensive trade deal are non-existent, with the talks now really about damage
limitation and the apportionment of blame.
The development charities will say that the selfish behaviour of the developed world has
condemned poor nations to further penury. Washington and Brussels will say the
negotiations have been stymied by the obduracy of India and Brazil. Economists will have a
field day explaining how the world is turning its back on millions of dollars' worth of
extra growth, and that the poor countries will be the ones who will really suffer if the
global economy lapses back into a new dark age of protectionism. MORE
CAFTA Passes: Dirty Tricks and
Devastating Consequences
Scott Ritsema/Prison Planet | August 3 2005
This past week, CAFTA passed the House of Representatives by a 217-215 vote. This vote,
especially on the Republican side of the isle, does not reflect the views of the American
people or the U.S. Constitution. Even many Rush Limbaugh listeners have called in to voice
their strong opposition to this so-called free trade agreement. In fact, one
poll suggests that half of the countrys Republican voters opposed CAFTA! Why, then,
did roughly 80% of Congressional Republicans favor it? But we all know that the Washington
insiders are completely out of touch with the American people and the Constitution. MORE
Natural Petroleum - NO Connection With Biological Matter
Gas Resources | May 5th 2005
"The claims which have traditionally been put forward to argue a connection between
natural petroleum and biological matter have been subjected to scientific scrutiny and
have been established to be baseless. The outcome of such scrutiny comes hardly as a
surprise, given recognition of the constraints of thermodynamics upon the genesis of
hydrocarbons. MORE Bankers Are Behind The Counter
Culture
The Aquarian Conspiracy
By Henry Makow PhD
5-8-5
We assume large corporations have economic objectives. But we don't expect them to have a
secret social and occult agenda as well.
For example, we don't expect them to engineer arrested development and family breakdown.
We don't expect them to use pop culture to foster alienation and dysfunction. MORE
The Illuminati Controlled Federal
Reserve 'Terrorists'
By Michael Shore
Tel Aviv 11-24-4
The biggest "terrorist" threat to the People in the U.S.A. is not Ossama bin
Laden or any other so-called "terrorist" leader or group. While Americans are
preoccupied with a rigged phony election and "wars for PROFIT" in Iraq and
Afghanistan, the Illuminati controlled Federal Reserve "terrorists" are
orchestrating a financial collapse in the U.S.A. that could destroy the U.S.A. and other
countries in the world much more than the Great Depression of 1929-32.
The biggest threat to America are the "terrorists" that are conducting
"FINANCIAL WARFARE" in America and other countries of the world, possibly
leading to s Global Financial Meltdown. These "terrorists" are a small covert,
clandestine, London, European and American based organization operating in the U.S.A. as a
supposed "U.S. government agency". MORE
ECONOMIC
COLLAPSE TO FOLLOW MILITARY DEFEAT
Why has the war in Iraq turned out to be such a mess? What was originally envisaged to be
a short campaign, which the Iraqis would welcome the liberators has now
developed into a political, strategic and military disaster. MORE
Waterloo!
David Chuhran
April 26, 2004
Politicians are fleas! They're just an annoyance. At least that's the way it is to the
World's bankers. I used to be politically passionate with many deep rooted convictions
about freedom, liberty, democracy, and the rights and wrongs regarding the interpretations
of the US Constitution. As a matter of fact, I was so passionate I spent seven and a half
years in the military willing to make the ultimate sacrifice in defense of our flag. Don't
get me wrong, I still believe, because the framers' intentions were clear. They were
escaping tyranny, not attempting to create it. MORE
The dollar may fall this March
America's foreign debt currently standing at $8,184 trillion will hit the debt
ceiling as early as February-March 2006
Pravda | January 14th 2006
The United States is heading to financial crisis at top speed. That is correct, America
will default on its foreign debt sooner or later if the actual trends remain unchanged.
Consequently, the whole dollar-based world (including savings in U.S. currency) may
crumble. In actuality, the public have grown tired of numerous forecasts regarding an
imminent collapse of the U.S. economy. The picture looks pretty grim this time around.
Several factors will have an extremely detrimental effect on the dollar, according to U.S.
Secretary of the Treasury John Snow who forwarded a letter full of ominous predictions to
21 members of U.S. Congress. MORE
Whats the Fed Up To With the Money Supply?
Robert McHugh | Safehaven.com
Over the past two days, December 21st - when our first Hindenburg Omen (of whatever
cluster is coming) - and Thursday December 22nd, the Federal Reserve has conducted one of
the largest two-day Repo injections of money into the system since back in September 2001.
On Wednesday they added $18.0 billion in reserves and on Thursday they added another $20.0
billion. Is this a coincidence, coming right as we get another Hindenburg Omen? Probably
not. Is something high-risk going on behind the scenes here? Let's review some facts at
the Fed. On November 10th, 2005, shortly after appointing Bernanke to replace
Greenbackspan, the Fed mysteriously announced with little comment and no palatable
justification that they will hide M-3 effective March 2006. M-3 has been the main staple
of money supply measurement and transparent disclosure since the Fed was founded back in
1913. MORE
The Real Purpose Of The Central American Free Trade Agreement (CAFTA)
By Deacon Elurby
8-3-5
Dear Professor Walter Williams,
During your hosting of Rush Limbaugh's radio show today, you covered the recent passage of
CAFTA, giving your listeners your reason for supporting it, which reason was the
traditional libertarian defense of individual freedom, and which freedom would include,
say, allowing the U.S.-based merchants of McDonnell Douglas, Hughes Electronics and Loral
Space and Communications to sell rocket technology to our enemy, Red China, so that she's
able to target U.S. cities with nuclear-tipped missiles from Chinese soil. Right,
professor? MORE
Paul
Wolfowitz, Strausscon Banker
By Kurt Nimmo
4-10-5
Now that warmonger and master Strausscon criminal conspirator Paul Wolfowitz has been
selected by our cardboard cutout president Bush to head up the international loan shark
operation, the World Bank, is it possible countries that default on their loans will be
shocked and awed into submission? Of course, the World Bank does not have a standing
army-it simply relies on the U.S. military to do its bidding.
"Wolfowitz, seen as a driving neoconservative voice behind Bush's controversial
strategy of pre-emptive military action and spreading democracy in the Muslim world,
pledged to serve the bank's multinational membership and to build consensus," writes
Adam Entous for Reuters .
Ah, yes, "spreading democracy" in much
the same way depleted uranium is spread by the wind. As for "consensus,"
Wolfowitz will certainly not bring this to the World Bank or its multinational members. If
anything, Wolfowitz and the Strausscons are anathema to anything multinational-except of
course multinational corporations. MORE
The Real Unemployment Rate is 23%
How and Why Jobs are Vanishing from America
Luke Exilarch; March 20, 2005
Jobs are vanishing from America. Many of us realize this from our personal experience, or
that of family members or friends.
The real unemployment rate is 23%
The federal government claims the unemployment rate for 2004 was 5.5% But the
governments unemployment rate statistic is a propaganda device. It does
not count as unemployed people who are not in the labor force.
According to economist Richard DuBoff, participation in the labor force by working-age
males has been drifting downward for more than 40 years. Therefore, the governments
official unemployment rate is an increasingly misleading statistic. MORE
What The Dollar's Collapse
Will Mean To The World
By Bruce Porteous
bruceport@xtra.co.nz 11-26-4
Over the last few days, there has been a number of articles in the media about the
steady decline of the $US against the Euro. While many economists have forecasted the
possiblity of the dollar declining against the Euro for sometime, most do not comprehend
the significance of this. Some believe that the decline of the dollar against the
currencies of American's trading partners will help correct the USA's trade deficit, and
the dollar will stop falling when the trade imbalance is corrected. However, the evidence
is that the opposite is happening - the $US has declined 40% against the Euro over the
last 2 years, and during this time America's trade deficit has continues to deteriorate. MORE
IMF at the core of the thief
With the swift conquest of Iraq, the serious business begins. Napoleon Bonaparte said:
The most dangerous moment comes with victory. However, for the globalists, the
coming drill is straight out of their standard play book. The dangerous moment will be for
the post war Iraq, not the narrowly defined international community that made
up the coalition. The much talked about triumvir of General Jay Garner, former director
James Woolsey of the CIA and Ahmed Chalabi stooge for that agency, is a ruse. The earnest
overhaul of Iraq into a model protectorate, will be the task of the entrusted enforcer -
the IMF and the World Bank. MORE
WHAT ARE THEY SMOKING AT THE
LABOR DEPT.?
By JOHN CRUDELE
May 11, 2004 -- DON'T get too excited
about all those new jobs that were supposed to have been created in April.
I'm not going to waste a lot of my precious space on this, but the bottom line is that
most of the 288,000 jobs that the Labor Department says were created last month may not
really exist. MORE
McNamara: The Sequel
CounterPunch Diary
By Alexander Cockburn
2-8-4
Apparently to McNamara's mortification, Errol Morris, whose film The Fog of War I recently
discussed here, passes over his subject's thirteen-year stint running the World Bank,
whither he was dispatched by LBJ, Medal of Freedom in hand.
McNamara brandishes his bank years as his moral redemption, and all too often his claim is
accepted by those who have no knowledge of the actual, ghastly record. No worthwhile
portrayal of McNamara could possibly avoid his performance at the World Bank, because
there, within the overall constraints of the capitalist system he served, he was his own
man. There was no LeMay, no LBJ issuing orders. MORE
Is The Fed Expecting
Catastrophe?
From Robt McHugh's Monetary forecast
of 5-30-4 and Richard Russell today 6-2-4
"Let me just say from the outset that the Federal Reserve has confirmed our Stock
Market Crash forecast by raising the Money Supply (M-3) by crisis proportions, up another
46.8 billion this past week. What awful calamity do they see? Something is up. This is
unprecedented, unheard-of pre-catastrophe M-3 expansion. M-3 is up an amount that we've
never seen before without a crisis - $155 billion over the past 4 weeks, a $2.0 trillion
annualized pace, a 22.2 percent annualized rate of growth!!! There must be a crisis of
historic proportions coming, and the Federal Reserve Bank of the United States is making
sure that there is enough liquidity in place to protect our nation's fragile financial
system. The amazing thing is, the Fed's actions mean they know what is about to happen.
They are aware of a terrible, horrific imminent event. What could it be?" MORE
Ending Our Plague
Before our children become rats.
Charles E. Carlson
Americans are sick with an intentionally spread disease far more deadly than anthrax. Our
Plague has symptoms: constant wars and the dilution of our wealth are the two most deadly.
Unlike the bubonic plague of the Middle Ages, our disease is being carefully crafted and
cultured by man, some few of whom benefit from it beyond our wildest imagination. MORE
Greenspan Testimony
Highlights Bush Plan for Deliberate Federal Bankruptcy
By
Michael Meurer
t r u t h o u t | Perspective
Fed Chairman Alan Greenspan's Feb. 25 testimony to the House Budget Committee provided an
unintentionally candid look at the Bush administration's deliberate fiscal policy of
bankrupting the federal government to justify a sweeping program of privatization. MORE
Letter To NY Atty General
Regarding Silver Manipulation
From Jason Hommel
To The Honorable Eliot
Spitzer: A crime is taking place at the COMEX. A default is about to occur in both the
gold markets and the silver markets. The crime is the creation of excessive and fraudulent
paper promises to deliver gold and silver that does not exist. This is a crime of fraud
that will hurt market participants as follows: MORE
President
Andrew Jackson stated in reference to the bankers at the state of his administration: "You
are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will
rout you out."
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Global Financial
Collapse Info & Links
Boycott
all: 1.(Gulag Labor ) Chinese Products! 2. 2nd Amendment Enemies: Bank One,
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Porn Peddlers: AT&T, MCI, Time-Warner!
Department of
Energy's (DOE) Science and Technology Information and Resources Click Here
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MILITARY POLICE INTERNMENT/RESETTLEMENT
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