Cooperation or Competition?
Major economic crises had in the past, the outbreak of war encouraged, or at least they were usually preceded. It is not clear whether the war was followed by the crisis to the incompetence of those responsible, and deflect the anger of the victim to steer to the outside, or whether the crisis of the leaders was staged, with the war to make their political ideas forward. If the former, the opinion is widespread, the latter seems to me on closer inspection, the (…)
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Cooperation or Competition?
13 April 2009 par (Open-Publishing)
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Solution to The Financial Crisis: "Liquidate the banks and fire the executives"
12 April 2009 par (Open-Publishing)
1 commentSolution to The Financial Crisis: "Liquidate the banks and fire the executives" Recommendations of the Warren Report:
by Mike Whitney
Global Research, April 11, 2009
On Tuesday, a congressional panel headed by ex-Harvard law professor Elizabeth Warren released a report on Treasury Secretary Timothy Geithner’s handling of the Troubled Assets Relief Program (TARP). Warren was appointed to lead the five-member Congressional Oversight Panel (COP) in November by Senate majority leader Harry (…) -
Global Quantitative Easing
12 April 2009 par (Open-Publishing)
Global Quantitative Easing
By: Trace Mayer, J.D.
Quantitative easing appears to be the new fad among central bankers including the Bank of England, Japan, Switzerland and the Federal Reserve. Quantitative easing is a tool of monetary policy. The effect is an increase in the quantity of currency without regard to maintaining its quality.
CANADIAN QUANTITATIVE EASING Bloomberg has reported that the Bank of Canada Governor ”Carney has pledged to lay out a plan that would flood banks (…) -
Moscow’s stock market once again No. 1
11 April 2009 par (Open-Publishing)
Moscow’s stock market once again No. 1 By Andreas Männicke Saturday 11 April 2009
100% chance is Eastern Europe. Fulminant bullish on the stock market Ostbörsen. BRIC is again an issue. Japan’s mega-cyclical program. Oil price at year high. Gold breaks a default preference values. Strong profit likely.
Totgeglaubte live longer: The RTS index, one of the many stock market barometer of the Russian stock market rose on 8 April on USD basis to 6.62% at 810.3 index points. Thus, the RTS (…) -
Economic Crisis: No End In Sight
10 April 2009 par (Open-Publishing)
Economic Crisis: No End In Sight Worse than the Great Depression
by Mike Whitney
Global Research, April 9, 2009
It’s been 21 months since two Bear Stearns hedge funds defaulted setting off a series of events which have led to the gravest economic crisis since the Great Depression. No one expected the financial meltdown to hit this hard or spread this fast. The failure at Bear triggered a freeze in the secondary market where mortgage loans are repackaged into securities and sold to (…) -
China’s Proposal for a Super-sovereign Reserve Currency System
10 April 2009 par (Open-Publishing)
China’s Proposal for a Super-sovereign Reserve Currency System Reform the International Monetary System
by Zhou Xiaochuan
Global Research, April 9, 2009 People’s Bank of China
Proposal of the Governor of the People’s Bank of China presented to the G20 Meetings
The outbreak of the current crisis and its spillover in the world have confronted us with a long-existing but still unanswered question,i.e., what kind of international reserve currency do we need to secure global financial (…) -
Video: Ex-Rep. Gilchrest: Pressure Groups Have “a Hold on Congress!”
7 April 2009 par (Open-Publishing)
On April 7, 2009, a public hearing on the “True Costs and Benefits of US Military Aid to the Middle East, 1980-2010),” was held on Capitol Hill, in Washington, D.C., in the Rayburn House Building, room 2168. One of the speakers was ex-Rep. Wayne Gilchrest (R-MD). He said that pressure groups, on Middle East issues, have “a hold on Congress.” He mentioned “AIPAC” as one of the groups. The event was sponsored by the “Council for the National Interest,” see: http://www.cnionline.org/ For (…)
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The Money Masters - How International Bankers Gained Control of America
7 April 2009 par (Open-Publishing)
http://video.google.com/videoplay?docid=-515319560256183936&ei=WoLbSeehJ4L4-AaZ_4yRBw&q=money+masters
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Bernanke’s Financial Rescue Plan: The growing prospect of a U.S. default
7 April 2009 par (Open-Publishing)
Bernanke’s Financial Rescue Plan: The growing prospect of a U.S. default
by Mike Whitney
Global Research, April 6, 2009
Fed chief Ben Bernanke has embarked on the most radical and ruinous financial rescue plan in history. According to Bloomberg News, the Fed has already lent or committed $12.8 trillion trying to stabilize the financial system after the the bursting of Wall Street’s speculative mega-bubble. Now Bernanke wants to dig an even bigger hole, by creating programs that will (…) -
US Consumers fall behind on loans at record rate
7 April 2009 par (Open-Publishing)
US Consumers fall behind on loans at record rate
Updated 19h 13m ago
By Kathy Chu, USA TODAY
A record number of consumers are falling delinquent or into default on their loans, a problem that some economists say will only get worse this year.
A record 4.2% of consumer loans were delinquent at least 30 days in the fourth quarter, the latest data available, according to the Federal Reserve. Another 4% of consumer loans were in default, meaning they’d been written off by lenders. (…)