By David Glenn Cox
It is a curiosity, these things which hide from us and call out to us, like someone who knows us all too well. While we move swiftly their call makes us pick up our pace even more and pretend not to hear them at all. America is a nation afraid of itself, afraid to slow down out of fear of what we will see. It is a nation in love with its own image, afraid that the truth will show us to be more than just a liar.
Teabags, fleabags, bailouts, shootouts, shout outs, rain (...)
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Dispatches From the Front
17 April 2009 par (Open-Publishing)
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The Rupture of the International Currency System is Confirmed
17 April 2009 par (Open-Publishing)
The Rupture of the International Currency System is Confirmed
by GEAB
Global Research, April 16, 2009 GEAB N°34, Summer 2009
Public Official statement GEAB N°34 (April 15, 2009)
The next stage of the crisis will be determined by a Chinese dream. Indeed, with what dream can Beijing dream well, according to Washington, in the "Dollar trap" of its 1.400 billion credits made out in US Dollars (1)? According to the American leaders and their procession of media experts, to continue to (...) -
A ’Copper Standard’ for the world’s currency system? China is switching its foreign reserves into metals
17 April 2009 par (Open-Publishing)
A ’Copper Standard’ for the world’s currency system?
Hard money enthusiasts have long watched for signs that China is switching its foreign reserves from US Treasury bonds into gold bullion. They may have been eyeing the wrong metal. By Ambrose Evans-Pritchard Last Updated: 2:41PM BST 16 Apr 2009
China’s State Reserves Bureau (SRB) has instead been buying copper and other industrial metals over recent months on a scale that appears to go beyond the usual rebuilding of stocks for (...) -
ONE WORLD, ONE MONEY?
16 April 2009 par (Open-Publishing)
ONE WORLD, ONE MONEY?
Creation of the euro, among other developments, has increasingly focused attention on the question of fixed exchange rates versus flexible exchange rates. Even in Canada, seminars and conferences have been held exploring the subject. Would a global move toward fixed exchange rates, including currency blocs, be a good idea or not?
Milton Friedman: Discussion of this issue requires replacing the dichotomy fixed or flexible by a trichotomy:
1. hard fixed (e.g., (...) -
Why Supplanting the Dollar Would Be Good for America
15 April 2009 par (Open-Publishing)
2 commentsWhy Supplanting the Dollar Would Be Good for America
By JUSTIN FOX Thursday, Apr. 09, 2009
New column: Down with the dollar! And up with the SDR! (Up with Esperanto, too, while we’re at it) Or maybe not. In the past few weeks, another rival to the dollar — created in 1969 but dormant for most of the time since — has made a spectacular re-entry onto the world scene. It goes by the ungainly name of special drawing right (SDR), and it is the currency not of some foreign rival but of the (...) -
The imbecility of financial markets
14 April 2009 par (Open-Publishing)
The imbecility of financial markets
By Dr.-Ing. Artur P. Schmidt
Tuesday, 14 April 2009
The U.S. sold 27 trillion USD in toxic credit-bundling products all over the world. The success was based to the fact that every minute a new idiot as a buyer was found - to finance the ailing U.S. empire. The process of globalization was the Idiotisierung of internationalized financial markets. Today, many banks are still houses the morgue.
Continue to read: (...) -
STRESS TEST MY ASS
14 April 2009 par (Open-Publishing)
STRESS TEST MY ASS
Do you think the government, Fed and the 19 banks that have majority ownership of the Fed are going to tell you the truth. YOU CAN’T HANDLE THE TRUTH!!!!!
These 19 banks are bankrupt. Wells Fargo reported a $3 billion profit. Bull Shit. The toxic assets and future bad mortgages are sitting on their balance sheet. The government is letting them lie to us about the value of those assets. This is all a sham. A giant confidence game cooked up by Geithner, Bernanke, and (...) -
practical solutions
13 April 2009 par (Open-Publishing)
is there reason to think that mankind can survive itself ? thats a loaded question to say the least. we hear of exciting new technologies, that could conceviably give us a fountain of youth, we see possibly advancements in green technology that could get eventually wean us from using oil for fuels. yet we also hear of wars and famines, we hear of the impractical solutions that we are given where crazy executives at monsato have decided to reengineer genetics and unleash their ill advized (...)
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The new definition of money
13 April 2009 par (Open-Publishing)
The new definition of money
Monday, 13 April 2009
The definition of money - since October, it is quite another. The Fed prints dollars and money expropriated owners. They are poorer and may then return to high interest rates to borrow - Don Harrold verdict. (Video engl.)
http://www.youtube.com/watch?v=-Bq4GKLC1MI -
The Economic Crisis: No, this will not be a Normal Cyclical Recovery
13 April 2009 par (Open-Publishing)
The Economic Crisis: No, this will not be a Normal Cyclical Recovery
by Prof. John Kozy
Global Research, April 12, 2009
The Congress, at the behest of corporate lobbyists, wrote into legislation the rules that permitted companies to offshore jobs, reduce real wages, and permit risky financial practices. Therein lies the root cause of this crisis.
Philip Tetlock, a professor at the University of California, Berkeley, spent two decades tracking 82,000 predictions made by 284 experts. (...)