The Obama Crossroads: Neo-Liberal Coup or Responsible Government
by Prof. John McMurtry
Global Research, February 1, 2009
When the U.S. Treasury gave away $700 billion to Wall Street banks with no strings attached in October of 2008, the Obama team gave a green light. A popular insurgence was soon silenced, with public wrath directed instead at the U.S. auto producers (and unions) who followed with a request for $25 billion. The auto companies ended up with a loan of about 1/50th the (...)
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The Obama Crossroads: Neo-Liberal Coup or Responsible Government
2 February 2009 par (Open-Publishing)
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Economic meltdown could cost 50 million jobs, says ILO
2 February 2009 par (Open-Publishing)
One World South Asia 29 January 2009
The global economic crisis is expected to lead to a dramatic increase in the number of people joining the ranks of the unemployed, working poor and those in vulnerable employment, the International Labour Office (ILO) says in its annual Global Employment Trends report (GET).
Source: minnesotaindependent.com
The ongoing financial crisis could add another 50 million to the globally unemployed. This grim scenario is predicted by ILO’s latest report (...) -
Worse than the Great Depression
1 February 2009 par (Open-Publishing)
Worse than the Great Depression
by Dr. Krassimir Petrov
Global Research, February 1, 2009 GoldSeek.com
The mainstream media and Wall Street have reached the consensus that the current credit crisis is the worst since the post-war period. George Soros’ statement that ”the world faces the worst finance crisis since WWII” epitomizes the collective wisdom. The crisis is currently the ultimate scapegoat for all the economic evils that currently plague the global financial system and the (...) -
China Considering Dropping U.S. Treasuries for Gold
31 January 2009 par (Open-Publishing)
China Considering Dropping U.S. Treasuries for Gold
Posted January 30th, 2009 by MississippiGRITS
LONDON, Jan 30 (Reuters) - Gold slipped from a three-month high on Friday after data showed the U.S. economy had contracted by less than expected in the fourth quarter, taking some of the heat out of safe-haven buying.
Spot gold climbed 2 percent to $926.90 an ounce, its highest since Oct 10. It was quoted at $918.90/920.90 an ounce at 1406 GMT, up from $906.75 in New York late on (...) -
We’re the Government - and You’re Not !
25 January 2009 par (Open-Publishing)
What if the U.S. government released an "educational video" to teach today’s Americans how to be good citizens?
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Death of the American Empire: America is self-destructing & bringing the rest of the world down with it
25 January 2009 par (Open-Publishing)
Death of the American Empire: America is self-destructing & bringing the rest of the world down with it
By Tanya Cariina Hsu
Global Research, October 23, 2008
I believe that banking institutions are more dangerous to our liberties than standing armies. (Thomas Jefferson, US President; 1743 - 1826)
America is dying. It is self-destructing and bringing the rest of the world down with it.
Often referred to as a sub-prime mortgage collapse, this obfuscates the real reason. By (...) -
Economics the Hard Way
23 January 2009 par (Open-Publishing)
By David Glenn Cox http://theservantsofpilate.com
My father used to lament the poor mathematical performance of his children, “They struggle to get a C in math, yet they always know to the penny how much allowance they are due.” It was true enough and goes straight to the heart of the problem with numbers. We have a fundamental disconnect with the numbers that don’t affect us directly. The cheering crowd on the National Mall Tuesday, estimated to be one million plus, was truly an amazing (...) -
The Economy Tanking rapidly! Faster than expected! Prepare NOW!
22 January 2009 par (Open-Publishing)
The Economy Tanking rapidly! Faster than expected! Prepare NOW!
The economy is collapsing faster than expected. The dollar will be gone in a matter of months. DR Ron Paul said on Tuesday the Treasury is already looking for a new currency. The Banksters have stolen all the money they can from us! The economy will NOT get better for many years... Many many years...
And most Americans sit and watch their TV’s and are told everything is going to be alright!
Its NOT and we know it! (...) -
Fmr chief of US Federal Reserve and current economic adviser to President Obama warns of US dollar crash
22 January 2009 par (Open-Publishing)
Paul Volcker, the former chief of the U.S. Federal Reserve and current economic adviser to President Barack Obama warns of U.S. dollar Crash
Tobias Bayer (Frankfurt)
He was famous for his tough anti-inflation rate at the top of the U.S. central bank in the’80s. Now the 81-year-old adviser to Obama. In unusually sharp words, he drew a gloomy picture of the U.S. economy.
Paul Volcker, the former chief of the U.S. Federal Reserve and current economic adviser to President Barack Obama, (...) -
Global Depression. This Doesn’t Look Good: Taiwan, Korea and China Exports Tank
20 January 2009 par (Open-Publishing)
These look a lot like charts of financial variables after a bubble bursts, not charts of the level of exports. That isn’t good.
Looking just as the monthly data risks being misleading. There is a lot of seasonality in Taiwan’s exports. They usually dip in February. It is a short month, it often corresponds with the Chinese new year and the data isn’t seasonally adjusted. A small dip in December after the end of the Western holiday season also isn’t unusual. But such a big dip in December (...)