Chavez: Castro Predicted Fall of Dollar
Thursday, April 10, 2008.
CARACAS, Venezuela (AP) — Venezuelan President Hugo Chavez said Thursday that his close friend Fidel Castro predicted the fall of the U.S. dollar. Chavez said Cuba’s 81-year-old former president mentioned the prediction some time ago before signs of a weakening dollar had begun to appear.
"Fidel told me one day, ’Chavez, it won’t be long before the crisis of the dollar occurs,’" the Venezuelan leader said in a (...)
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Chavez: Castro Predicted Fall of Dollar
13 April 2008 par (Open-Publishing)
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USA 2008: The Great Depression
1 April 2008 par (Open-Publishing)
USA 2008: The Great Depression
Food stamps are the symbol of poverty in the US. In the era of the credit crunch, a record 28 million Americans are now relying on them to survive – a sure sign the world’s richest country faces economic crisis
By David Usborne in New York
Tuesday, 1 April 2008
We knew things were bad on Wall Street, but on Main Street it may be worse. Startling official statistics show that as a new economic recession stalks the United States, a record number of (...) -
Alan Greenspan at the Feds : A Disaster for America
29 March 2008 par (Open-Publishing)
“Alan Greenspan had a ‘calming’ influence...on Wall Street!” - Sen. Hillary Clinton (D-NY), a wannabe President of the U.S.
How did Alan Greenspan ever get appointed to the chair of the prestigious Federal Reserve? This is the same guy who told a federal regulator, in 1984, not to worry about the Saving & Loan Industry. This was just before “15 of the 17 thrifts,” he said were sound, went under. That fiasco cost the taxpayers a whopping “$3 billion in losses.” Now, Greenspan’s shaky (...) -
Spain’s property market headed for a fall
29 March 2008 par (Open-Publishing)
Spain’s property market headed for a fall
By Mark Mulligan in Madrid
Published: March 26 2008 18:22 | Last updated: March 26 2008 18:22
Spain’s residential property market is heading for a hard landing, as tightening credit conditions exacerbate problems of oversupply and years of rampant price inflation, figures released Wednesday confirmed.
Completed house sales for January dropped 27 per cent year-on-year, according to the National Statistics Institute (INE), while total (...) -
NewWorldOrder is Unconstitutional via Section 8 of USA Constitution
18 March 2008 par (Open-Publishing)
2 commentsThe basis of all modern slavery is economics of money supply and control. All problems today in terms of war / employment / tax structure / and human suffering according to resource cost and control emminate from the world wide and especially in the USA private control of the money supply and it’s illegal regulation as a private corporation not operating under direct congressional control.
In fact the US constitution in section 8 states that congress (only), not a agent, sub contractor, (...) -
Argentina, Brazil to drop U.S. dollar in bilateral commercial transactions
16 March 2008 par (Open-Publishing)
1 commentArgentina, Brazil to drop U.S. dollar in bilateral commercial transactions
www.chinaview.cn 2008-03-16 14:03:09
BUENOS AIRES, March 15 (Xinhua) — Argentina and Brazil are to scrap bilateral commercial transactions in U.S. dollars and start using their own currencies from August, an official in charge of currency settlement at the Argentine Central Bank said here Saturday.
The new payment system is aimed at reducing costs in commercial transactions and would benefit small and (...) -
There’s a Beggar at the Door, It’s Your Banker
6 March 2008 par (Open-Publishing)
There’s a Beggar at the Door, It’s Your Banker By David Glenn Cox
My parents used to tell me about the last great depression, I vividly remember my father explaining to me how the landlady would come to beg his parents for the rent. Not to ask for the rent or demand the rent but beg. My grandparents would give her whatever they had at the time, fifty, seventy-five cents. She would leave, joyous for a small percentage of the five-dollar rent.
She was happy because it was her grocery (...) -
Oh, That Trillion Dollar Financial Bubble, It’s Leaking!
6 March 2008 par (Open-Publishing)
2 comments“Credit is the air that financial markets breathe, and when the air is poisoned, there’s no place to hide.” - Charles R. Morris
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I know! Let’s Rape Grandma!
1 March 2008 par (Open-Publishing)
I Know! Let’s Rape Grandma! By David Glenn Cox
With the current subprime crisis, most lenders don’t sleep well at night. For years they lived an idyllic life style, lending out a dollar and getting back a buck and a quarter. Come in late and leave early; only a pimp had it better. But bankers never had to contend with the cops or wayward hookers. Like a drug dealer they just stood on the corner and waited for the suckers to come to them.
Not that bankers don’t do good things for a (...) -
The Mother of All Dumb Ideas
27 February 2008 par (Open-Publishing)
The Mother of All Dumb Ideas By David Glenn Cox We’ve all had dumb ideas in our past and I don’t exempt myself from this. I once threw Gunk engine degreaser on the floor to degrease it. Just one thing, I forgot to turn off the pilot light on the water heater first. Dumb? Man, that was dumb. After I got the fire put out my boss asked me, "Did you learn anything today?" I slowly shook my head and humbly answered, "Yes, yes I did." But my mistake was an error, not of comprehension but (...)