Silver State Bank in the United States broke - McCain son sat on the Board
New York (dpa-AFX) - The bankruptcy of a U.S. bank this year also radiates to the presidential election campaign. The Silver closed on Friday from Nevada State Bank was a son of Republican candidate John McCain, until recently, the Board of Directors and was among other things for overseeing the finances. There was however no evidence of misconduct by the 46-year-old Andrew McCain, a Adoptivsohns from John McCains (…)
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Silver State Bank in the United States broke - McCain son sat on the Board
9 September 2008 par (Open-Publishing)
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Energy Producers Waste More Than $40 billion
5 September 2008 par (Open-Publishing)
Making Sour Gas Into Sweet Energy
A 2004 report by the World Bank provided the shocking news: Every year, energy producers waste more than $40 billion by burning off gas at their oil fields and sending it into the atmosphere.
The World Bank’s latest statistics estimate that energy producers annually waste 110 billion cubic meters of natural gas—gas that could be transformed into usable energy—by flaring it. This is a tremendous waste. It’s also harmful to the environment. Such massive (…) -
WAG THE DOG: HOW TO CONCEAL MASSIVE ECONOMIC COLLAPSE
16 August 2008 par (Open-Publishing)
By Ellen Brown “I’m in show business, why come to me?” “War is show business, that’s why we’re here.” – “Wag the Dog” (1997 film)
Last week, Fannie Mae and Freddie Mac had just announced record losses, and so had most reporting corporations. Unemployment was mounting, the foreclosure crisis was deepening, state budgets were in shambles, and massive bailouts were everywhere.
Investors had every reason to expect the dollar and the stock market to plummet, and gold and oil to shoot up. (…) -
Confusion at IndyMac fuels customers’ anger
17 July 2008 par (Open-Publishing)
Confusion at IndyMac fuels customers’ anger By Andrea Chang, E. Scott Reckard and Kathy M. Kristof Los Angeles Times Staff Writers
July 16, 2008
Depositors of failed IndyMac Bank endured long waits in the summer heat for a second day Tuesday, with crowds becoming irate at several branches and customers with large accounts complaining of serious problems in getting their money.
Banking experts said the chaotic scenes risked touching off runs on other banks unless federal (…) -
IndyMac Bank Fails
12 July 2008 par (Open-Publishing)
On July 11, 2008, IndyMac Bank, F.S.B., Pasadena, CA was closed by the Office of Thrift Supervision (OTS) and the Federal Deposit Insurance Corporation (FDIC) was named Conservator. All non-brokered insured deposit accounts and substantially all of the assets of IndyMac Bank, F.S.B. have been transferred to IndyMac Federal Bank, F.S.B. (IndyMac Federal Bank), Pasadena, CA ("assuming institution") a newly chartered full-service FDIC-insured institution. No advance notice is given to the (…)
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“As GM Goes, So Goes the Nation”
8 July 2008 par (Open-Publishing)
1 comment“As GM Goes, So Goes the Nation” By David Glenn Cox
“As GM Goes, So Goes the Nation.” Such was the conventional wisdom in the 1960’s when GM churned out Chevelles, Camaros, Cutlasses, Catalinas, and Cadillacs by the millions. Maybe the saying "runs like a Cadillac" will outlive the company; maybe “As GM Goes, So Goes the Nation” has never been truer. GM’s future is bleak, analysts predict that GM may soon go broke as new car sales stumble.
Did the American (…) -
First major wave from the economic collapse of the United States hits Canada
7 July 2008 par (Open-Publishing)
Half-Truths: One of the main reasons the economic collapse of the United States is catching many people by surprise is because our ‘elected leaders’ and the mainstream media continue to tell half-truths.
For example, in early June 2008, the biggest news in Canada was that General Motors was going to halt production at “the Oshawa plant, which produces the Chevrolet Silverado and the GMC Sierra, sometime in 2009, axing around 2,600 jobs in the process.”
Mainstream news sources tell us (…) -
Entire US financial system is to come under the scrutiny of the IMF
29 June 2008 par (Open-Publishing)
The entire US financial system is to come under the scrutiny of the IMF. Humiliation for Mr. Dollar: Ben Bernanke, the chairman of the United States Federal Reserve Bank, faces a general investigation by the International Monetary Fund. Just one more example of the Fed losing its power. For seven years, US President George W. Bush refused to allow the IMF to conduct its assessment. Even now, he has only given the IMF board his consent under one important condition. The review can begin in (…)
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A Secret Oil Gusher Inside Citigroup
24 June 2008 par (Open-Publishing)
A Secret Oil Gusher Inside Citigroup June 21 / 22, 2008
Two Federal Agencies Are Culpable in Oil Price Manipulations
By PAM MARTENS
If you want to flush out market manipulation, don’t turn to the sleuths in Congress. They’ve been probing trading of the oil markets for two years and completely missed a company at the center of the action. During that period, a barrel of crude oil has risen from $50 to $140, leaving a wide swatch of Americans facing a choice this coming winter of (…) -
Global stock market analysis from 2003 to 2008 in US dollars and Euros: Update on the collapse of the US
21 June 2008 par (Open-Publishing)
3 commentsIntroduction: A few years ago I had the opportunity to do research into certain conspiracy theories, once I came to terms with what I was finding, I began to look at the consequences of what was happening.
The first place I looked was the financial markets. After doing some number-crunching the trends became clear. That’s when I contacted friends and family and began my long and bittersweet campaign of warning them about the pending economic collapse of the United States. Some listened, (…)