Near-panic atmosphere as US Federal Reserve chairman testifies before Congress
By Barry Grey 9 November 2007
On Thursday, one day after American stock markets plummeted in the face of mounting bank losses, soaring oil prices and record lows for the US dollar, Federal Reserve Board Chairman Ben Bernanke gave a gloomy economic forecast in testimony before Congress’ Joint Economic Committee.
Bernanke admitted that the US housing slump and the credit crisis resulting from soaring (…)
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Near-panic atmosphere as US Federal Reserve chairman testifies before Congress
9 November 2007 par (Open-Publishing)
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Markets fear banks have $1 trillion in toxic debt
6 November 2007 par (Open-Publishing)
Markets fear banks have $1 trillion in toxic debt
By Sean O’Grady, Economics Editor
Published: 06 November 2007
A new phase in the credit crunch, one of “$1 trillion losses” seems to be dawning. The crisis at Citigroup and renewed doubts about some of the world’s leading banks disquieted stock markets on both sides of the Atlantic yesterday, with the fractious mood set to continue.
The FTSE 100 fell 69.2 to 6,461.4, with Alliance & Leicester (down 4 per cent) and Barclays (off (…) -
Japanese pay for Iran oil in yen
29 October 2007 par (Open-Publishing)
Japanese pay for Iran oil in yen
South Korea, China, Taiwan, Russia, Syria and Italy have announced plans to reduce their dollar holdings. Japanese oil refiners have started paying for Iranian crude oil in yen instead of dollars. Japan’s largest oil refiner, Nippon Oil Corp., announced the change in September; Cosmo Oil Co. and Japan Energy Corp. followed suit in October.
How significant is it that more and more nations are ceasing to use the dollar to conduct international trade? (…) -
Jim Rogers Shifts Assets Out of Dollar to Buy Yuan
24 October 2007 par (Open-Publishing)
1 commentJim Rogers Shifts Assets Out of Dollar to Buy Yuan
By Marcel van de Hoef and Danielle Rossingh
Oct. 24 (Bloomberg) — Jim Rogers, chairman of Beeland Interests Inc., said he is shifting all his assets out of the dollar and buying Chinese yuan because the Federal Reserve has eroded the value of the U.S. currency.
I’m in the process of — I hope in the next few months — getting all of my assets out of U.S. dollars,’’ said Rogers, 65, who correctly predicted the commodities rally in (…) -
"American" Afghanistan’s Three Major Crops: Opium, Human Organs and Children
23 October 2007 par (Open-Publishing)
3 commentsI just heard an eyewitness account of life in Afghanistan that curdled my blood. Have you heard similar reports? "Since the American takeover of Afghanistan, the major crops there are now opium, human organs and children." What is the lowest denominator that human beings can sink to? It’s all happening in American Afghanistan.
Of course we know about the secret torture chambers that American and Pakistani contractors have set up there. But do you know why they are there? "People are being (…) -
GEAB N°18: Seven sequences of the impact phase of the global systemic crisis (2007-2009)
21 October 2007 par (Open-Publishing)
GEAB N°18: Seven sequences of the impact phase of the global systemic crisis (2007-2009)
Since the existence of a global crisis has been generally acknowledged, the course of events of the impact phase of the global systemic crisis has become more accurately anticipable. The psychological factors involved as well as the possible types of actions and reactions, cast a lot of light on the upcoming processes.
Today, LEAP/E2020 researchers have come to the conclusion that the impact phase of (…) -
It’s Time for the Banks to Face the Hangman
19 October 2007 par (Open-Publishing)
It’s Time for the Banks to Face the Hangman by Mike Whitney
October 19th, 2007 How can one defend a system that creates wealth by making the majority poor?
– Henry C. K. Liu
Officials in the Treasury Department — working with their colleagues at Citigroup, J.P. Morgan and Bank of America — have concocted a scheme to rescue the banks from their massive losses in mortgage-backed securities. The group is planning to set up a $100 billion emergency fund that will purchase non-performing (…) -
PEACE PRIZE AWARDS TO WAR CRIMINALS
19 October 2007 par (Open-Publishing)
Nobel Hypocrisy By Stephen Lendman
Alfred Nobel was a wealthy nineteenth century Swedish-born chemist, engineer, inventor of dynamite, armaments manufacturer and war profiteer who remade his image late in life by establishing the awarding of prizes in his name that includes the one for peace. This most noted award was inspired by his one-time secretary and peace activist, Bertha von Suttner, who was nominated four times and became the first of only 12 women to be honored.
Since it was (…) -
The White House & Con[gress] Fits the Bill — Take the Tour
16 October 2007 par (Open-Publishing)
http://www.fraudaid.com/Fraud-Secrets-a-Backstage-Tour.htm
OIL! MONEY! SECRETS! & LIES!
"Heh, heh, heh, heh, heh." George W. Bush -
Amazing Video: THE LIGHTBRINGERS: The Emissaries of Jahbulon (History of Freemasonry)
12 October 2007 par (Open-Publishing)
Amazing Video: THE LIGHTBRINGERS: The Emissaries of Jahbulon (History of Freemasonry)
– http://video.google.com/videoplay?d...