FOLLOWING THE ROMANS
Submitted by Dock Treece on Thu, 15 Jul 2010
If the last couple weeks are any judge, it doesn’t look like the stock market is going to crash – at least not yet. Unfortunately, this has hardly stopped the dooms-dayers from predicting a return to the Stone Age. Some of the theories coming out sound an awful lot like Jimmy Carter, just much worse.
In their analyses, many economists (and conspiracy theorists) observe similarities between current economic circumstances (…)
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USA: FOLLOWING THE ROMANS
16 July 2010 par (Open-Publishing)
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Chinese "Dagong Global rating" down grades the United States to "AA"
13 July 2010 par (Open-Publishing)
Chinese "Dagong Global rating" down grades the United States to "AA".
Wang Xin Long
One of the lessons from China known as the financial crisis has drawn the People’s Republic, is that that the large, mainly American, rating agencies is not to be trusted.
the German system, press habitually hushed up by, were now in the Chinese state television, the three great American Ratingesellschaften Moody’s Investors Service, Standard & Poors and Fitch Ratings in the public media pillory (…) -
The U.S. Economy is Falling. Towards another Credit Collapse
3 July 2010 par (Open-Publishing)
The U.S. Economy is Falling. Towards another Credit Collapse?
by Bob Chapman
Global Research, July 3, 2010 International Forecaster
The Fed says US unemployment is likely to stay high for a long time, and that justifies zero interest rates indefinitely.
The June Chicago Purchasing Managers Index was 59.1 vs. 59.7 in May. The employment component rose to 54.2 from 49.2 in May. New orders fell to 59.1 from 62.7.
Homebuilder Lennar is cutting new home prices 15% as new orders fell (…) -
UN calls for scraping dollar
30 June 2010 par (Open-Publishing)
UN calls for scraping dollar
Wed, 30 Jun 2010
A UN report released on Tuesday calls for abandoning the US dollar as the main global reserve currency to achieve greater stability in the world financial system.
"The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency," said the World Economic and Social Survey 2010.
The use of the dollar for international trade came under increasing scrutiny when the US economy fell into recession. (…) -
The dollar, not the euro, is threatening a major crisis
20 June 2010 par (Open-Publishing)
The dollar, not the euro, is threatening a major crisis
F. William Engdahl
We have at this point already explained in detail how the Wall Street and Obama’s finance minister, together with the U.S. credit-rating agencies since the December attack on Greece and the weaker countries to ride the euro zone. This cash warfare - it is war in the truest sense of the word - if the pressure of a far more serious problem to be taken, namely the stability of the U.S. dollar and its future as a (…) -
Global systemic crisis / Second half of 2010: The global system’s four single points of failure
17 June 2010 par (Open-Publishing)
Global systemic crisis / Second half of 2010: The global system’s four single points of failure Public announcement GEAB N°46 (June 16, 2010) -
Each day the news confirm the extent to which the global systemic crisis has now entered into the phase of global geopolitical dislocation, even if the media only timidly begin to interpret the historic upheavals which unfold before our own eyes. For LEAP/E2020, the second half of 2010 will thus correspond to a new step in the global geopolitical (…) -
Venezuela is the second largest economy in South America
28 May 2010 par (Open-Publishing)
1 commentSouth America: Venezuela the second largest economy in the region
Attilio Folliero and Cecilia Laya, Caracas 10/05/2005 - Updated 13/05/2010 and 21/05/2010
First published in
It’s official: in 2009 the GDP of Venezuela has overtaken Argentina. According to data recently published by International Monetary Fund (1), in 2009 the GDP of Venezuela was 337.30 billon dollars, compared with 310.07 billion dollars of GDP in Argentina. It ’s the first time that Venezuela over Argentina and is (…) -
Obama and the west countries
28 May 2010 par (Open-Publishing)
Western states obliged to help the United States! The U.S. public debt scary, almost 13 trillion dollars, which will add tens of trillions of dollars in other obligations. A portion of U.S. public debt is financed by foreign states, by buying U.S. Treasury bonds.
At the end of March 2010, the foreign countries holding U.S. bonds totaling 3884.60000000000 dollars, according to the latest data published last May 17 (1).
The figure is steadily increasing, although this amount was 3.071 (…) -
Global systemic crisis – From «Eurozone coup d’Etat» to the tragic solitude of the UK
18 May 2010 par (Open-Publishing)
Global systemic crisis – From « Eurozone coup d’Etat » to the tragic solitude of the United Kingdom, the pace of global geopolitical dislocation accelerates Public announcement GEAB N°45 (May 16, 2010) -
Just as anticipated by LEAP/E2020 in issues N°40 (December 2009) and N°42 (February 2010), spring 2010 really marks a tipping point of the global systemic crisis, characterized by a sudden expansion due to the intolerable size of public deficits (see issue N° 39, November 2009) and the (…) -
Video: Why Are so Many Corporations Not Paying any Taxes in Maryland?
15 April 2010 par (Open-Publishing)
At a press conference in Annapolis, Maryland, on Tax Day, April 15, 2010, social justice activists charged: “Fully one-third of the biggest corporations in Maryland paid absolutely nothing in state income taxes in 2007!” Matthew Weinstein, Fiscal Policy Director for “Progressive Maryland,” added: “The Maryland Chamber of Commerce (MCC) has played our state legislators for suckers for years...Maryland families are subsidizing business to the tune of $2 billion a year.” The event was held in (…)