London Banker: "The market has failed, and officialdom is perpetuating that failure."
By Mike Whitney
December 18, 2008 "Information Clearinghouse" --- Ever since the two Bear Stearns hedge funds defaulted 17 months ago triggering a global financial crisis, the Federal Reserve has been busy putting out one fire after another. Fed chief Ben Bernanke has slashed interest rates to .25 percent, handed out billions in emergency funding to teetering insurance companies and mortgage lenders, (...)
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London Banker: "The market has failed, and officialdom is perpetuating that failure."
18 December 2008 par (Open-Publishing)
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America’s Dollar Denominated "Toilet Paper"
18 December 2008 par (Open-Publishing)
America’s Dollar Denominated "Toilet Paper" How to Deflate the US Superpower and Restore Economic Sovereignty
by Matthias Chang
Global Research, December 17, 2008 FutureFastForward.com
It Is So Stupid To Borrow US Dollar "Toilet Papers" For Trade Finance.
There Can Be Only A Credit Crunch For Dollars If You Are Stupid Enough To Want To Be Paid And To Pay In Dollars.
Otherwise, There Is Only An Illusion Of A Global Credit Crunch.
This Is The Global Con Game By Bernanke, (...) -
China and The Financial Crisis
18 December 2008 par (Open-Publishing)
China and The Financial Crisis
by Andrew Hughes
Global Research, December 17, 2008
With the waves of destruction brought about by the Global Financial Meltdown there comes a defining moment of obligatory reflection. If such disaster has been visited upon the Globe, what lessons can be learned to dismantle the mechanism that brought it about in the first place?
The remedies proposed by Governments the world over are not working as every real economic indicator confirms. The eternal (...) -
PETITION - "We will not pay for your crisis !". For a European social movement
16 December 2008 par (Open-Publishing)
PETITION - "We will not pay for your crisis !". For a European social movement
« We will not pay for your crisis !!
« We will not pay for your crisis » is the slogan that has been echoing in all Italy for more than a month now. The wave of protests is spreading and more than 300 000 demonstrators on November 14th have taken up the slogan that across the borders shout at our political leaders. They are thousands of students, teachers and parents, who are thinking and acting for another (...) -
Collapse of Pension Funds: The End of Retirement?
13 December 2008 par (Open-Publishing)
Collapse of Pension Funds: The End of Retirement?
by Shamus Cooke
Global Research, December 13, 2008
Unless things change fast, human history will show that the phenomenon of “retirement” was limited to one generation. After World War II, when European and Japanese economies stood in tatters, American capitalism could fulfill “the American dream,” since there was little foreign competition to speak of. For the first time ever, workers were promised that — after working thirty or (...) -
Monopoly Men (Federal Reserve Fraud) Must see Video!!!
12 December 2008 par (Open-Publishing)
Monopoly Men (Federal Reserve Fraud) Must see Video!!!
The Federal Reserve, or the Fed as it is lovingly called, may be one of the most mysterious entities in modern American government. Created during Wilson’s presidency to protect the economy in times of financial turmoil, its real business remains to be discovered. During the Wilson presidency, the U.S. government sanctions the creation of the Federal Reserve. Thought by many to be a government organization maintained to provide (...) -
Capitalist Fools
12 December 2008 par (Open-Publishing)
Capitalist Fools
by Prof. Joseph E. Stiglitz
Global Research, December 11, 2008 Vanity Fair
Behind the debate over remaking U.S. financial policy will be a debate over who’s to blame. It’s crucial to get the history right, writes a Nobel-laureate economist, identifying five key mistakes—under Reagan, Clinton, and Bush II—and one national delusion.
There will come a moment when the most urgent threats posed by the credit crisis have eased and the larger task before us will be to (...) -
Excess Debt and Deflation = Depression
12 December 2008 par (Open-Publishing)
Excess Debt and Deflation = Depression
by Stephen Lendman Global Research, December 12, 2008
Irving Fisher (1867 - 1947) was perhaps the most noted economist of his day. The Concise Encyclopedia of Economics calls him "one of America’s greatest mathematical economists and one of" its clearest writers. He earned special acclaim for his work on monetary and statistical theory, policy, index numbers, econometrics, and the distinction between real and nominal interest rates.
He’s also (...) -
12.12.08: Understanding the Next Phase of the Global Systemic Crisis (1 hour radio show)
12 December 2008 par (Open-Publishing)
12.12.08: Understanding the Next Phase of the Global Systemic Crisis (1 hour radio show)
"Understanding the Next Phase of the Global Systemic Crisis" with Director of Research for the GlobalEurope Anticipation Bulletin, Franck Biancheri. We discuss the global systemic crisis leading to a Very Great Depression in the United States. Each month, the Bulletin brings its unique analyses of the upcoming stages of the collapse of the world order created after 1945, as well as numerous (...) -
The Monster Factory
11 December 2008 par (Open-Publishing)
The Monster Factory By David Glenn Cox
“True they have tried, but their efforts have been cast in the pattern of an outworn tradition. Faced by failure of credit they have proposed only the lending of more money. Stripped of the lure of profit by which to induce our people to follow their false leadership, they have resorted to exhortations, pleading tearfully for restored confidence. They know only the rules of a generation of self-seekers. They have no vision, and when there is no (...)