In Designing Their New Economic Ship Of State, Corporations Forgot What Fuels Economies - The Gas Tank Is Dry
Dan Stafford - 09/22/2008
No economy works if the majority of the populace can’t afford to buy anything.
This should be simple and basic. If wages are too low, and costs too high, across a broad spectrum of the population , economic activity stops. The rich will only buy so many items, being one % of the population, or so, they are not enough to "fuel" a global economy. (...)
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The Economic Gas Tank Is Dry - By Corporate Design
22 September 2008 par (Open-Publishing)
1 comment -
It’s time for All of us to weigh-in on global economic policy - NOW, before Bush grabs extreme powers
22 September 2008 par (Open-Publishing)
1 commentAll - we need to speak loudly and clearly now, in the pivotal moments of this artificially-induced economic melt-down.
I believe that the Fascists have engineered this crisis in order to implement an unprecedented economic power grab.
The calls by Democrats and others for oversight and a plan that serves and saves everyday people needs to be supported. If every voice is not raised, there will be unprecedented human suffering as the rich seize anything and everything they wish.
The (...) -
The Fed, AIG, Congress, Third Party Candidates and the Debt
20 September 2008 par (Open-Publishing)
“We seek an...investigation and audit of ‘The Fed.’” - Ralph Nader, Cynthia McKinney, Chuck Baldwin and Bob Barr (1)
On Sept. 16, 2008, Ben S. Bernanke, the Chair of the Federal Reserve, aka “The Fed,” along with the Treasury Secretary, Henry M. Paulson Jr., made a trip to Capitol Hill. Why? It was a courtesy call to brief the hapless politicos of the U.S. Congress, such as Senate Majority leader Harry Ried (D-NV) and House Speaker, Nancy Pelosi (D-CA). “The Fed” had agreed, on its own (...) -
America Is Bankrupt
20 September 2008 par (Open-Publishing)
America Is Bankrupt
by Mike (in Tokyo) Rogers
A recent trip to the United States – after a three-year absence – showed me how far the country and its people have deteriorated in a short period of time. Americans are bankrupt. They are bankrupt at every possible level: spiritually, morally, educationally. The country’s economy has deteriorated to the level of a Philippines or a Thailand (and I mean no disrespect to the Philippines or Thailand – I love those places).
Human-to-human (...) -
Russia Was Better Prepared for Collapse than the U.S.
20 September 2008 par (Open-Publishing)
Russia Was Better Prepared for Collapse than the U.S.
Dmitry Orlov Energy Bulletin January 16, 2008
Originally published: December 4, 2006
Good evening, ladies and gentlemen. I am not an expert or a scholar or an activist. I am more of an eyewitness. I watched the Soviet Union collapse, and I have tried to put my observations into a concise message. I will leave it up to you to decide just how urgent a message it is.
My talk tonight is about the lack of collapse-preparedness here (...) -
Dillon, Read & Co. Inc. and the Aristocracy of Stock Profits
20 September 2008 par (Open-Publishing)
Dillon, Read & Co. Inc. and the Aristocracy of Stock Profits
by Catherine Austin Fitts
This is a historic documentation about the current international economic melt down, coup organisation, Identities, tricks and timelines of the international elite. It’s long and complete - save it to disc. It speaks about who is profiting from drugs and the privatisation of prisons and follows the $highway all the way.
http://www.dunwalke.com/ -
Anxiety rises as the era of easy credit comes to an abrupt end: The Party is over!
20 September 2008 par (Open-Publishing)
Anxiety rises as the era of easy credit comes to an abrupt end
Updated 21h 7m ago
By David Lieberman, USA TODAY
The years of easy money were fun while they lasted. Banks and credit card providers were so flush with cash that they could help virtually anyone — including many who had trouble juggling their bills — pay for whatever they wanted.
But the party’s over.
That’s been marked by the shuddering collapse of investment bank Lehman Bros., the sale of Merrill Lynch to Bank of (...) -
It’s the Derivatives, Stupid! Why Fannie, Freddie, AIG had to be Bailed Out
20 September 2008 par (Open-Publishing)
It’s the Derivatives, Stupid! Why Fannie, Freddie, AIG had to be Bailed Out
By Ellen Brown
Global Research, September 18, 2008
www.webofdebt.com/articles
"I can calculate the movement of the stars, but not the madness of men." – Sir Isaac Newton, after losing a fortune in the South Sea bubble
Something extraordinary is going on with these government bailouts. In March 2008, the Federal Reserve extended a $55 billion loan to JPMorgan to "rescue" investment bank Bear Stearns from (...) -
Say Good Bye to Free Market Economics
19 September 2008 par (Open-Publishing)
Government Taking Extreme Measures to Rescue Corporate America Simulataneously published at Money Daily.
Unbelievable.
The measures being undertaken by various branches of the government, including the congress, the SEC and Treasury in concert with the Federal Reserve are the most extraordinary that I have ever seen.
The US Treasury is opening a function that will guarantee money market funds. Treasury also recently announced plans to sell bonds to fund the Federal Reserve. The Fed (...) -
Japan criticizes US crisis management
16 September 2008 par (Open-Publishing)
Japan criticizes US crisis management
Tue, 16 Sep 2008 10:18:37 GMT
Japan’s premiership hopeful, Taro Aso, has criticized Washington’s failure to prevent the collapse of American financial institutions.
“There are doubts as to whether taking no action and leaving the matter unattended is the right approach," said Aso, quoted by Japan’s Jiji Press news agency.
Minister for Economic and Fiscal Policy Kaoru Yosano, who is also running for the premiership, said the crisis will strike (...)