The World After the Fall of Lehman
By Bill Bonner 09/14/09 London, England
This week marks the one-year anniversary of the Lehman bankruptcy. The media struggles to say something meaningful about it. Here at The Daily Reckoning we will not even attempt meaningfulness. We’ll be satisfied with a few snide remarks.
What is most remarkable about the world a year after Lehman fell it is that so little seems to have changed. Even the papers have noticed.
“A year after Lehman, little (...)
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The World After the Fall of Lehman
15 September 2009 par (Open-Publishing)
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We Can’t Break Up the Giant Banks, Can We? Yes We Can!
14 September 2009 par (Open-Publishing)
We Can’t Break Up the Giant Banks, Can We? Yes We Can!
by Washington’s Blog
Global Research, September 14, 2009 Washington’s Blog - 2009-09-13
Top economists and financial experts believe that the economy cannot recover unless the big, insolvent banks are broken up in an orderly fashion. In response, defenders of the too-big-to-fails make one or more of the following arguments:
(1) The government does not have the authority to break up the big boys (2) To break up the banks, the (...) -
The Boomers are Out of Time – And Out of Money
12 September 2009 par (Open-Publishing)
The Boomers are Out of Time – And Out of Money
By Bill Bonner, 09/08/09 London, England
Clowns to the left of us…jokers to the right…
The Simpleton’s Analysis:
Consumers cut back. The economy sank.
Now, government must take action. It must help people out and take up the slack.
The downturn took $12 trillion off Americans’ net worth. The feds have pledged about $12 trillion to fix the problem.
But wait, where does government get any money?
Hey, they borrow it, just like (...) -
China to Issue Government Bonds in Hong Kong
11 September 2009 par (Open-Publishing)
China to Issue Government Bonds in Hong Kong
By Tang Xiangyang, 2009-09-11
China will sell 6 billion yuan of government bonds in Hong Kong for the first time later this month, according to a statement posted to the Ministry of Finance’s (MOF) website on Tuesday.
The 6 billion yuan ($876 million US dollars) worth of bonds will be yuan-dominated and sold on September 28. But the ministry did not provide any detail about who would handle the bond issue.
China has recently expressed (...) -
The Fed’s Interesting Week
1 September 2009 par (Open-Publishing)
1 commentThe Fed’s Interesting Week
By Ron Paul Published 09/01/09
It has been an interesting week indeed for the Federal Reserve. Early this week, it was announced that President Obama intends to reappoint Fed Chairman Ben Bernanke to a second term in January, signaling a vote of confidence in him. Bernanke seems to be popular with the administration and with Wall Street, and with good reason. His lending policies have left big banks flush with newly created cash that covers up old mistakes (...) -
US to collapse in July 2010
1 September 2009 par (Open-Publishing)
1 commentUS to collapse in July 2010
Aug 31, 2009
MOSCOW - YOU think of the United States as the world’s leading superpower? Well think again, says Igor Panarin, a professor at the Russian foreign ministry’s diplomatic academy.
For Prof Panarin, who has built an academic reputation in Russia for apocalyptic predictions of the imminent US demise, Moscow’s ex-Cold War rival is on the brink of economic, political and social cataclysm.
’The probability that the United States will cease to exist (...) -
Price of gold: the paradox is revealed
1 September 2009 par (Open-Publishing)
1 commentPrice of gold: the paradox is revealed Excerpt GEAB N°34 (April 16, 2009) -
For months we have witnessing a worldwide paradoxical phenomenon which the press has widely reported. Because of the crisis investors fled most categories of assets (real estate, stock market, currencies, comodities) and many of them have invested a portion of their portfolios in gold, even causing shortages of coins or bars in many markets. Yet, and this is the paradox, the price of gold is not taking off its (...) -
US Bank Enemies At The Gates
30 August 2009 par (Open-Publishing)
US Bank Enemies At The Gates
by Jim Willie, CB. Editor, Hat Trick Letter | August 27, 2009
While all manner of attention remains transfixed inside the United States on a remedy and recovery of its bank sector, once again Americans make dangerous assumptions. They tend to assume that the US Federal Reserve near 0% interest rates, Quantitative Easing (aka exploding Printing Pre$$ output), endless liquidity facilities (e.g. TALF), TARP funds (aka Wall Street slush fund), Stress Tests (...) -
China’s Marshall Plan in the Making?
29 August 2009 par (Open-Publishing)
China’s Marshall Plan in the Making?
By Zhang Bin, Liu Dan and Xiao Dan 2009-08-26
Translated by Zhou Yuning Original Article: [Chinese]
A major shakeup of China’s export strategy is taking place. The country is considering altering its focus and may attempt to "create" more external demand by extending loans to trading partners.
The Economic Observer learned that the Ministry of Commerce (MOFCOM) had held numerous meetings recently to mull over new means and markets to spur (...) -
Swiss private banker predicts decline of the U.S.
26 August 2009 par (Open-Publishing)
2 commentsSwiss private banker predicts decline of the U.S.
Markus Diem Meier, 26.8.09
The top private banker in Switzerland has had enough of the United States. In a text he says the country ahead of the economic decline and criticized the aggressiveness of the world.
Steer clear of U.S. assets: Konrad Hummler private banker to advise Totalrückzug from the U.S..
Konrad Hummler is a powerful man: He sits on the board of the Neue Zürcher Zeitung, is managing partner of the St. Gallen Bank (...)