This is No Recession: It’s a Planned Demolition
by Mike Whitney
Global Research, August 12, 2009 Infowars
Credit is not flowing. In fact, credit is contracting. That means things aren’t getting better; they’re getting worse. When credit contracts in a consumer-driven economy, bad things happen. Business investment drops, unemployment soars, earnings plunge, and GDP shrinks. The Fed has spent more than a trillion dollars trying to get consumers to start borrowing again, but without (…)
Home > Keywords > International > Trade-Exchange Rates
Trade-Exchange Rates
Articles
-
This is No Recession: It’s a Planned Demolition
12 August 2009 par (Open-Publishing)
-
Baltic Dry Index has worst week since October meltdown as Chinese demand slows
8 August 2009 par (Open-Publishing)
The Baltic Dry Index, which tracks shipping costs and is viewed as leading indicator for commodity prices, has had its worst week since the peak of the financial crisis last October, as Chinese demand slowed. By Garry White, 07 Aug 2009
The index fell from 3,350 to 2,772 this week – a fall of 17.2pc - as imports of iron ore and coal slowed down. The index is now 35pc lower than its 2009 high, hit on June 3. Earlier this week Ian Ashby, head of iron ore at miner BHP Billiton, said at the (…) -
The Great American Bubble Machine
4 August 2009 par (Open-Publishing)
by Matt Taibbi
Global Research, August 4, 2009 Rollingstone.com
From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they’re about to do it again
The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, (…) -
Bring on the £4bn bonuses: Fat cat bankers rack up massive profits despite bringing economy to its knees
3 August 2009 par (Open-Publishing)
Bankers are set to pocket a record £4billion in bonuses after surprise profits.
Barclays and HSBC posted pre-tax profits of almost £6billion combined today with Lloyds Banking Group and Royal Bank of Scotland also set to reveal their figures later this week.
Thousands of City executives will again receive mammoth payouts despite the banking sector taking the economy to the brink of collapse last year.
It is a major embarrassment to Alistair Darling and City minister Lord Myners who had (…) -
The Chinese Come Calling
29 July 2009 par (Open-Publishing)
The Chinese Come Calling
Posted on Jul 28, 2009
By Robert Scheer
What a hoot. The Chinese Communists invaded Washington on Monday demanding not that we sacrifice our freedoms but rather that we balance our budget. Creditors get to make that kind of call. And the Marxists of Beijing, who have turned out to be the world’s most prudent bankers, are worried about their assets invested in our banana republic.
“China has a huge amount of investment in the United States, mainly in the form (…) -
When China prepares its «Great Escape» from the dollar-trap for the end of summer 2009
28 July 2009 par (Open-Publishing)
When China prepares its «Great Escape» from the dollar-trap for the end of summer 2009
Excerpt GEAB N°34 (April 16, 2009) -
LEAP/E2020 believes that the next stage of the crisis will result from a Chinese dream. Indeed, what on earth can China be dreaming of, caught – if we listen to Washington – in the “dollar trap” of its USD 1,400-billion worth of USD-denominated assets? If we believe US leaders and their scores of media experts, China is only dreaming of remaining a prisoner, and (…) -
The U.S. stock market again before a crash?
10 July 2009 par (Open-Publishing)
The U.S. stock market again before a crash?
F. William Engdahl
Since the beginning of this year the U.S. stock market experienced its strongest increase since 1938. Encouraged by this development is hardly noticed changes in the book stop Tung’s guidelines for banks, massive accounting tricks the banks, and the whole supported and encouraged by a hypocritical media hype of economic policy spokesman for the Obama government. Insider stock selling at record levels, and get out. This is an (…) -
The Crimes of Wall Street: The Scam and Sleaze at the Top
21 May 2009 par (Open-Publishing)
The Crimes of Wall Street: The Scam and Sleaze at the Top
by Danny Schechter
Global Research, May 20, 2009
So many of us know in detail about all the false warnings and exaggerated claims that were used to justify the war in Iraq. By now, six years later, and after many books, reports, news stories and films (hopefully including my two books and film, Weapons of Mass Deception), we see the pattern of lies and deception. We realize what a fraud was committed against the American people (…) -
Check this video out — Is America Really Turning the Corner? 17 Apr 2009 Part 1/3
19 April 2009 par (Open-Publishing)
1 commentCheck this video out — Is America Really Turning the Corner? 17 Apr 2009 Part 1/3
http://www.youtube.com/watch?v=xzEWTIc2ADU -
Goldman Sachs hires law firm to shut blogger’s site
16 April 2009 par (Open-Publishing)
Goldman Sachs hires law firm to shut blogger’s site
Goldman Sachs is attempting to shut down a dissident blogger who is extremely critical of the investment bank, its board members and its practices.
Continue to read:
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5137489/Goldman-Sachs-hires-law-firm-to-shut-bloggers-site.html