Source: Reuters
BEIJING — The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on Tuesday.
Dominique Strauss-Kahn, the managing director of the International Monetary Fund, restated his [...]
What Is At Stake With Free Trade
By Shamus Cooke
In the ten years since the World Trade Organization (WTO) protests in Seattle, global opposition to free trade and “globalization” has exploded. The general public now has a basic understanding of how the world economy works … against them: companies scour the globe searching for slave wages, [...]
A financial system which has almost exclusively benefited the wealthy
The International Forecaster – 2009-11-11
by Bob Chapman
The American journey that began on 8/15/71 is going to end over the next several years. The problems that have manifested themselves over the past few years signal the final stages of a destructive process that has [...]
By Shamus Cooke
The United States is moving backwards…fast. State budget cuts are decimating essential health and social services; public education is being destroyed; the social safety net is in tatters. To make matters worse, all of this is occurring when the loss of jobs stands at a twenty-six year high with no end in sight.
But [...]
Source: Daily Tech // < ![CDATA[
showInitialOdiogoReadNowFrame ('42049', '16727', 290, 0);
// ]]>
CEO at leading parts supplier: “Energy independence…ultimately means that fuel has to be more expensive”
It’s no secret that when gas prices dropped early in the year and with the recession in full swing, hybrid sales saw their first drop in years. Faced with tough new [...]
Housing Rebound? Not So Fast
by Mike Whitney / November 2nd, 2009
Senate Democrats are a dogged bunch. And they’re not easily deterred from their primary duty of kowtowing the big banks. Case in point, the first-time home-buyer tax credit, the controversial bill which provides an $8,000 tax credit (re: subsidy) for new home buyers. Changes [...]
US Workers Starved Into Service
Common Dreams – 2009-10-23 by Sandy Leon Vest
It was only a matter of time before the nation’s skyrocketing unemployment translated into new recruits for the most powerful military force in the world.
With the official US unemployment rate at 10 percent and climbing (that’s more than 15 million people struggling [...]
In this enlightening episode of On The Edge Keiser talks with former assistant secretary of the treasury Paul Craig Roberts. The segment with Roberts is very in depth, during it, Roberts talks about his most recent column titled, “U.S. Joins the Ranks of Failed States”.
Roberts who is credited with being the father of Reaganomics asserts [...]
Trends Research Institute Founder Predicts That the Worst Is Yet to Come
by Naresh Vissa
Recently [...]
How Did America Fall So Fast?
By Washington Blog
October 21, 2009 “Washington Blog” — In 2000, America was described as the sole remaining superpower – or even the world’s “hyperpower”. Now we’re in real trouble (at the very least, you have to admit that we’re losing power and wealth in comparison with China).
How did it happen [...]
Source: CNN – Martina Stewart
A leading fiscal mind on Capitol Hill and a one-time Obama Cabinet pick sounded the alarm Sunday over the projected long-term financial challenges the country faces.
“This deficit is driven by us,” New Hampshire Republican Sen. Judd Gregg candidly said Sunday on CNN’s State of the Union when asked about the federal [...]
Wow, this makes me mad:
How did Goldman, Sachs & Co. — saved a year ago by the US taxpayer — magically make $3 billion in 3 months a year later?
This as the US dollar collapses, unemployment soars and foreclosures hit a record?
Here is the Goldman, Sachs & Co. revenue break down for the past 3 [...]
Borrowing Trouble on Our Dime
by Becky Akers
by Becky Akers
Recently by Becky Akers: REAL [...]
The Rich Have Stolen The Economy
By Paul Craig Roberts
October 16, 2009 “Information Clearing House“ — Bloomberg reports that Treasury Secretary Timothy Geithner’s closest aides earned millions of dollars a year working for Goldman Sachs, Citigroup and other Wall Street firms. Bloomberg reports that none of these aides faced Senate confirmation. Yet, they are overseeing the [...]
Source: Zero Hedge
Max Keiser in his prime, discussing whether the crisis is over: “It’d not froth, it’s fraud. This is an incredible case of accounting fraud and the American peasants have got to be the stupidest people in the world today: they don’t mind becoming peasants, they don’t mind living like peasants, and if [...]
Source: MSNBC
Related Posts:A cold start to fall: over 4500 new snowfall, low temp, and lowest max temp records set in the USA this last week
Source: Washington’s Blog
The battle to reform the American banking system needs to include reimposing the barrier between investment banking and depository banking (Glass-Steagall), pay incentives based on what is best for Americans and not just the top executives, the end of too big to fail, and other changes which are frequently discussed by financial writers. [...]
Written by Robert Singer World Oct 8, 2009
The U.S. Department of Labor Official Employment rate in September 2009 is now 90% (Unofficial rate is 75%).
And for those Americans who are still employed, they will find it harder to get that sweet deal on a new car because auto dealers won’t be competing with each other [...]
By Heritage Foundation , Leadership for America - October 09, 2009
The Congressional Budget Office reported yesterday that the U.S. government ended its 2009 fiscal year with a deficit of $1.4 trillion, the biggest since 1945.
Washington will spend $33,932 per household in 2009–$8,000 per household more than last year. Following President Barack Obama’s budget, Washington [...]
What Is Money?
Part 5: Fractional Reserve Banking
by Gary North
The heart of the modern monetary system is fractional reserve banking. This system [...]
This site is protected with Urban Giraffe's plugin 'HTML Purified' and Edward Z. Yang's 
. 12348 items have been purified.
