Posted by smeddum on March 29, 2009
The Free Market, Financial Style
How the Scam Works
By MICHAEL HUDSON
Newspaper reports seem surprised at how high banks are bidding for the junk mortgages that Treasury Secretary Geithner is now bidding for, having mobilized the FDIC and Fed to transfer yet more public funds to the banks. Bank stocks are soaring – thereby bidding up the Dow Jones Industrial Average, as if the “financial industry” really were part of the industrial economy. Read the rest of this entry »
Posted in Financial crisis | Tagged: financial fraud | Leave a Comment »
Posted by smeddum on March 29, 2009
Leading article: This crisis affords a glimpse of global power in transition
The G20 summit is already exposing tensions between the US and China
Friday, 27 March 2009
A London perspective on next week’s G20 summit inevitably places Britain, and the Prime Minister Gordon Brown, at the centre. But among those countries briefly orbiting the British sun there are two – the United States and China – that could, almost by themselves, dictate the future of the world. What is more, recent days have supplied ample evidence of the potential for friction between them. Already they seem to be circling each other warily, probing their comparative strength. Read the rest of this entry »
Posted in Financial crisis | Tagged: China, G20 | Leave a Comment »
Posted by seumasach on March 29, 2009
“This is the biggest rip-off in the history of man. There is no end in sight. When will the Obama administration get it? Obama will have to learn the toughest decision there is in business – when it’s time to stop throwing good money after bad money.”
The crisis in the United States has taken a dangerous turn over the past week, a turn that may prove to be the undoing of the Barack Obama presidency.
Hossein Askari and Noureddine Krichene
27th March, 2009
On January 20, Obama stepped into much more than the worst economic and financial crisis since the Great Depression. He inherited the helm of a country ravaged by 30 years of runaway human greed and a complicit government that rewarded it. Obama now finds himself in the middle of a perfect tempest, buffeted on the one side by a relentless financial and economic downturn and on the other a bewildered nation waking up to the landscape of unparalleled economic injustice that had been hidden out of sight with most Americans working hard just to get by.
Posted in Financial crisis | Tagged: End of empire, financial collapse, Obama agenda, stop the bailout | Leave a Comment »
Posted by seumasach on March 29, 2009
Department of Physiology, Columbia University, New York, NY, USA.
4th March, 2009
Electromagnetic fields (EMF), in both ELF (extremely low frequency) and radio frequency (RF) ranges, activate the cellular stress response, a protective mechanism that induces the expression of stress response genes, e.g., HSP70, and increased levels of stress proteins, e.g., hsp70.
Posted in Ecological and Public Health Crisis, Studies and statements showing mobile phone health risk | Tagged: EM radiation health hazard | Leave a Comment »
Posted by seumasach on March 28, 2009
8th March, 2009
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Le 13 mars au cinéma Le Prado à Marseille, l’association ReOpen911 organise la projection du film ZÉRO – Enquête sur le 11-Septembre. Cette première séance exceptionnelle, en présence du réalisateur, le journaliste Franco Fracassi, marquera le début d’une série de projections à travers la France, mais aussi la Suisse et la Belgique. Elle s’accompagne de la sortie du DVD en version originale, sous-titrée en français. |
Posted in Uncategorized | Tagged: "War on Terror", 9/11 inside Job, Political Leaders for 9/11 Truth | Leave a Comment »
Posted by smeddum on March 27, 2009
By Alison Klayman
Beijing
26 March 2009
Voenews
China is calling for a new currency to eventually replace the dollar as the world’s standard reserve, days before the G20 financial summit in London. Some analysts say the move demonstrates China’s growing discontent with American dominance of the world economy. Read the rest of this entry »
Posted in Financial crisis | Tagged: China's IMF role, New reserve currency | 1 Comment »
Posted by smeddum on March 27, 2009
By Faith Hung
Thu Mar 26,
TAIPEI (Reuters) – Bond giant Pacific Investment Management Co said the Federal Reserve needs to double its balance sheet up to $6 trillion to replace the amount of wealth destroyed in the United States, an executive said on Thursday. Read the rest of this entry »
Posted in Financial crisis | Tagged: bond bubble, bursting bond bubble | Leave a Comment »
Posted by smeddum on March 27, 2009
Posted in Uncategorized | Tagged: no bailout, No cash for trash | Leave a Comment »
Posted by smeddum on March 27, 2009
Mar 27, 2009
Market Oracle
Mike Larson writes: The U.K. Treasury held a bond auction on Wednesday morning. On the offer were 1.75 billion pounds ($2.55 billion ) worth of 40-year “Gilts” — the U.K. equivalent of U.S. Treasuries. There was just one problem …
Buyers went on strike! They offered to purchase just 1.63 billion pounds ($2.37 billion) of debt. Read the rest of this entry »
Posted in Financial crisis | Tagged: bond bubble, bursting bond bubble | Leave a Comment »
Posted by seumasach on March 26, 2009
Words by Robert Burns(1759-1796)
This is a rebel song masquerading as a denunciation of the Jacobite uprising of 1745. The poet shows a magical touch in expressing his sympathies through pure irony.
Posted in Uncategorized | 1 Comment »
Posted by smeddum on March 26, 2009
By Zuo Likun and Dong Zhixin (chinadaily.com.cn)
2009-03-25 09:58
China may offer US$100 billion in additional financing to the International Monetary Fund during the upcoming G20 summit in London, giving the agency more ammunition to fight the unfolding global financial and economic crisis, a senior economist said on Monday. Read the rest of this entry »
Posted in Financial crisis | Tagged: China, China's IMF role, global leadership, IMF | 1 Comment »
In These New Times 