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| Larry Edelson takes a closer look at the U.S. dollar and the reasons why it is headed for a meltdown. In this issue of Money and Markets, Mr. Edelson explains further why the rocky economy has affected the value of the dollar.
Jupiter, Fla. (PRWEB) July 19, 2008 — Larry Edelson takes a closer look at the U.S. dollar and the reasons why it is headed for a meltdown. Mr. Edelson explains further why the rocky economy has affected the value of the dollar. Read the rest of this entry » |
Archive for July, 2008
The Dollar Headed for a Meltdown
Posted by smeddum on July 19, 2008
Posted in Financial crisis | Tagged: dollar collapse | Leave a Comment »
Swan Song for Fannie
Posted by seumasach on July 18, 2008
By Mike Whitney
18/07/08 “ICH” — – The Fed’s emergency rescue plan for the financial markets is hopelessly flawed. It’s a scattershot approach that doesn’t address the real source of the problem; an unregulated, unsustainable structured finance system that emerged in full-force after 2000 and spawned a shadow banking system that creates trillions of dollars of credit without sufficient capital reserves. This is the heart of the problem and it needs to be debated openly. The present system doesn’t work; it’s as simple as that. It makes no sense to provide trillions of dollars of taxpayer money to shore up a system that is essentially dysfunctional. It’s just throwing money down a rat-hole.
Posted in Financial crisis | Tagged: financial collapse | Leave a Comment »
Justice for Iraq Conference
Posted by seumasach on July 18, 2008
| A day conference Saturday 19 July, London United Reformed Church Programme 10:30–11:00: Registration 11:00–13:00: Why we need justice for Iraq
13:00–13:45: Lunch 13:45–15:15: Workshops Workshop 1: Stopping the corporate carve-up
Workshop 2: The humanitarian crisis
Workshop 3: War crimes: ending impunity
15:15–15:30: Break 15:30–17:00: The way forward: Iraq solidarity for the long-term
17:00: Ends Entry by donation (suggested amount: £7/£5 unwaged) For more information download the event leaflet or visit the Justice for Iraq blog at: www.justiceforiraq.net. Justice for Iraq Facebook group >> Justice for Iraq will pressure Iraq’s occupiers to:
These demands do not represent a complete or final list. This campaign is in the process of emerging and we are reaching out to build a network of organisations and individuals who share a similar goal. Join us on 19th July to be a part of debating, building and launching this campaign. |
Posted in Iraq | Tagged: Iraq | Leave a Comment »
How the U.S. fell for a Ponzi scheme
Posted by seumasach on July 18, 2008
“There is no such thing as a free bailout.”
Colby Cosh
18th July, 2008
Dammit, someone has to say it: Shouldn’t the first clue that something was wrong with Fannie Mae and Freddie Machave been their names? Surely a country has to be courting trouble when it lets its secondary mortgage market be captured by companies that sound like things your grandmother would say instead of cursing. “Oh, Freddie Mac! Looks like we’ll have to increase the money supply again, Paw.”
Posted in Financial crisis | Tagged: failing banks | Leave a Comment »
Greens Nominate Cynthia McKinney
Posted by seumasach on July 18, 2008
John Nichols
13th July, 2008
See also: Cynthia McKinney takes on Donald Rumsfeld
The Green Party has made a good deal of history this weekend.
The party has nominated a former member of Congress for the presidency, a coup for the party that itself has yet to elect a U.S. representative or senator.
Posted in Drive to Global War | Tagged: Cynthia McKinney | Leave a Comment »
The Madrid Bombings: Rise and Fall of the “Official Version”
Posted by seumasach on July 17, 2008
Auge y caída de una versión oficial
Luis del Pino
17th July, 2008
English translation at foot of each paragraph.
Hoy se ha derrumbado un poco más ese edificio en ruinas denominado “versión oficial del 11-M”.
[Today the edifice called “the official version of 11-M” collapsed further.]
Sin autores intelectuales
[A plot without plotters]
La sentencia del Tribunal Supremo da por buena, para los tres autores intelectuales que la Fiscalía había presentado, la absolución de los cargos que se les habían realizado en ese sentido. A Mohamed El Egipcio, a quien durante tanto tiempo se presentó como el máximo ideólogo del atentado, ni siquiera se le condena por pertenencia a banda armada, puesto que El Egipcio ya está siendo juzgado por ese motivo en Italia. A Hassan el Haski, otro de los “autores intelectuales” presentados por la Fiscalía, no sólo no le condenan comoinductor de la masacre, sino que le rebajan la pena que le había caído por pertenencia a banda armada.
[The Supreme Tribunal absolves those charged with planning the 11-M bombings as follows. Mohamed El Egipcio, for so long presented as the master planner behind the attacks, isn’t even charged with being a member of an armed band, since he was already charged with being that in Italy. Hassan el Haski, another of the “ringleaders” according to the prosecutors, is not only not charged as being behind the massacre, but his sentence for membership of an armed band has been reduced]
Posted in Uncategorized | Tagged: "War on Terror", Madrid bombings | Leave a Comment »
Two Peer-Reviewed Scientific Papers Debunk CO2 Myth
Posted by seumasach on July 17, 2008
Paul Joseph Watson
16th July, 2008
Three top scientists have once again contradicted the claim that a “consensus” exists about man-made global warming with research that indicates CO2 emissions actually cool the atmosphere, in addition to another peer-reviewed paper that documents how the IPCC overstated CO2’s effect on temperature by as much as 2000 per cent.
Posted in Ecological and Public Health Crisis | Tagged: global warming | 1 Comment »
Germany to Mediate in Russia-Georgia Crisis Over Abkhazia
Posted by seumasach on July 17, 2008
Watch out for this as the new flashpoint as an Obama presidency brings new heights to US-Russian tensions.
Deutsche-Welle
Click here for more background
17th July, 2008
Amid fears that the Abkhazia conflict will escalate into war, German Foreign Minister Frank-Walter Steinmeier is to mediate this week, beginning a diplomatic swing Thursday, July 17, in the Georgian capital Tbilisi.
Posted in Drive to Global War | Tagged: abkhazia, Georgia | Leave a Comment »
Rift Stalls Cellphone Safety Report
Posted by smeddum on July 17, 2008
Posted on: Monday, 30 June 2008, 09:03 CDT RedOrbit
Issac Asimov once said
‘The saddest aspect of life right now is that science gathers knowledge faster than society gathers wisdom.’ It seems according to this report: things are a lot sadder than that. See here
By Doreen Carvajal
For 10 years, scientists have been waiting for the outcome of a global examination of the habits of thousands of brain cancer patients to explore whether there are links between cellphone use and brain tumors.
But now the findings of the euro 15 million, or $24 million, Interphone study are stalled, caught in an international rift among prominent cancer researchers who are divided about how to interpret the risks of radio-frequency radiation emitted by mobile telephones. Read the rest of this entry »
Posted in Ecological and Public Health Crisis | Tagged: cell phones | Leave a Comment »
Stand Firm against UK, US arrogance
Posted by smeddum on July 17, 2008
Opinion & Analysis
July 17, 2008
The Herald
LAST week, the world was treated to yet another display of the kind of supreme arrogance that has characterised the West’s engagement of Zimbabwe since the start of the Land Reform Programme. Read the rest of this entry »
Posted in Zimbabwe | Tagged: defend Zimbabwe | Leave a Comment »
After 30 years, US to send diplomats to Iran
Posted by seumasach on July 16, 2008
Ewen MacAskil
16th July, 2008
The US is planning to establish a diplomatic presence in Tehran for the first time in 30 years, a remarkable turnaround in policy by president George Bush who has pursued a hawkish approach to Iran throughout his time in office.
Posted in Iran | Tagged: Iran | 1 Comment »
In These New Times 