Posted by seumasach on November 13, 2008
13th November,
2008
Mercosur country members are in a more solid position to face the global financial crisis that rich nations, said Brazilian president Lula da Silva who nevertheless called for a stronger trade links among its members.
“Mercosur countries are in a growth and jobs creation cycle”, said Lula da Silva in his broadcast program “Coffee with the President”. “We know the global financial crisis is very serious, but we are in better conditions to address it than the rich nations”.
Posted in Uncategorized | Tagged: financial collapse, G20, Multipolar world | Leave a Comment »
Posted by seumasach on November 13, 2008
12th november, 2008
The faucets dripped, the windows couldn’t be opened and rain and snow came in through the roof and dripped down the walls. The Mount Washington Hotel in the small New Hampshire town of Bretton Woods was not in great shape when it served as the site of a conference on a new world economic order for 700 international financial experts shortly before the end of World War II. The 1944 meeting went on for three weeks in what one guest dubbed the “madhouse.” Still, despite the sub-optimal conditions, by the time it had ended, the conference had agreed on the rules and institutions that would shape the international financial system for decades to come.
Leaders from G-20 nations will meet in the National Building Museum in Washington D.C. this weekend for a summit on the global financial system.
Posted in Uncategorized | Tagged: financial collapse, G20 | 1 Comment »
Posted by seumasach on November 12, 2008
10th November, 2008
click on above link to see video
The United States may be on course to lose its ‘AAA’ rating due to the large amount of debt it has accumulated, according to Martin Hennecke, senior manager of private clients at Tyche.
“The U.S. might really have to look at a default on the bankruptcy reorganization of the present financial system” and the bankruptcy of the government is not out of the realm of possibility, Hennecke said.
Posted in Financial crisis | Tagged: financial collapse, US debt | Leave a Comment »
Posted by seumasach on November 11, 2008
Webster Tarpley
11th November, 2008
This is a confidential strategy paper for the November 15 G-20 summit in Washington DC. This is not a new Bretton Woods in any sense, but rather a British-steered attempt to impose the dictatorship of the International Monetary Fund (IMF) on the entire planet, wiping out all hope of economic recovery, the modernization of the developing countries, and national sovereignty at the same time.
Read the rest of this entry »
Posted in Financial crisis | Tagged: financial collapse, G20, IMF | 1 Comment »
Posted by seumasach on November 10, 2008
Michel Chossudovsky
9th November, 2008
The October 2008 financial meltdown is not the result of a cyclical economic phenomenon. It is the deliberate result of US government policy instrumented through the Treasury and the US Federal Reserve Board.
This is the most serious economic crisis in World history.
Posted in Financial crisis | Tagged: bailout, financial collapse | Leave a Comment »
Posted by seumasach on November 10, 2008
The Spectre of times to be: the UK appears to be on the verge of something like this.
Sarah Lyall
8th November, 2008
REYKJAVIK, Iceland — The collapse came so fast it seemed unreal, impossible. One woman here compared it to being hit by a train. Another said she felt as if she were watching it through a window. Another said, “It feels like you’ve been put in a prison, and you don’t know what you did wrong.”
Posted in Financial crisis | Tagged: bankrupt iceland, Iceland is broke | Leave a Comment »
Posted by seumasach on November 10, 2008
10th November, 2008
The EU will restart talks on a new Partnership and Cooperation Agreement (PCA) with Russia. Foreign ministers meeting in Brussels agreed that it’s in the objective interests of the bloc to continue dialogue with Moscow, though no date has been set.
Posted in Multipolar world | Tagged: EU, Russian diplomacy | Leave a Comment »
Posted by seumasach on November 10, 2008
MOSCOW, November 10 (RIA Novosti) – Mayors of 15 Czech cities are to ask U.S. president-elect Barack Obama to abandon the Bush administration’s plans to place a missile defense radar in the Czech Republic, a member of the European parliament said on Monday.
Posted in Drive to Global War | Tagged: missile defence system | Leave a Comment »
Posted by seumasach on November 10, 2008
Cailean Bochanan
10th november, 2008
Paul Anderson has written an interesting piece within the marxist framework, a piece that we hope some marxists will wish to reply to. My own reply to Paul is another attempt by me to look beyond that framework and, indeed, that of the enlightenment as a whole whose roots in turn lie deep within antiquity.
Posted in Uncategorized | Tagged: enlightenment, marxism, new paradigm | 5 Comments »
Posted by seumasach on November 10, 2008
Click on link above to view video
The audio clip from November 5th, 2008 is at the bottom of this post. For those of you who do not know who Peter Schiff is and are curious, let me give you a little background from his Wikipedia page:
Peter D. Schiff is the president of Euro Pacific Capital Inc., a brokerage firm based in Darien, Connecticut. He graduated from the University of California, Berkeley in 1987 with a degree in finance and accounting. He was an economic adviser for the Ron Paul campaign in the 2008 Republican Party primaries. In an August 2006 interview Schiff generated much controversy when he repeated his long-held investment thesis: “The United States economy is like the Titanic and I am here with the lifeboat trying to get people to leave the ship …I see a real financial crisis coming for the United States.” On May 16, 2006 in debate on Fox News, Schiff accurately had forecast that the U.S. housing market was a bubble that would soon come to bust. On December 13, 2007 in a Bloomberg interview on the show Open Exchange, Schiff further added that he felt that the crisis would extend to the credit card lending industry.
Of course, here is the video from CNBC that aired on August 28, 2006where Peter Schiff accurately predicts the crisis that we are in now. Art Laffer, who was former President Reagan’s Economic Advisor, bets him that his predictions are false and there will be no economic crash. Oh, how I wish Mr. Laffer was right.
Posted in Financial crisis | Tagged: financial collapse, stagflation | 1 Comment »
Posted by seumasach on November 9, 2008
“Obviously, how we approach and deal with a country like Iran is not something that we should, you know, simply do in a knee-jerk fashion.” said Obama, reacting in knee-jerk fashion
“Obama, speaking at his first press conference since winning Tuesday’s presidential election, also said the Islamic Republic must stop supporting “terrorist organizations.”
I would suggest that it is Anglo-america which has to stop supporting terrorist organisations.
Iran’s pursuit of nuclear weapons ‘unacceptable’: Obama
CHICAGO (AFP) — US President-elect Barack Obama said on Friday that Iran’s pursuit of nuclear weapons was “unacceptable” and he would “respond appropriately” to a congratulatory letter from President Mahmoud Ahmadinejad.
Posted in Iran | Tagged: Iran | Leave a Comment »
