Archive for the ‘Financial crisis’ Category
RT interview with Paul Craig Roberts
Posted by smeddum on October 26, 2009
Posted in Financial crisis | Tagged: Paul Graig Roberts, US failed State | Leave a Comment »
The US – The Real Economy and the False Economy
Posted by smeddum on October 25, 2009
Saturday, October 24, 2009
The US – The Real Economy and the False Economy
Do you remember the stress tests for the banking system in the US? They were the subject of negotiations by the banks with regards to the outcomes, making them remarkably relaxed stress tests. There was an assumption in the stress tests for an unemployment rate of 8.9% (a curiously precise figure), and 10.3% in 2010. The unemployment rate had already reached 9.8% in September, with expectations of further rises. In other words, the worse case scenario was not indeed the worse case scenario. Read the rest of this entry »
Posted in Financial crisis | Tagged: false economy | Leave a Comment »
Wall St still gambling with derivatives
Posted by smeddum on October 25, 2009
Posted in Financial crisis | 1 Comment »
Eurozone recovery leaves UK behind
Posted by smeddum on October 24, 2009
Eurozone recovery leaves UK behind
Ninemsn
By Ralph Atkins in Frankfurt and Chris Giles in London,
Financial Times, 23 Oct 2009
Prospects for European economic recovery became more confused on Friday after official data showed the UK still mired in its longest recession since the second world war, at the same time as a eurozone survey was much more upbeat about recovery in continental Europe. Read the rest of this entry »
Posted in Financial crisis, UK economy | Leave a Comment »
Radio: Michael Panzner on the phony recovery
Posted by smeddum on October 23, 2009
Posted in Financial crisis | Tagged: End of empire, phony recovery, US failed State | Leave a Comment »
New Jersey Pays Goldman Sachs for Swaps on Nonexistent Bonds
Posted by smeddum on October 23, 2009
New Jersey Pays Goldman Sachs for Swaps on Nonexistent Bonds
By Dunstan McNichol
Oct. 23 (Bloomberg) — New Jersey taxpayers are sending almost $1 million a month to a partnership run by Goldman Sachs Group Inc. for protection against rising interest costs on bonds that the state redeemed more than a year ago. Read the rest of this entry »
Posted in Financial crisis | Tagged: Fraud, Goldman Sachs | Leave a Comment »
TARP exposé -Bailout swindle
Posted by smeddum on October 21, 2009
Posted in Financial crisis | Tagged: bailout swindle | Leave a Comment »
U.S. Dollar Attacked by Central Bank Lilliputians Profting From the Carry Trade
Posted by smeddum on October 21, 2009
Oct 21, 2009 –
By: Jim_Willie_CB
The US Federal Reserve continues to talk about their urgent Exit Strategy. My theory is they will be doing mostly talking and almost no doing. The nations that talk the least will be hiking interest rates the most, like Australia. The United States might be dead last in hiking interest rates. The credibility of the USFed will in the process continue to be harmed much more than already, which is rock bottom. The Dollar Carry Trade and the lost Petro-Dollar advantage will work to destroy the USDollar as the global reserve currency. The USFed will have to resort to unusual means to keep the world ‘interested’ and ‘involved’ in the USDollar at all. When they lose interest and involvement, the US$ will descend into the Third World. The USDollar will then be forced to find its true value, based on its own merit.
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Posted in Financial crisis | Tagged: Dollar Carry Trade, Jim Willie | Leave a Comment »
Radio:Max Keiser and Stacy Herbert on Love and War
Posted by smeddum on October 21, 2009
Posted in Financial crisis | Tagged: China, Divorce contracts, Max Keiser | Leave a Comment »
Radio: Jim Willie on the death of the petro-dollar
Posted by smeddum on October 20, 2009
Posted in Financial crisis | Tagged: Jim Willie | Leave a Comment »
How China is Torpedoing the U.S. Dollar…
Posted by smeddum on October 19, 2009
18/10/09
The dollar’s been struggling to retain its value – and now it’s about to get worse thanks to China. This report shows you how China is undercutting the dollar and the two best ways for investors to turn this in their favor…
By Sid Riggs
Contributing Editor
Money Morning
In four short months, the dollar’s value has sunk 11.2% on the New York Exchange. In fact, it just recently hit its lowest level of 2009 against six major currencies, including the Euro, the British pound and the Canadian dollar. Read the rest of this entry »
Posted in Financial crisis | Tagged: China | Leave a Comment »
In These New Times 