Archive for the ‘Financial crisis’ Category
Peter Schiff on CBNC Fast money 5th Oct 2009
Posted by smeddum on October 6, 2009
Posted in Financial crisis | Tagged: Peter Schiff | Leave a Comment »
Systemic Failure Approaches
Posted by smeddum on October 5, 2009
| Systemic Failure Approaches
By: Jim Willie CB, GoldenJackass.com |
|
–Friday, 2 October 2009
|Source: GoldSeek.com Debate stirs on whether the financial structure of the USEconomy is broken irreparably. Debate stirs on whether actions taken in the last year or two have put the nation on a path that can even achieve stability, let alone recovery. Debate stirs on whether a pernicious and not so secret syndicate has taken control of the USGovt financial ministries, let alone be removed. Debate stirs on whether lack of US Federal Reserve audits and disclosure of their accounting is integral to sustaining the syndicate control as well as its probable egregious fraud. Debate stirs whether the nationalizations have actually enabled adoption of wrecked assets, have concealed executive ransacking, and have buried massive counterfeit of bonds. Debate stirs whether the mountainous federal deficits, the nationalizations of essentially Black Holes, and the endless war spending make deficit reduction a distant dream. Debate stirs on whether the gargantuan accumulation of USFed reserves will spill over to produce widespread price inflation. Debate stirs on why after causing the foundation failure of the US financial structure from Wall Street and the USFed offices, these institutions not only remain in power but demand greater power. Read the rest of this entry » |
Posted in Financial crisis | Tagged: Jim Willie | Leave a Comment »
U.K.’s FTSE 100 Index Falls for Fourth Day on Economic Concern
Posted by smeddum on October 3, 2009
U.K.’s FTSE 100 Index Falls for Fourth Day on Economic Concern
By Alexis Xydias
Oct. 2 (Bloomberg) — U.K. stocks fell for a fourth day, the longest losing streak since April, after a report on U.S. jobs added to other disappointing economic data this week. Read the rest of this entry »
Posted in Financial crisis | Tagged: phony recovery | Leave a Comment »
Radio: Jim Willie on US carry trade
Posted by smeddum on October 1, 2009
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US dollar set to be eclipsed, World Bank president predicts
Posted by smeddum on September 30, 2009
US dollar set to be eclipsed, World Bank president predicts
United States would be mistaken to take for granted the dollar’s place as the world’s predominant reserve currency, says Zoellick
Heather Stewart
guardian.co.uk,
Monday 28 September 2009 17.26 BST
US dollar set to be eclipsed, World Bank president predicts. Photograph: Getty/Piet Mall
The United States must brace itself for the dollar to be usurped as the world’s reserve currency as American dominance wanes in the wake of the financial crisis, the World Bank president, Robert Zoellick, warned yesterday. Read the rest of this entry »
Posted in Financial crisis | Tagged: dollar collapse | Leave a Comment »
Peter Schiff on the coming Crisis
Posted by smeddum on September 30, 2009
Posted in Financial crisis | Tagged: currency devaluation | Leave a Comment »
FTSE rise ‘based on fraud’
Posted by smeddum on September 27, 2009
September 27, 2009
FTSE rise ‘based on fraud’
One of Scotland’s leading investors trashes rally as ‘fraud’ and warns it will harm investors wealth
Ian Fraser
The stock market rally is a “dash for trash” based on a “fraud” likely to harm investors’ wealth, according to one of Scotland’s leading investors. Read the rest of this entry »
Posted in Financial crisis | Tagged: FTSE, phony recovery, stock market crash 2009 | Leave a Comment »
Baltic Dry is signalling new pullback in the stock market
Posted by smeddum on September 24, 2009
Baltic Dry is signalling new pullback in the stock market
Tuesday, 22nd September 2009
Traders should be watching this leading measure of shipping rates for clues of how indices will move
Jessica Mead
GLOBAL trade volumes have dried up since the start of the financial crisis as Western demand for East Asian goods languished, depressing shipping activity as measured by the Baltic Dry Index. Read the rest of this entry »
Posted in Financial crisis | Tagged: Baltic Dry Index, shipping crisis, stock market crash 2009 | Leave a Comment »
Landmark Decision: Massive Relief for Homeowners and Trouble for the Banks
Posted by smeddum on September 24, 2009
Landmark Decision: Massive Relief for Homeowners and Trouble for the Banks
by Ellen Brown
.
September 21, 2009
A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action for foreclosure. MERS is an acronym for Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership. The significance of the holding is that if MERS has no standing to foreclose, then nobody has standing to foreclose – on 60 million mortgages. That is the number of American mortgages currently reported to be held by MERS. Over half of all new U.S. residential mortgage loans are registered with MERS and recorded in its name. Holdings of the Kansas Supreme Court are not binding on the rest of the country, but they are dicta of which other courts take note; and the reasoning behind the decision is sound. Read the rest of this entry »
Posted in Financial crisis | Tagged: Banking crisis, fight foreclosures | Leave a Comment »
The stock market rally is just another bubble – and it’s set to pop
Posted by smeddum on September 22, 2009
The stock market rally is just another bubble – and it’s set to pop
By MoneyWeek Editor
John Stepek
Sep 21, 2009
Central bankers: forever blowing bubbles
Stock markets continue to expect the best of all worlds.
There will be a V-shaped recovery. Everything is headed back to normal. At least, that’s what you’d believe if you just look at the way stocks have surged. Read the rest of this entry »
Posted in Financial crisis | Tagged: stock market crash 2009 | Leave a Comment »
HSBC bids farewell to dollar supremacy
Posted by smeddum on September 22, 2009
The sun is setting on the US dollar as the ultra-loose monetary policy of the US Federal Reserve forces China and the vibrant economies of the emerging world to forge a new global currency order, according to a new report by HSBC.
By Ambrose Evans-Pritchard
20 Sep 2009
“The dollar looks awfully like sterling after the First World War,” said David Bloom, the bank’s currency chief.
“The whole picture of risk-reward for emerging market currencies has changed. It is not so much that they have risen to our standards, it is that we have fallen to theirs. It used to be that sovereign risk was mainly an emerging market issue but the events of the last year have shown that this is no longer the case. Look at the UK – debt is racing up to 100pc of GDP,” he said Read the rest of this entry »
Posted in Financial crisis | Tagged: dollar collapse | Leave a Comment »
In These New Times 