Archive for the ‘Financial crisis’ Category
The financial system established in England after 1688, based on usurious lending to the state by private bankers, is reaching its final blowout in the form of a series of devastating bubbles and a massive bailout of the financiers with public money. But the issuance of money doesn’t have to be in the hands of a private consortium: another credit system is possible.
Peter Schiff: The dollar is dropping like a stone
Posted by smeddum on December 21, 2008
Posted in Financial crisis | Tagged: dollar collapse, Peter Schiff | 1 Comment »
The Darkness and the Power
Posted by seumasach on December 21, 2008
Jim Kirwan
20th December, 2008
The Dictator announced his relief-package for the Big Three yesterday: The media is calling it “a Christmas-gift.” This is a LOAN-agreement: Gift’s do not come wrapped in razor wire. This too-little-too-late proposal is meant to bring an end to the problem of having to pay anyone, for whatever they do on-the-job in the United States.
Posted in Financial crisis | Tagged: bailout industry not finance, financial collapse, financial fraud | Leave a Comment »
New tipping-point in March 2009: ‘When the world becomes aware that this crisis is worse than the 1930s crisis’
Posted by seumasach on December 20, 2008
• the length of the crisis
• the explosion of unemployment worldwide
• the risk of sudden collapse of all capital-based pension systems
Posted in Financial crisis | Tagged: financial collapse, Financial crisis | Leave a Comment »
The Fallen Natures of Men Took Control Of The Economy And Destroyed It
Posted by smeddum on December 19, 2008
The Fallen Natures of Men Took Control Of The Economy And Destroyed It
November 12 2008
International Forecaster Weekly
Summary: some still wonder how it could have happened, we have a crony capitalist system, whole world now cutting back on spending, joblessness on the rise, banks now doing very little lending, a new head treasurer to choose, inequality in US cities may boil over, an impossible balancing act in the economy, an increase in the federal debt ceiling is also coming Read the rest of this entry »
Posted in Financial crisis | Tagged: economic collapse, financial fraud | Leave a Comment »
Why Britain is a raging “sell”
Posted by smeddum on December 19, 2008
Why Britain is a raging ‘sell’
By Associate Editor David Stevenson Dec 19, 2008
moneyweek
Dark times ahead for Britain
Help!
Britain’s running out of money. Yesterday’s government borrowing figures – the worst in at least 15 years – were truly shocking. Already the forecasts that Chancellor Alistair Darling made last month in the pre-Budget report are looking well short. Read the rest of this entry »
Posted in Financial crisis | Tagged: british cloudcuckooland, falling pound, UK interest cut | Leave a Comment »
Sterling slide sparks euro debate in Britain – Feature
Posted by alfied on December 18, 2008
London – As planeloads of tourists armed with empty suitcases roam London’s Oxford Street for cheap Christmas bargains, the Labour government of Gordon Brown is keeping a stiff upper lip on the British pound’s relentless slide towards parity with the euro. Read the rest of this entry »
Posted in Financial crisis | Tagged: collapse of pound | Leave a Comment »
Dollar’s Death Decisive Moment
Posted by smeddum on December 18, 2008
Dollar No Longer Haven After Fed Moves Rate Near Zero (Update2)
I did not expect the dollar rally, and it has proved to be both short term and ultimately absurd, like the final movements
of a newly dead body.
By Kim-Mai Cutler and Bo Nielsen
Dec. 17 (Bloomberg) — The world’s biggest currency-trading firms say the dollar’s appeal as a haven amid the financial crisis all but evaporated. Read the rest of this entry »
Posted in Financial crisis | Tagged: declining dollar, The day the dollar died | Leave a Comment »
Fed looks like Criminal Clearinghouse
Posted by smeddum on December 18, 2008
16/12/10
by Jim Willie
The principal missing piece in the grand American mosaic of banking destruction, corrupt collusion, fraudulent bonds, Wall Street control, suppressed regulators, compromised ratings agencies is JUSTICE. Foreign entities are aghast as the lack of prosecution, remedy, and removal from positions of power, as policy continues to be set by the participants responsible for the structural failure and prevalent fraud. Their actions are reaching climax levels. The climax of the Wall Street strangehold is the confiscation of the TARP funds to date. However, whatever has not been nationalized is subject to lawsuits. The pattern of human behavior indicates that lawsuits can spawn additional lawsuits, and quickly control is lost. It is open season on Citigroup, Bank of America, and perhaps other lesser players. Two major lawsuits have the potential to change the landscape.Curiously, neither receives much publicity. Then again, the press seems somewhere between subservient and compromised anyway. They have failed to shine many lights on much of any developments until after the damage is done. Odd court cases, missing people, factional politics, and border patrols seem more important on their agendas. Much of the US media & press seem a graduation of National Inquirer to television. Read the rest of this entry »
Posted in Financial crisis | Tagged: financial fraud | Leave a Comment »
Federal Reserve sets stage for Weimar-style Hyperinflation
Posted by seumasach on December 17, 2008
F. William Engdahl
15th December, 2008
The Federal Reserve has bluntly refused a request by a major US financial news service to disclose the recipients of more than $2 trillion of emergency loans from US taxpayers and to reveal the assets the central bank is accepting as collateral. Their lawyers resorted to the bizarre argument that they did so to protect ‘trade secrets.’ Is the secret that the US financial system is de facto bankrupt? The latest Fed move is further indication of the degree of panic and lack of clear strategy within the highest ranks of the US financial institutions. Unprecedented Federal Reserve expansion of the Monetary Base in recent weeks sets the stage for a future Weimar-style hyperinflation perhaps before 2010.
Read the rest of this entry »
Posted in Financial crisis | Tagged: dollar collapse, economic collapse, financial collapse, stop the bailout, The Great Depression | 1 Comment »
The Next Big Bailout- Madoff!!
Posted by seumasach on December 16, 2008
Brad Willet
16th December, 2008
With the financial markets already in a state of panic and the global recession expected to worsen in 2009, we can ill afford to allow the financial institutions, charities, and rich idiots that entrusted Bernard Madoff with their money to go bust. As for the widespread contention that since Mr. Madoff committed fraud he deserves to go to jail, do not think of Madoff as operating a ponzi scheme so much as a Strong Armed Perception Fund (SAP Fund), and don’t think of him as breaking the law so much breaking new ground in the arena of fictitious returns.
Posted in Financial crisis | Tagged: financial collapse, financial fraud | Leave a Comment »
Quantitative easing- The nuclear option
Posted by smeddum on December 16, 2008
![[Bernanke-QE-Cartoon.png]](https://i0.wp.com/1.bp.blogspot.com/_nSTO-vZpSgc/SUa272c5yXI/AAAAAAAAD-8/nQkDGOA9LAk/s1600/Bernanke-QE-Cartoon.png)
Posted in Financial crisis | Tagged: quantitative easing | Leave a Comment »
In These New Times 