Posted by seumasach on October 24, 2008
This clarifies things greatly : both the dollar and the yen have been vehicles for “carry trades” with London at the their heart. Both currencies have surged massively against the pound in particular as these speculations unravel.
Peter Garnham
24th October, 2008
The yen surged higher on Friday, hitting 13-year highs against the dollar and pound and jumping to a six-year peak against the euro as panic gripped global markets and forced investors to abandon risky positions.
Posted in Financial crisis | Tagged: financial collapse, yen carry trade | Leave a Comment »
Posted by smeddum on October 24, 2008
Posted in Uncategorized | Tagged: dollar collapse, dollar rally, Financial crisis | Leave a Comment »
Posted by alfied on October 24, 2008
Asia Times Online
NATO reaches into the Indian Ocean
By M K Bhadrakumar
The informal meeting of the defense ministers of the North Atlantic Treaty Organization (NATO) member countries in Budapest, Hungary, on October 9-10 was notable for three reasons. Read the rest of this entry »
Posted in Multipolar world | Tagged: "War on Terror", Great chess game | Leave a Comment »
Posted by smeddum on October 24, 2008
The U.S. Dollar Death Dance
Currencies / US Dollar
Oct 23, 2008 – 03:32 PM
By: Jim_Willie_CB MarketOracle
The US Dollar rally in the last several weeks has been remarkable. At closer examination, it highly resembles a spurt prior to death. Imagine an old man who just had a heart attack, lost feeling in certain body parts, his mind not working right, plenty of nonsense gibberish coming from his mouth, and now he is dancing hard on some last gasps. The vast liquidation movement is akin to the old man going through an embalming process while dancing atop the tables at the funeral parlor, as bidding proceeds for his cadaver. Read the rest of this entry »
Posted in Financial crisis | Tagged: dollar collapse, dollar rally | 1 Comment »
Posted by seumasach on October 23, 2008
John Lichfield
23rd October, 2008
President Nicolas Sarkozy would like to emerge as the economic “president” of Europe until 2010 – overseeing a united response to the world financial crisis by the 15 Euroland nations and Britain.
Posted in Uncategorized | Tagged: independent Europe, The battle for Europe | Leave a Comment »
Posted by seumasach on October 23, 2008
October 23, 2008 (LPAC)–“We’ve reached a situation of sheer panic,” Nouriel Roubini told the parasites assembled at the Hedge 2008 conference in London. “Hundreds of hedge funds are going to go bust.” “Don’t be surprised if policy makers need to close down markets for a week or two in coming days,” Roubini said.
“This will go down in the history books as one of the greatest fiascos of banking in 100 years,” said Emmanuel Roman, of hedge fund giant GLG Partners. “In a fairly Darwinian manner, many hedge funds will simply disappear,” he added. Read the rest of this entry »
Posted in Financial crisis | Tagged: derivatives, hedge funds | Leave a Comment »
Posted by seumasach on October 23, 2008
October 23, 2008 (LPAC)–On Oct. 21, Argentine President Cristina Fernandez de Kirchner announced the re-nationalization of the private pension system, known by its acronym AFJP, which was imposed on the country in 1994. This was a partial privatization, which financier interests had eventually hoped to complete, based on the model of Chilean dictator Augusto Pinchet. They were horrified then, when Fernandez accused the ten private funds of carrying out a “a policy of looting,” and asserted the State’s constitutional right to take control of them on behalf of the general welfare. People come before banks, she warned.
Posted in Financial crisis | Leave a Comment »
Posted by seumasach on October 23, 2008
Ben Hall
23rd October, 2008
President Nicolas Sarkozy on Thursday said France would set up a new “strategic investment fund” to stop French companies from falling into the hands of foreign “predators”.
Posted in Uncategorized | Tagged: sovereign funds | Leave a Comment »
Posted by seumasach on October 23, 2008
Baghdad witnessed another demonstration with more than one million Iraqi, Arabs and Kurds and others, Muslims and Christians and others, Sunnis and Shiites and others demonstrated together against the occupation and the long term agreement, asking for a complete withdrawal the leaves no permanent bases, no troops, and no mercenaries.
Posted in Iraq | Leave a Comment »
Posted by smeddum on October 23, 2008
Mobile phones may be killing bees and causing human health problems
• 23 Oct 2008 • euroweekly.news
This report greatly understates the evidence for EMF damage to bees and humans
BEE colonies are disappearing in worrying numbers throughout the world and beekeepers in America, the UK, Scotland, Germany Switzerland, Spain, Portugal and Greece are all seeing their hives vanish. When a hive’s inhabitants suddenly disappear, leaving only queens, eggs and a few immature worker bees, it is known as Colony Collapse Disorder (CCD). Usually there is an obvious reason for this, such as illness or attacks from predators. However, there doesn’t seem to be a straightforward answer for the current problem. Many of the beekeepers have also reported that other bees, animals and moths stayed away from the abandoned nests, which is not normal and may indicate a serious problem. Bees are one of the most essential insects on the human food chain. They are the main pollinators of hundreds of crops, nuts, flowers, vegetables and fruits. Albert Einstein once said that, if the bees disappeared, “man would have only four years of life left”. Read the rest of this entry »
Posted in Ecological and Public Health Crisis | Tagged: ccd, cell phones dangers, Colony Collapse Disorder | Leave a Comment »
Posted by seumasach on October 23, 2008
Gareth Porter
The final draft of the U.S.-Iraq Status of Forces agreement on the U.S. military presence represents an even more crushing defeat for the policy of the George W. Bush administration than previously thought, the final text reveals.
Posted in Drive to Global War, Iraq | Leave a Comment »
