Posted by smeddum on October 17, 2008
Banks borrow record $437.5 billion per day from Fed yahoo.news
NEW YORK (Reuters) – Financial institutions ran to their lender of last resort for record amounts of cash in the latest week, under extreme pressure from the worst global financial crisis in a generation, Federal Reserve data showed on Thursday. Read the rest of this entry »
Posted in Uncategorized | Tagged: economic collapse, failing banks, Financial crisis | Leave a Comment »
Posted by seumasach on October 16, 2008
Oct. 16, 2008 (LPAC)–The trillion dollar bail-out of British banks just implemented by Prime Minister Gordon Brown is already unravelling on the derivatives issue, which are now being questioned in the British House of Commons.
Posted in Financial crisis | Tagged: stop the bailout | Leave a Comment »
Posted by seumasach on October 16, 2008
October 15, 2008 — “[E]veryone needs the America of Franklin D. Roosevelt and John F. Kennedy, an America which is not afraid of change, which is in a position to understand that nothing is given once and for all, and which is open to the world and for free debate,” wrote Russian Minister of Foreign Affairs Sergei Lavrov in his article: “Face to Face with America: Between Non-Confrontation and Convergence,” which was published in the magazineProfile this month.
Posted in Multipolar world | Tagged: Russian diplomacy | Leave a Comment »
Posted by seumasach on October 16, 2008
California is about to find out if it will be able to find a lender willing to take the risk.
The Wall Street financial crisis is leaving investors scrambling for cash. That means there is less money available to be lent out. Those who rely on borrowed money to finance operating expenditures may be in for a painful dose of reality: In times of crisis, debt reliance can be catastrophic.
The biggest state in the union may be about to realize just that.
Posted in Uncategorized | Tagged: bankrupt states, Financial crisis | Leave a Comment »
Posted by seumasach on October 16, 2008
Despite spending trillions of dollars on the bailout plans, banks are still hoarding cash.
Why?
Posted in Uncategorized | Tagged: Financial crisis | Leave a Comment »
Posted by smeddum on October 16, 2008
World Focus: Racism, Obama and the Fall of the American Economy
Posted on Tuesday, October 14 @ 04:30:01 EDT by admin Rastafarispeaks
By Fidel Castro
October 14, 2008
Trade, within a society and between countries, is the exchange of goods and services produced by human beings. The owners of the means of production appropriate the profits. As a class, they are the leaders of the capitalist state and they boast of fostering development and social wellbeing through market. This they worship as an infallible God. Read the rest of this entry »
Posted in Uncategorized | Tagged: Castro, Election 2008, financial collapse, McCain, Obama, Sarah Palin, US elctions | Leave a Comment »
Posted by smeddum on October 16, 2008
Anyone following closely the “war on terror” will automatically replace the code words “bin laden” with the modern shadow state meaning “inside job”. There are those who say this in private but deny it public. There has been much speculation that Obama will not be allowed to come to power. This article and others like it that appear in the mainstream media prepare the the way for the continuity of government act to come into full effect. If the election is delayed, it would be a major victory for the forces behind the coup.
By Joseph Nye Financial Times
Published: October 15 2008 19:31 | Last updated: October 15 2008 19:31
Americans are transfixed by the aftermath of the September surprise in financial markets. Could there be a very different surprise coming in October? Read the rest of this entry »
Posted in Uncategorized | Tagged: "War on Terror", Election 2008, Obama's foreign policy, US elections | Leave a Comment »
Posted by smeddum on October 16, 2008
Surprise! The Global Bailouts Fail
Increase Decrease
October 15 2008 (LPAC)–The gigantic US and European bailouts of the last 48 hours of some $2.6 trillion, had zero effect on the corpse they were supposedly intended to resuscitate, i.e. the world interbank lending system, a senior European banking source told EIR today. This, despite the fact that a large part of the guarantees issued on both sides of the Atlantic is a 100% guarantee of interbanking lending. Read the rest of this entry »
Posted in Financial crisis | Tagged: financial collapse | Leave a Comment »
Posted by seumasach on October 16, 2008
Something very strange and worrying is going on in money markets.
Posted in Uncategorized | Tagged: Financial crisis, stop the bailout | Leave a Comment »
Posted by seumasach on October 16, 2008
RTTNews) – In early trading on Thursday, the Norwegian krone slumped to its lowest level since January 1999 against the European currency as the Norwegian central bank lowered its key interest rate by 0.5% to 5.25% yesterday to avert an economic slowdown caused by the global credit crisis. The krone also plummeted to a 2-year low against the dollar.
Posted in Uncategorized | Tagged: euro | Leave a Comment »
Posted by smeddum on October 15, 2008
Largest Bubble Burst in History
16 October 2008
By Nouriel Roubini MoscowTimes
The rich world’s financial system is headed toward a meltdown. Stock markets have been falling most days, money markets and credit markets have shut down as their interest-rate spreads skyrocket, and it is still too early to tell whether the raft of measures adopted by the United States and Europe will stem the bleeding on a sustained basis. Read the rest of this entry »
Posted in Financial crisis | Tagged: bubble burst, bubble bursting, economic collapse, financial collapse, Financial crisis | Leave a Comment »
