Posted by seumasach on September 18, 2008
The last pocket of resistance has now folded. The policy is now confirmed: “Save the bankers, sink the pound”. The flight to safety has begun and the price of gold will rise dramatically.
Ashley Seager
18th Septmber, 2008
The Bank of England yesterday reversed its decision to end an emergency lending scheme for banks next month, citing the turmoil in money markets this week since Lehman Brothers collapsed.
Posted in Financial crisis | Tagged: failing banks, financial collapse, Save the bankers, sink the pound! | Leave a Comment »
Posted by seumasach on September 18, 2008
By Mark O’Byrne, Executive Director
18th September
Gold and silver surged yesterday with gold up $69.30 to $847.30/oz and silver up $1.11 to $11.59/oz.
Gold surged by 8.9% to $847.30 (silver +10.6%) at the close in New York and continued to surge in electronic trading to over $870/oz. Asian trading saw the surge continue and gold traded as high as $893/oz. Gold subsequently fell prior to rising to some $870/oz as markets began trading in London. These are unprecedented movements and gold rose from a low of $780 to a high of $893 or more than 14% in less than 24 hours. There is some confusion but some analysts say this is the largest one day dollar price move since 1980 and some saying the largest ever.
Posted in Uncategorized | Tagged: flight to safety, gold | 1 Comment »
Posted by seumasach on September 18, 2008
By M. Junaid Levesque-Alam
17/09/08 “MRZine” — — The U.S. State Department lodged a sharp protest over ongoing Pakistani missile strikes and ground raids today, saying the Islamic Republic was violating American sovereignty.
“We will try to convince Pakistan . . . to respect [the] sovereignty of the United States — and God willing, we will convince,” State Department Spokesman Sean McCormack told reporters.1
The controversy stems from the Pakistan Army’s recent decision, leaked in a prominent Pakistani newspaper, to mount intensifying air attacks and new ground assaults against extremists hiding in American safe havens across the ocean. Read the rest of this entry »
Posted in Drive to Global War | Tagged: bombing of Pakistan | Leave a Comment »
Posted by seumasach on September 17, 2008
Abigail Moses
Sept. 17 (Bloomberg) — The cost to hedge against losses on U.S. government debt rose to a record after the Federal Reserve rescued American International Group Inc. to avert the worst financial collapse in history.
Posted in Uncategorized | Tagged: US government debt | Leave a Comment »
Posted by seumasach on September 17, 2008
17th September, 2008
BEIJING (Reuters) – Threatened by a “financial tsunami,” the world must consider building a financial order no longer dependent on the United States, a leading Chinese state newspaper said on Wednesday.
Posted in Financial crisis | Tagged: new financial order | Leave a Comment »
Posted by alfied on September 17, 2008
Call to speed up Omagh evidence review NEWS: Call to speed up Omagh evidence review
17/09/08
A British government inquiry into intelligence files linked to the Omagh bomb should be accelerated so it can be used in court, grieving relatives said tonight. Read the rest of this entry »
Posted in Uncategorized | Tagged: British Government Crimes | Leave a Comment »
Posted by seumasach on September 17, 2008
John Hoefle
19th September, 2008
Immediately upon hearing of the action by Treasury Secretary Henry Paulson to have the United States government assume the liabilities of Fannie Mae and Freddie Mac, Lyndon LaRouche declared the move “tantamount to treason.”
“This is an un-Constitutional fraud,” he said, adding, “We’re going to hold these people accountable for this ‘tantamount to treason’ action.” If they do this, he said, “they are going to jail.”
For the past year, we have been warning that Paulson, Fed chairman Ben Bernanke, and the Plunge Protection Team were engaged in a systematic bailout of the bankrupt U.S. financial system, and, in doing so, were bailing out the global Anglo-Dutch Liberal system. Despite all the spin about “protecting homeowners,” this is a plan to save the parasites by transferring their losses to the taxpayers.
Posted in Financial crisis | Tagged: financial collapse, financial feudalism | Leave a Comment »
Posted by seumasach on September 17, 2008
“Although other countries – including Israel and Italy – are adopting lower exposure limits, the HPA says there is still insufficient evidence to issue separate guidelines for children.”
How much evidence is sufficient for the HPA to take measures to protect children?
Tuesday September 16,2008
WITH wireless internet and mobile phones now in constant use in our schools and homes, TESSA THOMAS asks if youngsters are being exposed to hazardously high levels of radiation.
Posted in Ecological and Public Health Crisis | Tagged: Wi-Fi bridgend suicide, wi-fi health | Leave a Comment »
Posted by seumasach on September 16, 2008
Sherwood Ross
15th September, 2008
ANDOVER , MASS. (Sept. 13)— President Bush’s conduct in office has precipitated a “most serious constitutional crisis,” “one that has already transformed the U.S. from a constitutional republic to an elected monarchy,” a noted political scientist told a conference on seeking prosecution of high Bush administration officials for war crimes. “We need to revers[e] a fifty-year trend towards unaccountable secret government, which can commit crimes with impunity,” said Professor Christopher Pyle of Mount Holyoke College.
Posted in Drive to Global War | Tagged: "War on Terror", shadow state | Leave a Comment »
Posted by seumasach on September 16, 2008
Gavin Finch and Kim-Mai Cutler
Sept. 16 (Bloomberg) — The cost of borrowing in dollars overnight more than doubled to the highest since 2001 as the collapse of Lehman Brothers Holdings Inc. and credit downgrades of American International Group Inc. led banks to hoard cash.
Posted in Financial crisis | Tagged: credit seizure, LIBOR, overnight | Leave a Comment »
Posted by seumasach on September 16, 2008
Saj Karsan
16th September, 2008
How can investors trust analysts who can’t tell the difference between a company that’s solvent and one that is worth virtually nothing to shareholders? We’ve seen other examples where analysts appear fraudulent in their recommendations. The latest example? That of Lehman Brothers (LEH).
Posted in Financial crisis | Tagged: financial collapse, financial fraud | Leave a Comment »
