Posts Tagged ‘Financial crisis’
Peter Schiff on gold and the dollar
Posted by smeddum on October 24, 2008
Posted in Uncategorized | Tagged: dollar collapse, dollar rally, Financial crisis | Leave a Comment »
Great Britain: What is it and where is it going? Part 2
Posted by seumasach on October 19, 2008
Cailean Bochanan
19th October, 2008
Despite the fact that the world map no longer shows massive areas in the red of the British Empire, I have characterised Great Britain as an empire, or rather, the base or rump of such. However, the British people may see their nationality, as British, English, Scottish, Scottish but British, Irish, loyal etc. at a certain level, at the level of the elite, the financiers above all, Britain is a base for operations.
Posted in Drive to Global War, Financial crisis, Multipolar world | Tagged: Financial crisis | 5 Comments »
Britain will spend way out of recession: two new aircraft carriers and new nuclear deterrent programme
Posted by seumasach on October 19, 2008
Just when you’re thinking the banks are taking everything, we’re reminded of that other pillar of British society: the military/industrial complex.
AFP
19th October, 2008
Britain will boost public spending to help pull the economy through a looming recession, Chancellor of the ExchequerAlistair Darling said in an interview published Sunday.
Posted in Uncategorized | Tagged: Financial crisis | Leave a Comment »
U.S. in Crisis Mode — What’s Next?
Posted by smeddum on October 19, 2008
U.S. in Crisis Mode — What’s Next?
By Olivier Garret, CEO
Casey Research – The Casey Report goldseek.news
In the last few weeks, it has become clear that the current financial meltdown is not our usual, run-of-the-mill crisis. It’s supersized, inexorably linked to the rest of the world, ruled by chaos, and precariously perched atop a mountain of debt. ”What makes this crisis different from some of the earlier ones,” says IMF Historian James Boughton, “is that the interlinkages among financial institutions are much greater now than they used to be.” Read the rest of this entry »
Posted in Financial crisis | Tagged: depflation, depression, Financial crisis, recession, stagflation | Leave a Comment »
Banks borrow record $437.5 billion per day from Fed
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 »
Next Bailout Candidates: States?
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 »
Bailouts Have Failed: Banks Are Still Hoarding Cash
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 »
Surprise, surprise! Banks hoarding bailout cash
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 »
Largest Bubble Burst in History
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 »
UK banks seek to raise £43.6bn
Posted by seumasach on October 13, 2008
Alistair Darling pledged that RBS and the merged Lloyds-HBOS would be run at arm’s length from the government and ministers would not be involved in day to day decisions.
”The reason we are doing this is not because we want to run banks,” the chancellor told the BBC Today programme. ”The reason we are doing it is because this is the only way, when markets are not open to certain banks, they can get the capitalisation they need, this is the government’s only intervention here.”
Whilst the guardian lefties and the the BBC’s Robert Peston hail this “nationalisation”, the FT can be relied on to give the city’s brutal verdict. The only surprise for us is that the government is taking some preference shares, but this, along with the dividend restrictions, only really serves to guarantee that the share issue, which the Treasury is underwriting fails completely. The government therefore ends up paying billions for a whole load of shares which it could have simply taken for nothing.
The government has done enough to start a run on the pound and bankrupt the taxpayer, but this is a drop in the ocean of banking debt.
Peter Hall Larsen
FT
13th October, 2008
Some of Britain’s largest banks are to scrap dividends as part of a government plan to inject £37bn into three of the country’s biggest lenders.
Under the terms of the bailout, Royal Bank of Scotland, Lloyds TSB and HBOS will be prevented from paying dividends on ordinary shares until they have repaid in full a total of £9bn in preference shares they are issuing to the government. Barclays, which is hoping to avoid government support by raising around £6.6bn from private investors, has scrapped its final dividend for 2008 in a move designed to save £2bn.
Posted in Financial crisis | Tagged: Financial crisis, stop the bailout | Leave a Comment »
And the solution is – more risky borrowing
Posted by seumasach on October 12, 2008
Lown Turner
10th October, 2008
SO where are you going to get your £16,000 from, then? That’s how much critics of Alistair Darling’s £250bn bank bail-out say it’s going to cost each of us.
Posted in Financial crisis | Tagged: Financial crisis, stop the bailout | Leave a Comment »
In These New Times 