In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘financial feudalism’

Bank stocks plummet again despite Fed’s AIG rescue

Posted by seumasach on September 18, 2008

“What is happening out there?” Mack asked in the company-wide email. “It’s very clear to me – we’re in the midst of a market controlled by fear and rumours, and short sellers driving our stock down.”

The whole thing does look choreographed: are we seeing a co-ordinated hit leading to a few selected players taking complete control? The principal players of the shady world of finance are coming to the fore: welcome to The Cartel!

The 73-year-old US investment bank Morgan Stanley became the latest financial titan to cast around for an alliance last night as fading confidence in Wall Street firms sucked its shares down by 24%.

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The Line Is Drawn: Stop the Nation-Killing Bailout Now!

Posted by seumasach on September 17, 2008

 

John Hoefle

EIR

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.

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Fed Imposes Financial Sector Imperialism over US Economy

Posted by seumasach on September 1, 2008

Aug 31, 2008
Mike Whitney
Market Oracle

Michael Hudson: “Greenspan saw his job as a cheerleader for people who were able to get rich fast; sort of like a pilot fish for sharks”

Mike Whitney Interviews Michael Hudson
1 Mike Whitney: The United States current account deficit is roughly $700 billion. That is enough “borrowed” capital to pay the yearly $120 billion cost of the war in Iraq, the entire $450 billion Pentagon budget, and Bush’s tax cuts for the rich. Why does the rest of the world keep financing America’s militarism via the current account deficit or is it just the unavoidable consequence of currency deregulation, “dollar hegemony” and globalization?
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