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Trade-Exchange Rates

  • Trouble in Banktopia
    30 September 2008 par (Open-Publishing)

    Trouble in Banktopia
    By Mike Whitney
    27/09/08 "ICH" — - The financial system is blowing up. Don’t listen to the experts; just look at the numbers. Last week, according to Reuters, "U.S. banks borrowed a record amount from the Federal Reserve nearly $188 billion a day on average, showing the central bank went to extremes to keep the banking system afloat amid the biggest financial crisis since the Great Depression." The Fed opened the various "auction facilities" to create the appearance (…)

  • Banking crash hits Europe as ECB loses traction
    30 September 2008 par (Open-Publishing)

    Banking crash hits Europe as ECB loses traction
    The global credit crisis has slammed into Europe with stunning violence over the last two days, triggering five major bank rescues and a near total shut-down of the region’s credit markets. By Ambrose Evans-Pritchard Last Updated: 8:17PM BST 29 Sep 2008
    The Dutch-Belgian bank Fortis, Britain’s Bradford and Bingley, and Iceland’s Glitnir, were all partially or fully nationalized after failing to roll-over debts in the short-term money (…)

  • You won’t believe where that $700-billion bailout figure came from
    30 September 2008 par (Open-Publishing)

    "It’s not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."
    Here’s something that John McCain and Barack Obama and Sarah Palin and even longtime Washingtonian Joe Biden probably don’t know. Not to mention Bob Barr, Ralph Nader and Ron Paul, who usually knows everything.
    It’s a fascinating footnote to the economic and political bailout debate that’s kept so many people from more properly focusing on the (…)

  • Pelosi Pushed Book, While Taxpayers Revolted Over Bailout
    30 September 2008 par (Open-Publishing)
    1 comment

    “The bailout is...economically foolish...downright sinister [and] makes a mockery of our Constitution.” - Rep. Ron Paul (R-TX)
    On Sept. 29, 2008, the House of Representatives, responding to a taxpayers’ revolt, rejected the $700 billion bailout of the greedy Wall Street bankers. Meanwhile, on Sept. 23, 2008, House Speaker Nancy Pelosi was in Baltimore, MD, to give a talk at the central library hawking her book, “Know Your Power.” At that point, the Congress was still debating the bailout (…)

  • Gloating is not enough!
    30 September 2008 par (Open-Publishing)

    Gloating is not enough!
    "That’s a pound business. Take a risky huge amount of money on your cap, let yourself well for the risk and if you pay so that the dodo actually go and wages should, be sure you first, your commissions on the safe side searched and secondly the government instead of your own at the expense of the rest of the population nachschießt the open items and provides you free. " Very freely after Daniel Amerman, in http://www.FinancialSense.com (on 10.9.2008). And exactly (…)

  • The US and global financial crisis is becoming much more severe in spite of the Treasury rescue plan
    29 September 2008 par (Open-Publishing)

    The US and global financial crisis is becoming much more severe in spite of the Treasury rescue plan. The risk of a total systemic meltdown is now as high as ever
    Nouriel Roubini | Sep 29, 2008
    It is obvious that the current financial crisis is becoming more severe in spite of the Treasury rescue plan (or maybe because of it as this plan it totally flawed). The severe strains in financial markets (money markets, credit markets, stock markets, CDS and derivative markets) are becoming more (…)

  • $612 billion defense bill passed in midst of $700 billion Wall Street bail out
    29 September 2008 par (Open-Publishing)

    On Wednesday, September 24, right in the middle of the fight over billions of taxpayer dollars slated to bail out Wall Street, the House of Representatives passed a $612 billion defense authorization bill for 2009 without a murmur of public protest or any meaningful press comment at all. (The New York Times gave the matter only three short paragraphs buried in a story about another appropriations measure.)
    We have the money By Chalmers Johnson Sep 30, 2008
    There has been much moaning, (…)

  • Demonstrators Rally on Wall St. Against Federal Bailout (videos)
    28 September 2008 par (Open-Publishing)
    1 comment

    As President Bush was holding an emergency economic summit at the White House, protesters took to the streets across the country to oppose a Wall Street bailout. In New York, a series of demonstrations occurred near the Stock Exchange.
    AMY GOODMAN: As President Bush was holding an emergency economic summit at the White House, protesters took to the streets all over the country to oppose a Wall Street bailout. In New York, a series of demonstrations occurred near the Stock Exchange. This is (…)

  • Bailout foes hold day of protests
    27 September 2008 par (Open-Publishing)

    Bailout foes hold day of protests
    September 26th, 2008 1:38 am
    Grassroots groups and online activists rally against the proposed taxpayer rescue of Wall Street.
    NEW YORK (CNNMoney.com) — The public backlash against the Bush administration’s proposal to use tax dollars to bailout Wall Street spilled into the streets Thursday.
    "People all over the country are up in arms about this," said David Elliot, a spokesman for grassroots advocacy group UsAction. "Our members are livid, and (…)

  • $700Bn for a temporary fix??? NOT!!!
    25 September 2008 par (Open-Publishing)
    1 comment

    If we do what Bushcrew is proposing, this problem will just come back to haunt us all again in a few months and be even WORSE.
    The real problem with the economy is that its primary driver - the middle class - is out of money to squeeze.
    Everyone has been sqeezing and squeezing until the middle class has been bled dry - it’s just that many haven’t figured that out yet. They still have a little room on the credit cards, or they bought their house 15 or 20 years ago - but done the way (…)