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Trade-Exchange Rates

  • How Iran Has Bush Over a Barrel
    13 June 2008 par (Open-Publishing)

    How Iran Has Bush Over a Barrel
    By Robert Baer
    Wednesday, Jun. 11, 2008
    If wasn’t clear before it should be now: the Bush Administration can’t afford to attack Iran. With gas already at $4 a gallon and rising almost every day, Iran figuratively and literally has the United States over a barrel. As much as the Administration is tempted, it is not about to test Iran’s promise to "explode" the Middle East if it is attacked.
    The Iranians haven’t been shy about making clear what’s at (…)

  • Bilderberg Seeks Bank Centralization Agenda
    10 June 2008 par (Open-Publishing)
    6 comments

    Bilderberg Seeks Bank Centralization Agenda
    Lee Rogers Rogue Government June 9, 2008
    Fresh off of the 2008 Bilderberg Meeting, it looks as if New York Federal Reserve president Timothy Geithner is set to push a new agenda in the world of central banking that was likely decided upon at Bilderberg.
    Geithner yesterday, wrote an article in the Financial Times calling for a global regulatory banking framework. In addition, Geithner called for the Federal Reserve to have an instrumental (…)

  • The Money System In a Nutshell: How the Rich get Richer and Why We Never Do
    8 June 2008 par (Open-Publishing)
    6 comments

    Wealth is forever. In case you’ve never thought about it, it’s true, once it’s created it’s forever. All you have to do is hold onto it. That’s something I realized a while back when I started analyzing how our society is set up, and it’s set up to make the rich and powerful more rich and powerful by using us and taking our share of the wealth we create for themselves.
    It’s about money, that green stuff that strangely doesn’t turn out to be anything at all. It has no inherent value, you (…)

  • Oil, Unemployment Double Whammy Rocks Wall St.
    7 June 2008 par (Open-Publishing)
    1 comment

    Originally published at Money Daily
    Before Friday’s session even began, there was dire news from the Dept. of Labor. With the release of the Non-Farms Payroll data for May - which showed a loss of 49,000 jobs and an increase in the unemployment rate to a ghastly 5.5% - stock futures tanked and when the market opened, the Dow was immediately down 150 points.
    As the day wore on, further declines in the value of the US dollar and a monstrous spike in the price of oil - up $10.75, to a (…)

  • The Great Oil Swindle
    2 June 2008 par (Open-Publishing)

    The Great Oil Swindle
    Mike Whitney – Pacific Free Press May 30, 2008
    The Commodity Futures and Trading Commission (CFTC) is investigating trading in oil futures to determine whether the surge in prices to record levels is the result of manipulation or fraud. They might want to take a look at wheat, rice and corn futures while they’re at it. The whole thing is a hoax cooked up by the investment banks and hedge funds who are trying to dig their way out of the trillion dollar (…)

  • What’s Really Driving The High Price Of Oil? By Ralph Nader
    31 May 2008 par (Open-Publishing)

    Countercurrents.org 30 May, 2008
    What factors are causing the zooming price of crude oil, gasoline and heating products? What is going to be done about it?
    Photo: J. Pénochet 2004
    Don’t rely on the White House—with Bush and Cheney marinated in oil—or the Congress—which has hearings that grill oil executives who know that nothing is going to happen on Capitol Hill either.
    Last week the price of crude oil reached about $130 a barrel after spiking to $140 briefly. The immediate cause? (…)

  • The real reason behind high oil prices (F.William Engdahl, Global Research)
    26 May 2008 par (Open-Publishing)

    Global Research, May 21, 2008
    By F. William Engdahl*
    As detailed in an earlier article, a conservative calculation is that at least 60% of today’s $128 per barrel price of crude oil comes from unregulated futures speculation by hedge funds, banks and financial groups using the London ICE Futures and New York NYMEX futures exchanges and uncontrolled inter-bank or Over-The-Counter trading to avoid scrutiny. US margin rules of the government’s Commodity Futures Trading Commission allow (…)

  • Banks turned markets into "monster": German president
    14 May 2008 par (Open-Publishing)
    1 comment

    Banks turned markets into "monster": German president
    Wed May 14, 2008 5:40am EDT
    BERLIN (Reuters) - Banks taking on risky investments without adequate risk provision have turned the world’s financial markets into a "monster that must be tamed," German President Horst Koehler said in an interview published on Wednesday.
    "Capitalism is not just about pulling in profits but above all about being able to handle risk and the financial markets crisis shows that too many players in banking (…)

  • ‘Perhaps 60% of today’s oil price is pure speculation’
    6 May 2008 par (Open-Publishing)

    ‘Perhaps 60% of today’s oil price is pure speculation’
    By F. William Engdahl
    Global Research, May 2, 2008
    The price of crude oil today is not made according to any traditional relation of supply to demand. It’s controlled by an elaborate financial market system as well as by the four major Anglo-American oil companies. As much as 60% of today’s crude oil price is pure speculation driven by large trader banks and hedge funds. It has nothing to do with the convenient myths of Peak Oil. (…)

  • Economic crisis in the United States will have global consequences : be prepared
    26 April 2008 par (Open-Publishing)
    5 comments

    I recently received the following email:
    “I am having a great deal of frustration trying to convince my Canadian family that our lives are in danger from US economic break down. They are … absorbed in this irrational world and always have faith that our government will assure our safety in time of great disaster. They fail to realize that this is not something that will just take care of itself… I was hoping if you could provide me with or point me to some articles that may shed some light (…)