The Facts Or The "Con" In Con-Game:
In 2005, Stephen King, managing director of economics at HSBC and also a columnist for the Independent.uk news site stated that there was a crisis of faith among central bankers. Two years later, we can see why this confession should have read as: central bankers must stick to their pseudo-religious tones to proliferate public delusions of invincibility.
On the American front, the worst is yet to come for the housing market declared a quite famous (…)
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Liquidity Nightmare (global crash alert)
5 July 2007 par (Open-Publishing)
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Collateral Damages (Is The U.S Real Estate Doomed?)
5 July 2007 par (Open-Publishing)
Collateral Damages
Many Wall St.’s top deal makers must have butterflies are starting to float around the stomachs as we write this update: all our fears are coming true. All of them… this week there was an avalanche of dire warnings like ever seen before. As of June 28 BofA Analyst said that mortgage correction just ‘tip of the iceberg’ :
_scheduled to reset in ’07, followed by approximately $680 billion in ’08. Furthermore, of these ARMs, we estimate that subprime loans consist of $400 (…) -
FED Witness: Federal Reserve Note is not a dollar but a silver dollar minted since 1986 AD is a real
3 July 2007 par (Open-Publishing)
FED Witness: Federal Reserve Note is not a dollar but a silver dollar minted since 1986 AD is a real dollar
EXCITING BREAKING NEWS Saturday, June 30th 2007 — Christopher Hansen Exclusive to the Independent American Press
A government witness in a Federal Tax Evasion Case in Las Vegas, Nevada, testified on Friday that a Federal Reserve Note is not a dollar but a silver dollar minted since 1986 AD is a real dollar. When one of the defense Attorneys held up a Federal Reserve Note and a (…) -
Bled White
26 June 2007 par (Open-Publishing)
5 commentsBy Daveparts
In the 1960’s the high water mark of American Industrial might, I remember my sister receiving a Japanese transistor radio as a birthday gift. We family members all marveled at it, not just the technology but it’s foreignness. This was America and we Americans had never seen any foreign goods, of course there was pottery and china and such, cheap paper products but this was high technology coming from a foreign land.
Ford Motor Company was offered national distribution (…) -
Depressionomics
26 June 2007 par (Open-Publishing)
2 commentsDepressionomics
At one time I used to believe the saying that those who didn’t study history were doomed to repeat it. But eventually I realized that’s not quite true - rather when the people who have lived history die, the way is open for history to repeat itself.
Back in the early 70’s a proposal was made to repeal the securities regulation that required that short sales on stock (selling a stock now, but delivering it a later date, in the hope that the price has gone down by the time (…) -
BIS warns of Great Depression dangers from credit spree
26 June 2007 par (Open-Publishing)
1 commentBIS warns of Great Depression dangers from credit spree
By Ambrose Evans-Pritchard Last Updated: 9:02am BST 25/06/2007
The Bank for International Settlements, the world’s most prestigious financial body, has warned that years of loose monetary policy has fuelled a dangerous credit bubble, leaving the global economy more vulnerable to another 1930s-style slump than generally understood.
"Virtually nobody foresaw the Great Depression of the 1930s, or the crises which affected Japan and (…) -
The Creature from Jekyll Island - A Second Look at the Federal Reserve
24 June 2007 par (Open-Publishing)
The Creature from Jekyll Island - A Second Look at the Federal Reserve
by G. EDWARD GRIFFIN
JIM: You hear a lot of talk about the Federal Reserve today: “the Fed is supposed to be an inflation fighting institution.” In fact, much of today’s headlines about interest rates and Fed comments are that the Fed is concerned about inflation, and the Fed is a stabilizing influence in our economy. My next guest doesn’t believe that’s the case.
Joining me on the program is G. Edward Griffin, he’s (…) -
Monopoly Men (Federal Reserve Fraud) Must see Video!!!
24 June 2007 par (Open-Publishing)
1 commentMonopoly Men (Federal Reserve Fraud) Must see Video!!!
The Federal Reserve, or the Fed as it is lovingly called, may be one of the most mysterious entities in modern American government. Created during Wilson’s presidency to protect the economy in times of financial turmoil, its real business remains to be discovered. During the Wilson presidency, the U.S. government sanctions the creation of the Federal Reserve. Thought by many to be a government organization maintained to provide (…) -
FED looses control on US interest rates and crisis reaches China and EU
20 June 2007 par (Open-Publishing)
FED looses control on US interest rates and crisis reaches China and EU
GEAB N°16 is available! Global systemic crisis / Summer 2007 : Fed looses control on US interest rates and crisis reaches China and EU Public announcement GEAB N°16 (Special Summer 2007 issue - 23 pages!)
This second quarter’s fundamental event about to shove most players’ anticipations over the coming months, is certainly the final and simultaneous failure of the two key-strategies defined by US leaders, i.e.:
. (…) -
Wall Street, Iraq and the declining dollar
19 June 2007 par (Open-Publishing)
Wall Street, Iraq and the declining dollar
19/06/2007 10:30:00 AM GMT
The Bush Administration’s response to 9/11 has weakened the position of the dollar in the world.
A mismanaged war, the oil crisis and a flood of U.S. currency are setting the stage for economic disaster.
A mismanaged war, the oil crisis and a flood of U.S. currency are setting the stage for economic disaster, investment banker Ken Miller reports. The disastrous impact on the economy of George W. Bush’s response to (…)