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Recent Posts Tagged With 'news watch'
Bubble Economy 2.0: The Financial Recovery Plan from Hell
Martin Wolf started off his Financial Times column today (February 11) with the bold question: “Has Barack Obama’s presidency already failed?”[1] The stock market had a similar opinion, plunging 382 points. Having promised “change,” Mr. Oba...
Too Poor for Bankruptcy
By David Glenn Cox Information Clearinghouse — November 12, 2008 We, as a country, seem to have little problem ...
THE 2008 ELECTION: Obama and the Jews
Ask about Barack Obama's natural constituencies, and you might hear that he's the first black with a viable shot at the White House; or about his Kenyan father and his childhood in Indonesia; or the youthfulness of his followers; or the millions of O...
The End of Capitalism?
Adnan Khan Khilafah.com - Monday, 27 October 2008 19:36 As the financial crisis that has engulfed the world gets worse free market ideologues are finding it more and more difficult to defend Capitalism. State intervention the ultimate taboo of...
OPEC: Market is Over Supplied With Oil
by John Hall Global Research, October 27, 2008 The 150th. (Extraordinary) Meeting of the OPEC Conference Vienna, Austria, 24th. October, 2008 MARKET IS OVER SUPPLIED WITH OIL – GLOBAL DOWNTURN NOT CONNECTED TO HIGH OIL PRICE! OPEC met today in an ...
Death of the American Empire
America is dying. It is self-destructing and bringing the rest of the world down with it. Often referred to as a sub-prime mortgage collapse, this obfuscates the real reason. By associating tangible useless failed mortgages, at least something 'real...
What Happened to Adam Smith’s Invisible Hand?
The financial crisis engulfing the world continues to claim more victims after is first anniversary, each passing day brings news of further bankruptcies and the financial market continue to seesaw with billions of dollars are being wiped of the mark...
Your Money will be Safe in the Caliphate!
Bank runs are not a new phenomena, inherently they are the product of Western finance, of which one of the mainstays is the use of fractional-reserve banking. Fractional-reserve banking is the practice where banks only hold a fraction of their depos...
The End of Capitalism or another burst bubble?
The turbulence which has rocked the world’s financial markets, and the extraordinary measures which western governments have taken in recent weeks, have raised serious questions about the future of Capitalism. Many people are asking if we are on th...
‘Capitalism Has Degenerated into a Casino’
INTERVIEW WITH NOBEL LAUREATE MUHAMMAD YUNUS SPIEGEL ONLINE - 10/10/2008 Nobel Peace Prize laureate Muhammad Yunus says that greed has destroyed the world’s financial system. SPIEGEL ONLINE spoke with him about the profit motive, social consci...
Berlusconi Says Leaders May Close World’s Markets
By Steve Scherer Bloomberg - Oct. 10 Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world’s financial markets while they “rewrite the rules of international finance.” “Th...
The End of American Hegemony
By Paul Craig Roberts Information Clearing House - 06/10/08 America has become a pretty discouraging place. If Ronald Reagan was still with us, I wonder if he would again refer to the United States as a city on a hill, a light unto the world. I th...
Black Friday?
By Mike Whitney Information Clearing House (ICH) - 10/10/08 Panic has spread to stock markets around the world. A massive sell-off, which began when Henry Paulson announced a $700 billion bailout for the banking system, has turned into a global s...
Francis Fukuyama: The Fall of America, Inc.
By Francis Fukuyama NEWSWEEK - Published Oct 4, 2008 From the magazine issue dated Oct 13, 2008 The implosion of America’s most storied investment banks. The vanishing of more than a trillion dollars in stock-market wealth in a day. A $70...
The End Of American Capitalism?
ANALYSIS By Anthony Faiola Washington Post Staff Writer Washington Post - Friday, October 10, 2008; Page A01 The worst financial crisis since the Great Depression is claiming another casualty: American-style capitalism. Since the 1930s, U.S. bank...
The U.S. Financial System in Serious Trouble
“… a bailout of GSE (Fannie and Freddie) bondholders would be perhaps the greatest taxpayer rip-off in American history. It is bad economics and you can be sure it is terrible politics.” Matt Kibbe, President of Freedom Works...
The Danger of Speculation
It’s time to speak the truth. No more disingenuous questioning and wondering. No more exasperated resignation. We know the reason why oil prices are high, and it’s time to admit it and do something about it....
CENTCOM’s Master Plan and U.S. Global Hegemony
Many people deny that the U.S. government presides over a global empire. If you speak of U.S. imperialism, they will fancy that you must be a decrepit Marxist-Leninist who has recently awakened after spending decades in a coma. Yet the facts cannot b...
America For Sale
Japanese company Tokio Marine Holdings Inc. is poised to buy American insurer Philadelphia Consolidated Holding Corp. for around $4.7 billion, according to Reuters. Tokio Marine, the largest Japanese insurer, will acquire Philadelphia Consolidated en...
Turkey’s future: Flags, veils and sharia
A MARBLE fountain held up by bare-breasted maidens in the eastern city of Kars is a source of pride for the city’s mayor, Naif Alibeyoglu. Yet last November the sculpture vanished a few days before a planned visit to Kars by Turkey’s prime minist...
Collapsing Fiat Currency In Need of a Golden Parachute with a Silver Lining
Money served throughout history as a medium of exchange and as a storehouse of value. But when gold and silver coins were replaced by paper currencies, money no longer was the same. Paper money, no longer having intrinsic value, now functions only as...
The global economy is at the point of maximum danger
It feels like the summer of 1931. The world's two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern...
SPI: Increase of Fuel Price Dictated by World Bank
Friday night (23/05) the government finally declare the increasing of fuel price (premium, gasoline and kerosene), despite of the objection by the public. Government announce it through several related ministries namely, Ministry of Finance, Ministry...
Naomi Klein: Bush Sees Crises in Fuel, Food, Housing and Banking as Chance to Exploit Us More
As the country and the world reel from crises ranging from skyrocketing oil prices and global food shortages to housing and climate change, how best to understand the government policies being pushed through? Democracy Now! host Amy Goodman interview...
Paulson Lobbies Congress to Get Fannie-Freddie Rescue Approved
Treasury Secretary Henry Paulson tried to rally support yesterday for his plan to rescue Fannie Mae and Freddie Mac and said he is confident Congress will pass it by next week. A growing number of lawmakers from both parties agree with his assessmen...
Status Report on the Collapse of the U.S. Economy
With the economic news of the week of July 14—the continuing crisis among mortgage lenders, the onset of bank failures, the announced downsizing of General Motors, the slide of the Dow-Jones below 11,000—we are seeing the ongoing collapse of the ...
President Bush Has been a Disaster for the US Economy
George W. Bush looked into the TV camera, Tuesday morning [July 15] and tried to assuage the fears of about 300 million Americans who believed they were in the middle of a Recession. “The economy is growing,” said the President. “Productivity...
Parasitic Bankers Achieve the End of Capitalism and the Sacking of America
Parasitoidism is the relationship between a host and parasite where the host is ultimately killed by the parasite. This is what is happening to the US . Once the most powerful and productive economy in the world, the US , indebted by bankers and gove...
Bernanke warns of more U.S. economic difficulties
Warning of the dual risks of a further economic slowdown and higher inflation, Ben Bernanke, chairman of the Federal Reserve, said Tuesday that the prospect for any immediate improvement in the U.S. economy was bleak....
Oil falls most in three-and-a-half years
Oil prices tumbled by the biggest amount in three-and-a-half years in frantic trading today as dealers sold on fears of looming economic downturn in most major economies. But the fall was not enough to overcome stock market fears about the British b...
