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US Treasury Secretary Hank Paulson Warns of Even More Bank Failur…
Fine Gold Silver Coins: Information, Education, Evaluation,… | 13 hours ago by Dr. Kevin Ong
More banks will fail in the weeks ahead despite dramatic moves by policymakers across the world to tackle the financial crisis, the US Treasury Secretary admitted on Wednesday night (10/7/08). In comments which sent share prices in Wall Street tumbli read more
Will Iraq Witness A New Surge Of Violence?
The Impudent Observer - Global Liberal Issues | 14 hours ago by Fred Stopsky
President Bush boasts of the success of a surge which witnessed introduction of thousands of additional American forces and the resulting decline in violence. Even as Bush was pleased with the surge results, another surge was occurring in northwest I read more
Federal Reserve to Loan $37.8 Billion More to AIG
Fine Gold Silver Coins: Information, Education, Evaluation,… | 15 hours ago by Dr. Kevin Ong
Three weeks after an $85 billion bailout, AIG is turning to the New York Fed for yet more additional funding. The New York Federal Reserve is lending up to $37.8 billion to American International Group to give the troubled insurer access to much-need read more
The Real Great Depression
Fine Gold Silver Coins: Information, Education, Evaluation,… | 15 hours ago by Dr. Kevin Ong
The depression of 1929 is the wrong model for the current economic crisis As a historian who works on the 19th century, I have been reading my newspaper with a considerable sense of dread. While many commentators on the recent mortgage and banking cr read more
Recession Ahead for Singapore’s Economy
Fine Gold Silver Coins: Information, Education, Evaluation,… | 19 hours ago by Dr. Kevin Ong
Singapore appears headed for its first recession since 2002 as the city-state suffers from a US economy wilting under its worst financial crisis since the Great Depression, economists say. Southeast Asia’s wealthiest economy in terms of GDP per read more
How to make easy money on we, the taxpayers
All Things Reform | 21 hours ago by David Weller
Cayman Islands. Image via WikipediaGovernment reform orgs. deliver news on major events within their areas of expertise. From: Project on Government Oversight (POGO)The Usual Suspects of Contract Abuse Government Executive reports that the A read more
Central Banks Cut Interest Rates
Fine Gold Silver Coins: Information, Education, Evaluation,… | 22 hours ago by Dr. Kevin Ong
The Federal Reserve, European Central Bank and four other central banks lowered interest rates in an unprecedented coordinated effort to ease the economic effects of the worst financial crisis since the Great Depression. The Fed, ECB, Bank of England read more
So Who is to Blame For This Financial Crisis?
Fine Gold Silver Coins: Information, Education, Evaluation,… | October 10th 2008 by Dr. Kevin Ong
After the FTSE 100 index suffered its biggest points fall in a single day this week and another bank went bust, freezing 300,000 British savers deposits of £4.5bn, the Telegraph’s Personal Finance team asked a panel of experts to name the vill read more
Iraq a Diversion for Al Qaeda?
The SideTrack | October 10th 2008 by The SideTrack
Ackerman, still on tour: Ken Timmerman of NewsMax asks the panel what Al Qaeda would look like if the surge in Iraq never happened “and Al Qaeda was allowed to take over Iraq” — which would be news to the 60 percent of Iraq that’s Shiite and read more
Indonesia Suspends Stocks Trading Following 10% Drop
Fine Gold Silver Coins: Information, Education, Evaluation,… | October 10th 2008 by Dr. Kevin Ong
Indonesia’s stock exchange halted share-market trading on Wednesday (10/8/08) for the first time in eight years after the benchmark index plunged 10%, the biggest decline since the 1998 Asian financial crisis. Trading was suspended indefinitely read more
That "War On Terror" Thingie - Part Deux
Another Point of View | October 10th 2008 by Pierre H. Vachon
Seven years into the Global War on Terror(TM) - the world is even more at risk from the "radical terrorism" threat as never before. As predicted time and again, Afghanistan is sinking into a downward spiral, a FUBAR for absolutely nothing - at the c read more
Asian Stock Markets Tumble Following Credit Concerns
Fine Gold Silver Coins: Information, Education, Evaluation,… | October 10th 2008 by Dr. Kevin Ong
Asian stocks tumbled on Wednesday (10/8/08), driving the Nikkei 225 Stock Average to its biggest drop since October 1987, and U.S. futures fell on concern the credit crisis will topple more banks and slowing growth will cut demand for exports. Indone read more
Ron Paul: On Austrian Free Economics and the Financial Meltdown
Fine Gold Silver Coins: Information, Education, Evaluation,… | October 10th 2008 by Dr. Kevin Ong
The financial meltdown the economists of the Austrian School predicted has arrived. We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial cre read more
Asian Markets Fall in Global Market Crush
Fine Gold Silver Coins: Information, Education, Evaluation,… | October 10th 2008 by Dr. Kevin Ong
Asian governments tried in vain Wednesday (10/8/08) to halt the bloodbath on the markets, with Japanese stocks losing more than 9% on panic-selling in the face of the worst financial crisis in decades, as recent steps by the world’s major econo read more
Editorial: John McCain And Politics Of Hate And Fear
The Impudent Observer - Global Liberal Issues | October 10th 2008 by Fred Stopsky
Those of us who lived through the 1950s era of anti-Communism which witnessed hate and fear used by Republicans as their vehicle of victory. In 1954, Senator Joseph McCarthy, termed the great General George Marshall, who headed American forces in Wor read more
Federal Reserve to Buy Up Even More Unsecured Debt
Fine Gold Silver Coins: Information, Education, Evaluation,… | October 10th 2008 by Dr. Kevin Ong
The Federal Reserve announced a new program to help the battered market for short-term business loans - taking its closest step yet to lending directly to businesses. It confirmed on Tuesday (10/7/08) that it would start an ambitious program to buy u read more
Gold or Paper Money
Fine Gold Silver Coins: Information, Education, Evaluation,… | October 9th 2008 by Dr. Kevin Ong
Since 1913, the U.S. dollar bill has lost 95% of its purchasing power due to excessive money and credit creation by the Federal Reserve. This loss of purchasing power is a loss of wealth; it is the reason why the U.S. has gone from being the largest read more
Lehman Brother’s Hearing Reveals Executives Were Rewarded for F…
Fine Gold Silver Coins: Information, Education, Evaluation,… | October 9th 2008 by Dr. Kevin Ong
Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue, Congress was told Monday (10/6/08). As well, executives who feared for their bonuses in the read more
McCain’s “No Hablo Español”
The Moderate Voice | October 9th 2008
Remember our invasion of Iraq without the moral or military support of our allies? Remember the Bush administration’s snubbing and insulting our allies—one of them, Spain—because they would not kowtow to its dictates? Remember Bush& read more
The Surge (Still) Worked
The SideTrack | October 9th 2008 by The SideTrack
McClatchy: U.S. officials familiar with the new National Intelligence Estimate said they were unsure when the top-secret report would be completed and whether it would be published before the Nov. 4 presidential election.More than a half-dozen offic read more
Australia Bank Cuts Interest Rates, Asian Markets Boosted
Fine Gold Silver Coins: Information, Education, Evaluation,… | October 9th 2008 by Dr. Kevin Ong
Asian stocks were mixed Tuesday (10/7/08) as a big interest rate cut in Australia helped spur recoveries in several regional markets, sparking hopes that other central banks will lower rates to help loosen the global credit crunch. The Reserve Bank o read more
Russian Troops Leave Georgia
The Impudent Observer - Global Liberal Issues | October 9th 2008 by Fred Stopsky
Senators John McCain and Barack Obama were asked during Tuesday’s debate if they regarded Russia as an “evil empire” and both responded with the Bush line that Russia’s behavior was terrible in Georgia. Both either were unwill read more
Iraq Government Wants To Take Over Baghdad Security
The Impudent Observer - Global Liberal Issues | October 9th 2008 by Fred Stopsky
The Iraq government has made clear to the United States it is prepared to assume control of the issue of security for Baghdad. General Abdel Karim Khalaf said Iraqi police are quite capable of handling security duties throughout the capital, a respon read more
Ex-AIG CEOs Skip House Hearing On Bailout Crisis
Fine Gold Silver Coins: Information, Education, Evaluation,… | October 8th 2008 by Dr. Kevin Ong
The government’s rescue of American International Group Inc. last month is getting a critical eye from lawmakers examining the chain of events that forced a $700 billion bailout of the financial industry. Three former AIG chief executive office read more
Ron Paul: Letter on the Bailout Plan
Fine Gold Silver Coins: Information, Education, Evaluation,… | October 8th 2008 by Dr. Kevin Ong
Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike. The even read more
Contractor Pleads Guilty to His Part in a Scheme to Steal $39.6 M…
Net News Publisher | October 8th 2008 by Terry
A former Department of Defense (DoD) contractor has pleaded guilty to participating in a scheme to steal fuel worth approximately $39.6 million from the U.S. Army in Iraq. Lee William Dubois, 32, a resident of Lexington, S.C., entered the plea in U.S read more
FCC Investigates Pentagon Funded Information Campaign
The SideTrack | October 8th 2008 by The SideTrack
I didn't see this coming when I mentioned Pentagon PR earlier. From CQ Politics:The FCC is looking into whether TV networks and certain on-air analysts broke the law by failing to disclose to viewers that the apparently independent analysts were in read more
The Pentagon PR Campaign
The SideTrack | October 8th 2008 by The SideTrack
For months now, the Pentagon has denied any more than 7 civilians were killed in an Afghan raid, despite claims to the contrary from witnesses. Turns out they were wrong. Meanwhile, the Pentagon is now backing off a nearly two-month-old denial of a read more
Ron Paul: The Congress That Did the Wrong Thing
Fine Gold Silver Coins: Information, Education, Evaluation,… | October 8th 2008 by Dr. Kevin Ong
It has not been a good week for the Republic. It took quite a bit of trampling of the Constitution, but the bailout bill passed, as I suspected it would. The bailout failed the first time it was brought to the House. Undaunted, the Senate pressed read more

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