Tag: US debt
-
US Govt Stages Fake Coup to Wipe Out National Debt
Congress says that with no way to actually pay back our debts, faking a coup to eliminate financial obligations is the best plan for the U.S. economy.
-
obamessiah & the apostles of war: change-allelujah!
obama invokes jesus more often than bush*videos: obama is god & great teacher*obama in cairo: a bush in sheep’s clothing?*obama’s french food tested by ‘taster’*most arabs know obama’s big speech makes little difference*feds search for man allegedly on ‘mission to kill the president’*man with ‘eight registered firearms’ allegedly threatens obama*US military technology easily shipped abroad:…
-
econocrash: the depression quietly deepens
we will never know the true inside story of what really went on*obama promises summer speedup of economic effort*white house had long planned gm & chrysler bankruptcies*paulson’s secret talking points reveal that banks were forced to surrender ownership stakes to govt*obama officials: no ‘magic bullet’ for auto companies*boston globe workers reject plan*nytimes hires goldman sachs…
-
Econocrash: Free Drugs, Cut Jobs & Total Control
pfizer offers free prescription drugs for the jobless the system is designed to exert total control over the individualfrom global research: What impresses me in the current financial crisis is the near-total failure of so-called progressives to appreciate the magnitude of what is going on or the level of intelligence behind it. How many will…
-
daily dose of terror: financial crisis, pandemic, defense & dhs
US will default in ’09from greg nixon: Some of the articles below are a few weeks old but still timely. I agree with the conclusion of Jesse’s Cafe that the United States will have to default on its debt. I see this possibly before the summer of ’09. How this will play out is of…
-
money murder meeting meltdown more
‘economic 9/11’ exacting grim psychological toll in USfrom afp: The murder-suicide of a Los Angeles financial manager who shot dead five members of his family before killing himself has highlighted the psychological toll of the economic meltdown. The bodies of Karthik Rajaram, a 45-year-old business school graduate, and his wife, three children and mother-in-law, were…
-
Economic Meltdown Just Heating Up
wholesale inflation is worst in 27 years…stocks drop again amid fears about financials…fannie-freddie lifeline puts taxpayers on the hook…analyst warns on wachovia amid more bank worries…bernanke signals growth risks & intensified’ inflation danger…citigroup shares drop to lowest price since 1998… dollar freefall: new record lowfrom bloomberg: The dollar declined to a record low against the…
-
mortgage giants’ collapse could herald 30’s-style depression
from paul joseph watson: Veteran London Times journalist William Rees-Mogg predicts that the collapse of U.S. mortgage giants Fannie Mae and Freddie Mac could herald a downturn into a 1930’s style depression that threatens to sweep away democratic governments. Rees-Mogg served as editor of The Times, Britain’s oldest surviving newspaper, from 1967 to 1981, and…
-
the buck doesn’t stop here, it just keeps falling
from ap: The almighty dollar is mighty no more. It has been declining steadily for six years against other major currencies, undercutting its role as the leading international banking currency. The long slide is fanning inflation at home and playing a major role in the run-up of oil and gasoline prices everywhere… Everything made in…
-
treasonous treasury to give fiat fed more power
from new york times: The Treasury Department will propose on Monday that Congress give the Federal Reserve broad new authority to oversee financial market stability, in effect allowing it to send SWAT teams into any corner of the industry or any institution that might pose a risk to the overall system. The proposal is part…
-
dying dollars & buying sprees
how bush destroyed the dollarfrom paul craig roberts: It is difficult to know where Bush has accomplished the most destruction, the Iraqi economy or the US economy. In the current issue of Manufacturing & Technology News, Washington economist Charles McMillion observes that seven years of Bush has seen the federal debt increase by two-thirds while…
-
canadian loonie beats US dollar, first time in 30 years
from canadian press: The loonie rose sharply and held onto its gains on Friday, ending the trading day above the U.S. dollar for the first time in nearly 31 years. The Canadian dollar finished up two-thirds of a cent at 100.52 cents US continuing its spectacular tear and marking the highest close since Nov. 25,…
-
run on banks in los angeles amid crisis
from raw story: Wal-Mart CEO H. Lee Scott Jr. says customers are “running out of money.” Earlier this week, consumer juggernauts Home Depot and Wal-Mart reported softer than expected earnings. Penned the New York Times, “the sober forecasts reverberated across Wall Street, sending the Dow Jones industrial average and the Standard & Poor’s 500-stock index…
-
‘maxed out’
from trueworks: Maxed Out takes viewers on a journey deep inside the American style of debt, where things seem fine as long as the minimum monthly payment arrives on time. With coverage that spans from small American towns all the way to the White House, the film shows how the modern financial industry really works,…
-
news on the march
Cuban mob attacks human rights protestersfrom washington post: More than 200 Cuban government supporters attacked 15 human rights activists on International Human Rights Day on Sunday, manhandling the demonstrators as they drove them from a Havana park. Ten Canadians die after taking bird flu vaccinefrom world poultry: Following reports that patients taking Tamiflu can exhibit…