Friday, October 10, 2008

More Dollar issues


EUROPE STOCK ROUT...


FEEDING TIME
Asian Stocks Plunge, Set for Worst Week on Record...

Nikkei has biggest one-day drop since '87 stock crash...

Live Chart...

GM Shares Fall to Lowest Level Since 1950...



No bottom in sight on Wall St...

Short selling returns...
Oil plummets to $82...

OPEC to hold emergency meeting...

Banks borrow record amount from Fed...

"To the Bunkers!":

Central banks slash rates in emergency "midnight" meeting

By Mike Whitney

The United States is headed into another Great Depression and has probably dragged the rest of the world along with it. The global financial system will look very different by the time we reach the other end of the tunnel. Continue


Thousands of Troops Are Deployed on U.S. Streets

Ready to Carry Out "Crowd Control"

By Naomi Wolf

Members of Congress were told they could face martial law if they didn't pass the bailout bill. This will not be the last time. Continue

Brazil, Argentina abandon US dollar: Brazil and Argentina have launched a new payment system in their bilateral trade, doing away with the US dollar as a medium of exchange.

IMF: World economy to slow sharply, led by US: "The world economy is now entering a major downturn in the face of the most dangerous shock in mature financial markets since the 1930s," the IMF said in its report.

Russian stock exchanges shut down until Friday as prices plummet: The RTS and MICEX stock exchanges halted trading until Friday after opening for barely more than half an hour on Wednesday as prices plummeted in tune with the overall situation in the world's stock markets and falling oil prices.

FTSE falls 2.6 percent on commodities;: Britain's top share index slid 2.6 percent by midday on Wednesday as recession fears stemming from a credit crisis battered commodity stocks

Central banks cut interest rates: The US Federal Reserve on Wednesday cut its key interest rate by half a percentage point, as did the European Central Bank, Bank of England and Swiss, Canadian and Swedish central banks.

Bush to America: Hang in there: President Bush on Tuesday told a country engulfed by dire economic news that it should not expect a sudden recovery, but rather a gradual rebound that will test people's patience.

'Economic 9/11' exacting grim psychological toll in US: 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.

Retirement accounts have lost $2 trillion so far: Americans' retirement plans have lost as much as $2 trillion in the past 15 months — about 20 percent of their value — Congress' top budget analyst estimated Tuesday as lawmakers began investigating how turmoil in the financial industry is whittling away workers' nest eggs.

Asian Stocks Plunge Again - Crisis Deepens

Now It All Makes Sense

Celente - Bailout A Bust - Depression To Follow

Vote Congressional Bailout Criminals OUT!

Dollar Libor Jumps To New Credit Crisis Extreme

LIBOR Interbank Money Market Earthquake

US Dragging The World Into A Great Depression

Credit Crisis Commercial Paper Disaster

Panicked Investors Drive Dow Below 8,700

Record $72B In Mutual Fund Withdrawals In Sept

Stocks Plunge 600 Points, Now Below 9,000

GM Shares Hit Lowest Level Since 1950

CEOs Took Home Mega Millions In 'Salaries'

AIG Planned Another Event For Brokers!

IMF - Risk Of A World Depression Nearly Nil

Medvedev Calls For Europe To Freeze Out US

Bernanke, Paulson Seek Global Help - Crisis Swamps US

What Is The LIBOR?

Libor Holds Central Banks Hostage

Libor $ Rate Highest In Year - Credit Stays Frozen

Fear Tops Greed - Market Woes Paralyze Economies

Who Is Going To Bail Out The Euro?

Coming Next - Inflation

Paulson Says More Banks, Businesses Will Fail

3 Asian Central Banks Slash Interest Rates

3rd Iceland Bank Fails - Iceland Debts 12x GDP

'Major Global Downturn' Says IMF

The Fed Now Owns AIG - But Who Owns the Fed?"

Surprise (Not) $85B AIG Bailout Jumps To $122B

MetLife Tanks 26% - BofA Falls After Offering Priced

US Sept Sales Warn Of 'Lump Of Coal' Christmas

ECB Cash Flood - More Cuts Possible

German 'FDIC' May Not Cover UK Depositors

The Quickening Economic Crisis

ECB Sees Crisis Of 'Enormous Proportions'




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