Thursday, March 26, 2009

More economic issues

Geithner 'open' to China proposal on currency... Developing...

White House economic adviser Goolsbee won't rule out...

Dollar drops on Geithner's 'loose talk'...

Obama Plans to Name Task Force to Overhaul Tax Code; 'Rebalance'...

EU leader condemns US 'road to hell'; Attack highlights growing rift...

EU hustles to control damage after outburst...

Anti-capitalist group attacks home of British banking chief...

Banks told to step up security after attack...

AIG employees detail numerous, vile, outrageous death threats...

Mortgage fraud sting nets indictments...


**VIDEO** BRITISH PM SAVAGED AT EU MEET: 'YOU HAVE RUN OUT OF OUR MONEY!'...

Bond Auction Falls Short...

Postal chief says post office running out of money...
NYC transit agency adopts fare hikes, service cuts...

BANK OF ENGLAND WARNS PRIME MINISTER: STOP THE SPENDING!

We've run out of money, no more stimulus...


One Small Problem With Geithner's Plan:

It Will Bankrupt The Banks

By Henry Blodget

When a bank says an asset is worth 60 cents and the market says it's worth 30 cents, someone has to cover that spread. The genius of Geithner's plan is that it pawns most of the cost (and most of the risk) off on the taxpayer without the taxpayer noticing. Continue


Is the Bailout Plan Breeding a Greater Crisis?

By Paul Craig Roberts

The US finances its trade deficit by turning over to foreigners ownership of existing US assets and their future income streams, which, of course, increases the flow of income away from Americans. Continue


"We're All In This Together"

No we are not, that's the point.

By Cindy Sheehan

President Obama basically said that we can't demonize every investor who earns a profit, because "we are all in this together." Sorry, but I am going to have to call a big fat "bull-shit" on this one. Continue


Is the U.S.A. the World's Greatest Nation Now?

By Bob Kendall

According to the Los Angeles Homelessness Services Coalition, 3.5 million people in a given year will experience homelessness with 1.5 million of them children. The current national jobless figure stands at over 8 percent and is rising while there are 37 million Americans on food stamps. Continue

Harvard economist: Prohibition creates violence, legalize all drugs: Miron's proposed solution to ending the cartel war along the US-Mexico border is both simple and enormously complex.

E.U. President Calls U.S. Stimulus the ‘Way to Hell’: Transatlantic tension over the handling of the global economic crisis intensified Wednesday when the prime minister of the Czech Republic, which holds the European Union presidency, described the President Obama’s stimulus measures as the “way to hell.”

Should USA still be AAA?: Despite soaring budget deficits, investors are still buying U.S. Treasurys. Still, some critics say the government debt isn't nearly as safe as widely assumed.

Bjerknes - Obama And The Bankers - Vid

CDS 'Godfather' Says Blow 'Em All Up'

AIG Bonus Issue Deflates As Execs Return Pay

Brown Pushing Rothschild Vision Of Global Economy

US/UK Recovery Plans Are A 'Way To Hell'

Brown Put 'Millions Of Jobs At Risk'

The Trillion Dollar Question

Treasury Wants New Powers To Intervene

Barky Declares 'Progress' For US Economy

Goldman Sachs To Return $10B Bailout

Deflation? Not If You're Buying Food

Average Weekly Pay Falls 2.2%

Vandals Target Goodwin's House And Car

HSBC Axes 1,200 UK Jobs

First UK Bond Auction Fails Since 1995

Japanese Exports Down 50% From 2008

Freeze $1.5 Quadrillion Derivs As First Step To Recovery

National Service Bill Clears Senate Hurdle

IMF - Economic Crisis Will Engulf The World

China Calls For New Reserve Currency

China Considers Paper Gold Instead Of Dollar

Fears Of Record Hedge Fund Withdrawals

Savers Pull Money As Returns Deteriorate

Ellen Brown - Captured By The Debt Spider





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