$1000.45
PAPER: Wall Street fears big bank is in trouble...
Feds peek at financial transactions of Americans -- without their knowledge...
Oil hits new record of $111...
Home Prices Plunge Across California...
Euro at New High Against Dollar...
*Clout Sinks Worldwide...
Republicans and “Free Market” Zealots Bring
Death To America
By Paul Craig Roberts
Each new decision from the insane Bush Regime pushes the dollar a little further along to oblivion. The same Fed announcement that boosted the stock market on March 11 sent the dollar reeling and the price of oil up. The Fed’s announcement that it and other central banks are going to deal with the derivative crisis by monetizing $200 billion of the troubled instruments signaled more dollar inflation. Continue
Roubini's Nightmare Scenario;
A Vicious Circle Ending In A Systemic Financial Meltdown
By Mike Whitney
America is going broke and the rest of the world knows it. Bernanke is just speeding the country along the ever-steepening downward trajectory. Continue
Watching the Dollar Die
By Paul Craig Roberts
I’ve been watching the dollar die all my life. I sometimes think I will outlast it.When I was a young man, gold was $35 an ounce. Today one ounce gold bullion coins, such as the Canadian Maple Leaf, cost more than $1,000. Continue
Right now, feds might be looking into your finances : Each year, federal agents peek at the financial transactions of millions of Americans — without their knowledge.
Jet Fighter Costs to Hit $1 Trillion: The cost of buying and operating a new fleet of jet fighters for the U.S. military is nearing $1 trillion, according to a congressional audit that found the program dogged by delays, manufacturing inefficiencies and price increases.
Gas, oil rise to records as dollar falls : Gas and oil prices jumped again to new highs Thursday as the dollar weakened, although crude's advance was limited by fresh evidence of a U.S. economic slowdown.
The Fed's in a desperate race with spectre of collapse: The Fed, with its latest $200bn offer of cheap cash, has provided yet more state aid for errant hedge funds and another Washington-backed bail-out for Wall Street bankers.
Carlyle Capital Nears Collapse as Rescue Talks Fail : Carlyle Group said creditors plan to seize the assets of its mortgage-bond fund after it failed to meet more than $400 million of margin calls on mortgage- backed collateral that plunged in value.
Feb. foreclosures up 60 percent over year before: Nevada, California, Florida have highest rates of those losing their homes
Chrysler to shut down all operations for 2 weeks in July: Chrysler LLC is telling employees worldwide to take a mandatory two-week vacation in July.
More Americans borrowing from 401(k) to pay bills: As home prices fall and banks tighten lending standards, more people are doing the same thing: raiding their retirement savings just to get by and spending their nest eggs to gas up SUVs, pay mortgages or put food on the table.
Wheat shortfall costing consumers more bread: Buying bread is starting to cost more dough these days. That's because the price of wheat has been steadily on the rise.
Price Of Flour Goes 4 Times Higher In Last 7 MosThe Fed Is Delaying The Day Of Reckoning
Dollar's Clout Sinks Worldwide
Hedge Funds On The Brink Of Collapse
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