Friday, July 25, 2008

More Dollar issues

Home sales tumble across USA...

Stocks Plunge...

Crystal Ball Gazing: Visualize the Dow at 6,000

By Mike Whitney

Last Wednesday, at an improvised press conference, George Bush gave what may have been the most comical performance of his eight year presidency. Looking like the skipper on the flight-deck of the Hindenburg, Bush tried his best to reassure the public that "all's well" with the economy and that everyone's deposits were perfectly safe in the rapidly disintegrating US banking system. Continue


"The Mother of All Bailouts"

7 Minute Video - By Ron Paul

Ron Paul talks about the bailout out of the housing industry and how it really just destroys the dollar and adds enormously to the debt. Also, slipped into the bill, was the stipulation that ALL credit card transactions must now be reported to the IRS. Continue


Attack of the Global Pirate Bankers

By James S. Henry

In the last thirty years, fueled by the globalization of financial services, lousy lending, capital flight and mind-boggling corruption, a relatively small number of major banks, law firms, accounting firms, asset managers, insurance companies and hedge funds have come to launder and conceal at least $10 trillion to $15 trillion of private untaxed anonymous cross-border wealth. Continue

Evidence of the US Banking System Teetering on the Brink of Collapse: The entire US banking system is insolvent.

Ford Posts Loss of $8.7 Billion on Asset Woes: The Ford Motor Company, stunned by abysmal sales of its most profitable vehicles and a sudden shift in consumers’ tastes, said Thursday that it lost $8.7 billion in the quarter, its worst ever, and would overhaul its North American plants to focus on small cars.

2nd Mtge Holders (Banks) To Be Bailed Out, Too

Greatest Transfer Of Wealth In History Nears

Evidence Of US Banking System At Brink Of Collapse

Banking Crisis Alert - How Safe is Your Bank?

UK Retail Sales In Worst Dive In 22 Yrs

Death Spiral Financing At Citi, Merrill, WaMu

Dubai's Oil Boom Financial Centre Heads For Bust?

Chavez Seeks Joint Bank With Russia

'Diversity' Was Used To Create Mortgage Crisis

Wall St Truth Slips Out In Bush Private Remarks

Crashed IndyMac Bank Not On FDIC's Watch List!

What Happens When The FDIC Runs Out Of Money?

A Golden Parachute With A Silver Lining?

Global Credit Crisis Takes Hold In Japan

UK Housing - New Mortgages Plummet 70%

Wachovia Loses $8.9B, Cuts 6,350 Workers, Dividends

Fannie, Freddie Rescue May Cost Taxpayers $25B

BoE Warns UK House Prices Could Dive 30%

The Paper Money Scam

Rep McFadden's Heroic Efforts To Abolish The Fed

Fiat Faith-Based Currencies - Ron Paul

Collapsing Fiat Currency In Need Of Parachute

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