A former high-ranking member of the CIA, now retired, who was a career employee, contacted us this week. Due to our reporting on Halliburton and their corruption we were given 46 pages of testimony on how Halliburton, the CIA, the Pentagon and Bush, Cheney and Rumsfeld have been stealing billions of dollars.
read more | digg story
Tuesday, June 03, 2008
More economic issues
Indefensible Spending
By Robert Scheer
You wouldn’t know it from the most-exhausting-ever presidential primary campaigns, but the 2009 defense budget commits the United States to spending more (again, in real dollars) to defeat a ragtag band of terrorists than it spent at the height of the Cold War fighting the Soviet superpower and what we alleged were its surrogates in the Korean and Vietnam wars. Continue
Introducing the world's strongest currency: The shekel: Even the powerful euro has had a hard time competing with what has become probably the strongest currency in the world since the beginning of 2008: the Israeli shekel.
Number of uninsured U.S. young adults grows: The number of uninsured U.S. young adults, who already represent a major chunk of the American population without health coverage, rose again in 2006, according to a study released on Friday.
Why Does A Mint Lease Out Gold/Silver?
Inflation Watch Continues On Wall Street
Montana May Have 40 BILLION Barrels Of Crude Oil
America - Debts Unpayable, Financial System Bankrupt
Banks' Credit Crisis Fixes Echo 1929 Depression
US Staring At Double Dip Recession
'08 Muni Bond Defaults Already Triple All Of '07
How The Oil Crisis Has Shocked The World
Wall St Aided/Abetted Mtge Securities Fraud
Is Crude Oil A Bubble Ready To Burst?
Here's Some Home Price Drops By City
US Home Prices Still In Free Fall
Monday, June 02, 2008
More economic issues
Treasury chief: no 'quick fix' on oil...
U.S. Economy: The Worst is Yet to Come
By Mark Weisbrot
We are facing the prospect of millions losing their homes, their jobs, their retirement savings, their health insurance, and their livelihoods. Continue
Stop The Fed Before It's Too late
By Hossein Askari and Noureddine Krichene
Are we to succumb to the Fed's disastrous policy? Are the policymakers to remain totally passive while the whole country and world economy are in an economic crisis? The longer an effective stabilization plan is delayed, the higher the risk of a severe economic downturn. Continue
The Great Oil Swindle
How much did the Fed really know?
By Mike Whitney
The great oil crunch is another fabricated crisis; another "smoke and mirrors" fiasco; another Enron-type shell-game engineered by banksters and hedge fund managers. Once again, the bloody footprints can be traced right back to the front door of the Federal Reserve. Continue
Swiss bank tells unit staff to avoid US visits: UBS (NYSE:UBS) has told members of its former private banking team responsible for rich US clients not to travel to America.
Fed to make fresh batch of bank loans: The Federal Reserve announced Thursday that it will make a fresh batch of short-term cash loans available to squeezed banks as part of an ongoing effort to ease stressed credit markets.
America - Debts Unpayable, Financial System Bankrupt
Banks' Credit Crisis Fixes Echo 1929 Depression
US Staring At Double Dip Recession
'08 Muni Bond Defaults Already Triple All Of '07
How The Oil Crisis Has Shocked The World
Wall St Aided/Abetted Mtge Securities Fraud
Is Crude Oil A Bubble Ready To Burst?
Here's Some Home Price Drops By City
US Home Prices Still In Free Fall
Friday, May 30, 2008
More economic issues
Americans' Record $4 Gasoline Price Remains Bargain in Europe...
WAL-MART puts squeeze on food costs...
Workers shifting to 4-day week to save gasoline...
REGULATOR PROBES OIL PRICES...
Fed to make fresh batch of bank loans...
...banks likely to fail as bad loans soar
SEC CITES PROFESSOR OF FINANCE FOR INSIDER TRADING...
America's Money: Debt crush: Americans deep in debt are struggling more than ever amid the credit crisis and economic downturn.
Rising Prices Hit Home For Food Stamp Recipients: At a time when food prices are soaring, a growing number of Americans are struggling financially and local social service agencies are seeing record numbers of applicants, advocates are concerned that the purchasing power of food stamps has shrunk since 1996, when Congress recalculated benefit levels.
Food banks face high costs but feeding more people: Like nearly a third of the first 50 customers to arrive at the Emergency Food Bank of Stockton that morning, Hoffman was new to the pantry. But since she lost her sales job at a local newspaper in December, she has not found work in Stockton, which has the highest foreclosure rate in the country and a hurting job market.
Surviving The Coming Inflationary Debacle
US Home Prices Fall Record 14.1% In 1st Q
US Housing Drops Further - Down 14.4% In March
Germany Joins Call For Oil Speculators BAN
UK House Prices Fall - Buyers /Go On Strike'
Thursday, May 29, 2008
98 Trillion unfunded DEBT on US Taxpayer - FedReserve Speech
Inflation, US Dollar - No combo of tax hikes & spending cuts, though, will change the total burden borne by current & future generations. For the existing unfunded liabilities (just SS & Medicare) to be covered...someone must pay $99.2 trillion more (68% tax rise) or receive $99.2 trillion less than currently promised. This is a cold, hard fact.
read more | digg story
read more | digg story
More economic issues
British PM warns of global oil 'shock'...
OPEC says oil should be $60/$70 barrel...
OPEC says oil should be $60/$70 barrel...
America's Money: Debt crush: Americans deep in debt are struggling more than ever amid the credit crisis and economic downturn.
Rising Prices Hit Home For Food Stamp Recipients: At a time when food prices are soaring, a growing number of Americans are struggling financially and local social service agencies are seeing record numbers of applicants, advocates are concerned that the purchasing power of food stamps has shrunk since 1996, when Congress recalculated benefit levels.
Food banks face high costs but feeding more people: Like nearly a third of the first 50 customers to arrive at the Emergency Food Bank of Stockton that morning, Hoffman was new to the pantry. But since she lost her sales job at a local newspaper in December, she has not found work in Stockton, which has the highest foreclosure rate in the country and a hurting job marketSurviving The Coming Inflationary Debacle
US Home Prices Fall Record 14.1% In 1st Q
US Housing Drops Further - Down 14.4% In March
Germany Joins Call For Oil Speculators BAN
UK House Prices Fall - Buyers /Go On Strike'
Wednesday, May 28, 2008
More Dollar problems
Housing Bailout Bill Creates National Fingerprint Registry
By Declan McCullagh
Buried in the text of the revised legislation, approved by the Senate Banking Committee by a 19-2 vote this week, is a plan to create a new national fingerprint registry. Continue
Germany in call for ban on oil speculation: German leaders are to propose a worldwide ban on oil trading by speculators, blaming the latest spike in crude prices on manipulation by hedge funds.
Time to do something about oil: The oil price rise of more than US$50 per barrel since the US Federal Reserve started cutting interest rates in September is beginning to get serious. Since the rise of oil import prices alone removes $170 billion from the US economy, more than 1% of gross domestic product, it is both inflationary and highly recession-producing, especially since it has been accompanied by similar rises in other commodity prices. Its full effects have not been seen yet but they're coming - don't worry!
Home prices tumbled in first quarter: Decline of 14.1 percent was largest in two decades
Fuel suppliers demand airlines pay cash in advance: Airlines are being forced to pay cash in advance for jet fuel as the major oil companies tighten the screws on an industry that is being crushed by an extraordinary surge in the price of crude oil.
US Home Prices Fall Record 14.1% In 1st Q
US Housing Drops Further - Down 14.4% In March
Germany Joins Call For Oil Speculators BAN
UK House Prices Fall - Buyers /Go On Strike'
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