The Financial Tsunami: The Next Big Wave is Breaking Fannie Mae, Freddie Mac and US Mortgage Debt https://www.globalresearch.ca/index.php?context=va&aid=9588 By F. William Engdah The announcement by US Treasury Secretary Henry Paulson together with Federal Reserve chief Bernanke, that the US Government will bailout the two largest guarantors of housing mortgage debt—the […]

https://www.321gold.com/editorials/mathid/mathid070308.html Sam Mathid Jul 3, 2008 There is a game of ‘Pass the Parcel’ happening in the world at the moment. The ‘parcel’ is filled with U.S. dollars. Just like little children at a birthday party, the governments who are holding vast reserves in the form of US paper dollars, […]

Ashley Seager The Guardian, https://www.guardian.co.uk/environment/2008/jul/03/biofuels.food The G8’s push for greater biofuel use has been a significant factor in driving 760 million people into food insecurity and putting them at risk of hunger in the past two years, ActionAid says today. Released before next week’s G8 summit in Hokkaido, Japan, the […]

Sky-High Oil Will Make U.S. Go Broke forbes.com Stratospheric crude oil prices precipitated by speculation are wreaking havoc on the U.S. economy. Based on income tax withholdings data from the Daily Treasury Statement, the wages of all U.S. workers on payrolls were unchanged on a year-over-year basis in the past […]

By Ambrose Evans-Pritchard, International Business Editor Last Updated: 12:19am BST 19/06/2008 https://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=A1YourView&xml=/money/2008/06/18/cnrbs118.xml The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks. “A very nasty period is soon […]

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Saturday, 21 June 2008, 3:27 pm Column: Ross Spencer https://www.scoop.co.nz/stories/HL0806/S00291.htm The world must embrace a “carbon-neutral lifestyle.” So says Al Gore. To do otherwise, he says, will result in a cataclysmic catastrophe. “Humanity is sitting on a ticking time bomb,” warns the website for his film, An Inconvenient Truth. “We […]

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https://rense.com/general82/whyi.htm Why Oil Prices Are So High A Weak Dollar, Bad Fed Policies and Hedge Fund Speculators By Paul Craig Roberts 6-14-8 How to explain the oil price? Why is it so high? Are we running out? Are supplies disrupted, or is the high price a reflection of oil company […]

https://www.marketoracle.co.uk/Article4984.html While attention has been focused on the relatively tiny US „sub-prime“ home mortgage default crisis as the center of the current financial and credit crisis impacting the Anglo-Saxon banking world, a far larger problem is now coming into focus. Sub-prime or high-risk Collateralized Mortgage Obligations, CMOs as they are […]

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