https://theinternationalforecaster.com/International_Forecaster_Weekly/The_Big_Sting_Two The plan for an economic takedown, the results of rampant market speculations, insiders picking up assets for pennies on the dollar, the coming hyperinflation, the credit crunch, collapse of the dollar carry trade, suppression of metals prices, American meddling in Georgia The Big Sting Two is now being implemented […]
Economics
by Mike Whitney | July 29, 2008 – 12:26pm The Bush administration will be mailing out another batch of “stimulus” checks in the very near future. There’s no way around it. The Fed is in a pickle and can’t lower interest rates for fear that food and energy prices will […]
https://www.marketoracle.co.uk/Article5594.html 1. Paulson appears on Face The Nation and says “Our banking system is a safe and a sound one.” If the banking system was safe and sound, everyone would know it (or at least think it). There would be no need to say it. 2. Paulson says the list […]
House of Cards You thought the housing crisis was bad? You ain’t seen nothing yet. By Danny Schechter The Mess 28/06/08 "LA CityBeat " — – Nationwide, two million homes sit vacant. Home sales are at a nine-year low. Former Treasury Secretary Larry Summers says that housing finance has not […]
https://2cents.dailyreckoning.com/ I had a very interesting conversation today with a friend who used to be a mortgage broker (until the company he started imploded) and now works at a bank selling REO property. Now, this is a guy who made millions flipping, and when I told him two years ago […]
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 […]