By David Glenn Cox http://theservantsofpilate.com
Jan. 5 (Bloomberg) — "The engines that have lifted the U.S. economy out of every recession since World War II will be of little help this time around.
Inventory rebuilding, household spending, home construction and payroll growth — the forces that powered, to a greater or lesser extent, each recovery since 1945 — may remain missing for much of 2009. A glut of unsold properties may keep housing depressed, while shriveled savings will (...)
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Money Owes No Allegiance
6 January 2009 par (Open-Publishing)
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Will the New GCC (Gulf Cooperation Council) Single Currency Include Gold?
6 January 2009 par (Open-Publishing)
Will the New GCC (Gulf Cooperation Council) Single Currency Include Gold?
Gulf Cooperation Council leaders yesterday concluded their 29th annual summit meeting in Muscat, Oman with a final approval for the creation of a single currency for the six-nation economic bloc, still targeted for 2010.
Saudi Arabia is the largest economy in the GCC and boasts substantial gold reserves. But whether gold will be included in the currency basket has not yet been decided.
Golden opportunity GCC (...) -
2009 Prediction For USA
4 January 2009 par (Open-Publishing)
2009 Prediction For USA
A Professor and former KGB advisor on America in Russia, Igor Panarin, is predicting the demise of the USA this year. I have reported on this before, but we now have more details.
Panarin predicted the economic crisis in the US 10 years ago. He now says that by this Fall, there will be civil war in America. By June 1010, the USA will break up into 6 pieces. Alaska will go back to Russian control ( look out Sarah!) and Hawaii will go to China or Japan.
The East (...) -
50 Factors that Affect the Value of the US Dollar
29 December 2008 par (Open-Publishing)
1 comment50 Factors that Affect the Value of the US Dollar
By Jessica Hupp, August 8th, 2007
Would you believe something as mundane as a rainstorm in New England can affect the value of the Dollar? It’s true. The US Dollar is subject to numerous influences, from politics to Walmart, and everything in between. The following list contains 50 factors that affect the value of the US dollar, both big and small.
Balance of trade and investment
The balance of trade and investment is often cited by (...) -
Japan Should Scrap U.S. Debt, Dollar May Plummet, Mikuni Says
28 December 2008 par (Open-Publishing)
Japan Should Scrap U.S. Debt, Dollar May Plummet, Mikuni Says
by Stanley White and Shigeki Nozawa
Global Research, December 26, 2008 Bloomberg - 2008-12-24
The article below is a wake-up call to the harsh reality of the financial fiasco that has visited the US. For further details see Matthias Chang’s articles on www.FutureFastForward.com and www.GlobalResearch.ca
Japan should write-off its holdings of Treasuries because the U.S. government will struggle to finance increasing debt (...) -
Kissinger Calls For New International System Out Of World Crises
21 December 2008 par (Open-Publishing)
1 commentInfowars.net December 19, 2008
Kissinger Calls For New International System Out Of World Crises
Says global necessities should foster an “age of compatible interests”
Steve Watson
Bilderberg luminary Henry Kissinger has repeated his routine call for a new international political order, stating that global crises should be seen as an opportunity to move toward a borderless world where national interests are outweighed by global necessities.
Speaking with Charlie Rose earlier this (...) -
Ground Zero on Wall Street: Fed Funds and T-Bills Hit 0% Interest
21 December 2008 par (Open-Publishing)
Ground Zero on Wall Street: Fed Funds and T-Bills Hit 0% Interest
by Ellen Brown
Global Research, December 20, 2008 webofdebt.com
“I am more concerned with the return of my money than the return on my money.”– Mark Twain
In the last two weeks, two federal interest rates hit all-time record lows. On December 16, the market was taken by surprise when Fed Chairman Ben Bernanke lowered the federal funds rate (the interest banks pay to borrow the reserves they need to meet their reserve (...) -
China says lending to US will not go on forever
20 December 2008 par (Open-Publishing)
China says lending to US will not go on forever
Wed Dec 17, 2:38 am ET
BEIJING (AFP) – China warned Wednesday it would not keep lending money to the US economy indefinitely, even as new data showed it had consolidated its position as the top buyer of American government bonds. "China’s increased purchase of US Treasury securities should not be interpreted as an endorsement of the assumption that the US can borrow its way out of the current financial crisis," the China Daily said in an (...) -
The United States Is Already Dead, and Just Doesn’t Know It
19 December 2008 par (Open-Publishing)
The Late Great United States: The Decline and Fall of the United States of America
By Joseph George Caldwell Revised 17 December 2008
Max: You know, one thing I can’t figure out is whether these girls are real smart or just real, real lucky. Hal: You know, Max, brains will only get you so far, and luck always runs out. Thelma and Louise (A Ridley Scott film, 1991, MGM United Artists)
The United States Is Already Dead, and Just Doesn’t Know It In the 1990s, I wrote the book, Can (...) -
After the Madoff Scandal the Greenspan/Bernanke Disaster?
18 December 2008 par (Open-Publishing)
After the Madoff Scandal the Greenspan/Bernanke Disaster?
Monopoly Men (Federal Reserve Fraud) Must see Video!!!
The Federal Reserve, or the Fed as it is lovingly called, may be one of the most mysterious entities in modern American government. Created during Wilson’s presidency to protect the economy in times of financial turmoil, its real business remains to be discovered. During the Wilson presidency, the U.S. government sanctions the creation of the Federal Reserve. Thought by many (...)