Chavez Urges Withdrawals From U.S. Banks
By IAN JAMES – 1 day ago
CARACAS, Venezuela (AP) — Venezuelan President Hugo Chavez urged his Latin American allies on Saturday to begin withdrawing billions of dollars in international reserves from U.S. banks, warning of a looming U.S. economic crisis.
Chavez made the suggestion as he hosted a summit aimed at boosting Latin American integration and rolling back U.S. influence.
"We should start to bring our reserves here," Chavez said. (...)
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Chavez Urges Withdrawals From U.S. Banks
28 January 2008 par (Open-Publishing)
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Russia Was Better Prepared for Collapse than the U.S.
25 January 2008 par (Open-Publishing)
Russia Was Better Prepared for Collapse than the U.S.
Dmitry Orlov Energy Bulletin January 16, 2008
Originally published: December 4, 2006
Good evening, ladies and gentlemen. I am not an expert or a scholar or an activist. I am more of an eyewitness. I watched the Soviet Union collapse, and I have tried to put my observations into a concise message. I will leave it up to you to decide just how urgent a message it is.
My talk tonight is about the lack of collapse-preparedness here (...) -
YOU SHOULD BE WARY OF THIS MARKET REBOUND
25 January 2008 par (Open-Publishing)
1 commentYOU SHOULD BE WARY OF THIS MARKET REBOUND
By JOHN CRUDELE
January 24, 2008 —
IT’S a miracle - two days in a row.
The stock market was going to hell again yesterday when suddenly - out of a cloud of dust and a hearty Hi-Ho Silver - someone came to the rescue.
You are going to read elsewhere that investors, at precisely 12:44 p.m. yesterday, got the urge to buy enormous amounts of equities because of some mass and simultaneous belief that stocks had gone down enough.
And (...) -
2008: Full global impact phase of the Very Great US Depression
25 January 2008 par (Open-Publishing)
2008: Full global impact phase of the Very Great US Depression Public announcement GEAB N°21 (Januray 16, 2008) -
One year ago, LEAP/E2020 anticipated that the year 2007 would mark the US entry into what our team then called “the Very Great US Depression”. At that time, the dominent spirit was overwhelmingly euphoric. The word « subprime » was still unknown among the general public and experts estimated that the US housing crisis would bear no consequences for the rest of the US economy (...) -
Protocols for Economic Collapse in America
25 January 2008 par (Open-Publishing)
Protocols for Economic Collapse in America
Reposted from Anonymous Coward
And this is how the U.S. Treasury would handle an economic collapse. It’s called the 6900 series of protocols. It would start with declaring a force majeure, which would immediately be interpreted by the marketplaces as a de facto repudiation of debt. Then the SEC and the various regulatory exchanges would anticipate the market’s decline, hour by hour — when Japan’s markets opened the next day, what would happen (...) -
What do we eat?
21 January 2008 par (Open-Publishing)
Germany: The Melander family of Bargteheide Food expenditure for one week: 375.39 Euros or $500.07 :
United States: The Revis family of North Carolina (Sure hope most American families eat more fresh fruits and vegetables and less junk food than this family.) Food expenditure for one week $341.98 :
Italy: The Manzo family of Sicily Food expenditure for one week: 214.36 Euros or $260.11 :
Mexico: The Casales family of Cuernavaca Food expenditure for one week: 1,862.78 Mexican Pesos (...) -
biggest drop in new homebuilding in 27 years
18 January 2008 par (Open-Publishing)
Biggest drop in new homebuilding in 27 years Drop of 24.8 percent in 2007 from prior year second-biggest on record The Associated Press updated 6:42 p.m. ET Jan. 17, 2008
WASHINGTON - The steep slump in housing intensified at the end of last year, pushing home construction down by the biggest amount in nearly three decades.
Analysts forecast more bad news in the months ahead with the big question remaining whether the housing slump will be severe enough to push the country into a (...) -
Japanese Stocks Tumble on Goldman U.S., Domestic Recession Call
10 January 2008 par (Open-Publishing)
Japanese Stocks Tumble on Goldman U.S., Domestic Recession Call
By Patrick Rial and Satoshi Kawano
Jan. 10 (Bloomberg) — Japanese stocks fell after Goldman Sachs Group Inc. said the domestic economy and that of the U.S., the world’s two largest, may be headed for recession, sparking concern company earnings will falter.
Mitsubishi UFJ Financial Group Inc. led banks lower after the Wall Street Journal said Citigroup Inc. and Merrill Lynch & Co. are seeking additional capital (...) -
UN fears world recession
10 January 2008 par (Open-Publishing)
UN fears world recession
January 10, 2008 07:40am
THE United Nations has warned of "clear and present dangers" that the United States will take the world economy to a near standstill this year.
As some of world finance’s leading analysts predict a US recession this year, the world body says America’s problems with housing credit and a weakening currency threaten to drag the world into an economic morass.
In an annual report, the world body forecast global economic growth at 3.4 per (...) -
Recession in the US ’has arrived’
9 January 2008 par (Open-Publishing)
Recession in the US ’has arrived’ The feared recession in the US economy has already arrived, according to a report from Merrill Lynch.
It said that Friday’s employment report, which sent shares tumbling worldwide, confirmed that the US is in the first month of a recession.
Its view is controversial, with banks such as Lehman Brothers disagreeing.
But a reserve member of the committee that sets US rates warned that it could do little about the below-trend growth expected in the (...)