World-News

https://www.lewrockwell.com/spl/real-economy-is-dying.html

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A Financial Revolution with Profound Political Implications

By Robert Fisk

The plan to de-dollarise the oil market, discussed both in public and in secret for at least two years and widely denied yesterday by the usual suspects - Saudi Arabia being, as expected, the first among them - reflects a growing resentment in the Middle East, Europe and in China at America's decades-long political as well as economic world dominance.

https://www.informationclearinghouse.info/article23657.htm



"Dollar's Demise Will Be Felt Worldwide"

Video Interview With Gerald Celente

"There's a major financial crisis ahead. The United States, the world's superpower, is failing on its most basic level."

https://www.informationclearinghouse.info/article23665.htm



Chaos at Cobo: Thousands stand in line for help paying bills

By Charlie LeDuff, George Hunter and Santiago Esparza

"This morning, I seen the curtain pulled back on the misery," he said. "People fighting over a line. People threatening to shoot each other. Is this what we've come to?"

https://www.informationclearinghouse.info/article23662.htm



Health Care and the 'Predator State'

It is corporate power, not the government, that we need to worry about.

By Thomas Frank

In June 2008, I used this space to call on then-Sen. Barack Obama to add economist James K. Galbraith's book, "The Predator State," to his reading list. As an account of the capture of government by private interests.

https://www.informationclearinghouse.info/article23664.htm



Prophets of doom see new bubbles

Two of the world's most influential investment gurus warned yesterday that financial markets were turning into "bubbles".

https://snipurl.com/sdxin



Celente on dollar

America sinks with its gold
https://www.informationclearinghouse.info/article23665.htm



China calls time on dollar hegemony

You can date the end of dollar hegemony from China's decision last month to sell its first batch of sovereign bonds in Chinese yuan to foreigners.

https://snipurl.com/sdxj4



A Hidden $34 Billion Bank Subsidy?

Study Exposes How Taxpayers Are Subsidizing Bank of America, Citigroup, Wells Fargo and Other Large Banks.

https://www.democracynow.org/2009/10/6/a_hidden_34_billion_bank_subsidy



California Hotel Foreclosures Triple in Travel Slump

Properties in default more than quadrupled to 259.
https://www.bloomberg.com/apps/news?pid=20601087&sid=a5nTehuUgKfQ



Dropping Rents Will Drag House Prices Down with Them

This is good news for renters and bad news for landlords. It's also bad news for anyone who owns and would like to sell a house.

https://snipurl.com/sdxji


From Information Clearing House



https://freepage.twoday.net/search?q=Obama
https://freepage.twoday.net/search?q=bubble
https://freepage.twoday.net/search?q=financial+market
https://freepage.twoday.net/search?q=foreclosure
https://freepage.twoday.net/search?q=predator+state
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https://freepage.twoday.net/search?q=Dollar+demise
https://freepage.twoday.net/search?q=corporate+power
https://freepage.twoday.net/search?q=taxpayer
https://freepage.twoday.net/search?q=Bank+of+America
https://freepage.twoday.net/search?q=Citigroup
https://freepage.twoday.net/search?q=Wells+Fargo
https://freepage.twoday.net/search?q=healthcare
https://freepage.twoday.net/search?q=Aaron+Task
https://freepage.twoday.net/search?q=Robert+Fisk
https://freepage.twoday.net/search?q=Gerald+Celente
https://freepage.twoday.net/search?q=Charlie+LeDuff
https://freepage.twoday.net/search?q=Santiago+Esparza
https://freepage.twoday.net/search?q=Thomas+Frank
https://freepage.twoday.net/search?q=James+K.+Galbraith

By Mike Whitney

Corporations are finding it harder to roll over their debt, bank loans are defaulting at a historic pace, and commercial real estate is imploding. Credit destruction is unprecedented, massive and ongoing. The capital hole is bigger than the Fed and bigger than the Treasury. It can't be plugged with liquidity alone.

https://www.informationclearinghouse.info/article23639.htm



Follow the Money

Cure Millions of Leprosy -- or Just Give Hank Paulson a Tax Break?

By Matt Bivens

There are many possible responses to the news that we have committed more than four trillion public dollars to Wall Street. Mine is a roar of admiration. Four trillion dollars! H... h...! I didn't even know that was possible! U.S.A.! U.S.A.!

https://www.informationclearinghouse.info/article23638.htm



What Recession?

As the Economy Crashed Around Them, 400 Richest Americans Lined Their Pockets with $30 Billion

By Les Leopold

It's great to know that during the worst economic crisis since the Great Depression, the wealth of the 400 richest Americans, according to Forbes, actually increased by $30 billion.

https://www.informationclearinghouse.info/article23641.htm



https://freepage.twoday.net/search?q=Bernanke
https://freepage.twoday.net/search?q=Paulson
https://freepage.twoday.net/search?q=Treasury
https://freepage.twoday.net/search?q=economic+crisis
https://freepage.twoday.net/search?q=Great+Depression
https://freepage.twoday.net/search?q=recession
https://freepage.twoday.net/search?q=Wall+Street
https://freepage.twoday.net/search?q=real+estate
https://freepage.twoday.net/search?q=Mike+Whitney
https://freepage.twoday.net/search?q=Matt+Bivens

https://www.commondreams.org/headline/2009/10/05-11

White House: Leaving Afghanistan Not An Option
https://www.commondreams.org/headline/2009/10/05-9

Celebrating Slaughter: War and Collective Amnesia
https://www.commondreams.org/view/2009/10/05-0



https://freepage.twoday.net/search?q=Obama
https://freepage.twoday.net/search?q=Afghanistan
https://freepage.twoday.net/search?q=overseas+prison
https://freepage.twoday.net/search?q=Ben+Feller
https://freepage.twoday.net/search?q=Chris+Hedges

https://www.commondreams.org/headline/2009/10/05

US FDIC Chief: "Too Big to Fail" Must End for All
https://www.commondreams.org/headline/2009/10/05-0

Why the Banks Are Winning: Nomi Prins, Dean Baker, and James Mumm
https://www.commondreams.org/video/2009/10/05-0

Follow the Money
https://www.commondreams.org/view/2009/10/05

Center for Economic and Policy Research (CEPR): New Report Finds IMF Agreements Have Included Policies That Could Worsen Economic Slowdown in 31 of 41 Countries
https://www.commondreams.org/newswire/2009/10/05-0



https://freepage.twoday.net/search?q=bailout
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https://freepage.twoday.net/search?q=David+Lawder
https://freepage.twoday.net/search?q=Nomi+Prins
https://freepage.twoday.net/search?q=Dean+Baker
https://freepage.twoday.net/search?q=James+Mumm
https://freepage.twoday.net/search?q=Matt+Bivens

Dean Baker, Truthout: "Everything is bright and sunny again, unless you have to work for a living. The news here is less good. The economy lost more than 260,000 jobs in September, with the unemployment rate reaching 9.8 percent. The 10.3 percent unemployment rate for adult men is the highest rate since the Great Depression. And real wages are headed downward."

https://www.truthout.org/10050911



The Truth About Jobs That No One Wants to Tell You

Robert Reich, Robert Reich's Blog: "The federal government should be spending even more than it already is. This is the only way to put Americans back to work. We did it during the Depression. It was called the WPA."

https://www.truthout.org/1005093



https://freepage.twoday.net/search?q=Great+Depression
https://freepage.twoday.net/search?q=recovery
https://freepage.twoday.net/search?q=unemploy
https://freepage.twoday.net/search?q=Dean+Baker
https://freepage.twoday.net/search?q=Robert+Reich+Blog

Foliensatz – Langfassung – von Lothar Kamp vom September 2009 bei der
Hans-Böckler-Stiftung (pdf)
https://www.boeckler.de/pdf/bb_folien_finanzmarktkrise.pdf

 

Aus: LabourNet, 5. Oktober 2009

 

https://freepage.twoday.net/search?q=Finanzkrise
https://freepage.twoday.net/search?q=Rettungspaket

TCS Daily
by Alan W. Dowd

10/01/09

Given the dark economic outlook this time a year ago, it was hard to find a business or household that had the confidence — or audacity — to predict growth by the end of 2009, let alone double-digit growth. But that’s what Washington’s spending spree has done for the U.S. government. In fact, federal spending in the United States will mushroom from $2.98 trillion in 2008 to $3.93 trillion by the end of this year — an increase of 32 percent. The spending binge began under President Bush — $700 billion for the TARP behemoth and $17 billion-plus in automaker bridge loans were anything but pocket change — but it exploded under President Obama...

https://www.tcsdaily.com/article.aspx?id=100109A



The administration is contemplating further stimulus

Independent Institute
by Robert Higgs

10/03/09

Republican partisans, willing to grasp and exploit any passing news that seems to discredit the ruling Democrats, trumpet the conclusion that ‘the stimulus has failed.’ I don’t dispute that it has failed and that it will continue to do so, but my reasons for this judgment have nothing to do with partisanship, inasmuch as I loathe both parties equally — indeed, I don’t regard them as two parties at all, but only as two wings of a predatory one-party state. In any event, though, there’s trouble in River City, and the politicians have naturally decided that ’something must be done,’ lest the peasants grow dangerously restive. Whence cometh a good deal of talk about ‘more stimulus,’ although administration spokespersons such as Larry Summers are quick to distance themselves from this phraseology, if not from the substance it denotes. So, what exactly do our glorious rulers have in mind?

https://www.independent.org/blog/?p=3543



The costs of Mideast wars

The American Conservative
by Patrick J. Buchanan

10/02/09

Obama is facing an awful choice. Committing 45,000 more troops to Afghanistan will not assure victory, McChrystal is telling the president, but denying him the 45,000 troops may ensure an American defeat. Being forced to make this Hobbesean choice will surely affect Obama’s decision on Iran. Seeing what a decade of war has done to his country, he cannot want a third war with a nation more populous than Iraq and Afghanistan combined. Yet that is where the sanctions regime is inevitably headed...

https://www.amconmag.com/blog/2009/10/02/the-costs-of-mideast-wars/


Informant: Thomas L. Knapp



https://freepage.twoday.net/search?q=Obama
https://freepage.twoday.net/search?q=Bush+legacy
https://freepage.twoday.net/search?q=McChrystal
https://freepage.twoday.net/search?q=Afghanistan
https://freepage.twoday.net/topics/Is+Iran+next/
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https://freepage.twoday.net/search?q=Robert+Higgs
https://freepage.twoday.net/search?q=Patrick+J.+Buchanan

Las Vegas Review-Journal
by Vin Suprynowicz

10/04/09
Unemployment continues to tick upward. Small businesses forgo profits on two-for-one deals just to keep the doors open. But we’re in recovery. Treasury Secretary Timothy Geithner, the guy who couldn’t get around to paying his own taxes, says so. After all, government is doing all it can to speed the recovery, isn’t it?

https://tinyurl.com/ybthnfg


Informant: Thomas L. Knapp



https://freepage.twoday.net/search?q=Geithner
https://freepage.twoday.net/search?q=Treasury
https://freepage.twoday.net/search?q=recession
https://freepage.twoday.net/search?q=recovery
https://freepage.twoday.net/search?q=unemploy
https://freepage.twoday.net/search?q=Vin+Suprynowicz

https://www.lewrockwell.com/spl/sue-the-fed.html

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Report Details How Lehman Hid Its Woes

It is the Wall Street equivalent of a coroner's report - a 2,200-page document that lays out, in new and startling detail, how Lehman Brothers used accounting sleight of hand to conceal the bad investments that led to its undoing.

https://www.nytimes.com/2010/03/12/business/12lehman.html


From Information Clearing House



https://freepage.twoday.net/search?q=Lehman+Brothers
https://freepage.twoday.net/search?q=Federal+Reserve
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https://www.lewrockwell.com/spl/sanity-of-secession.html



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