Posted in 2009-06-09 ¬ 14:13h.Toimitus
The Federal Reserve caused the current economic crisis by suppressing interest rates and creating the housing bubble, Texas Congressman Ron Paul, Euro Pacific Capital president Peter Schiff, and others have charged. And now there’s finally been enough political push-back for the damage the Federal Reserve has wreaked that the Fed will be hiring a lobbyist.
Read the rest of this entry »
Posted in 2009-05-22 ¬ 10:03h.Toimitus
Goldman Sachs director Stephen Friedman recently defended his purchase of Goldman shares while he was serving as chairman of the New York Federal Reserve. Oh, no, there’s no conflict of interest there, right? You’ll recall Goldman Sachs, of course. That’s the former “investment bank” that was converted during late last year’s financial crisis to the status of a traditional bank holding company.
Maybe somewhere along the line we’ll get an answer to that question about potential conflict of interest, as well as to scores of other unanswered questions about a financial meltdown that happened at a critical moment in the presidential race, and that seemed to catch financial wizards completely off guard.
Read the rest of this entry »
Posted in 2009-04-14 ¬ 19:09h.Toimitus
The senior counsel to the 9/11 Commission – John Farmer – says that the government agreed not to tell the truth about 9/11, echoing the assertions of fellow 9/11 Commission members who concluded that the Pentagon were engaged in deliberate deception about their response to the attack.
Read the rest of this entry »
Posted in 2009-03-23 ¬ 08:01h.Toimitus
Poliisi varautuu Lontoossa vuosikymmenen pahimpiin levottomuuksiin, kun maailman johtajat kokoontuvat G20-huippukokoukseen vajaan kahden viikon kuluttua. Vihanpurkausten uskotaan kohdistuvan ensisijaisesti pankkeihin ja pankkiireihin. Suuri mielenosoitus on suunnitteilla ainakin Englannin keskuspankin edustalle aprillipäiväksi varsinaisen G20-kokouksen aattona.
Read the rest of this entry »
Posted in 2009-02-27 ¬ 15:33h.Toimitus
The global economic meltdown has already caused bank failures, bankruptcies, plant closings, and foreclosures and will, in the coming year, leave many tens of millions unemployed across the planet. But another perilous consequence of the crash of 2008 has only recently made its appearance: increased civil unrest and ethnic strife. Someday, perhaps, war may follow. As people lose confidence in the ability of markets and governments to solve the global crisis, they are likely to erupt into violent protests or to assault others they deem responsible for their plight, including government officials, plant managers, landlords, immigrants, and ethnic minorities. (The list could, in the future, prove long and unnerving.) If the present economic disaster turns into what President Obama has referred to as a “lost decade,” the result could be a global landscape filled with economically-fueled upheavals.
Read the rest of this entry »