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60
Minutes looked into various theories of what happened and concluded
that "many people believe it was a speculative bubble .and that it had
more to do with traders and speculators on Wall Street than with oil
company executives or sheiks in Saudi Arabia."
Watching
the Growth of Walmart Across America
Flowing data chart showing the explosion of Walmart stores. Federal obligations exceed world GDP
As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world. The
Ponzi Scheme Presidency
The Bush administration's Global War on Terror and its subsidiary wars in Afghanistan and Iraq have, in effect, been a giant Ponzi scheme. At a cost of nearly one trillion taxpayer dollars to date, Bush's mad 'global war' simply sucked needed money out of our world at levels that made Bernie Madoff seem like a small The 10 Worst Corporations of 2008 Acts Of Insanity Are What Destroyed The Economy Just more Keynsianism in the works, health of banks getting worse despite injections, Why not just let them fail and prosecute their officers for fraud? no end to the bailouts, insane acts of economics, Davos a bust, the world will eventually move away from the dollar Financial Coup d’Etat Banks,
corporations and investors acting in each global region were the exact
same players. They were a relatively small group that reappeared again
and again in Russia, Eastern Europe, and Asia accompanied by the same
well-known accounting firms and law firms.
Fed Ramps up Inflationary Debt Purchases Using Fictitious Money For those who haven't been paying much attention to the financial situation recently, the U.S. Treasury has just entered what I call the "final blowout phase" of debt desperation. As FT.com reports, the Treasury is set to auction off $67 billion in debt next week, to be followed by increasingly frequent auctions of yet more debt, to the tune of unknown billions (or even trillions) each year. The question is: Who is stupid enough to actually buy a 30-year debt note from the U.S. Treasury? The hilarious answer is: The Federal Reserve, of course! Cost
Of Bailout Hits $8.5 Trillion
Paulson Was Behind Bailout Martial Law Threat Who are the Architects of Economic Collapse? The financial meltdown explained Today's banking crisis is the THIRD trillion dollar plus US-caused financial meltdown in the last 20 years. Each one of these crises came into being through the same basic mechanism . . . the fraudulent over-valuing of financial assets by Wall Street -- with a wink and a nod (and sometimes a lot more) from the White House and Congress. The god that failed The 30 year lie of the market cult, by Chris Floyd of Counterpunch.org:"The money was there all along." The material world exists in the eternal Present... The world of Promises is the World of Credit or Finance. Thus, humans live and act in two worlds, because of the consciousness of Time: the real world of the Present, and the conceptual world of the Future, in which Credit and Finance have such an important place in our times. |