New World Order – Global gamble: the fightback begins…

It was the longest day in the battle to rescue the world’s stricken economy from the financial crisis which had left banks teetering. Sean O’Grady, Economics Editor, reports from Washington

The world’s central banks and governments appear to be running out of ammo in the face of a financial crisis that has been intensifying by the hour.
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The Quickening

I have been using the term, the Quickening, to describe the recent series of political, economic, and military events and trends. Events have quicken, or increased in speed, with the trend line most negative in the last month, and this has been global in nature.

I believe that the time period from 9/11/01 (the false flag attack on America) to 9/11/08 was the Biblical Seven Year Tribulation. Continue reading

You Saw It Here First; Economic Crash, Banker Stick-Up Predicted Long Ago

While mainstream corporate media lied to Americans claiming economy was strong, we were warning about a “global crash” and a faux solution of “predatory globalism” nearly two years in advance

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Video: Goldman Sachs Bribed Senate To Pass Bailout Bill

How much bribe money does it take to transfer $700 Billion taxpayer dollars to Wall Street’s elite?

GOLDMAN SACHS CONTRIBUTIONS:
Obama, Barack (D-IL) $691,930
Clinton, Hillary (D-NY) $468,200
Romney, Mitt (R) $229,675
McCain, John (R-AZ) $208,395
Himes, Jim (D-CT) $114,748
Giuliani, Rudolph W (R) $111,750
Dodd, Christopher J (D-CT) $105,400
Edwards, John (D) $66,450
Specter, Arlen (R-PA) $47,600
Emanuel, Rahm (D-IL) $32,950
Reed, Jack (D-RI) $30,100

How much money did your Represenative get from Big Bankers to look the other way and pass a bill that the American people clearly do not want?

Asian stocks plunge on fears of global recession

TOKYO (AP) — A meltdown in confidence strangled Asian stock markets Wednesday on accelerating fears that the widening financial crisis could spawn a global recession.

After a miserable day on Wall Street when the Dow Jones industrials lost more than 500 points, investors from Tokyo to Mumbai, Seoul to Sydney dumped shares in a broad regional sell-off.

Anxious investors in Tokyo sent shares into a free-fall, with the benchmark Nikkei 225 stock average plunging 9.4 percent — its biggest drop in 21 years — to 9,203.32, a five-year low. Continue reading

MSM: CNN – World Markets – Asia Pacific + Australia

Asia Pacific & Australia N/A

Index Change %Change Level Last Update *
Australia ASX 100 -188.40 -4.98% 3,594.10 10/8 4:47pm
Australia ASX All Ords -228.10 -4.96% 4,369.80 10/8 4:47pm
Australia ASX Mid-cap 50 -237.80 -5.39% 4,176.70 10/8 4:47pm
Hong Kong Hang Seng -1,372.03 -8.17% 15,431.73 10/8 4:49pm
Hong Kong HSCC Red Chip -273.89 -8.54% 2,900.93 10/8 4:34pm
Japan Nikkei 225 -952.58 -9.38% 9,203.32 10/8 4:30pm

Billions for Bankers – Debts for the People

In 1901 the national debt of the United States was less than $1 billion. It stayed at less than $1 billion until we got into World War I. Then it jumped to $25 billion.

The national debt nearly doubled between World War I and World War II, increasing from $25 to $49 billion.

Between 1942 and 1952, the debt zoomed from $72 billion to $265 billion. In 1962 it was $303 billion. By 1970, the debt had increased to $383 billion.

Between 1971 and 1976 it rose from $409 billion to $631 billion. The debt experienced its greatest growth, however, during the 1980s, fueled by an unprecedented peacetime military buildup. In 1998, the outstanding public debt will roar past $5.5 trillion. Continue reading

European stock markets in freefall following Paris financial summit

The response of European stock markets to the crisis summit held in Paris on Saturday could have not been clearer. On Monday, share prices across Europe plummeted.

The Dax (Frankfurt) lost 7 percent, the TecDax 11 percent, the FTSE 100 (London) 8 percent and the CAC 40 (Paris) 9 percent. In Iceland, share trading was halted altogether. Following the nationalisation of the country’s third biggest bank, the government itself was threatened with bankruptcy.

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Thursday is D-Day – Thursday’s auction for Lehman’s credit default swaps (CDS)

Forget the stock market gyrations. Forget Bernanke and Paulson’s ineffective, unconstitutional schemes.

Thursday’s auction for Lehman’s credit default swaps (CDS) is much more important.

Why?

Well, if banks are reassured by the CDS auction, it could do more to free up frozen capital than all of the Fed and Treasury’s ill-conceived plans put together. Continue reading

Panic grips global financial markets

The financial crisis, used to justify the $700 billion Wall Street bailout approved by Congress and signed into law by President Bush on Friday, deepened dramatically Monday, as stock markets around the world registered massive losses in panic selling.

It was the biggest global stock market crash since “Black Monday,” October 19, 1987, when exchanges around the world collapsed and the Dow Jones Industrial Average registered a loss of 22.6 percent, its largest ever single-day decline in percentage terms. Continue reading