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If you thought the 2000-2002 crash was painful, think again! It barely made the list of the ten worst markets crashes in U.S. history.
Daily Archives: October 8, 2008
Financial crisis leaves Iran untouched – 08 Oct 2008
Sheriff in Ill. county won’t evict in foreclosures
Residents of foreclosed properties in Chicago and other parts of Cook County don’t have to worry about deputies forcing them out. Sheriff Tom Dart says that starting Thursday his office won’t take part in evictions.
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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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Video: Bush Declares Military Rule and Overthrows U.S.
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
Video: Russia’s RTS, Micex Stock Markets Closed Down
Russia’s RTS and Micex opened sharply lower, before being halted, on Wednesday, in the face of a withering global share sell off which is wiping billions from the value of markets worldwide.
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 |
Video Flashback: The Amero
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 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.
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?
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