Video: MSM – Peter Schiff on Glenn Beck ‘Dollar Collapse’

Peter Schiff on Glenn Beck speaks of America’s ongoing economic collapse. Get out of the dollar while you still can.

Run On The System: Black Friday

Stock markets across the world are in a state of hysteria. The tidal wave of sell-offs, which began when Henry Paulson announced the Bush administration’s $700 billion bailout plan for the sinking banking system, has swelled into a global tsunami racing round the globe. Shares fell sharply across Europe and Asia for the fifth straight day following a 679 drop on the Dow Jones. Nearly $900 billion was wiped off the value of U.S. equities in just one trading day. The Chicago Board Options Exchange Volatility Index, the “fear index”, soared to a record 64. Credit markets remain frozen. Libor, the London interbank offered rate, nudged up slightly on Thursday night, signaling even greater resistance to lending between the banks. Until there is relief in the credit markets, stocks will continue to slide. But trust has vanished. The 50 basis points rate cut that was coordinated with foreign central banks has had no effect. The market is being driven by fear and pessimism.

The Financial Collapse – What Will Happen Next?

Many are surprised at the speed of events occurring with the current global economic collapse. Yet few appear to be aware of what is still to follow as events unfold in the days that lie ahead. For some years I have been writing about this economic collapse, and now will explain the events that will unfold over the coming weeks.

MSM: Markets crash – How panic spread around the globe

Stockmarkets around the world slumped today as fears of a global recession deepened. After Wall Street fell to a five-year low last night, the rout started in Asia, where Singapore slid into recession, and quickly spread to Europe. In London, the FTSE 100 plunged more than 10% in early trading, and the Dow Jones dived nearly 700 points to 7882 shortly after Wall Street opened, a fall of 8%. Both markets later came off their lows, and the FTSE 100 closed almost 9% down and the Dow was seen off almost 2%.

Market May Drop 50% from Top

Market experts say stocks could continue falling until they’ve lost half the value from their peak in last year’s bubble heyday – meaning the bottom might be a Dow Jones industrial average at 7,000.

A new economic report yesterday supported such a steep downward spiral by showing a sudden slowdown could hit by Thanksgiving, based on an unexpected doubling of wholesale stockpiles of everything from petroleum and clothing to electronics and cars.

Berlusconi Says Leaders May Close World’s Markets

Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world’s financial markets while they “rewrite the rules of international finance.”

Video: MSM – Rogers – Global Bankers Have Unleashed Inflationary Holocaust

CNBC hosts unable to grasp basic economic principles

Legendary investor Jim Rogers warned during a CNBC interview this morning that global central banks are creating the environment for an inflationary holocaust by their ceaseless overprinting of currency, a measure that isn’t even successful in stabilizing the stock market.

MSM: Iraq must rid itself of US troops, Iran says

Iran is trying to derail an agreement that would allow US and British troops to stay in Iraq after their mandate expires at the end of this year.

In a move that has raised concern among senior Iraqi and US officials, Tehran is using its influence over its smaller neighbour to scupper a Status of Forces Agreement, which must be reached by January 1.

MSM: Obama violated Logan Act, May have commited Treason

The Logan Act is a United States federal law that forbids unauthorized citizens from negotiating with foreign governments. It was passed in 1799 and last amended in 1994. Violation of the Logan Act is a felony, punishable under federal law with imprisonment of up to three years.

Bailout A Bust – Depression To Follow

RHINEBECK, NY 9 October 2008 — Once again, Washington has proven that anything it touches is doomed to failure. Unable to win wars, repair levees, fix voting machines or rebuild its Twin Towers, the colossal $700 billion bailout package passed last week by Congress proved to be an instant bust.

Martial Law – FEMA sources confirm coming martial law, says Wayne Madsen

Wayne Madsen a Washington based investigative journalist, author, columnist and former U.S. Naval Officer reported on April 3rd, 2008 the existence of a document called the “C & R” document is being passed around among senior members of Congress and their staff.