Tag Archives: Exchange
‘Greece being forced to buy arms’
(PressTV) – A leading European parliamentarian has accused France and Germany of forcing Greece to buy billions of euros in arms in exchange for their bailout money.
France and Germany, while publicly urging Greece to make harsh public spending cuts, bullied its government to confirm billions of euros in arms deals, Franco-German lawmaker Daniel Cohn-Bendit alleged on Friday. Continue reading
Video: Goldman Sachs fraud, how they cheated investors with exploding bonds
(MSNBC) – The Dylan Ratigan Show – April 16, 2010 Continue reading
Video: James Delingpole on Alex Jones Tv – After Climategate, Pachaurigate and Glaciergate!
Alex welcomes back to the show British journalist and novelist James Delingpole. Mr. Delingpole is the author of How to be Right: The Essential Guide to Making Lefty Liberals History, and Welcome to Obamaland: I Have Seen Your Future and It Doesn’t Work. He writes for The Times, Daily Telegraph, and as a TV critic for The Spectator. Delingpole regularly posts blogs on The Daily Telegraph website and his personal website. He is a vocal critic of climate change. Continue reading
MSM: Russia diversifies into Canadian dollars
(FinancialTimes) – Russia’s central bank announced on Wednesday that it had started buying Canadian dollars and securities in a bid to diversify its foreign exchange reserves. Continue reading
Last decade was the worst ever in the stock market
“Since the end of 1999, the Standard & Poors 500-stock index has lost an average of 3.3% a year on an inflation-adjusted basis, compared with a 1.8% average annual gain during the 1930s when deflation afflicted the economy”
In nearly 200 years of recorded stock-market history, no calendar decade has seen such a dismal performance as the 2000s. Continue reading
MSM: Greece sees few glimmers of hope
(FinancialTimes) – With Greece’s budget deficit at record levels and the country’s banks exposed to troubles both at home and abroad, doomsayers are predicting that Greek banks will go the way of Iceland’s. Continue reading
MSM: Beijing official urges gold, crude-oil purchases
(MarketWatch) – China should use the shockwaves created by the Dubai crisis as an opportunity to buy gold and oil, a senior Chinese official who helps oversee some of the nation’s biggest enterprises was quoted as saying Monday. Continue reading
MSM: Saudis drop WTI oil contract
(FinancialTimes) – Saudi Arabia yesterday decided to drop the widely used West Texas Intermediate oil contract as the benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange. Continue reading
Iran to completely drop dollar from foreign exchange
(PressTV) – Iran’s Trade Promotion Organization has announced a near future plan to completely exclude the US dollar from the country’s foreign revenues and reserves. Continue reading
MSM: Dollar Reaches Breaking Point as Banks Shift Reserves
(Bloomberg) – Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades. Continue reading
A Media Failure Compounds The Financial Failure:
The Press Is Still Missing The Story Of Fraud and Economic Decline Ahead Continue reading
Video: DHS Doles Out Fed Cash to Deploy Military LRADs in U.S. Cities
The LRAD devices used against protesters and the residents of Pittsburgh last month were a beta test for things to come. As reported by the Washington Times on October 1, the Department of Homeland Security is doling out federal money to get police departments around the country stocked up on the LRAD weapons. Continue reading
Iran Replaces The US Dollar With The Euro… And So It Begins
Iran’s President Mahmoud Ahmadinejad has ordered the replacement of the US dollar by the euro in the country’s foreign exchange accounts. Continue reading
New world currency order starts to unfold
The US dollar still retains a disproportionately large representation in international trade transactions, official reserves and exchange rate regimes. Continue reading
MSM: UN Says New Currency Is Needed to Fix Broken ‘Confidence Game’
(Bloomberg) – The dollar’s role in international trade should be reduced by establishing a new currency to protect emerging markets from the “confidence game” of financial speculation, the United Nations said. Continue reading
Have Physicists Cracked the Stock Market?
(WashingtonsBlog) – New Scientist is reporting that physicists have largely figured out how to predict the end of bull markets: Continue reading
MSM: Common Sense 2009
(HuffPost) – The American government – which we once called our government – has been taken over by Wall Street, the mega-corporations and the super-rich. They are the ones who decide our fate. It is this group of powerful elites, the people President Franklin D. Roosevelt called “economic royalists,” who choose our elected officials – indeed, our very form of government. Continue reading
The Expiring Economy – Paul Craig Roberts
Tent cities springing up all over America are filling with the homeless unemployed from the worst economy since the 1930s. While Americans live in tents, the Obama government has embarked on a $1 billion crash program to build a mega-embassy in Islamabad, Pakistan, to rival the one the Bush government build in Baghdad, Iraq. Continue reading
The Second Wave Of The Depression – Hyperinflation Likely
(WebsterTarpley) – The second wave of the world economic depression is coming soon. Larry Summers, the economics czar of the Wall Street puppet regime currently in power in Washington, recently confessed to the Financial Times in an unguarded moment: “I don’t think the worst is over ….” A few weeks earlier, Jacques Attali, who served in the 1980s as the main economics adviser to French President Mitterrand, told an audience at the International Economic and Financial Forum (FIEF) in Paris that the world might well soon face a “planetary Weimar” in the form of a hyperinflationary depression similar to the German events of 1922 to 1923. Continue reading
Video: Trader on Bloomberg says markets are manipulated and volumes ‘ficticious’
(6-30-09) – Joe Saluzzi talks on Bloomberg and explains how machine trading is distorting the financial markets. Continue reading
MSM: Federal agency Web sites knocked out by massive, resilient cyber attack
(AP) – A widespread and unusually resilient computer attack that began July 4 knocked out the Web sites of several government agencies, including some that are responsible for fighting cyber crime, The Associated Press has learned. Continue reading
Banks run Congress, top Democrat says
(Raw Story) – It doesn’t take a rocket scientist to deduce that the banking and financial services industry has an outsized influence in Congress. Continue reading
MSM: China Increases Gold Reserves 76% to Fifth-Largest
(Bloomberg) – China boosted its gold reserves by 76 percent since 2003 and has the world’s fifth-biggest holding by country, said Hu Xiaolian, head of the State Administration of Foreign Exchange. Continue reading
China Voices Support For New Global Currency To Replace Dollar
China has expressed support for Russia’s proposal to hand the IMF the power to create a new supra-national global currency in response to the call for an alternative to the U.S. dollar as the world reserve currency.
China’s spending spree likely to include Canadian companies
Asia’s dealmakers say a Chinese resource spending spree will accelerate throughout the next 12 months, with Canadian mining and energy companies likely on the shopping list. Continue reading
MSM: Iran threatened with economic meltdown
The sharp downward spiral of oil prices has prompted economists to predict that Tehran is facing severe financial hardship within the space of a few months. Continue reading
MSM: Dow Drops 500 Points In Turbulent Trading
(CBS/AP) Wall Street has had yet another dismal day Tuesday, extending its heavy losses as investors’ worries about the financial sector wiped out early enthusiasm over the Federal Reserve’s efforts to inject confidence into the credit markets. Trading remained fractious and grew more turbulent in the last hour, with the Dow Jones industrial average losing more than 500 points and all the major indexes falling more than 5 percent.
Continue reading