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Current news below
THIS IS BASED ON 50 YEARS CYCLES AND WAS SHOWN TO ME LAWRENCE HARMEN = ABBA'S WATCH MAN IN YEAR 2000!
This was copy righted in 1992 and was written by Ehor Mazurok ... Look familiar !!! Get ready for the tribulation period or the mother of all depressions ! This graph can't take into account the soon to come nuclear attack which involves the whole world ! We are about to see a U.S. Economic disaster .
2 Timothy 1:7 For God hath not given us the spirit of fear; but of power, and of love, and of a sound mind. You had better start buying food and storing it fast
Rising desperation as China's exports drop - Jan 4 At the docks here, the stacks of shipping containers that used to loom above the highway overpass are gone. Logistics managers say they negotiate deeper discounts every week on ships that are leaving half empty. In nearby Guangdong Province, so many factories are closing without paying employees that some workers are resigning pre-emptively and demanding immediate pay before their employers go bankrupt.
Was the "Credit Crunch" a Myth Used to Sell a Trillion-Dollar Scam? - Jan 1 2009 Yes it was = they heap treasure in the last days and we will plunder those who plunder us. God told us we get plundered first.
Stock markets around world suffer worst year on record - Dec 31 Worst is yet to come ... by freemason design.
73,000 retailers to to close in first 1/2 of 2009 - Dec 30 For those of you who don't know, consumer spending makes up roughly 70 pct of the US economy, yet many consumers have been pulling back due to job insecurities, declining credit lines, falling wealth effect (caused by falling home values/cratering retirement plans) and overall general unease about the future. The end result of this pull back: Significantly declining retail sales - leading to numerous store bankruptcies and closings.
Report: Military may have to quell domestic violence from economic collapse - Dec 30
Holiday Sales Drop to Force Bankruptcies, Closings - Dec 29 U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years.
25% of Retailers May Go Bankrupt - Dec 28
Holiday sales worst in 40 years - Retailers risk bankruptcies - Dec 25
Analyst:
One Third Of Banks
Could Collapse In 2009
- Dec 25 Satan wants a one world currency
U.S. Economy: Home Prices Fall Near Depression Pace - Dec 24
U.S. Home Resales
Fall; Prices
Drop by Record 13.2%
- Dec 23
Consumer Demand For Nearly Everything Plunges - Dec 23 Retail stores and exporters alike are in deep trouble as consumer demand for nearly everything is plunging.
U.S. Economy Sinking in an Ocean of Newly Created Money - Dec 23 At one time or another we have all heard it said that "you cannot get there from here". Much the same can be said of the current state of the US economy. Every prominent economic pundit is focusing on falling demand as the economy's nemesis. Nouriel Roubini points out that "85 percent of aggregate demand consumption and fixed investment is now in free fall". It's even worse than that because final demand as it is calculated does not include inter-business spending (spending between the stages of production).
Congressman: "If We’re Not Very Lucky Or If We Don’t Do Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression" - Dec 23 The economy is on the brink of an absolute catastrophe. I’ve been saying for six or seven months now that we’re in 1931. In 1931, a recession that started with the Crash of 1929 tipped into a fifteen-year depression. We are on the precipice of that. If we are very lucky and if we do everything very right from now, we will probably have a two- or three-year very bad recession. If we’re not very lucky or if we don’t do everything right, we could easily have a ten- or fifteen-year depression, a repeat of the 1930s.
Bank of Spain chief: World faces "total" financial meltdown - Dec 22
New Report: Worldwide Bankruptcy Wave About to Hit - Dec 21 Europe and the U.S. are about to experience a significant increase in business failures.
Hedge funds gain access to $200 bn Fed aid - Dec 21 Hedge funds gain access to $200bn OF YOUR MONEY!
U.S. debt approaches insolvency - Dec 21 In the United States, the danger of debt insolvency is growing, putting at risk the currency reserves of foreign countries, China chief among them. According to new figures published by Bloomberg in recent days (Nov. 25, 2008 [1]), the American government has employed a total of 8.549 trillion dollars to stop the financial crisis. This means a total of about 24-25.4 trillion dollars of direct or indirect public debt weighing on American taxpayers.
U.S. ECONOMY IN DANGER OF ABSOLUTELY TANKING SAYS PRESIDENT ELECT JOE BIDEN - DEC 20
S&P downgrades 11 of world’s top bank s - Dec 20
Doomsday: U.S. report warns of 'strategic shock' leading to massive unrest' - Dec 19 The report by the U.S.
Army
Celente Predicts Revolution, Food Riots, Tax Rebellions By 2012 - Dec 19
Hedge fund blow-ups hit record levels as firms pushed to the brink - Dec 19
Crude plunges as economy struggles, spending falls - Dec 18
IMF Chief Warns Of Riots In Response To Economic Crisis - Dec 17 The head of the International Monetary Fund has warned that advanced nations will be hit by violent civil unrest if the elite continue to restructure the economy around their own interests while looting the taxpayer.
World economic gloom deepens - Dec 18
Bailout payout tops $8 trillion - Dec 17
Investors Selling the US dollar before COLLAPSE - Dec 17
OPEC Set to Make Largest-Ever Oil Production Cut - Dec 17
Fed stuns the world with rate cut to 'virtually zero' - Dec 17
Top banks admit huge losses in Wall Street 'pyramid' fraud - Dec 15
Fourth-Quarter GDP: Worse and Worse - Dec 14 It seems each new piece of data lately prompts another round of downward revisions to economists’ estimates of fourth-quarter gross domestic product. The latest? Take this morning’s report on international trade, which showed the U.S. trade deficit unexpectedly widening to $57.2 billion in November from $56.6 billion the previous month mostly because exports of goods and services were even weaker than expected, while imports showed a more moderate drop (skewed partly by lower petroleum prices). AIG Is Said to Pay $18.7 Billion to Goldman, SocGen for Swaps - Dec 14
The Next Shoe to Drop: Pension Payments - Dec 11 Dozens of millions of newly retired “baby-boomers” are beginning to call upon payback from these [pension] funds. According to our team, it is likely that, by the end of 2008, this crisis will be the dominant aspect of the current global financial crisis. It will also provoke a social crisis affecting pensioners, in particular in the US (45 percent of pension funds’ total assets in the world), in Japan (18 percent) and in various European countries depending heavily on capital-based pension systems
Report: Recession has 43 states facing financial trouble - Dec 11
Federal deficit on pace to reach record $1 trillion - Dec 11
House Passes Auto Bailout Vote, Despite GOP Roadblocks - Dec 11
Report: Bailed-out firms bankrolled conventions - AIG, Ford, Citigroup, Freddie Mac gave millions to Democrats, GOP before asking for gov't aid - Dec 11
KB Toys declares bankruptcy; Faces Liquidation - Dec 11 The nations number 2 toy retailer, KB stores has declared bankruptcy and will close down it’s 277 stores citing a “sudden” drop in sales. The companies 11,000 employees will be left looking for work. KB was able to make it through the first great depression but couldn’t manage to survive the current collapse.
8 really, really scary predictions - Dec 10 Dow 4,000. Food shortages. A bubble in Treasury notes. Fortune spoke to eight of the market's sharpest thinkers and what they had to say about the future is frightening.
Global demand for oil to plummet - Dec 10 Global oil demand will collapse next year and commodities will not return to the highs they reached this summer in the foreseeable future, two authoritative reports said on Tuesday as they forecast a long and painful worldwide recession. The stark conclusions came as the World Bank’s chief economist predicted that the world faced “the worst recession since the Great Depression”. The US energy department said global oil demand will fall this year and next, marking the first two consecutive years’ decline in 30 years.
US clothing slump hits shipments - Dec 10 The slump in US clothing
sales since the summer has led to a precipitous drop in the number of
overseas factories shipping to the US, import documents show.
US supplies $3.84 billion to 35 banks from bailout pot - Dec 10 What happened to the 700 million limit ? AIG owes $10 billion for soured trades: report - Dec 10
California running out of money - Dec 10 California lawmakers just got a Henry Paulson-like ultimatum from state officials: If they don't act, the state could be forced to suspend road, bridge, and other public-works projects as early as next week. Come March, California will be out of cash for even day-to-day operations.
Rio Tinto to cut 14,000 jobs to cope with slump - Dec 10 Rio Tinto Group, one of the world's largest miners, will cut 14,000 jobs worldwide and reduce capital investment as part of new measures to reduce its debt amid waning demand for iron ore and other metals, the company said Wednesday.
Grim Snapshot – The U.S. Economy in Rapidly Accelerating Freefall - Dec 10
The Purpose Behind The Financial Crisis - Dec 9 The purpose of the current financial catastrophe was to infect the entire world financial system with toxic waste and other unregulated derivatives, also known as financial weapons of mass destruction, to bring it crashing down so that a single world financial system with a single medium of exchange could be set forth as the suggested solution and then crammed down our throats in yet another nauseating and tiresome iteration of the Hegelian Dialectic.
Coming soon to U.S., 1 million jobs lost every month: Report - Dec 8 London-based GFC Economics is making a frightening prediction: By spring 2009, the United States could be facing more than 1 million layoffs every successive month. From The “Panic” Of 2008 To The “Collapse” Of 2009 -DEC 7
U.S. Economy: Employers Eliminate 533,000 Jobs, Most Since 1974 - Dec 5
China Urges U.S. to Counter Crisis, Prepares for ‘Worst Case' - Dec 4 Chinese officials urged the U.S. to do everything possible to restore calm to financial markets and said they are preparing for a “worst-case scenario” as the global crisis deepens.
GM, Chrysler May Accept Bankruptcy to Receive Bailout - Dec 4 General Motors Corp. and Chrysler LLC executives are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multibillion-dollar government bailout, said a person familiar with their internal discussions.
Paulson shoots another arrow into the heart of the Economy - Dec 4 The announcement today of a deal reached between the U.S. Treasury and the moribund insurance giant, A.I.G. provides a very lucid insight in to the nefarious and destructive world of the Troubled Asset Relief Program, otherwise known as T.A.R.P..Not only have A.I.G. received $152 billion to date and subsequently reported a third quarter loss of $25 billion, now they are to be cleared of their obligation on $53 billion worth of toxic credit default swaps. U.S. taxpayers are now on the hook for $205 billion..
AT&T, DuPont, United will cut thousands of jobs - Dec 4
Bank of England mulls "nuclear option" of cash injection - Dec 4
Prepare For Depression Level Unemployment - Dec 3 Deflation has already set in and it's now realistic to start talking about another "D" word, this one being depression. Before we can use a word, we must define it. For the sake of argument, let's define depression as unemployment of 10% or greater.
Slump hits world industry - Dec 1
Credit card industry may cut $2 trillion of lines - Dec 1
Ron Paul Warns Of
Secret Plans To Create International Central Bank - Nov 28
SATAN AND HIS ANTICHRIST SON WANT A ONE WORLD GOVERNMENT , ONE WORLD RELIGION, AND A ONE WORLD CURRENCY THE FIRST OF THEIR THREE PART PLAN IS UNFOLDING
U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit - Nov 28 The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. Shipping continues it's downward plunge - Nov 28 "Capesize Vessels" weigh from 175,000 tons to 400,000 tons and count as some of the largest craft in the World. They typically carry raw materials such as Iron ore, Steel, Coal and other raw commodities. Where you used to pay up to $230,000 per day to rent one, now you can have one for a measly $2800 per day. Lloyds even reported yesterday that one Capesize vessel was going for $1000 per day.
Meltdown far from over, new mortgage crisis looms - Nov 28
China says impact of global crisis deepening - Nov 28
Unstoppable Signs of Economic Meltdown - Nov 26
Bankruptcy update, Britain plus
California - Nov 26 Fed unveils $800 billion plan to em... ah... whatever. - Nov 26 "Fed unveils $800 billion plan to
bolster lending, housing"
Problem bank list keeps growing - Nov 26 The Federal Deposit Insurance Corp. reported Tuesday that the number of firms on its so-called problem bank list grew to 117 during the second quarter - its highest level since the middle of 2003. There were 90 banks on the problem list in the first quarter.
Cost Of Bailout Hits $8.5 Trillion - Non 26 The total cost of funds committed to the bailout in its various guises has now hit $8.5 trillion dollars, up from $7.7 trillion in just two days after the federal government committed an additional $800 billion to two new loan programs on Tuesday. The total amount of funds now committed equals a figure that represents 60 per cent of the U.S. gross domestic product.
AIG receives $40 billion from government program - Nov 26 American International Group Inc. said Wednesday it received $40 billion from the Treasury Department as part of the government's latest plan to help the embattled insurer stay in business. Iceland Riots Precursor To U.S. Civil Unrest? - Nov 25 Riots and protests in Reykjavik calling for the government of Iceland to resign have increased following a financial catastrophe that has wiped out half of the krona’s value and put one third of the population at risk of losing their homes and life savings. Could similar scenes of civil unrest be repeated in the United States as the economy continues to implode?
Colossal Financial Collapse: The Truth behind the Citigroup Bank “Nationalization" - Nov 24
Federal Reserve Pledges Top $7.4 Trillion to Ease Frozen Credit - Nov 24
The Government Should Have Cancelled Credit Default - Nov 24 Today, the U.S. government is giving Citigroup another $20 billion dollars (in addition to the $25 billion already given), and guaranteeing $306 Billion in toxic assets.
Worst of financial crisis yet to come: IMF chief economist - Nov 23
GET READY / WE ARE IN A MAJOR DEPRESSION WITH NO PLAN B - NOV 23
Citigroup launches ‘Don’t panic’ ad blitz as shares dive - Nov 23 Citigroup, the embattled financial giant, is taking out advertisements in major US newspapers today in an attempt to shore up customer confidence after a downward spiral in its share price raised doubts about its future.
S&P 500 Crashes Through Bear Market Low! Housing Heads South! - Nov 21 Yesterday was a historic day for the market. The Standard & Poor’s 500 Index plunged by 6.7% to 752.44. The bear market low of October 2002 was 768.63 — and we sliced through it like a hot knife through butter.
What Uncle Sam Has to Tell His Creditors - Nov 21 According to all accounts the US faces its worse economic crisis since the Great Depression with $2 trillion in near-term financing needs for bailouts and economic stimulus. This is an enormous sum for any country, especially for one that is so heavily indebted that it is close to bankruptcy. If the money can’t be borrowed abroad, it will have to be printed–a policy that carries the implication of hyper-inflation. In normal life a borrower who must appeal to creditors makes every effort to bring order to his financial affairs. But not the Bush regime.
Financial crisis: the deleveraging monster will get hungrier and hungrier - Sept 21 Deleveraging, deflation and depression are feeding one another in a potentially vicious manner. With banks facing strain again, governments must rapidly complete existing recapitalisation plans and probably take further steps to prevent excessive belt-tightening.
GM May Have Weeks, Not Months, Without Aid, York Says - Nov 21
Collapsing the Economy in the Buildup to World War III: 11 of the Most Important Economic Events of the Last 11 Years - Nov 21 Since 1999, the following events have either caused or been the symptom of the present economic crises:
Asian Markets Recover, European Shares Up Slightly - NY Times - Nov 21
Single currency 'will make Gulf more stronger' - Nov 20 The Anti- Christ wants this to happen = we are in the very end days just before a Global nuclear war
Bloodbath at Tel Aviv Stock Exchange as TA-25 plummets 11% - Haaretz - Nov 20
Stocks in U.S. Tumble, Dow off 444, S&P 500 to 11-Year Low on Economic Concerns - Nov 20
Stocks Fall Over 400 Points - Selling Rampage Sends S&P Back to 1997 - Fox - Nov 20
Markets today: Japan stocks dive 6.9% after big U.S. sell-off - USA Today - Nov 20
Financials need at least $1 trillion: analyst - Reuters - Nov 20
NorCal median home price plummets 41 percent - Nov 20 Despite an increasingly uncertain economy, thousands of homebuyers around San Francisco Bay kept snatching up foreclosed homes last month, dragging down the median home price by 41 percent from a year ago, a real estate tracking firm said Thursday.
U.S. bank shares plummet - Nov 20 Shares of U.S. banks fell on Thursday. Highlights: * Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) shares fall as much as 25.5 percent to $4.77 * Bank of America Corp (BAC.N: Quote, Profile, Research, Stock Buzz) shares fall as much as 10.6 percent to $11.68 * JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz) shares fall as much as 18.5 percent to $23.21 * S&P financials index .GSPF falls as much as 8.5 percent * Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) shares fall as much as 11.1 percent to $49.00
General Electric: Genuine Risk of Collapse? - Nov 19
World freight prices collapse amid financial crisis- Nov 19
BASF suspends work at 80 plants - Nov 19
The Great Depression of the 21st Century: Collapse of the Real Economy - Nov 17 The financial crisis is deepening, with the risk of seriously disrupting the system of international payments. This crisis is far more serious than the Great Depression. All major sectors of the global economy are affected. Recent reports suggest that the system of Letters of Credit as well as international shipping, which constitute the lifeline of the international trading system, are potentially in jeopardy. The proposed bank "bailout" under the so-called Troubled Asset Relief Program (TARP) is not a "solution" to the crisis but the "cause" of further collapse.
The great bond market crash of 2009 - Nov 17 Investors have spent the last few weeks bemoaning the devastation to their portfolios caused by the stock market downturn, which if it does not produce recovery by year-end will have made 2008 the worst stock market year since 1937. Their misery would be compounded if they knew that next year, while it may avoid more than moderate stock market mayhem, is likely to produce the worst bond market carnage in US history.
Housing market 'far worse' than figures suggest - Nov 16 House prices across the UK have already fallen far further than official data and market indicators suggest, Rightmove, the online estate agent warned yesterday, as it revealed that up to 300 estate agents were quitting its service every month.
Americans teetering on $14 trillion debt pile - Nov 14 Free-spending U.S. consumers who bought everything from homes to groceries on borrowed money are running out of credit, and paying the bills will cost the world's biggest economy and its trading partners dearly.
October budget deficit hits record of $237.2B - Nov 14 The federal government began the new budget year with a record deficit of $237.2 billion, reflecting the billions of dollars the government has started to pay out to rescue the financial system.
Chicago Mayor Daley: Prepare For Mass Layoffs - Nov 14 The warning is out – Mayor Richard M. Daley says a parade of corporate chief executives have told him huge layoffs are planned around the city and will carry into next year.
U.S. Retail Sales Drop in October by Most on Record - Nov 14
Baron David de Rothschild: Economic Crisis Will Bring New World Order, Global Governance - Nov 12
Secret Plan For IMF World Dictatorship - Nov 12
$700 billion and counting: What the "bailout" is really costing taxpayers - Nov 12 How much so far? Try $2.5 trillion. This comes out as Bloomberg L.P. has filed a lawsuit to force the Federal Reserve to provide more information about which companies are receiving money and what assets have been pledged to get the money. Although the bailout was initially approved amid claims that there would be total transparency, the reality has fallen far short of that.
Three Days of Red: Dow Plummets 411 - Fox - Nov 12
U.S. Housing Market Boom and Crash Engineered by the Government - Nov 12
They Did It On Purpose: The Housing Bubble and Its Crash Were Engineered from the Highest Levels of the U.S. Government, the Federal Reserve, and the Financial Industry
China announces $586 billion economic stimulus - USA Today - Nov 9
U.S. Carmakers Said to Seek $50 Billion in Federal Loans - Nov 7
Ford announces $129M 3Q loss, burns $7.7B in cash - Nov 7 Ford Motor Co. said Friday it lost $129 million in the third quarter as the struggling automaker burned through $7.7 billion in cash and set plans for more job cuts. Ford said it will eliminate about 2,260 more white-collar employees in North America as it battles continued weak demand, the credit crisis and the worst economic downturn in decades.
GM reports $2.5B 3Q loss, says running out of cash - Nov 7 General Motors Corp. says it lost $2.5 billion in the third quarter and warned that it could run out of cash in 2009. GM also said it has suspended talks to acquire Chrysler. While it didn't specifically name the automaker, GM said it was setting aside considerations for a "strategic acquisition." The automaker also said its cash burn for the quarter accelerated to $6.9 billion due to a severe U.S. auto sales slump.
US stocks tumble,
lose 10 percent in 2-day
rout, Major indexes have lost about 10 percent since Barack Obama was elected president - a vote preceded by a steep rally -- and the losses represent the Dow's worst two-day percentage decline since the October 1987 crash.
Selling Spree: Dow - fox - Nov 6
Over 1 Trillion Dollars Worth of Credit Default Swaps Against Governments - Nov 6 There are $33 trillion in CDS still outstanding, even after the Lehman CDS were settled.
GM Executive: Next 100 Days Critical For GM, US Auto Industry - Nov 6 A top General Motors Corp. (GM) executive on Wednesday said the next 100 days could represent the most crucial time in the history of the troubled company and entire U.S. auto industry. Troy Clarke, president of GM North America, urged auto industry executives to make the case to Washington leaders that the failure of auto companies would have devastating effects on the economy.
Retailers report steep sales declines in October - Nov 6
World Shipping slowly grinding to a halt - Nov 3 The situation now is that for those
shipping companies that can actually get letters of credit are now
slowing down their ships to reduce fuel consumption, slashing crew
numbers and leaving some of their tonnage in dock with the lights out. Worse than the Great Depression - Nov 3 ...the macroeconomic fundamentals today are much worse, so that we are in for a protracted period of economic depression – a depression much worse than the Great Depression, a depression that would likely be remembered in history as “The Second Great Depression” or The Greater Depression, as Doug Casey has called it so aptly.
Effectiveness of AIG's $143 Billion Rescue Questioned - Nov 3
GM sales plunge 45%; Ford down 30%; Toyota off 23% - USA Today - Nov 3
Medvedev : U.S. to Blame for Global Financial Crisis - Fox - Nov 3
Crude Oil Is Poised for Record Monthly Drop as Demand Declines - Bloomberg - Nov 2 Demand dropping ??? what are they talking about demand dropping ...= total manipulation
China And Russia Hint At Dropping US Dollar - Nov 1
Global financial crisis may hit hardest outside U.S. - USA Today - Oct 30
Goldman Sachs ready to hand out £7bn salary and bonus package... after its £6bn bail-out - Oct 30
Europe's looming crisis - Oct 30 It all started with sub-prime loans in the United States. Or did it? As the IMF is called in to bail out failing economies, the scale of European exposure to toxic debt is becoming clear.
Stock Market heads for the Twilight Zone again - Oct 30 Investors, as a direct result of lower interest rates which reduce the cost of borrowing money, are now quite happy to balance the scales of Risk and investment cost. "Safe havens" are now seen as too safe and not able to generate the giant profits that they are running after. But in their quest for profit, they are about to restart the game which blew up in their faces quite recently.
Exxon Mobil posts biggest US quarterly profit ever - Oct 30 Exxon Mobil Corp., the world's largest publicly traded oil company, reported income Thursday that shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter.
Financial Cycle and the Coming Collapse - Oct 28
Consumer Confidence Plunges Amid Financial Turmoil - Oct 28 The Conference Board Consumer Confidence Index plunged to 38 in October from 61.4 in September, falling far below economists' expectations of 55.
700 families lose their homes every single day in Southern California.
U.S. pulls the plug on the world - Oct 28 The U.S. administration has prompted a huge surge in the U.S. dollar, which may help refinance its financial sector. The cost is a currency whirlwind that threatens the collapse not just of banks and companies but entire countries. In the past week the financial crisis, which began in banking and spread to stocks, has careered into the currency markets. The U.S. actively decided back in September 2008 to shut down the investment banks that lend to the biggest professional investors. This has caused those investors to sell anything and everything and to settle their trades.
Global stocks suffer again - Oct 27
ANOTHER Black Monday: FTSE plunges 5% after Asian stocks post record falls - Oct 27
Europe on the brink of currency crisis meltdown - Oct 27
World Markets Slide Further; Japan's Nikkei Hits 26-Year Low - Fox - Oct 27
Tel Aviv stocks sink; dollar drops - Jerusalem Post - Oct 27
Oil Falls to 17-Month Low Below $62 on Demand Fear - Fox - Oct 27
Financial crisis moves to Gulf Arab nations - Oct 27
‘Panic’ in U.S. Futures Rattles Investors Worldwide - Oct 27
Banks pull squeeze play on credit cards - Oct 27
Senator Predicts “Revolution” If Banks Don’t Lend - Oct 27 “If it turns out that they are hoarding, you’ll have a revolution on your hands. People will be so livid and furious that their tax money is going to line their pockets instead of doing the right thing. There will be hell to pay,” Dodd told the New York Times this weekend.
Farm-Credit Squeeze May Cut Crops, Spur Food Crisis - Oct 27
Asia and Europe call for joint action on markets - Oct 26 (Remember they want to first three part the world African Union, European Union, and the North American Union it's coming together through this created financial ,oil, and housing crisis.)
Many Aussies Unable To Withdraw Cash - Oct 26
Does the Fed actually want foreclosures to keep on growing ? - Oct 26 "Nationwide, 261,255 homeowners received at least one foreclosure-related filing in May, up 48 percent from the same month last year, and up 7 percent from April" Realtytrac.com. The figures above reflect a truly miserable situation in the everyday life of Americans. Before the property is actually foreclosed upon, the utilities would probably been off for 3 months or so. No light, no heat no water.This is the reality that the Fed is ignoring as it hands out money hands over fist to the very organisations that caused this untenable situation.
World leaders pledge financial reform as gloom deepens - Oct 25
Asia, Europe reach consensus on financial crisis - Oct 25
Recession alarm rings around the world - Oct 24
Warren Buffett, Government Propagandist - Oct 23 Do not follow Warren Buffett's advice and by stocks or you will be giving your money to the bad guys who will short your money into their pockets. Warren Buffett is clearly a Mason.
81,312 US homes lost to foreclosure in September - Oct 23
The fed could stop lending any day ...then what .... Global Economic Disaster to say the least.... better buy and store food ... be the wise.
Banks in record Fed borrowing - Oct 23 Ongoing credit crunch sends commercial banks to Federal Reserve for $105 billion in daily borrowings.
DOW - IS THE PPT PLAYING GAMES TO KEEP THE HEDGE FUNDS FROM COLLAPSING ? - OCT 23 Insiders were warning that some ten hedge funds were ready to collapse, with the resulting liquidations likely to force the markets down even further. But today's rally pulls those hedge funds back from the brink, and nobody can really explain why it happened.
Asian markets plunge after Wall Street slide - Oct 23
Greenspan: 'Credit tsunami' to have severe impact - Oct 23
House prices 'to plummet by 35%' - the biggest ever fall in Britain - Oct 23
U.S. foreclosure filings up 71% in the third quarter - USA Today -Oct 23
Stocks
plunge
in late trading
Fed to Provide Up to $540 Billion to Aid Money Funds - Oct 21 The Federal Reserve will provide up to $540 billion in loans to help relieve pressure on money- market mutual funds beset by redemptions.
The federal reserve caused the 700 billion dollar bailout and economic crash - Oct 21 <- Video
The federal reserve caused the 700 billion dollar bailout. Share this video with everyone you know. The Rothschilds and the Bank of England, and the London banking houses which ultimately control the Federal Reserve Banks through their stockholdings of bank stock and their subsidiary firms in New York. The two principal Rothschild representatives in New York, J. P. Morgan Co., and Kuhn,Loeb & Co. were the firms which set up the Jekyll Island Conference The Federal Reserve was created with no constitutional authority in 1913, the Fed prints money out of thin air and loans it to the U.S.
Banks braced for Lehman Brother's debt insurers' deadline - Oct 21 Financiers enjoying a respite from the panic of the past few weeks should brace themselves for further mayhem tomorrow, the deadline for insurers of Lehman Brothers' debt to pay up on billions of dollars of policies.
A financial new world order? - Oct 21 WASHINGTON - When
President Bush hosts a world financial summit in the coming weeks, one
of the least multilateral American presidents in decades will set in
motion what could result in a full reordering of the global financial
system.
Another financial storm is brewing in eastern Europe - Oct 19 Warning lights are flashing in eastern and central Europe, where Hungary and Ukraine are seeking bail-outs from the International Monetary Fund to avoid the turmoil that threatens to bankrupt Iceland.
Markets hold breath as $360bn Lehman swaps unwind- Oct 19
Coming Soon: The 600 Trillion Derivatives Emergency Meeting - Oct 17 Current emergency meetings on banks and markets are still only in the stage where politicians and central bankers are bickering over how to create a few more hundred billions Euros and FRNs. But toxic MBS pale in comparison to the mushrooming growth of the derivatives market. According to figures released in the quarterly review of the BIS (pp A103) in September the total notional amount of outstanding derivatives in all categories rose 15% to a mindboggling $596 TRILLION as of December 2007.
Banks borrow record $437.5 billion per day from Fed - Oct 17 NEW YORK (Reuters) - Financial institutions ran to their lender of last resort for record amounts of cash in the latest week, under extreme pressure from the worst global financial crisis in a generation, Federal Reserve data showed on Thursday. Banks and dealers' overall direct borrowings from the Fed averaged a record $437.53 billion per day in the week ended October 15, topping the previous week's $420.16 billion per day.
Some analysts are concerned that banks' dependence on Fed lending might become long term and difficult to change. Ask your self how much money does the Federal reserve have to keep lending at this rate and if they said no ... instant implosion on a global scale. Create the crisis then offer the One World currency solution.
Borrow record amount from Fed - Oct 17 The Fed's report, released Thursday, shows commercial banks averaged a record $99.7 billion in daily borrowing over the past week. The old record — a daily average of $75 billion — was from the prior week. On Wednesday alone, $101.9 billion was drawn, an all-time high. That's an increase of over 20 billion a day !!!
Tel Aviv stocks fall following
Run on Russian bank heightens fears - Oct 16
Direct U.S. stake in banks fails to lift market confidence - Oct 16 Pump an dump with the tax payers money... told you the biggest theft in history Surprise! The Global Bailouts Fail - Oct 16
Brazil stocks plummet, trading halted -Oct 16 Asian shares dive as slowdown fears grip world markets - Oct 16 Fears of global recession send markets crashing again - Oct 16 World summit to write new finance rules within months - Oct 16 EU and U.S. to meet on financial crisis - Oct 16
Birmingham on the brink (of bankruptcy) - Oct 16 With $3.2 billion in debt, the county that is home to Alabama's largest city is about to go bust. How the credit crisis went South.
Hedge Funds Citadel and Highland Crushed - Oct 16 Citadel confirmed to
CNBC that its flagship Kensington and Wellington funds, which hold
around $15 billion in assets, are down between 26 percent and 30 percent
so far this year. But Chicago-based Citadel denied rumors that it's
having difficulty meeting margin calls and is facing mass redemptions.
The firm also denied that it's unwinding any positions.
All Ordinaries drops below 4,000 mark - Oct 16 The Australian share market has dropped below 4,000 as it continues to be buffeted following
big overnight falls on Wall Street. Tel Aviv market dives 4% on opening Thursday - Oct 16
Financial Crisis is the Birth Pains of a New Currency - Oct 16 You will hear the term “credit default swaps” by the hour as this mess deepens and worsens. What are credit default swaps?
Hedge Funds' Derivatives Exposure and Margin Calls Driving Stock Market Crash - Oct 16 Leading economist Nouriel Roubini explains in bullet-point form how hedge funds are driving the stock market collapse. Take careful note of how credit default swaps are a key factor in the stock market sell-off, and how another type of derivative - "collateralized fund obligations" - may be the next shoe to drop
Total Bailout Cost Heads Towards 5 TRILLION $ - Oct 16 The total potential cost of the financial bailout to the U.S. taxpayer is already rapidly approaching $5 trillion, over seven times as much as the meaningless $700 billion bailout bill figure.
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