Financial Meltdown: U.S. Treasury Regulatory Reform Proposals: Hapless, Helpless, Hopeless
Monday, March 31st, 2008 Posted in Economic News | No Comments »The consumers who should be protected by the government, not set up as victims of highway robbery, have been crushed by the worst burden of individual and household debt in history. Meanwhile, the real incomes of workers in the ...
Excellent Read: Is an International Financial Conspiracy Driving World Events?
Monday, March 31st, 2008 Posted in Economic News | No Comments »Was Alan Greenspan really as dumb as he looks in creating the late housing bubble that threatens to bring the entire Western debt-based economy crashing down? Was something as easy to foresee as this really the trigger for a ...
USA 2008: The Great Depression
Monday, March 31st, 2008 Posted in Economic News | No Comments »We knew things were bad on Wall Street, but on Main Street it may be worse. Startling official statistics show that as a new economic recession stalks the United States, a record number of Americans will shortly be depending ...
The baton passes to Asia
Monday, March 31st, 2008 Posted in Economic News | No Comments »But in the end, transformation is not about numbers. It's about the mind. Come to Asia and fear drains away. It's replaced by confidence and a burning desire to succeed. Asian business leaders are rock stars. The culture of ...
Angry Homeowners Wreak Havoc on Foreclosure Properties
Monday, March 31st, 2008 Posted in Economic News | No Comments »Some homeowners facing foreclosure are wreaking havoc on their properties before handing over the keys – punching holes in walls, ripping out appliances, dumping paint on carpets and even locking in pets to further muck up the home. Approximately ...
US credit crunch hits education as banks abandon student loans
Monday, March 31st, 2008 Posted in Economic News | No Comments »One of America’s leading banking associations has given warning that the United States faces a growing educational apartheid as some lenders withdraw from student loans amid new evidence that the credit crisis has spread across all types of borrowing.
Chinese exporters shun flagging dollar
Monday, March 31st, 2008 Posted in Economic News | No Comments »Rising numbers of Chinese exporters are shunning the US dollar or devising ways to offset the impact of the falling currency as they confront rising labour and raw material costs at home. According to Alibaba.com, the online company that ...
As Jobs Vanish and Prices Rise, Food Stamp Use Nears Record
Monday, March 31st, 2008 Posted in Economic News | No Comments »Driven by a painful mix of layoffs and rising food and fuel prices, the number of Americans receiving food stamps is projected to reach 28 million in the coming year, the highest level since the aid program began in ...
Why the Paulson Plan is DOA
Monday, March 31st, 2008 Posted in Economic News | No Comments »In the middle of perhaps the greatest financial upheaval since the Great Depression, Treasury Secretary Hank Paulson is proposing a change in financial regulations which basically amounts to a big wink to Wall Street. His plan will go ...
Brace for $1 Trillion Writedowns
Monday, March 31st, 2008 Posted in Economic News | No Comments »That's roughly on a par with the Russian economy. More than double the market value of Exxon Mobil Corp. About nine times the combined wealth of Warren Buffett and Bill Gates. The sad truth,is that subprime is just the ...
Excellent Read!: Bottomless Financial Sector Bottom
Sunday, March 30th, 2008 Posted in Economic News | No Comments »As the banking crisis and economic downturn become even more evident, the need for even more accelerated monetary inflation will become painfully evident too. Watch for a swing momentum move toward the 1100 gold level. The silver chart ...
Fed eyes Nordic-style nationalisation of US banks
Sunday, March 30th, 2008 Posted in Economic News | No Comments »The US Federal Reserve is examining the Nordic bank nationalisations of the 1990s as a possible interim solution to the US financial crisis. The Fed has been criticised for its rescue of Bear Stearns, which critics say has ...
Treasury’s Plan Would Give Fed Wide New Power
Sunday, March 30th, 2008 Posted in Economic News | No Comments »The Treasury Department will propose on Monday that Congress give the Federal Reserve broad new authority to oversee financial market stability, in effect allowing it to send SWAT teams into any corner of the industry or any institution that ...
Russian intelligence sees U.S. military buildup on Iran border
Sunday, March 30th, 2008 Posted in Economic News | No Comments »MOSCOW, March 27 (RIA Novosti) - Russian military intelligence services are reporting a flurry of activity by U.S. Armed Forces near Iran's borders, a high-ranking security source said Tuesday. "The latest military intelligence data point to heightened U.S. military ...
UBS Gives Haircuts
Sunday, March 30th, 2008 Posted in Economic News | No Comments »The Swiss bank told clients it was reducing the value of auction-rate securities in their accounts, by an average amount of 5%. It also refused to buy the bonds back from investors who bought the securities, thinking they were ...
Independent truckers planning shutdown
Sunday, March 30th, 2008 Posted in Economic News | No Comments »Crude oil is running $100 a barrel and it costs $50 instead of $35 to fill your car, but you carpool occasionally and watch the number of trips across town so you're doing all right so far. But what ...
[Video] NAPOLEON HILL EXPLAINS THE THINK AND GROW RICH PRINCIPLE THAT WAS TAUGHT TO HIM
Saturday, March 29th, 2008 Posted in Economic News | No Comments »Whether you've just read Think and Grow Rich or meant to read it but haven't gotten around to it, go ahead and STOP EVERYTHING you're doing and view this 7-minute b&w video of Napoleon Hill:
Time To Wake The Hell Up!
Saturday, March 29th, 2008 Posted in Economic News | No Comments »IF and I fully expect it - they start a war with Iran - God help them all. Russia and China will not stand idly by - there is only ONE supply route from Kuwait - the ...
Chase mortgage memo pushes Cheats & Tricks
Saturday, March 29th, 2008 Posted in Economic News | No Comments »The memo's title says it all: "Zippy Cheats & Tricks." It is a primer on how to get risky mortgage loans approved by Zippy, Chase's in-house automated loan underwriting system. The secret to approval? Inflate the borrowers' income ...
High prices spark fresh gold rush in California
Saturday, March 29th, 2008 Posted in Economic News | No Comments »It has been almost 160 years since the first California gold rush but, with prices hitting record highs, prospectors are once again flocking to the states rivers and deserts in search of the precious metal.
Jump in rice price fuels fears of unrest
Saturday, March 29th, 2008 Posted in Economic News | No Comments »Rice prices jumped 30 per cent to an all-time high on Thursday, raising fears of fresh outbreaks of social unrest across Asia where the grain is a staple food for more than 2.5bn people.
Treasury Dept. Plan Would Give Fed Wide New Power
Saturday, March 29th, 2008 Posted in Economic News | No Comments »The proposal is part of a sweeping blueprint to overhaul the nation’s hodgepodge of financial regulatory agencies, which many experts say failed to recognize rampant excesses in mortgage lending until after they set off what is now the worst financial ...
Sit Tight - dont let Golds volatility bother you!
Saturday, March 29th, 2008 Posted in Economic News | No Comments »The Bull Market in Precious Metals has many years to run!
SILVER VERSUS GOLD, WITH SILVER UPDATES
Friday, March 28th, 2008 Posted in Economic News | No Comments »Every short position has to be covered. The silver commercials at times are net short an entire year of silver mine production. The situation for gold is much less severe. If any COMEX market has a chance of blowing ...
[Video] Future of Financials
Friday, March 28th, 2008 Posted in Economic News | 1 Comment »Finally Some Truth Out of CNBC! Expecting a rude awakening for the biggest banks this earnings season, with Meredith Whitney, Oppenheimer & Co. and CNBC's Maria Bartiromo.