While Rome Burns The Senators Are Partying!

Bartenders in Washington are telling us that while the US dollar is collapsing the Senators and MP’s are partying from as early as 9 am. Here are some quotes: I’m not over exaggerating when I say I can smell the booze wafting from members as they walk off the floor. — Ginger Gibson (@GingerGibson) September […]

While Obama Chairs The Collapse Of The Dollar, The Smiling Assassin Closes The Global Banker Take Over Deal!

“We are grateful to the Washington Post, the New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost 40 years……It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of […]

The Giant Currency Superstorm That Is Coming To The Shores Of America When The Dollar Dies

Most people here in Hobbiton are still of the persuasion that America will always be a superpower and that we are part of the biggest bestest empire ever. In fact John Key has us signed on to NATO and the US war machine to help conquer oil and gas fields liberate poor suppressed brown people […]

Back To The Banking Collapse: Prepare For Hyper Inflation or Perish!

Last week was important for several events. The verdict of the German High court and the Dutch elections but it turned out to be even more important for several other events which thanks to the eruption of violence against embassies all over the middle East as a reaction to an anti Muslim film which has […]

American Embassies Urged to Stockpile Local Currencies

I’m not even going to comment any more. A top investment advisor, Harry Schultz – who was MarketWatch’s Peter Brimelow pick for financial newsletter of the Year in 2008 – is now claiming: Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies […]

Iran urges ECO to drop dollar

The Iranian president calls on a regional economic body to abandon the US dollar in order to reduce the effects of the financial crisis. In a Tuesday speech to a meeting of the Economic Cooperation Organization (ECO), President Mahmoud Ahmadinejad said the 10-member group of Asian nations could adopt a single currency instead of the […]

Economy at 60-year low, says Darling. And it will get worse

News Politics Economic policy Exclusive interview Economy at 60-year low, says Darling. And it will get worse Chancellor says Labour failing to communicate with voters Nicholas Watt, chief political correspondent The Guardian, Saturday August 30 2008 Article history Photograph: Junko Kimura/Getty images Britain is facing “arguably the worst” economic downturn in 60 years which will […]

Record home losses in California

This is not a market correction, this is an economic meltdown. California foreclosures up 261% from ’07 levels Breaking: DataQuick reports today that foreclosures in California soared 33% from the first quarter to the second quarter of 2008, and are running 261% ahead of year-ago levels. More, from DataQuick: “Lenders started foreclosure proceedings on a […]

Foreclosures Rose 53% in June, Bank Seizures Tripled

July 10 (Bloomberg) — U.S. foreclosure filings increased 53 percent in June from a year earlier and bank seizures rose the most on record as deteriorating property values and higher rates on adjustable mortgages forced more people to give up their homes. More than 252,000 properties, or one in 501 U.S. households, entered a stage […]

Manufacturers facing ‘perfect storm’

Manufacturers are in recession, facing a “perfect storm” of soaring costs and stalling sales. The last six-month period was the toughest for years and the downturn may carry on through the second half of the year, according to business leaders. The Business New Zealand/Bank of New Zealand manufacturers’ index of activity was 45.7 in June, […]

Real news: Morgan Stanley warns of ‘catastrophic event’ as ECB fights Federal Reserve

I would have thought that the fact that major banks are issuing crash warnings would be of real importance to New Zelanders. The clash between the European Central Bank and the US Federal Reserve over monetary strategy is causing serious strains in the global financial system and could lead to a replay of Europe’s exchange […]

1 in 33 Homeowners Projected to Be in Foreclosure Within the Next Two Years

This will affect more than 9 million people. Man, women and children. New Report Highlights Actions States Are Taking To Help Mitigate The Mortgage Crisis And Urges Federal Legislation To Take State Efforts Into Account WASHINGTON, April 16 /PRNewswire-USNewswire/ — One in 33 homeowners is projected to be in foreclosure primarily over the next two […]

Swiss National Bank announces new injection of U.S. dollar liquidity

ZURICH, Switzerland: The Swiss National Bank will offer up to US$6 billion (€3.8 billion) in short term credit to ease strains in jittery financial markets, the central bank said Friday. SNB’s move will come in an auction of so-called repo loans, or repurchase agreements, to renew a similar measure of US$6 billion made last month […]