By Alex Lantier 30 October 2008 In a remarkable speech on nuclear policy delivered October 28 at the Carnegie Endowment for International Peace (CEIP), US Defense Secretary Robert Gates painted a dire portrait of international affairs and argued that Washington should expand the doctrine of pre-emptive war formulated by the Bush administration to include possible […]
Monthly Archives: October 2008
As I said before; when will the Americans stop taking this? WASHINGTON — Times are tough, but don’t worry about most members of Congress making ends meet. Their collective wealth grew by 13 percent last year, leaving them in better shape than most Americans to make it through an economic downturn, according to a new […]
F*&king hell, what will it take for the American people to revolt. First they get ripped off in a truly monumental scale through cheap credit and two unwinnable wars and now they get to pay the criminals who did it their bonuses. Appalling truly, truly appalling. Goldman Sachs is on course to pay its top […]
Be afraid be very afraid. Finance Minister Michael Cullen has revealed he is set to speak with US Secretary of State Condoleezza Rice later this morning ahead of a meeting of the world’s most powerful economies to discuss the financial crisis. Speaking at the Herald‘s Mood of the Boardroom breakfast this morning, Dr Cullen said […]
In a nationally televised speech on September 24, George W. Bush said in support of the proposed bailout plan that it was meant to “help American consumers and businessmen get credit to meet their daily needs and to create jobs.” The Bailout Lie Exposed Bush’s story was subsequently peddled by the Ministry of Information: the […]
Financial Crisis Impacts Visitor Arrivals The impact of the global financial crisis is beginning to be felt by the tourism industry, with visitor arrivals to New Zealand down 6.6%, just over 11,000 less people than in September 2007. Increasing economic uncertainty saw a drop in the number of visitors arriving from almost all of New […]
LONDON (Reuters) – British oil major BP Plc (BP.L) may have marked the oil industry’s high point by reporting a record $10.0 billion third quarter replacement cost profit on Tuesday, as the recent collapse in crude prices ensures a tougher outlook. Europe’s second-largest non-government controlled oil company by market value said the forecast-beating earnings showed […]
Ah, the sweet smell of blackmail. Give us money or your money is gone. AXA no doubt has its veults full with Mortgage backed assets and feels an imminent collapse coming on. In fear of a “Bank run” they have closed up shop and sod the punters. More than $1 billion has been frozen in […]
With the latest news of another plunge of the NZ dollar we are told that this is actually a good thing. Well actually it is not. It is only a good thing if the worlds economy is basically sound. A low priced NZ dollar is good for exporters wanting to export their products and a […]
For those of you who thought I had deserted the quest for a new investigation into the events of 911 the following: We have been taught well by our masters when they taught us; Thou willst not ask questions and those who do will be named “Conspiracy nuts”. I don’t know about you but it […]
Sunday morning 8:00 AM the Federal Reserve of New Zealand announced a most unusual strategy. Te Fed is going to buy up Asset Backed paper. They had a very good reason to do so in those early hours of Sunday and not say at the opening of another disastrous financial week because with the announcement […]
It turns out I was in good company here in NZ. When Moses came down from the mountaintop with a large stone tablet in either hand, no one paid any attention. They were too busy worshipping a golden calf. Whether heifer or steer, the good book doesn’t say. But in the context of this story, we […]
It would be hilarious if it wasn’t so devastating. A paragraph from a Friday cbsnews.com story on former Federal Reserve Chairman Alan Greenspan says it all: “Greenspan…said that he and others who believed lending institutions would do a good job of protecting their shareholders are in a ‘state of shocked disbelief.’” Yes, Greenspan and the […]
DONGGUAN, China (AFP) — At least 2.7 million factory workers in southern China could lose their jobs as the global economic crisis hits demand for electronics, toys and clothes, according to industry estimates. The region has seen massive export-driven expansion in recent years by supplying the world with cheap consumer goods, but rising production costs […]
KUWAIT CITY (AP) – Kuwait’s Central Bank stepped in Sunday to prop up one of the country’s biggest banks and said it was considering guaranteeing deposits in domestic banks – in one of the first concrete signs that the global financial crisis may next hit the oil-rich Gulf. In Saudi Arabia, meanwhile, the government said […]
By Ambrose Evans-Pritchard Last Updated: 10:52AM GMT 26 Oct 2008 Comments 69 | Comment on this article The financial crisis spreading like wildfire across the former Soviet bloc threatens to set off a second and more dangerous banking crisis in Western Europe, tipping the whole Continent into a fully-fledged economic slump. Currency pegs are being […]
The New American Century, the strategic concept of Anglo-American – Zionist Capital has imploded, along with major Investment Banks and financial and banking institutions of close alliance partners, humiliatingly in full view of peoples and societies where they pillaged, killed, tortured and terrorised rendering millions homeless into refugees. The propaganda ploy of the global “War […]
Stock market crashes, banks going bust, recession… how much else can go wrong? Answer: plenty. Britain now has a currency crisis on its hands, too. This morning, the pound tumbled below $1.53 against the dollar in its biggest drop in at least 37 years. That’s even worse than on so-called ‘Black Wednesday’ in September 1992, […]
I believe that banking institutions are more dangerous to our liberties than standing armies. (Thomas Jefferson, US President; 1743 – 1826) America is dying. It is self-destructing and bringing the rest of the world down with it. Often referred to as a sub-prime mortgage collapse, this obfuscates the real reason. By associating tangible useless failed […]
Oct. 24 (Bloomberg) — Russia’s Micex Stock Exchange suspended trading at 2:10 p.m. until next week after shares slumped. The next session will start on Oct. 28, Alexei Gerasyuk, a spokesman for the Moscow bourse, said by telephone. The so-called technical index fell more than 10 percent, triggering the halt, according to data on the […]
Something’s brewing. Our masters are itching to go to war with Iran but they are scared of the New and improved Russian bear who won’t go along with the New World Order. When Russia defended South Ossetian people against the genocidal attack of the Western puppet Saakashvili and brought Georgia down within days the NWO […]
Richard C. Cook is a former U.S. federal government analyst, whose career included service with the U.S. Civil Service Commission, the Food and Drug Administration, the Carter White House, NASA, and the U.S. Treasury Department. His articles on economics, politics, and space policy have appeared in numerous websites and print magazines. His book on monetary […]
At a news conference on October 22, 2008, U.S. Democratic presidential candidate Barak Obama was asked about a comment by his Vice Presidential running mate Joe Biden that Obama could expect to be tested within six months of the new presidential term by a “generated” international crisis that will force him to make unpopular decisions. […]
The New American Century, the strategic concept of Anglo-American – Zionist Capital has imploded, along with major Investment Banks and financial and banking institutions of close alliance partners, humiliatingly in full view of peoples and societies where they pillaged, killed, tortured and terrorized rendering millions homeless into refugees. The propaganda ploy of the global “War […]
Just imaging a humble German priest at 85 wants to hear Mozart’s Mass in C minor played for his 85th birthday. Being a humble spiritual spiritual servant to his flock and much loved you would think that his flock buys him a DVD of his favourite orchestra and choir to have him enjoy this master […]
By Stephen Lendman Whatever we know about today’s financial crisis. Think we know. Eventually will know in the fullness of time. This time is really different. In 1922, Henry Ford put it this way in his book titled “My Life and Work:” “The (economy’s) primary functions are agriculture, manufacture, and transportation. Community life is impossible […]
Absolutely hilarious. Must watch.
While the banksters are being bailed out the poor go homeless and hungry. For shame. More families with children are becoming homeless as they face mounting economic pressures, including mortgage foreclosures, according to a USA TODAY survey of a dozen of the largest cities in the nation. Local authorities say the number of families seeking […]
What started out as a housing problem in a few states has now exploded into a full-fledged recession with a majority of states now in or dangerously close to recession. What started as a recession in just a few states has now spread to 27 with another 14 states near recession, according to Mark Zandi, […]
Aotearoa: A Wider Perspective 