Another Ticking Time Bomb: $71.2 Trillion Dollars in “Unallocated” Derivatives

George Washington’s Blog According to the CIA Fact Book, the world economy was $54.62 trillion (at official exchange rates) in 2007. You’ve probably heard that the amount of credit default swaps (CDS) is greater than the world economy. This is confirmed by the Bank for International Settlements – the official organization which tracks derivatives – […]

Kiwi companies struggle to pay

New Zealand businesses are taking significantly longer to pay their bills as they get hit by the country’s recession and the global credit crisis, according to credit reporting company Dun & Bradstreet. “Any further increase in payment periods could have severe detrimental effects,” D&B’s New Zealand general manager John Scott said today. The company’s latest […]

Steel firm pulls out of takeover

Takeover deals for Steel & Tube and Strategic Finance have collapsed because of the global credit crisis. OneSteel, Australia’s second-biggest steelmaker, has pulled out of its $175 million takeover bid of New Zealand-based Steel & Tube Holdings, citing increased market volatility. On the same day, the global financial crisis has derailed a joint venture bid […]

As Food Prices Rise, Fertilizer Shortage Now Threatens World’s Farms

(NaturalNews) The world is faced with a global fertilizer shortage, experts say, placing even more strain on food prices. In the last few decades, an increasing reliance on industrial fertilizers has led to surging demands for the largely fossil-fuel-based products. Between 1996 and 2008 alone, fertilizer increased by 56 percent in less industrialized nations and […]

Government unveils ‘Big Brother’ plan: Now they want to snoop on every phone call, email and text message

Are you ready for the policestate acomin. Plans for a massive expansion of ‘Big Brother’ state surveillance to cover every phone call, email, text message and internet visit in Britain were unveiled yesterday. Home Secretary Jacqui Smith claimed that storing details of individuals’ communications was vital to prevent further terrorist atrocities. Activities which will be […]

Airport admits ‘strip search’ body scanners WILL show people naked

How revolting. New ‘strip search’ full body scanners being trialled in Australia will show people’s private parts, officials have admitted. But to spare their blushes, the faces of passengers will be blurred. Domestic travellers leaving Melbourne airport over the next six weeks will be asked to test the new security scanners that can see through […]

Some Afghans live under Taliban rule – and prefer it

Why were we in Afghanistan again? Porak, Afghanistan – After a gang of thieves had continually terrorised an Afghan neighbourhood near here months ago, locals decided they’d had enough. “We complained several times to the government and even showed them where the thieves lived,” says Ahmad, who goes by one name. But the bandits continued […]

Total Bailout Cost Heads Towards $5 TRILLION

Numbers becoming meaningless as Paulson defends government intervention Steve Watson Wednesday, Oct 15, 2008 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. Analysts have previously marked out the $5 trillion figure […]

Who is Behind the Financial Meltdown?

The market is heavily manipulated. The driving force behind the meltdown is speculative trade. The system of  “private regulation” serves the interests of the speculators. While most individual investors loose when the market falls, the institutional speculator makes money when there is a financial collapse. In fact, triggering market collapse can be a very profitable […]

‘We must stand together’: Bush warns countries as G7 agrees ‘plan of action’ tor rescue world economy

My son lost his job today – closed their doors, no warning. Two kids, house and car payments. Thanks, George. As the world burns, thanks to George Bush, his neoliberal economics, the military industrial complex and his evil banking buddies he has the gall to tell us we have to stand together. While the man […]

Sign Up QuickList (0) Help Sign In Worldwide (All) English CloseClose Set Your Country Content Preference (What is this?) Choose which country’s videos, channels, and activity filters (for example, “Most Viewed”), you would like to view. CloseClose Set Your Language Preference (What is this?) Choose the language in which you want to view YouTube. This will only change the interface, not any text entered by other users. Home Videos Channels Community Upload advanced Loading… THE FLIGHT 93 FRAUD- Smoking Gun Evidence

Berlusconi Says Leaders May Close World’s Markets

By Steve Scherer Oct. 10 (Bloomberg) — Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world’s financial markets while they “rewrite the rules of international finance.” “The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,” Berlusconi said today after […]

Move to guaranteed bank deposits likely

New Zealand is likely to follow Australia’s lead and guarantee bank depositors’ savings as the world financial crisis deepens. The Australian government will this week introduce a limited deposit guarantee scheme into parliament to cover deposits up to $20,000 following a frantic week where European governments dramatically increased their deposit guarantees and world sharemarkets plummeted. […]