Archive for the 'Elite' Category
China Calls for New Reserve Currency
March 23rd, 2009Via: Financial Times: China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund. In an essay posted on the People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve […]
Frontline: The Medicated Child
March 23rd, 2009Is there something more at work here besides chasing profits? The diabolical nature of this seems to go beyond the usual chasing profits explanation. This has an inky black, low murmuring evil feel to it. Echoes of Dr. Mengele. Also, pay attention to the “food” that these people are ingesting, and the physical appearance of […]
Jay Rockefeller: Would It Be Better If We Hadn’t Created the Internet?
March 23rd, 2009Still Think It’s About the Bonuses? The Big Takeover
March 22nd, 2009Via: Rolling Stone: It’s over — we’re officially, royally fucked. No empire can survive being rendered a permanent laughingstock, which is what happened as of a few weeks ago, when the buffoons who have been running things in this country finally went one step too far. It happened when Treasury Secretary Timothy Geithner was forced […]
France Officially Asks to Rejoin NATO Command
March 21st, 2009Via: AP: President Nicolas Sarkozy has submitted a formal request to rejoin the NATO command structure following a 43-year absence, French and NATO officials said Friday. A letter with the request was presented Thursday to NATO Secretary General Jaap de Hoop Scheffer during an EU summit in Brussels, the officials said on condition of anonymity […]
13 Firms Receiving Federal Bailout Owe Back Taxes
March 19th, 2009It should get interesting around April 15th in the U.S… Via: AP: At least 13 firms receiving billions of dollars in bailout money owe a total of more than $220 million in unpaid federal taxes, a key lawmaker said Thursday. Rep. John Lewis, D-Ga., chairman of a House subcommittee overseeing the federal bailout, said two […]
U.N. Panel Says World Should Ditch Dollar
March 19th, 2009Mmm hmm. Via: Reuters: A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar. Currency specialist Avinash Persaud, a member of the panel of experts, told […]
Fed to Pump Another $1 Trillion Into U.S. Economy
March 19th, 2009Via: IHT: The Federal Reserve sharply stepped up its efforts to bolster the economy on Wednesday, announcing that it would pump an extra $1 trillion into the financial system by purchasing Treasury bonds and mortgage securities. Having already reduced the key interest rate it controls nearly to zero, the central bank has increasingly turned to […]
FED TO BUY U.S. TREASURIES
March 19th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Well, guys, there it is. The main mechanism of U.S. debt financing has broken down. This is, by far, the most serious economic development to occur in my lifetime (I’m 37). What will happen, and when, as a result of this, […]
Goldman Sachs Offers Loans to “Stretched” Employees
March 18th, 2009I couldn’t make it up if I tried. Via: New York Times: Goldman Sachs got its bailout. Now some of its bankers, those aristocrats of Wall Street, apparently need a bit of a bailout too. Goldman, which accepted billions of taxpayer dollars last fall and, as learned Sunday, was also a big beneficiary of the […]
