Archive for the 'Economy' Category
Fed About to Drown U.S. Dollar Holders with “Liquidity”
December 6th, 2007Via: Bloomberg: Federal Reserve officials, who are forecast to lower their main interest rate next week, are signaling that they are looking for additional ways to increase credit to companies and consumers. The Fed may lower the discount rate — what it charges banks for short-term direct loans — by a quarter-point more than the […]
Subprime Mortgage Crisis: U.S. Takes Page from Banana Republic Playbook
December 6th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Once again, the gangsters on Wall Street have succeeded in getting the American Corporate State to force a shit sandwich down the collective throat of U.S. Dollar holders. It’s nanny state lotto time for billionaires on the one hand, and the […]
Goldman Sachs Shorted Toxic Waste Paper it Was Selling
December 5th, 2007This isn’t news, but it drives home the point: Hedging is key to juggling chainsaws and hand grenades. Via: New York Times: The point to bear in mind, as Mr. Sloan brilliantly makes clear, is that as Goldman was peddling C.M.O.’s, it was also shorting the junk on a titanic scale through index sales — […]
National Debt Grows $1 Million a Minute
December 4th, 2007Hmm. An Associated Press article that reads like a tinfoil wrapped Cryptogon rant… I don’t quite know what to make of it. Via: AP: Like a ticking time bomb, the national debt is an explosion waiting to happen. It’s expanding by about $1.4 billion a day — or nearly $1 million a minute. What’s that […]
European Central Bank Sold 42 Tons of Gold
December 4th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. “Don’t ask me how They would kill this rally… My hunch is that it would involve central bank collusion and tons of yellow stuff showing up on the spot market without warning.” —Cryptogon, 10/28/2007 Been waiting for it… And by the […]
Kleiner Perkins: Al Gore and Colin Powell, Together at Last to Save the Planet
December 3rd, 2007“You won’t have the clean technology without a total, fascist lockdown. I’ve said it from the beginning, and I’m saying it now. The technology to build the techno green utopia has been around for easily thirty years. Sorry folks, that’s not how it went, and that’s not how it’s going to go. The primacy of […]
U.S. Credit Crisis Adds to Gloom in Norway
December 3rd, 2007“We Americans Were Very Clever…” Via: New York Times: At this time of year, the sun does not rise at all this far north of the Arctic Circle. But Karen Margrethe Kuvaas says she has not been able to sleep well for days. What is keeping her awake are the far-reaching ripple effects of the […]
Pandora’s Pantry
December 3rd, 2007Via: Celsias: Monsanto’s key selling point for Roundup Ready seeds has been to tell farmers that one or two good dousings with Roundup will solve all their weed problems. The corporation placed print ads telling farmers that Roundup was “the only weed control you’ll ever need,†even while, in the words of University of California […]
U.S. Dollar: The Horror Scenario
December 2nd, 2007Via: Der Spiegel: What if fear of a permanent decline in values spreads in all of those countries that have accumulated vast quantities of the US currency in the past few years, countries like China, Japan and the Asia Tiger states, as well as the oil-exporting countries and Russia? What if panic breaks out and […]
EXXONMOBIL’S NEW BATTERY FOR ELECTRIC VEHICLE APPLICATIONS
December 1st, 2007“I don’t know. I see things like the ‘sustainable’ WalMart and the FedEx hub covered with solar panels and I have to wonder if this Peak Oil thing is actually going to be the kill shot that we think it’s going to be… Maybe They have a much better grip on this thing than we […]
