Archive for December, 2008
U.S. FEDERAL RESERVE MAY BUY U.S. TREASURIES
December 2nd, 2008This doesn’t make any sense. The U.S. Government authorizes the Fed to create money out of thin air, which it will then use to buy up the debt of the U.S. Government that nobody else wants? Is anyone who is currently holding U.S. Treasuries even reading the news? The auctions are going to fail, so […]
Australia Extends Biggest Rate-Cut Round Since 1991: Cuts Another Full Point
December 2nd, 2008Via: Bloomberg: Australia’s central bank cut its benchmark interest rate by one percentage point, extending the biggest round of reductions since the nation was last in a recession in 1991. Governor Glenn Stevens lowered the overnight cash rate target to a six-year low of 4.25 percent in Melbourne today, the fourth reduction in as many […]
As Crisis Mounts, Ecuador Declares Foreign Debt Illegitimate and Illegal
December 2nd, 2008Via: AlterNet: Amidst the spreading global financial crisis, a special debt audit commission released a report charging that much of Ecuador’s foreign debt was illegitimate or illegal. The commission recommended that Ecuador default on $3.9 billion in foreign commercial debts–Global Bonds 2012, 2015 and 2030–the result of debts restructured in 2000 after the country’s 1999 […]
New Zealand: Currency Swapline with U.S. Federal Reserve
December 2nd, 2008KiwiCanDo has been investigating the recent and unprecedented agreement between the Reserve Bank of New Zealand and the U.S. Federal Reserve with regard to the creation of a US$15 billion currency swapline. The Fed has asked the New Zealand Reserve Bank authorities to keep the details of the agreement a secret. As far as I […]
Can Individual Investors Force an End to the Comex Paper Gold Nonsense?
December 2nd, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. HAHA, this will be interesting to watch: Vaporize COMEX countDOWN.
Oil About to Break Down and Out of Recent Range
December 2nd, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Watching live… $48.31 on WTI is the number to watch.
Pentagon Hires British Scientist to Help Build Robot Soldiers that ‘Won’t Commit War Crimes’
December 1st, 2008Via: Telegraph: The American military is planning to build robot soldiers that will not be able to commit war crimes like their human comrades in arms. The US Army and Navy have both hired experts in the ethics of building machines to prevent the creation of an amoral Terminator-style killing machine that murders indiscriminately. By […]
Evidence Suggests CIA Funded Experiments at State Hospital
December 1st, 2008Via: Rutland Herald: Few people in Vermont remember Dr. Robert W. Hyde, but one of his former patients can’t forget him. The doctor was involved in one of the nation’s darkest chapters in medical science: In the 1950s, Hyde conducted drug and psychological experiments at a Boston hospital through funding that apparently originated with the […]
U.S. Military Boosting “Homeland” Force to 20,000 by 2011
December 1st, 2008Via: MSNBC: The U.S. military expects to have 20,000 uniformed troops inside the United States by 2011 trained to help state and local officials respond to a nuclear terrorist attack or other domestic catastrophe, according to Pentagon officials. The long-planned shift in the Defense Department’s role in homeland security was recently backed with funding and […]
Credit Card Industry May Cut $2 Trillion of Lines: Get Ready for Famine
December 1st, 2008Famine? The Reuters piece below doesn’t say anything about famine. It includes the words dangerous and unprecedented, but not famine. So, how might we conclude that widespread hunger will result from a reduction in credit lines? Because increasing numbers of people are relying on credit cards to pay for their BigMacs: Commercial bank exposure via […]
