Jobs, consumer credit, Fannie & Freddie
Monday, March 15th, 2010also check me out on www.facebook.com and twitter.com
also check me out on www.facebook.com and twitter.com
This time Max Keiser and co-host, Stacy Herbert, look at the scandals behind: ‘the owner of Great Britain’ bouncing a million check for a pile of dirt in the Persian Gulf; a currency speculator in Monaco moving currency markets with an ‘accidental Jim Rogers press release’ while Colonel Gaddafi calls for jihad against Switzerland and receives zero market impact; and Alan Greenspan wins major award for causing up global financial markets to explode. Keiser also talks to David degraw about his new book, “The Economic Elite versus the People of the United States of America.”
stimulate economic growth. For the last few years money growth in the US has been over 10 percent, much higher than the growth of the economy (GDP). This does stimulate the economy, but the dollar also looses it’s value (inflation). New money (credit) is not given to economic participants but lend to them. By now the American consumer is deep into debt (mortgage) and the US government too (bonds). Total debt in the US is over 40 trillion dollars. Total debt is 330 percent of GDP, in 1929 …
Lowest borrowing in seven decades finance.yahoo.com Geithner & his crooked self finance.yahoo.com Britches on fire finance.yahoo.com The media focuses on horrific spending done by nut job celebrities while China conserves. Kate Gosslin’s new mop = Grand!! go anywhere, the media seems to love this story.
. The US will experience economic disintegration. The 2010 Food Crisis Means Financial Armageddon Over the last two years, the world has faced a series of unprecedented financial crises: the collapse of the housing market, the freezing of the credit markets, the failure of Wall Street brokerage firms (Bear Stearns/Lehman Brothers), the failure of Freddie Mac and Fannie Mae, the failure of AIG, Icelands economic collapse, the bankruptcy of the major auto manufacturers (General Motors, Ford, …
Do you care about your rights & civil liberties? Feel free to drop by & join us at: www.youtube.com This is the woman who revealed last week that the executives of Wall Street firms receiving taxpayer bailout funds have been charging 00 an hour call girls on their company credit cards, which means it is hidden as a business expense, and ultimately comes off their taxes! That must feel pretty good; screwing a pretty woman AND the taxpayers all at the same time! abcnews.go.com…
destroying the dollar and wiping out the American middle class. Paul held Bernanke to task over his refusal to address the decline of the dollar and its clear link to inflation. “Inflation comes from the unwise increase in the supply of money credit….to argue that we can continue to debase the currency, which is really the policy of that you’re following, purposely debasing value of currency - which to me seems so destructive….it just puts more pressure on the federal reserve to …
The economy will collapse. It’s absolutely certain, and it’s only a matter of time. Yahoo finance link 1 - Gulp! finance.yahoo.com Yahoo finance - no double dip finance.yahoo.com
crisis. The current US economy is unrecoverable; it will need to be restructured into a production economy not dependent on constant credit expansion. * At 6:30 I said the dollar or new US currency may end up being backed by a basket of currencies, I meant to say commodities. Russia challenges dollar news.yahoo.com dollar in danger www.reuters.com Credit card defaults rise again www.reuters.com Foreign Demand for US Assets falls finance.yahoo.com Russia ready to dump dollars www.bloomberg. …
Credit:urWURLDnow www.youtube.com After insisting once again that there is a consensus on Man-made Global Warming (while paradoxically comparing those not in consensus with those who deny the moon landing), Al Gore denies, downplays and refuses to discuss the role that CEOs played in crafting his Cap-and-Trade C02 trading schemes. Rep. Scalise points out that Gore met with Ken Lay, of ENRON-fraud fame circa 1998, as well as top members of Goldman Sachs– all of which Al Gore obscures and …