Bank of England says “Deep Recession ahead….”
The governor of the Bank of England, Mervyn King, has warned that the UK is facing a deep recession in 2009 and said that further monetary action may be necessary.
The Economy – Articles
Pfizer deal to buy Wyeth is financed by the big banks with our money
During Saturdays Show, (Jan 24 -’09) Patrick alluded to the fact the the AMA, The Drug Companies, The Banks, The Fed and "The Powers Theat Be" are virtually all the same people. A listener suggested he was conspiracy crazy. Read below how during this "Tight credit market" this 68 Billion Dollar deal is being financed…
The Banks Have Stolen Enough; Its Time to Take Them Over
Hold onto your wallets. The bankers are coming bank for more money. They burned through the $350 billion that we gave them in the first round of the Troubled Asset Relief Program (TARP) and they are worried that even the second $350 billion will not be enough money to keep them solvent. The selective leaks…
Barclays may lose control to Gulf investors
The Government is in talks with Barclays after the bank admitted that raising extra capital could trigger a clause that would deliver control to its Middle East investors.
The Manipulation of Gold and Silver Prices
Here is an intriquing article on gold and silver spot prices on COMEX. If you are a regular listener of "The Real World of Money", Wednesday evenings at 7 PM Central on One Radio Network this confirms what our Mr. Gause has talked about for many years. Read Article
The Federal Reserve Abolition Act
On June 15, 2007, Ron Paul introduced HR 2755: Federal Reserve Abolition Act. There were no co-sponsors, no further action was taken, and the legislation was referred to the House Committee on Financial Services and effectively pigeonholed and ignored.
California May Need To Print Thier Own Money
California has been painted into a corner. Preface, the federal government violates the Constitution by not using gold & silver as money. California has the potential for being the first to print money in violation of the US Constitution. That right is solely the privilege of the Dept Treasury and its agent the USFed. The…
Lawsuit filed against Henry Paulson for AIG Bailout on Constitutional Grounds
According to the lawsuit, the U.S. government, through its ownership of AIG, is not only violating the Constitution, but also promoting and financing the destruction of America using American tax dollars.
AIG Is Said to Pay $18.7 Billion to Goldman, SocGen for Swaps
Dec. 10 (Bloomberg) — American International Group Inc., the insurer rescued by the U.S. government, made $18.7 billion in payments tied to credit-default swaps to banks including Goldman Sachs Group Inc. and Societe Generale SA, according to a person briefed on the situation.
Fourth-Quarter GDP: Worse and Worse
It seems each new piece of data lately prompts another round of downward revisions to economists’ estimates of fourth-quarter gross domestic product.
Trilateral Plan to Corner World Gold Market?
[Editors note: members of the Trilateral Commission and companies with Commission representation appear in bold type.] Since 1973, this writer has made inquiry as to the location and ownership of the vast stores of monetary gold (400 oz., .999 pure bars) in the world. There has not been a formal audit on Fort Knox, for…
Colossal Financial Collapse The Truth Behind The Citigroup Bank Nationalization
On Friday November 21, the world came within a hairs breadth of the most colossal financial collapse in history according to bankers on the inside of events with whom we have contact. The trigger was the bank which only two years ago was Americas largest, Citigroup. The size of the US Government de facto nationalization…
Citigroup collapses! Banking Shutdown Possible
It pains me deeply to announce that, despite the massive government rescue, yesterday’s collapse of Citigroup could ultimately lead to a shutdown of the global banking system. For many years, I hoped this would never happen, and I thought we might be able to avoid it.
Inhofe: Paulson Threatened Martial Law
Sen. James Inhofe (R-Ok.) said yesterday that it was Treasury Secretary Henry Paulson who personally told Congressmen that there would be martial law in America if they did not pass the bailout of the banks as demanded by the Bush Administration. On Oct. 2, Rep. Brad Sherman (D-Calif.) said on the House floor that "Many…
Paulsons Cascade of Lies
On Thursday, November 20, Treasury Secretary Henry Paulson presented, even by his own lamentably low standards, an amazingly deceptive speech at the Ronald Reagan Presidential Library in Simi Valley, California. In its false framing of Washington’s financial giveaway to Wall Street it rivaled some of the outstanding fables created by the Master Imagineer himself, for…
The Corrupt Origins of Central Banking
Central banking has been a corrupt, mercantilist scheme and an engine of corporate welfare from its very beginning in the late 18th century. The first central bank, the Bank of North America, was "driven through the Continental Congress by [congressman and financier] Robert Morris in the Spring of 1781," wrote Murray Rothbard in The Mystery…
Dems Target Private Retirement Accounts
RALEIGH — Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the Social Security Administration. Triggered by the financial crisis the past two months, the hearings reportedly were meant to stem losses incurred by…
Hyperinflationary Depression
Until now, I have given equal credence to two possible scenarios: We could have several years of inflation as we do now, and the powers-that-be would have a sudden rush of brains to the head, like Paul Volcker and Ronald Reagan did in 1980, and stop the “printing press,” ending inflation and the gold and…
Treasury cites progress in easing crisis; Greenspan calls downturn 100-year `credit tsunami’
WASHINGTON (AP) — The head of the governments $700 billion financial rescue program told Congress Thursday that the Bush administration has made "tremendous progress" in pushing to get it implemented.
New Bretton Woods System?
Bretton Woods was effectively an exchange rate mechanism, were gold backed the new kid on the world block, namely the post war US dollar and all other currencies floated around the dollar in a fixed range. If a currency moved too far either way of the range then the respective Central Bank stepped in and…