FDA and Missouri Milk Board out to destroy family farm
Morningland Dairy is being forced out of business by an out of control FDA and Missouri State Milk Board. Help stave off this illegal attack by these devils in government by helping support their business: Family Farm Ordered to Destroy 50,000 Pounds of Cheese Food Politics | October 11, 2010 Reality? Reason? Nah, We’ve got [...]
Outlook Gloomy at Secret Billionaire Meeting
John Melloy | CNBC.com For 25 years, legendary Wall Street strategist Byron Wien, now with The Blackstone Group, has held summer meetings with high net worth individuals to get their outlook on the global economy and investing. This year’s group, totaling fifty individuals and including more than 10 billionaires, was decidedly pessimistic on the U.S. [...]
INSIDE JOB Official Trailer in HD!
From Academy Award® nominated filmmaker, Charles Ferguson (“No End In Sight”), comes INSIDE JOB, the first film to expose the shocking truth behind the economic crisis of 2008. The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs. Through extensive research and interviews with [...]
Greenspan Wanted Housing-Bubble Dissent Kept Secret
Ryan Grim | HuffingtonPost.com As top Federal Reserve officials debated whether there was a housing bubble and what to do about it, then-Chairman Alan Greenspan argued that dissent should be kept secret so that the Fed wouldn’t lose control of the debate to people less well-informed than themselves. “We run the risk, by laying out [...]
Congress Members Bet on Fall in Stocks
JASON ZWEIG, TOM MCGINTY And BRODY MULLINS | Online.WSJ.com Some members of Congress made risky bets with their own money that U.S. stocks or bonds would fall during the financial crisis, a Wall Street Journal analysis of congressional disclosures shows. Senators have criticized Goldman Sachs Group Inc. for profiting from the housing collapse. And Congress [...]
Goldman Sachs and the $100 million question
TimesOnline.co.uk Goldman Sachs, the world’s richest investment bank, is facing a potential political storm over how much it pays its chief executive, Lloyd Blankfein. Bankers in Davos for the World Economic Forum (WEF) told The Times they understood that Mr Blankfein and other top Goldman bankers outside Britain were set to receive some of the [...]
G 20-Sarkozy-Replace dollar as Primary Currency
Katrin Benhold | NYTimes.com France wants to use its presidency of theGroup of 20 next year to create a new international monetary system, President Nicolas Sarkozy said on Wednesday, adding that he believed the dollar should no longer be the primary reserve currency in the global economy. n an expansive and lofty speech to the business and political leaders gathered here [...]
Geithner’s Fed Told AIG to Limit Swaps Disclosure
Hush Son | Bloomberg.com The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show. AIG said in a draft of a regulatory filing that the [...]
Mark Pittman, Reporter Who Foresaw Subprime Crisis, Dies at 52
Bob Ivry | Bloomberg.com Nov. 28 (Bloomberg) – Mark Pittman, the award-winning investigative reporter whose fight to open the Federal Reserve to more scrutiny led Bloomberg News to sue the central bank and win, died Nov. 25 in Yonkers, New York. He was 52. Pittman suffered from heart-related illnesses. The precise cause of his death wasn’t known, [...]
UN climate chief: Deal must be legally enforceable
Arthur Max | AP Developing countries don’t trust wealthy nations’ promises that they will help them meet the challenges of climate change, the U.N.’s top climate official said Monday, adding that means any new global warming deal must have legal force. The legal status of an agreement and whether nations will be sanctioned for failing to [...]
Dollar loses reserve status to yen & euro
Paul Tharp | NYPost.com Ben Bernanke‘s dollar crisis went into a wider mode yesterday as the greenback was shockingly upstaged by the euro and yen, both of which can lay claim to the world title as the currency favored by central banks as their reserve currency. Over the last three months, banks put 63 percent of [...]
UPDATE 1-PIMCO CEO sees no return to pre-crisis system
* Weaker U.S. dollar is part of global rebalancing * Certain global currencies will overappreciate (Updates with comments on currencies, emerging markets) Pav Jordan and Wojtek Dabrowski | Reuters.com TORONTO, Oct 9 (Reuters) – Mohamed El-Erian, the chief executive of bond giant PIMCO, said on Friday the global economic system will not likely reset to [...]
Federal Reserve Admits Hiding Gold Swap Arrangements, GATA Says
BusinessWire.com The Federal Reserve System has disclosed to the Gold Anti-Trust Action Committee Inc. that it has gold swap arrangements with foreign banks that it does not want the public to know about. The disclosure, GATA says, contradicts denials provided by the Fed to GATA in 2001 and suggests that the Fed is indeed very [...]
Michel Chossudovsky on the Banker Bailouts
GlobalResearch.ca
Four Apparent Suicides/Deaths in 48 Hours – CEO-Financiers-Fundraiser
Rockefeller & Co’s CEO committed suicide: report (Reuters) – James McDonald, chief executive officer of investment management firm Rockefeller & Co, committed suicide on Sunday in Massachusetts, the Wall Street Journal said, citing people familiar with the matter. – Read More Newport Beach financier Danny Pang dies at 42 (LATimes) – Newport Beach financier Danny [...]
UN Says New Currency Is Needed to Fix Broken ‘Confidence Game’
Jonathan Tirone |bloomberg.com The dollar’s role in international trade should be reduced by establishing a new currency to protect emerging markets from the “confidence game” of financial speculation, the United Nations said. UN countries should agree on the creation of a global reserve bank to issue the currency and to monitor the national exchange rates [...]
As Obama Golfs with UBS CEO Days After Firm Avoids Criminal Prosecution, UBS Whistleblower Given 40-Month Jail Term
DemocracyNow.org Video link from Democracy Now On the first day of his vacation in Martha’s Vineyard, President Obama spent five hours golfing with UBS executive Robert Wolf, an early financial backer of Obama’s presidential campaign. As the pair teed off, another UBS banker, Bradley Birkenfeld, had just been handed a forty-month prison sentence after pleading [...]
China’s CIC set to invest in U.S. mortgages
George Chen | Reuters.com China’s $200 billion sovereign wealth fund, which lost big on its ill-timed 2007 Morgan Stanley and Blackstone bets, plans to invest up to $2 billion in U.S. mortgages as it eyes a property market rebound, two people with direct knowledge of the matter said Monday. China Investment Corp plans to soon [...]
Government by Goldman Sachs
Rolling Stone: The Great American Bubble Machine 1 of 5
