America’s Coup D’État in the Making "The largest financial theft in American history" This is a must listen Interview - - By Guns & Butter Despite reforms, Congress hides $3.5B in defense earmarks: A Seattle Times investigation released Sunday of the 2008 defense bill has found 155 hidden earmarks worth $3.5 billion. House members broke the new rules 110 times by not disclosing who was getting the favors. Crisis may make 1929 look a 'walk in the park': As central banks continue to splash their cash over the system, so far to little effect, Ambrose Evans-Pritchard argues that things risk spiralling out of their control Germany passes $675bn bank bailout: The plan, which was handed to the lower parliament after its approval on Monday by Germany's cabinet, was voted for under a fast-track procedure, with 476 politicians in favour, 99 against and one abstention. Nader: Tax Wall St. for bailout: "Make Wall Street pay for its own bailout, by implementing a securities speculation tax, starting with derivatives," Nader told a crowd of several hundred in front of the New York Stock Exchange in lower Manhattan. Housing Starts Hit 17-Year Low: Home construction took its third tumble in a row during September, falling to the lowest level in 17 years, and a sign points to further decline in the fourth quarter. On top of everything else: Manufacturing sector hits a wall: The manufacturing sector, reasonably strong until lately, is taking a severe tumble to recessionary levels as credit tightens, exports slow and domestic demand falls. Automaker Lays Off Detroit Office With Blog Post: Tesla notifies Detroit workers today they were laid off two days ago...today! In a sign of what this new Financiapocalypse might bring, employees in the Metro Detroit branch of electric car maker Tesla Motors were laid off via a blog post UK: 10,000 jobs go as crunch hits the public sector: Nearly 10,000 jobs are to be lost and up to 100 courts could close as budget cuts hit the public sector. European markets tumble as confidence collapses: Share prices in the UK plunged yet again yesterday, piling more misery on Britons saving for their pension, as world markets continued to come to terms with the prospect of a recession. Paulson regrets mistakes on economy: Treasury Secretary Henry Paulson on Thursday expressed regret for the many errors made that led to the biggest financial crisis in seven decades, but he insisted the administration is pursuing the correct course now to end the debacle.
Deception and Self-Deception
By Claes G. Ryn
People of great ambition who want to exercise the power being abdicated by Americans are trying to make us accept and even welcome the final disappearance of American constitutionalism and its culture of modesty and self-restraint. Continue
Economist Dr. Michael Hudson on Treasury Secretary Hank Paulson's "Plan" passed by Congress on October 3, 2008. We discuss what is being purchased, the congressional vote, what this means for the oligarchs, and what this means for the rest of us. Continue
Saturday, 18 October 2008
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