Last Updated: Tuesday, October 28, 2008 19:23 GMT Russia to continue arms sales to Iran Financial Cycle and the Coming Collapse The Government’s Actions Are Making the Financial Crisis Worse Meet the World’s New Currency: the Chinese Yuan In Trying to Stop the Inevitable Deleveraging Process, the Government is Only Making It Worse
Pentagon Advisors Warn Of Coming International Crisis
The chairman of a key Pentagon advisory panel has echoed recent claims by both Joe Biden and Colin Powell, warning that the next administration will face an international crisis within months of taking office.
Russian President Dmitry Medvedev says US sanctions will not stop Russia’s state arms trader from selling defensive weapons to Iran.
• US under fire for deadly raid on Syria
No one really knows the future of the world’s economy. However, the Viennese investor Walter Eichelburg had an inkling during past years. In the beginning of 2007, he predicted the collapse of Fannie Mae and Freddie Mac during an interview with The Epoch Times.
• UCLA Economists: Government Intervention Prolonged Great Depression
• Spending the Economy into Oblivion
• Inflation, Deflation or New Nation?
• Bank: crisis has cost estimated £1.8 trillion
• IMF Can Print Money Like a Central Bank
• Market Has Fallen Steadily Since Bailout Bill
The government’s previous actions lead to the current financial crisis. Moreover, the government’s current actions are actually making things worse.
• Consumers gloomiest ever as home prices plunge
Things are getting worse. Since September, $16 trillion has been erased from global stock market value. Losses in the US–where the financial turmoil originated–have been much smaller than other, more vulnerable markets.
The process of deleveraging cannot be stopped, but the government is trying to stop it anyway. Instead of allowing an orderly deleveraging process, the government is actually trying to prop up the leverage.
Tuesday, 28 October 2008
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