Thursday, 9 October 2008

"To the Bunkers!": 

Central banks slash rates in emergency "midnight" meeting 

By Mike Whitney
The United States is headed into another Great Depression and has probably dragged the rest of the world along with it. The global financial system will look very different by the time we reach the other end of the tunnel. Continue

Thousands of Troops Are Deployed on U.S. Streets

Ready to Carry Out "Crowd Control"

By Naomi Wolf

Members of Congress were told they could face martial law if they didn't pass the bailout bill. This will not be the last time. Continue


The Financial Crisis Could be the Euro's Death Knell ...

and even end the shambolic EU

By Christopher Booker

The truth is that this massive banking crisis has exposed the hollowness, the impotence and the hypocrisy of the European Union like nothing before in its history. Continue


Brazil, Argentina abandon US dollar: Brazil and Argentina have launched a new payment system in their bilateral trade, doing away with the US dollar as a medium of exchange.

IMF: World economy to slow sharply, led by US: "The world economy is now entering a major downturn in the face of the most dangerous shock in mature financial markets since the 1930s," the IMF said in its report.

Russian stock exchanges shut down until Friday as prices plummet: The RTS and MICEX stock exchanges halted trading until Friday after opening for barely more than half an hour on Wednesday as prices plummeted in tune with the overall situation in the world's stock markets and falling oil prices.