USA Has Two Options To Save its Economy: We're on The Verge Of A Major Crisis : Ron Paul Barack Obama and the Altar of Greed In Israel, recession pressures boil over into looting: The two-day spree shocked and puzzled Israelis, who assume that the rule of law prevails in their society. Yet this and other recent cases of looting have coincided with news that the economy, flattened late last year after half a decade of enviable growth, had slid into recession. Sarkozy under pressure as 'millions' take to streets: As many as three million people took to the streets across France today to protest against President Nicolas Sarkozy's handling of the economic crisis and demand more help for struggling workers. Rapid Declines in Manufacturing Spread Global Anxiety: That manufacturing is in decline is hardly surprising, but the depth and speed of the plunge are striking and, most worrisome for economists, a self-reinforcing trend not unlike the cascading bust that led to the Great Depression At Failed Firms, No Bad Deed Goes Unrewarded: "Banks get bailed out and people get sold out!" yelled janitors, hotel workers, security workers and others pounding on makeshift drums outside a Wells Fargo bank in San Francisco. Mortgage Rates May Fall to WWII Low on Fed Purchases : U.S. mortgage rates may fall to the lowest since World War II on the Federal Reserve’s plan to buy up to $300 billion of Treasuries and increase purchases of mortgage-backed bonds. Fed to Buy Treasurys is Not a Good Sign: Stephen Roach, chairman for Asia at Morgan Stanley does not view the Fed's plan to buy $300 billion worth of long-dated government debt as a constructive sign for prospects going forward. He explains why to CNBC's Amanda Drury. U.S. unemployment rate likely around 9.5 percent: think tank: The U.S. unemployment rate was probably around 9.5 percent, comparable to the jobless rate in 1982 if adjustments were made to factor in demographic changes and undercounting, a think tank said on Thursday. Consumer prices rise 0.4 percent in February: U.S. consumer prices rose in February by the largest amount in seven months as gasoline prices surged again and clothing costs jumped the most in nearly two decades
Declare Default or Trigger War
By Ekaterina Yevstigneyeva
According to experts’ estimates, the probability of default on US treasury bonds is very high at the moment. The rumors are not new at all. Moreover, experts say that the USA has already started to work on an opportunity to refuse from the dollar in order to avoid debt payments.Continue
Video
Ron Paul discusses the AIG bonus controversy. Continue
By David Michael Green
Barack Obama is dumber than a bag of hammers. Continue
Saturday, 21 March 2009
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