Economy

August 8th, 2010

(GlobalResearch) – Obama Economic Team Bails as System Fails – Danny Schechter – Read More Here

(LondonTel) – The Death of Paper Money – Read More Here

(FinancialTimes) – IMF blueprint for a global currency – yes really

We’ll cut to the chase and draw readers’ attention to the final bubble in the following chart, found on page 4:

Which means, in the eyes of the IMF at least, the best way to ensure the stability of the international monetary system (post crisis) is actually by launching a global currency. Read More Here

(Cryptogon) – Software for Pentagon Costs Americans Tens of Billions of Dollars Per Year, Winds Up Being Owned by Corporations – Read More Here

(Bloomberg) – China Tells Banks to Stress Test for 60% Home-Price Drop – Read More Here

(Cryptogon) – Criminal Demand For High Denomination Euro Banknotes Saving Eurozone

Gangsters, drug dealers and money launderers appear to be playing their part in helping shore up the financial stability of the euro zone. Read More Here

(PressTV) – Sanctions prelude to extinction of dollar

Iran’s President Mahmoud Ahmadinejad insists that the anti-Iran sanctions will serve as a stepping stone to eradicate the domination of the US dollar in world markets. Read More Here

(IsraelFinancialExpert) – Guest Post: Reflections on Australia’s Housing Bubble – Read More Here

(DocZero) – The Value of a Volt – How much is a new Chevy Volt electric car worth? – Read More Here

(LATimes) – New home sale fee unites divergent groups in opposition

Foes want the Obama administration to ban a 1% ‘private transfer’ charge — assessed every time a property is sold for 99 years — paid to investors who backed the home’s original builder. Read More Here

(NPR) – Stockman: Bush Tax Cuts Will Make U.S. Bankrupt

As director of the Office of Management and Budget under Ronald Reagan, David Stockman knows a thing or two about trying to balance the national budget. And he’s convinced that Reagan would never support extending the Bush tax cuts of today. Stockman, who still considers himself a staunch conservative and a staunch Republican, tells host Guy Raz why he thinks extending those tax cuts would be akin to a bankruptcy filing by Congress and the White House. Read More Here

(LondonTelegraph) – The billionaire boys: Beware of geeks bearing gifts – Read More Here

(Guardian) – Commodity prices soar as spectre of food inflation is back – Read More Here

(Reuters) – An August Surprise from Obama?

Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans who owe more than what their homes are worth. Read More Here

REPOST - (InflationUS) – Video: The Dollar Bubble

The Dollar Bubble is the most informative and comprehensive documentary ever produced on the federal reserves destructive monetary policies and the upcoming collapse of the US Dollar. Features Peter Schiff, Ron Paul, Marc Faber, Gerald Celente, Jim Rogers, and others. Sequel to the critically acclaimed documentary “Hyper Inflation Nation” –

Part 1 of 3
[youtube=http://www.youtube.com/watch?v=FsVu20vZgDc&feature=player_embedded]

Part 2 of 3
[youtube=http://www.youtube.com/watch?v=asAWg9btfd4&feature=player_embedded]

Part 3 of 3
[youtube=http://www.youtube.com/watch?v=2PTpnutPqD8&feature=player_embedded]

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