Economy

August 26th, 2010

(ConspRealityTV) – Film: Money As Debt II – How Modern Banking Has Enslaved Us All – The Money Conspiracy Exposed – Video Link Here

(WallStreetWarZone) – “Wall Street Psycho:” 15 Signs of Moral & Ethical Pathology, Soul-Sickness. – Read More Here

(LarouchePac) – Brawls at the Fed, as the System Comes Down

A senior Washington intelligence source reported this morning that a serious fight has erupted inside the Federal Reserve over hyperinflation, and that people close to the Fed are going to be leaking details, which means the fight will intensify and become more public. Read More Here

(DailyMail) – Rich no more: 700,000 wealthy people wiped out by the credit crunch – Read More Here

(Bloomberg) – Fed Seeks Delay of Bank Data Release While Considering Appeal – Read More Here

(HuffingtonPost) – Third World America: ‘Fast-Tracking to Anarchy’ – Read More Here

(AlterNet) – Treasury Makes Shocking Admission: Program for Struggling Homeowners Just a Ploy to Enrich Big Banks Read More Here

(MyFoxPhily) – Video: Philly Mayor Defends Tax on Bloggers – Video Link Here

(WallStreetCheatSheet) – America’s Debt: The BIG Wave

This morning credit rating agency Standard & Poor’s (MHP) said in order for the US to keep its AAA-rating, it is “very important” for Congress to deal with the cascading US Debt. China’s largest credit rating agency Dagong Global Credit Rating Co. was less diplomatic: they simply downgraded the US credit rating to AA. Read More Here

REPOST - (TarpleyNet) – Video: China Buys Euros as Fear of World Depression Grows – Read More Here

(CharlieVLog) – Video: G R I D L O C K as Rome Burns – View Video Here

(WSWS) – The Jungle in 2010

In 1906, socialist author Upton Sinclair published The Jungle, a powerful exposé of the brutal conditions confronting immigrant workers in Chicago’s stockyards, the filth in which meat for the American table was processed, and the corruption and greed of the meatpacking tycoons. Read More Here

(WND) – This is why there are no jobs in America – Read More Here

(SW) – Doors close on a Harlem hospital

The closing means that 1,000 employees, most of them Harlem residents–including 900 members of 1199SEIU, the big health care workers union–have lost their jobs. Health care services for the community will deteriorate further, as other area hospitals are forced to bear additional burdens–such as 36,000 more emergency room admissions per year–with no additional resources. Read More Here

(HuffintonPost) – Why America’s Economy Is on the Brink of Going Down the Tubes … for Good

Concern about a possible “double dip” recession have the hands of corporate CFO’s and Washington officials hovering over the panic button again, mere months after the last push. Read More Here

(CNBC) – Economy Like a ‘Drunk That Keeps Drinking’: Langone

The struggling U.S. economy, held up by “artificial” stimulus, is not unlike a “drunk that keeps drinking,” Ken Langone, former director of the New York Stock Exchange and co-founder of Fieldpoint Private Bank and Trust told CNBC Tuesday.

“We have not begun to take the cure,” Langone said. “We should have taken the cure a couple years ago…we’ve prolonged it by the stimulus packages.” Read More Here

(TheAtlantic) – Home Prices May Drop Another 25% – Read More Here

(Investors) – Consumers Dropping Pay TV Services

The number of subscribers to cable, satellite and telecom TV services in the U.S. fell for the first time ever in the second quarter, according to research firm SNL Kagan. Read More Here

(Telegraph) – Hard-nosed Fed sends global markets reeling

The global bond markets and the twin havens of the yen and Swiss franc have been flashing warning signs for weeks, tracking leading indicators as they topple like dominoes. They always sniff trouble first. Read More Here

(Bloomberg) – Morgan Stanley Says Government Defaults Inevitable – Read More Here

(SchiffReport) – Video: Housing, economy, yen, WSJ article – Peter Schiff –

[youtube=http://www.youtube.com/watch?v=kmJRQB90Rlo]

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