World-News

http://www.commondreams.org/view/2008/10/13

The Politics of Smear Won't Work in the Middle of a Stockmarket Crash
http://www.commondreams.org/view/2008/10/13-5

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Why the Bailout Scam Is More Likely to Fail than to Succeed

By Ismael Hossein-zadeh

Instead of trying to salvage the threatened real assets or homes and save their owners from becoming homeless, the bailout scheme is trying to salvage the phony or fictitious assets of the Wall Street gambler and reward their sins by sending taxpayers' good money after gamblers bad money. It focuses on the wrong end of the problem.

http://www.informationclearinghouse.info/article20998.htm



Rescue for the Few, Debt Slavery for the Many

By MICHAEL HUDSON

We are now entering the financial End Time. Bailout "Plan A" (buy the junk mortgages) has failed, "Plan B" (buy ersatz stocks in the banks to recapitalize them without wiping out current mismanagers) is fizzling, and the debts still can't be paid. That is the reality Wall Street avoids confronting.

http://www.informationclearinghouse.info/article21004.htm



'Capitalism Has Degenerated into a Casino'

By Spiegel

Nobel Peace Prize laureate Muhammad Yunus says that greed has destroyed the world's financial system. SPIEGEL ONLINE spoke with him about the profit motive, social consciousness and what should be done to end the financial crisis.

http://www.informationclearinghouse.info/article20995.htm



Jim Rogers: CASH is King

6 Minute Video

"The way to solve this problem is let people go bankrupt...the people who are sound will take over the assets from the people who are unsound and we will start over".

http://www.informationclearinghouse.info/article20996.htm



America's Political Cannibalism

By Chris Hedges

It is no longer our economy but our democracy that is in peril. It was the economic meltdown of Yugoslavia that gave us Slobodan Milosevic. It was the collapse of the Weimar Republic that vomited up Adolf Hitler. And it was the breakdown in czarist Russia that opened the door for Vladimir Lenin and the Bolsheviks. Financial collapses lead to political extremism.

http://www.informationclearinghouse.info/article21002.htm



Trillions Disappear in Stock Market, but Where Did Money Go?

Robert Shiller, an economist at Yale, puts it bluntly: The notion that you lose a pile of money whenever the stock market tanks is a "fallacy." He says the price of a stock has never been the same thing as money - it's simply the "best guess" of what the stock is worth.

http://www.foxnews.com/story/0,2933,436435,00.html


From Information Clearing House



http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=stock+market
http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=capitalism
http://freepage.twoday.net/search?q=financial+crisis
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=Norman+Solomon
http://freepage.twoday.net/search?q=Gary+Younge
http://freepage.twoday.net/search?q=Ismael+Hossein-zadeh
http://freepage.twoday.net/search?q=Muhammad+Yunus
http://freepage.twoday.net/search?q=MICHAEL+HUDSON
http://freepage.twoday.net/search?q=Jim+Rogers
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