Down For The Count: "The whole system is contracting"
By Mike Whitney
The US Treasury and Federal Reserve are now underwriting the entire financial system. The free market has been abandoned altogether. Everything from commercial paper to money markets is now backed by the "full faith and credit of the United States".
http://www.informationclearinghouse.info/article21087.htm
Meet the World's New Reserve Currency: The Chinese Yuan
By Mike Whitney
Things are getting worse. On Friday morning, futures trading was halted for the first time ever after futures plunged more than 5 percent. The sell-off came after another 500-plus down day on the Dow followed by steep declines in equities markets across Europe and Asia.
http://www.informationclearinghouse.info/article21090.htm
http://freepage.twoday.net/search?q=US+Treasury
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=financial+system
http://freepage.twoday.net/search?q=money+market
http://freepage.twoday.net/search?q=Mike+Whitney
The US Treasury and Federal Reserve are now underwriting the entire financial system. The free market has been abandoned altogether. Everything from commercial paper to money markets is now backed by the "full faith and credit of the United States".
http://www.informationclearinghouse.info/article21087.htm
Meet the World's New Reserve Currency: The Chinese Yuan
By Mike Whitney
Things are getting worse. On Friday morning, futures trading was halted for the first time ever after futures plunged more than 5 percent. The sell-off came after another 500-plus down day on the Dow followed by steep declines in equities markets across Europe and Asia.
http://www.informationclearinghouse.info/article21090.htm
http://freepage.twoday.net/search?q=US+Treasury
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=financial+system
http://freepage.twoday.net/search?q=money+market
http://freepage.twoday.net/search?q=Mike+Whitney
rudkla - 25. Okt, 22:17
