US's Road to Recovery Runs Through Beijing
By Francesco Sisci and David P Goldman
For the past decade, poor people in the developing world have financed the consumption of rich people in America. America has borrowed nearly $1 trillion a year, mostly from the developing world, and used these funds to import consumer goods and buy homes at low interest rates. The result is a solvency crisis of the American household, which shows up as a solvency crisis for financial institutions.
http://www.informationclearinghouse.info/article21246.htm
The G-20 Washout
By Mike Whitney
The financial crisis is being used by Wall Street big-wigs to restructure the economy and create a permanent class of working poor.
http://www.informationclearinghouse.info/article21252.htm
The G-20 Economic Summit Won't Change the "Financial Crime Scene"
By Richard C. Cook
I worked in the U.S. Treasury Department for 21 years and learned first-hand the history and operations of public finance in the U.S. I have seen the disastrous results of the debt-based financial system and how it has driven our nation, government, and people into bankruptcy. I have also seen how these simple measures of monetary reform would be easy to implement and would begin to turn the situation around within weeks or months.
http://www.informationclearinghouse.info/article21250.htm
http://freepage.twoday.net/search?q=financial+crisis
http://freepage.twoday.net/search?q=financial+system
http://freepage.twoday.net/search?q=bankruptcy
http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=Treasury+Department
http://freepage.twoday.net/search?q=working+poor
http://freepage.twoday.net/search?q=Mike+Whitney
http://freepage.twoday.net/search?q=Richard+C.+Cook
For the past decade, poor people in the developing world have financed the consumption of rich people in America. America has borrowed nearly $1 trillion a year, mostly from the developing world, and used these funds to import consumer goods and buy homes at low interest rates. The result is a solvency crisis of the American household, which shows up as a solvency crisis for financial institutions.
http://www.informationclearinghouse.info/article21246.htm
The G-20 Washout
By Mike Whitney
The financial crisis is being used by Wall Street big-wigs to restructure the economy and create a permanent class of working poor.
http://www.informationclearinghouse.info/article21252.htm
The G-20 Economic Summit Won't Change the "Financial Crime Scene"
By Richard C. Cook
I worked in the U.S. Treasury Department for 21 years and learned first-hand the history and operations of public finance in the U.S. I have seen the disastrous results of the debt-based financial system and how it has driven our nation, government, and people into bankruptcy. I have also seen how these simple measures of monetary reform would be easy to implement and would begin to turn the situation around within weeks or months.
http://www.informationclearinghouse.info/article21250.htm
http://freepage.twoday.net/search?q=financial+crisis
http://freepage.twoday.net/search?q=financial+system
http://freepage.twoday.net/search?q=bankruptcy
http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=Treasury+Department
http://freepage.twoday.net/search?q=working+poor
http://freepage.twoday.net/search?q=Mike+Whitney
http://freepage.twoday.net/search?q=Richard+C.+Cook
rudkla - 18. Nov, 05:59
