The Real Economy Is Dying

//www.lewrockwell.com/spl/real-economy-is-dying.html

--------

A Financial Revolution with Profound Political Implications

By Robert Fisk

The plan to de-dollarise the oil market, discussed both in public and in secret for at least two years and widely denied yesterday by the usual suspects - Saudi Arabia being, as expected, the first among them - reflects a growing resentment in the Middle East, Europe and in China at America's decades-long political as well as economic world dominance.

//www.informationclearinghouse.info/article23657.htm



"Dollar's Demise Will Be Felt Worldwide"

Video Interview With Gerald Celente

"There's a major financial crisis ahead. The United States, the world's superpower, is failing on its most basic level."

//www.informationclearinghouse.info/article23665.htm



Chaos at Cobo: Thousands stand in line for help paying bills

By Charlie LeDuff, George Hunter and Santiago Esparza

"This morning, I seen the curtain pulled back on the misery," he said. "People fighting over a line. People threatening to shoot each other. Is this what we've come to?"

//www.informationclearinghouse.info/article23662.htm



Health Care and the 'Predator State'

It is corporate power, not the government, that we need to worry about.

By Thomas Frank

In June 2008, I used this space to call on then-Sen. Barack Obama to add economist James K. Galbraith's book, "The Predator State," to his reading list. As an account of the capture of government by private interests.

//www.informationclearinghouse.info/article23664.htm



Prophets of doom see new bubbles

Two of the world's most influential investment gurus warned yesterday that financial markets were turning into "bubbles".

//snipurl.com/sdxin



Celente on dollar

America sinks with its gold
//www.informationclearinghouse.info/article23665.htm



China calls time on dollar hegemony

You can date the end of dollar hegemony from China's decision last month to sell its first batch of sovereign bonds in Chinese yuan to foreigners.

//snipurl.com/sdxj4



A Hidden $34 Billion Bank Subsidy?

Study Exposes How Taxpayers Are Subsidizing Bank of America, Citigroup, Wells Fargo and Other Large Banks.

//www.democracynow.org/2009/10/6/a_hidden_34_billion_bank_subsidy



California Hotel Foreclosures Triple in Travel Slump

Properties in default more than quadrupled to 259.
//www.bloomberg.com/apps/news?pid=20601087&sid=a5nTehuUgKfQ



Dropping Rents Will Drag House Prices Down with Them

This is good news for renters and bad news for landlords. It's also bad news for anyone who owns and would like to sell a house.

//snipurl.com/sdxji


From Information Clearing House



//freepage.twoday.net/search?q=Obama
//freepage.twoday.net/search?q=bubble
//freepage.twoday.net/search?q=financial+market
//freepage.twoday.net/search?q=foreclosure
//freepage.twoday.net/search?q=predator+state
//freepage.twoday.net/search?q=dollar+hegemony
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