World-News

By Niall Ferguson

US government debt is a safe haven the way Pearl Harbor was a safe haven in 1941.
http://www.informationclearinghouse.info/article24650.htm



The End of Influence: What Happens When Other Countries Have America's Money

By Stephen S. Cohen and J. Bradford DeLong

America's leading role in the international economy is waning as other world powers find themselves holding onto trillions in U.S. debt.

http://www.informationclearinghouse.info/article24653.htm



The New Junk Economics: From Democracy to Neoliberal Oligarchy

Audio Interview With Dr. Michael Hudson

We discuss the Federal Reserve; money as debt; Fed Chairman Ben Bernanke's misconception of the causes of the great depression of the 1930's; classical political economy versus anti-classical, so-called "neoclassical", economics; the labor theory of value; the dollar carry trade; government deficit spending; Greece.

http://www.informationclearinghouse.info/article24654.htm



You Think Greece Has Problems?

Latvia's Road to Serfdom

By Prof Michael Hudson and Prof. Jeff Summers

It is indeed time to start worrying about whether the Baltics may be a dress rehearsal for what we are about to see in the United States.

http://www.informationclearinghouse.info/article24688.htm



Goldman Sachs: the Greek connection

Goldman Sachs, the giant investment bank, is today at the centre of the row over the Greek government's finances, amid recriminations over complex financial deals that allowed the eurozone nation to skirt its debt limits.

http://snipurl.com/udn6s



Goldman Goes Rogue - Special European Audit To Follow

We learn - from Der Spiegel last week and today's NYT - that Goldman Sachs has not only helped or encouraged some European governments to hide a large part of their debts, but it also endeavored to do so for Greece as recently as last November.

http://snipurl.com/udn71



Commercial Real Estate Losses Could Hit $300 Billion

Losses from defaults on commercial real estate loans maturing in the next few years could go as high as $300 billion, threatening to topple nearly 3,000 community banks nationwide, a federal watchdog group has concluded.

http://snipurl.com/udn7e



US banks facing $1.4tn crisis over commercial property loans

America's fragile high street banks are bracing themselves for a fresh financial crunch as a wave of commercial property mortgages go sour on offices, shops and factories, causing losses of up to $300bn (£192bn) hitting nearly 3,000 small- and medium-sized financial institutions.

http://www.guardian.co.uk/business/2010/feb/11/banks-crisis-commercial-property-loans

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Michael Hudson discusses the 'neoliberal oligarchy' the U.S. has become
http://www.ufppc.org/us-a-world-news-mainmenu-35/9411/

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Speculators Playing with Debt

C.M., L'Humanite: "How speculators make their profits and accumulate fortunes on the backs of the Greek people. An invention of the financial witch-doctors, the CDS, or "credit default swap" finds its origin in insurance policies on loans, guaranteeing them against default of reimbursement by a state or an enterprise. They have now become the fatted calves for Anglo-American speculative hedge funds."

http://www.truthout.org/speculators-playing-with-debt56940

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Are US Taxpayers Bailing Out Greece?
http://list.lewrockwell.com/t/1830297/12759198/112380/0/



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