World-News

Truthout, NewsWire: "Robert Fisk, writing on Tuesday for The Independent UK, has reported that a number of Arab states, along with several major world powers, have been holding secret meetings to formulate a plan that would eliminate the US dollar as the main form of currency in international oil transactions."

http://www.truthout.org/10060911

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UN Calls For New Reserve Currency

By AFP

The United Nations called on Tuesday for a new global reserve currency to end dollar supremacy which has allowed the United States the "privilege" of building a huge trade deficit.

http://www.informationclearinghouse.info/article23655.htm

 

The Demise of the Dollar

By Robert Fisk

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading.

http://www.informationclearinghouse.info/article23648.htm

 

Ditching the Dollar

An Interview With Robert Fisk

Al Jazeera has this exclusive interview with Robert Fisk and Steven King, chief economist from the HSBC Group.

http://www.informationclearinghouse.info/article23649.htm

 

Dollar Hysteria

By Mike Whitney

Yes, the dollar will fall, (eventually) but not for the reasons that most people think.

http://www.informationclearinghouse.info/article23647.htm

 

http://freepage.twoday.net/search?q=dump+Dollar
http://freepage.twoday.net/search?q=ditch+Dollar
http://freepage.twoday.net/search?q=trade+deficit
http://freepage.twoday.net/search?q=reserve+currency
http://freepage.twoday.net/search?q=oil+currency
http://freepage.twoday.net/search?q=Robert+Fisk
http://freepage.twoday.net/search?q=Mike+Whitney

http://www.lewrockwell.com/douglas/douglas26.1.html



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http://freepage.twoday.net/search?q=/douglas

http://www.lewrockwell.com/paul/paul591.html



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http://freepage.twoday.net/search?q=com/paul

http://www.lewrockwell.com/north/north764.html



http://freepage.twoday.net/search?q=com/north

Future of Freedom Foundation
by Andy Worthington

10/05/09

I like to believe that, despite studying Guantanamo for four years, I still have a sense of humor, but last Thursday I lost it, after 258 members of the House of Representatives (including 88 members of President Obama’s own party) voted for an idiotic, paranoid, and unjust motion proposed by Rep. Hal Rogers (R-Ken.), which was designed to ‘prohibit the transfer of GITMO prisoners, period’ (those were his exact words). Just 163 Representatives voted against the motion, which, as JURIST described it, also supports ‘adding Guantanamo detainees to the federal ‘no fly’ list, and adopting Senate language forbidding the release of photos showing detainee abuse’...

http://www.fff.org/comment/com0910b.asp


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Cheney
http://freepage.twoday.net/search?q=Guantanamo
http://freepage.twoday.net/search?q=detainee
http://freepage.twoday.net/search?q=abuse
http://freepage.twoday.net/search?q=Andy+Worthington

AntiWar.Com
by Kelley B. Vlahos

10/06/09

The Democrats want to change the name of the PATRIOT Act to the JUSTICE Act. That’s the easy part — exchanging one Orwellian branding for another — much like earlier this year, when the new Obama administration insisted the government wasn’t waging a Global War on Terrorism, but an ‘Overseas Contingency Operation.’ Save for the name, there hasn’t been one major transformation in the way the federal government is executing the Long War (the recent helicopter gunship execution of a suspected al-Qaeda terrorist in Somalia in September was completely in step with the old GWOT). And seeing how key Democrats are slowly caving on some of the most promising reforms to the PATRIOT Act in three years, it’s becoming clear the JUSTICE Act won’t be much of a metamorphosis, either...

http://tinyurl.com/ybekngr


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Somalia
http://freepage.twoday.net/search?q=Global+War+on+Terror
http://freepage.twoday.net/search?q=GWOT
http://freepage.twoday.net/search?q=Overseas+Contingency+Operation
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http://freepage.twoday.net/search?q=al-Qaeda
http://freepage.twoday.net/search?q=Kelley+B.+Vlahos

Goldman to be paid $1bn if CIT fails

The payment stems from the structure of a $3bn rescue finance package that Goldman extended to CIT on June 6 2008, about five months before the Treasury bought $2.3bn in CIT preferred shares to prop it up at the height of the crisis. The potential loss for taxpayers would be the biggest to crystalise so far from the government's capital injection plan for banks.

http://snipurl.com/scg8r



Report on Bailouts Says Treasury Misled Public

The inspector general who oversees the government's bailout of the banking system is criticizing the Treasury Department for some misleading public statements last fall and raising the possibility that it had unfairly disbursed money to the biggest banks.

http://snipurl.com/scg90



IG Report Finds Paulsen, Bernanke Misled Public on Bank Rescues

Report says then-Treasury Secretary Henry Paulson and other officials were wrong to contend that all nine banks receiving the first round of bailout support -- $125 billion -- were sound.

http://snipurl.com/scg96



Firms are getting billions, but homeowners still in trouble

The federal government is engaged in a massive mortgage modification program that's on track to send billions in tax dollars to many of the very companies that judges or regulators have cited in recent years for abusive mortgage practices.

http://www.mcclatchydc.com/227/story/76418.html



America is suffering a permanent destruction of jobs

Since the nadir of the last recession in November 2001, the U.S. has lost 839,000 jobs in the private sector, based on data from the Bureau of Labor Statistics -- the first time that's happened over the course of a business cycle since 1980-82. Manufacturing and construction were particularly hard hit.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aDx_Srx0Sv8Q


From Information Clearing House



http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=Treasury
http://freepage.twoday.net/search?q=banking+system
http://freepage.twoday.net/search?q=Paulsen
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http://freepage.twoday.net/search?q=homeowner
http://freepage.twoday.net/search?q=job+loss

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

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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.

http://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."

http://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?"

http://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.

http://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".

http://snipurl.com/sdxin



Celente on dollar

America sinks with its gold
http://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.

http://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.

http://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.
http://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.

http://snipurl.com/sdxji


From Information Clearing House



http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=bubble
http://freepage.twoday.net/search?q=financial+market
http://freepage.twoday.net/search?q=foreclosure
http://freepage.twoday.net/search?q=predator+state
http://freepage.twoday.net/search?q=dollar+hegemony
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By Mike Whitney

Corporations are finding it harder to roll over their debt, bank loans are defaulting at a historic pace, and commercial real estate is imploding. Credit destruction is unprecedented, massive and ongoing. The capital hole is bigger than the Fed and bigger than the Treasury. It can't be plugged with liquidity alone.

http://www.informationclearinghouse.info/article23639.htm



Follow the Money

Cure Millions of Leprosy -- or Just Give Hank Paulson a Tax Break?

By Matt Bivens

There are many possible responses to the news that we have committed more than four trillion public dollars to Wall Street. Mine is a roar of admiration. Four trillion dollars! H... h...! I didn't even know that was possible! U.S.A.! U.S.A.!

http://www.informationclearinghouse.info/article23638.htm



What Recession?

As the Economy Crashed Around Them, 400 Richest Americans Lined Their Pockets with $30 Billion

By Les Leopold

It's great to know that during the worst economic crisis since the Great Depression, the wealth of the 400 richest Americans, according to Forbes, actually increased by $30 billion.

http://www.informationclearinghouse.info/article23641.htm



http://freepage.twoday.net/search?q=Bernanke
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