Why the US Bank Crisis is Not Over (tags)
There must always be a financial crash at some point. That is because interest-bearing debt grows exponentially, but the economy follows an S-curve and then turns down. And when the economy turns down... the magnitude of financial claims on the economy exceeds the ability to pay.
APRIL 25, LA EVENT FOR MUMIA: Saturday, April 25 at the Southern California Library for Social Studies and Research, 6120 S. Vermont, from 5-7 PM.
Dow Jones will hit 3,900 pts: end of stocks bubble (tags)
Dow Jones Industrial Average (DJIA) will fall below 4,000 pts by the end of 2009.
The deepening economic crisis.
Banks dictate conditions of US financial bailout (tags)
The 936 point rise on the US stock market yesterday was the American ruling elite’s initial verdict on the extraordinarily favorable terms the government is granting to financial firms in the $700 billion bailout passed by Congress on October 3. Far from heralding improving economic conditions for working people, the Wall Street surge reflects the financial establishment’s success in extorting massive sums of money from taxpayers.
Lee Sustar explains that the mayhem in the markets this week is symptomatic of a deeper crisis--and the leaders of the most powerful governments aren't sure what to do.
as traders jump
America, the Magical Kingdom (tags)
The government and the media together are trying to create for Americans the same fantasyland in America and abroad that Walt Disney created in his theme parks—and a lot of Americans are buying it.
BUSH: The Divine Warrior of Revelation 19 - WHO BUSH ANSWERS TO (tags)
George Bush actually believes this picture which is one of the reasons he does not take accountability for the intelligence failures of 9/11 , the W.M.D. intelligence debacle, the illegal 'outing' of a CIA case officer or the recent Iraqi prisoner abuse scandal.
Great Depression. George Bush vs Einstein on economic policy (tags)
According to the mathematician, Albert Einstein, the policies of George Bush are likely to result in another Great Depression. To quote a recurring quip, 'I know George Bush, and let me tell you, George Bush is no Albert Einstein.'