With aggressive marketing, Mexican banks offer credit cards to customers without asking any questions. But interest rates are notoriously high. An estimated three million people have fallen deep into credit card debts. Al Jazeera's Frank Contreras reports from Mexico City. Mexicans struggle...
Financial journalist and author Roger Lowenstein predicts the cause of the next widespread economic crunch as he excerpts his new book, Revelle Forum:...
It is beautiful kind of Blaberus fusca. There are quite a lot of fights, and it scrambles for ♀Female. Blaberus fusca...
Ron Paul to Fed. Reserve chairman Ben Bernanke: Ron Paul...
September 17, 2008 the most radical intervention in private business in the central banks history. The US government has seized control of insurance giant American International Group in an unprecedented $85 billion bailout. The Federal Reserve made the deal on Tuesday (September 2008) to save AIG from collapse in what the New York Times describes as the most radical intervention in private business in the central banks history. The move comes as a series of financial crises has altered the landscape of Wall Street. We speak with investment banker turned journalist, Nomi Prins, and Michael Hudson, president of the Institute for the Study of Long-Term Economic Trends. Excerpt... Nomi Prins, former investment banker turned journalist. She used to run the European analytics group at Bear Stearns and is now a senior fellow at Demos. She is the author of two books: Other Peoples Money: The Corporate Mugging of America and Jacked: How Conservatives Are Picking Your Pocket. Michael Hudson, President of the Institute for the Study of Long-Term Economic Trends, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and author of Super-Imperialism: The Economic Strategy of American Empire. He is the chief economic adviser to Rep. Dennis Kucinich. Government bailout, which means taxpayers stuck with the bill is the worst possible move, and it puts the class war back in business with a vengeance. Wall Street has been preparing for this for years, because every financial analyst knows that the debts cant be paid. And the question that Wall Street has, if youre going to take a gamble on bad debts that cant be paid, how are you going to come out a winner? And theres only one way of coming out a winner, and thats to make the government bail you out. This has been known for years, because its inherent almost in the mathematics of compound interest. Every banker I know knew that the loans they were making were going to go bad. They were trying to sell them to somebody else, ultimately expecting them to end up with some sovereign wealth fund. And now, you had at the beginning of the show, McCain saying that this is the result of fraud and incompetence. The government has now bailed them out. But by bailing them out—Wall Street was coming to terms with the bad debts. When Bear Stearns went under and when Lehman Brothers went under, this began to wipe away the bad debts. And when the debts exceed the ability to pay, theres only one thing any economy can do, and thats wipe them out. Instead, the government is trying to keep the fiction alive. And what Paulson did yesterday, in bailing out AIG, was to try to lock in whoever is the next president not only to further bailouts of Wall Street, ostensibly to protect the public money, but to make it impossible to write down the debts of the four million homeowners that are expected to default this year, impossible to write down the debts of companies that have issued junk bonds, impossible for the country to get rid of this excess of debts that cant be repaid. And youre having really a war now of creditors against debtors. And this is what Wall Street has been preparing for. It needed an emergency to do it. Its really not an emergency at all. This has been building up for many years. Everybody expected it. And breathlessly now, the Secretary of Treasury has done it. These are the people who sang, Theres no money for Social Security. Were going to have to privatize it. Were going to have to turn over your Social Security to Bear Stearns, to AIG—to the very people who have shown how theyre mismanaging money. Imagine if the Republican program had gone through and Social Security had been privatized and these were the jokers who were managing your Social Security. Theyd stick you with the losses. USA - Profit...
Monday, January 5th, 2009 Source link: http://www.msnbc.msn.com/id/21134540#28504728 Henry Kissinger discusses Israel's invasion of Gaza, endorses President-elect Barack Obama's cabinet selections and calls on Obama to create a New World Order out of the current state of global affairs. Or as he calls it, a Kissinger calls...
Thomas Jefferson If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, and give the earnings of fifteen of these to the government for their debts and daily expenses; And the sixteen being insufficient to afford us bread, we must live, as they do now, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account; But be glad to obtain subsistence by hiring ourselves to rivet their chains around the necks of our fellow sufferers; And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for a second, that second for a third, and so on 'til the bulk of society is reduced to mere automatons of misery, to have no sensibilities left but for sinning and suffering...and the forehorse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression. Alex Jones...
It is often said that the Gulf region is immune to the global financial crisis. This perception may be about to change as Dubai's boom starts to fizzle out. With debts of up to $80m, Dubai could be in need of some urgent financial help. Al Jazeera's Todd Baer reports. Dubai hit by...
Aljazeera re-aired Max's 2007 prediction of a collapse of the Icelandic economy. While the program aired in August 2007, it was filmed in April 2007. Watch for the scene in the Blue Lagoon in which Max predicts a global Depression to be caused when all these debts driven by low interest rates burst. Max Keiser:...
Riz Khan asks top economists what needs to be done in order to turn the global economy around. James Galbraith, the author of The Predator State argues that because Europe is lacking the proper structural institutions it will be left to the US to pull the world out of this crisis. Ann Pettifor, the author of The Coming First World Debt Crisis supports a Green New Deal programme and the restructuring of international debts so that failed economies are not excluded from the global stage. Peter Morici of the University of Maryland contends that additional bailouts and stimulus packages are useless without proper regulation. Riz Khan - Global...
See also 1 Dollar a Gallon- The real price of Gas http://www.youtube.com/watch?v=-ad0se6c0FM This is the single greatest threat to America. The official national debt figure, now approaching $9 trillion, reflects only what the federal government owes in current debts on money already borrowed. It does not reflect what the federal government has promised to pay millions of Americans in entitlement benefits down the road. Those future obligations put our real debt figure at roughly fifty trillion dollars- a staggering sum that is about as large as the total household net worth of the entire United States. Your share of this fifty trillion amounts to about $175,000. Don't believe for a second that we can grow our way out of the problem through a prosperous economy that yields higher future tax revenues. If present trends continue, by 2040 the entire federal budget will be consumed by Social Security and Medicare alone. The only options for balancing the budget would be cutting total federal spending by about 60%, or doubling federal taxes. To close the long-term entitlement gap, the U.S. economy would have to grow by double digits every year for the next 75 years. The answer to these critical financial realities is simple, but not easy: We must rethink the very role of government in our society. Anything less, any tinkering or Dollar in Danger-...
http://good.is/ In 2003 Donald Rumsfeld estimated a war with Iraq would cost $60 billion. Five years later, the cost of Iraq war operations is over 10 times that figure. So what's behind the ballooning dollar signs? Joseph E. Stiglitz and Linda J. Bilme's exhaustedly researched book, GOOD: The Hidden...
Julian has lived off with the money he lures from his rich female customers. But now he faces usurious debts from a hasty expansion of his business, and he will be killed unless he clears the debt in one month. The only way to save himself is to pretend to be the long-lost brother of an heiress and kill her to get her huge fortune. Love Me Not 15/15...
A man meets a woman in Paris... Down-on-his-luck petty criminal Andre (Jamel Debbouze) has reached the end of his rope. Irreversibly in debt to a local gangster, with no one to turn to, his only solution is to plunge himself into the Seine. Just as he is perched to do so, a fellow bridge-jumper beats him to the water. Diving in, he saves Angela (Rie Rasmussen), a beautiful, statuesque and mysterious woman. As they pull themselves out the water, the two form a bond and venture into the streets of Paris determined to get Andre out of the hole he has found himself in. As Andre will find out, not all debts are financial, and sometimes the solutions to life¹s problems are found in the unlikeliest of places. Is Angela simply repaying Andre for his kindness, or are there other forces at work beyond his comprehension? Angel-A Trailer
Riz Khan asks top economists what needs to be done in order to turn the global economy around. James Galbraith, the author of The Predator State argues that because Europe is lacking the proper structural institutions it will be left to the US to pull the world out of this crisis. Ann Pettifor, the author of The Coming First World Debt Crisis supports a Green New Deal programme and the restructuring of international debts so that failed economies are not excluded from the global stage. Peter Morici of the University of Maryland contends that additional bailouts and stimulus packages are useless without proper regulation. Riz Khan - Global...
Julian has lived off with the money he lures from his rich female customers. But now he faces usurious debts from a hasty expansion of his business, and he will be killed unless he clears the debt in one month. The only way to save himself is to pretend to be the long-lost brother of an heiress and kill her to get her huge fortune. Love Me Not 4/15...
Russias energy giant Gazprom says Ukraine is threatening to confiscate Russian gas passing through the country, refusing to guarantee supplies to Europe as Russia promises to stop gas supplies to Ukraine due to debts. Ukraine's...
Complete video at: http://fora.tv/2008/10/21/Geopolitical_Consequences_of_the_Credit_Crunch Harvard historian Niall Ferguson warns that the greatest danger of the current financial crisis could be the possible collapse of economic relations between China and America. ----- Professor and historian Niall Ferguson asks what the ramifications of the subprime crisis will be in the realm of grand strategy and politics. Is this an historical turning point, marking a decisive shift in financial power from West to East? Or are rumours of the death of the dollar and the decline of American empire exaggerated? - Hoover Institution Niall Ferguson, MA, D.Phil., is the Laurence A. Tisch Professor of History at Harvard University. He is a resident faculty member of the Minda de Gunzburg Center for European Studies. He is also a Senior Research Fellow of Jesus College, Oxford University, and a Senior Fellow of the Hoover Institution, Stanford University. China, the U.S....
Gold Ring Game of Enlightenment and Abundance: http://goldring.wetpaint.com GoldRing High Resolution DVD's now available at: http://www.premieres.com Higher Resolution versions of each segment of the Game of Enlightenment at: http://www.premieres.com/goldring The Enslavement of Humanity by the Black Alliance. Conquest through force, belief and economics. Freedom through choice - There is a Black Alliance that has subverted this truth. There is also a great new energy bringing every Sovereign Individual into to the game to play and win with every move. Each player, both the agents for the Black Alliance and the Sovereigns understand this is the time of transformation. This game has been predestined and everyone must play some part, there can be no refusal to play. In playing you win with every move and you break through the barriers of fear, powerlessness and despair. If you don't play and allow the Black Alliance to steal your moves you lose by defaulting your sovereign rights. http://www.blogtalkradio.com/rysa Economic...
Complete video at: http://fora.tv/2008/10/16/Naomi_Klein_Disaster_Capitalism Liberal journalist, author and filmmaker Naomi Klein criticizes the government's October 2008 Naomi Klein on...
Plantiff is suing for unpaid credit card debts. Defendant says he was given the card in his time of financial need. Judge Judy -...
As the holiday season comes to end, we are thankful for family and friends and all the blessings that make life worth living. But as we mark the beginning of a new year, we also know that America faces great and growing challenges—challenges that threaten our nations economy and our dreams for the future. Nearly two million Americans have lost their jobs this past year—and millions more are working harder in jobs that pay less and come with fewer benefits. For too many families, this new year brings new unease and uncertainty as bills pile up, debts continue to mount and parents worry that their children wont have the same opportunities they had. However we got here, the problems we face today are not Democratic problems or Republican problems. The dreams of putting a child through college, or staying in your home, or retiring with dignity and security know no boundaries of party or ideology. These are Americas problems, and we must come together as Americans to meet them with the urgency this moment demands. Economists from across the political spectrum agree that if we dont act swiftly and boldly, we could see a much deeper economic downturn that could lead to double digit unemployment and the American Dream slipping further and further out of reach. Thats why we need an American Recovery and Reinvestment Plan that not only creates jobs in the short-term but spurs economic growth and competitiveness in the long-term. And this plan must be designed in a new way—we cant just fall into the old Washington habit of throwing money at the problem. We must make strategic investments that will serve as a down payment on our long-term economic future. We must demand vigorous oversight and strict accountability for achieving results. And we must restore fiscal responsibility and make the tough choices so that as the economy recovers, the deficit starts to come down. That is how we will achieve the number one goal of my plan—which is to create three million new jobs, more than eighty percent of them in the private sector. To put people back to work today and reduce our dependence on foreign oil tomorrow, we will double renewable energy production and renovate public buildings to make them more energy efficient. To build a 21st century economy, we must engage contractors across the nation to create jobs rebuilding our crumbling roads, bridges, and schools. To save not only jobs, but money and lives, we will update and computerize our health care system to cut red tape, prevent medical mistakes, and help reduce health care costs by billions of dollars each year. To make America, and our children, a success in this new global economy, we will build 21st century classrooms, labs, and libraries. And to put more money into the pockets of hardworking families, we will provide direct tax relief to 95 percent of American workers. I look forward to meeting next week in Washington with leaders from both parties to discuss this plan. I am optimistic that if we come together to seek solutions that advance not the interests of any party, or the agenda of any one group, but the aspirations of all Americans, then we will meet the challenges of our time just as previous generations have met the challenges of theirs. There is no reason we cant do this. We are a people of boundless industry and ingenuity. We are innovators and entrepreneurs and have the most dedicated and productive workers in the world. And we have always triumphed in moments of trial by drawing on that great American spirit—that perseverance, determination and unyielding commitment to opportunity on which our nation was founded. And in this new year, let us resolve to do so once again. Thank you Obama's Radio...
Bruce Springsteen (Jungleland) live at Hammersmith Odeon, 1975 ............................ Jungleland by Bruce Springsteen The rangers had a homecoming in harlem late last night And the magic rat drove his sleek machine over the jersey state line Barefoot girl sitting on the hood of a dodge Drinking warm beer in the soft summer rain The rat pulls into town rolls up his pants Together they take a stab at romance and disappear down flamingo lane Well the maximum lawman run down flamingo chasing the rat and the barefoot Girl And the kids round here look just like shadows always quiet, holding hands From the churches to the jails tonight all is silence in the world As we take our stand Down in jungleland The midnight gangs assembled and picked a rendezvous for the night Theyll meet `neath that giant exxon sign that brings this fair city light Man theres an opera out on the turnpike Theres a ballet being fought out in the alley Until the local cops, cherry tops, rips this holy night The streets alive as secret debts are paid Contacts made, they vanished unseen Kids flash guitars just like switch-blades hustling for the record machine The hungry and the hunted explode into rock&roll bands That face off against each other out in the street... Down in jungleland In the parking lot the visionaries dress in the latest rage Inside the backstreet girls are dancing to the records that the d.j. plays Lonely-hearted lovers struggle in dark corners Desperate as the night moves on, In just a look and a whisper, and they're gone Beneath the city Two hearts beat Soul engines running through a night so tender In a bedroom locked In whispers of soft refusal and then surrender In the tunnels uptown The rats own dream guns him down as shots echo down them hallways in the Night No one watches when the ambulance pulls away Or as the girl shuts out the bedroom light Outside the streets on fire in a real death waltz Between flesh and whats fantasy and the poets down here Dont write nothing at all, they just stand back and let it all be And in the quick of the night they reach for their moment And try to make an honest stand but they wind up wounded, not even dead Tonight in jungleland Jungleland (LIVE)...
http://www.breakthematrix.com You can download this song for only .99 cents! Click here: http://www.payloadz.com/go/sip?id=518593 The Face of the Next Generation Executive Producer- Keith Baxter Producer - Claire Morrissey Director / Editor - Michelle Lynskey Director of Photography- Jeff Fry Additional Director of Photography - Patrice Cochet Sound / Music Editor - Kevin Crehan SONG - written and produced by Keith Baxter - recording engineer Tony Brock CAST - Mom - Claire Morrissey Daughter - Liana Morrissey Boy Moving Away - Declan Crehan Brothers - Liam Crehan - Nathan Morrissey Special Thanks - Jim Ryan / Tim Johnson / Jennifer Cardon Lyrics: This is my daughter, this is the face of the next generation She will be left to pay all of the debts of this once great nation She won't have everything I had and more The money's been spent on bailouts, graft and war Oh the crises are coming at a frightening speed The dollar's collapsing and the banks all need Another five trillion to balance their books on the back Of the next generation This is my daughter, born in the land of the free She'll never know the way this country was meant to be One place in the world where your life belonged to you Not a king, not a pope, not the state did you need kneel down to Oh the crises are coming at a frightening speed The dollar's collapsing and the banks all need Another five trillion to balance their books on the back Of the next generation Our country's dying from this fascist cancer More regulation is their only answer But freedom from Washington's the only chance for the next generation The constitution was the one thing due me McCain and Obama are you listening to me A slave of the state is the way you view me And the next generation This is my daughter, this is the face of the next generation The Face of the...

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