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Archive for September, 2008

This is really funny. It seems that capitalist United States is hoping that Communist China doesn’t act like a capitalist and unload U.S. government debt.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anZHfo6tQi60

Asia Needs Deal to Prevent Panic Selling of U.S. Debt, Yu Says

By Kevin Hamlin

Sept. 25 (Bloomberg) — Japan, China and other holders of U.S. government debt must quickly reach an agreement to prevent panic sales leading to a global financial collapse, said Yu Yongding, a former adviser to the Chinese central bank.

“We are in the same boat, we must cooperate,” Yu said in an interview in Beijing on Sept. 23. “If there’s no selling in a panicked way, then China willingly can continue to provide our financial support by continuing to hold U.S. assets.”

An agreement is needed so that no nation rushes to sell, “causing a collapse,” Yu said. Japan is the biggest owner of U.S. Treasury bills, holding $593 billion, and China is second with $519 billion. Asian countries together hold half of the $2.67 trillion total held by foreign nations.

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The financial bailout has been disapproved just recently, contrary to what the article which I have included will say. When a better one finally does get approved (assuming any bailout will be approved), it’s best to check out this article for the events which may occur.

http://www.naturalnews.com/024341.html

ANALYSIS and PREDICTIONS*:
* See financial disclaimer at the end of this article…

1. The financial bailout will be approved

Lawmakers are privately being warned that if they do not pass this bill, the entire global financial system will collapse. Publicly, they only say we “might have a recession,” but behind closed doors, they realize the whole system is at stake. That’s why a bailout bill will ultimately be approved.
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Look what Europe has to say about the financial crisis. Is China going to replace the U.S. as a major financial superpower?

http://www.reuters.com/article/newsOne/idUSTRE48O2L020080925

BERLIN (Reuters) – Germany blamed the United States on Thursday for spawning the global financial crisis with a blind drive for higher profits and said it would now have to accept greater market regulation and a loss of its financial superpower status.

In some of the toughest language since the crisis worsened earlier this month, German Finance Minister Peer Steinbrueck told parliament the financial turmoil would leave “deep marks” but was primarily an American problem.

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Stiglitz on the financial crisis.

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The following article is taken from a website which deeply criticizes the medical industry in the United States. If there is any website which will attempt to expose it in the internet, this website will certainly be one of the first. Make sure to check on their website too (www.naturalnews.com) for examples and for further reading.

http://www.naturalnews.com/024353.html

Why the Institutions of Western Finance and Western Medicine are Both Doomed to Fail

by Mike Adams (see all articles by this author)

(NaturalNews) Here at NaturalNews, we’ve been publicly predicting the fall of Western Medicine for nearly five years. During that time, we’ve also covered the increasingly precarious financial situation, warning readers in 2005 and 2006 about the impending housing bubble crash and the implications for the entire financial system.

In covering these two topics (western medicine and western finance), I’ve come to recognize many strong parallels between the two. This article explores the common threads of deception that characterize these two powerful institutions.

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I am not a Finance man, but the article below seems quite bad. Just fixing this seems to be a big problem, and other bankruptcies can occur anytime.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahwz_k5JvuB8&refer=worldwide

Sept. 29 (Bloomberg) — The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.

The Fed increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide. The Term Auction Facility, the Fed’s emergency loan program, will expand by $300 billion to $450 billion. The European Central Bank, the Bank of England and the Bank of Japan are among the participating authorities.

The Fed’s expansion of liquidity, the biggest since credit markets seized up last year, came hours before the U.S. House of Representatives rejected a $700 billion bailout for the financial industry. The crisis is reverberating through the global economy, causing stocks to plunge and forcing European governments to rescue four banks over the past two days alone.

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Just quick refresh on the ongoing turmoil in the financial markets. The DOW dropped 777 (auspicious?) points last night. Here’s how last night’s drop stacks up against history:

The prognosis? It might be too early to tell, but large scale collapses have been associated with investors “capitulating” or giving up on the market–which is often the turning point in any collapse.

From Investopedia:

In the stock market, capitulation is associated with “giving up” any previous gains in stock price as investors sell equities in an effort to get out of the market and into less risky investments. True capitulation involves extremely high volume and sharp declines. It usually is indicated by panic selling.  

Although as we can see from the above table, the DOW drop busted point records, but not percentage records. There still might be a long ways to go before people can be said to have really “given up”.

Bloomberg shares more of the situation here.

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http://en.wikipedia.org/wiki/Ekranoplan

An ekranoplan (Russian: экранопла́н, French: ecran screen + plan plane ) is a vehicle resembling an aircraft but which operates solely on the principle of ground effect (in Russian эффект экрана effekt ekrana – from which the name derived). Ground effect vehicles (GEV) fly above any flat surface, with the height above ground dependent upon the size of the vehicle. Ekranoplan design was conceived by revolutionary Soviet engineer Rostislav Alexeev.[1]

Monster Sightings

During the Cold War, ekranoplans were sighted for years on the Caspian Sea as huge, fast-moving objects. The name Caspian Sea Monster was given by US intelligence operatives who had spotted the huge vehicle, which looked like an airplane with the outer halves of the wings removed. After the end of the Cold War, the “monster” was revealed to be one of several Soviet military designs meant to fly only a few meters above water, saving energy and staying below enemy radar.

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You’ve heard of how snakes can eat something whole even if it is wider than their mouth. I haven’t chanced upon any videos on this, so I’ll give you the second best thing.

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