Feeds:
Posts
Comments

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.

(more…)

Read Full Post »

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.
(more…)

Read Full Post »

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.

(more…)

Read Full Post »

Stiglitz on the financial crisis.

Read Full Post »

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.

(more…)

Read Full Post »

Read Full Post »

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.

(more…)

Read Full Post »

Older Posts »

Follow

Get every new post delivered to your Inbox.

Join 119 other followers