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Date Sent: 2008-09-22
Freedom's Phoenix Headline News for Monday, September 22, 2008 |
Goldman Sachs, Morgan Stanley Converted to Commercial Banks -- Who/What Has Real Stock OWNERSHIP?
A Sense of Resentment Amid the 'For Sale' Signs -- Foreign Banks Hope Bailout Will Be Global -- Democrats want to limit executive pay -- U.S. generals planning for resource wars - perpetual war -- A.I.G., Me and "Uncle Sammy Krugger" -- As Congress rushes to back bailouts, a senator cries foul -- The Kondratieff Cycle: Real or Fabricated? -- Understanding the Crisis - by Llewellyn H. Rockwell, Jr. -- Treasury Proposes to Have Wall St. Manage Bad Debt -- We Have a Rogue Trader in the Secretary of Treasury Office ("he's gone native") -- Time to Move to Venezuela
See Sunday special edition put out about noon. No, you really need to read that edition too.
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News Link • Economy - Economics USA
Goldman Sachs, Morgan Stanley Converted to Commercial Banks
9-22-2008
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Washington Post
The Federal Reserve approved the conversion last night of the two remaining investment titans on Wall Street, Goldman Sachs and Morgan Stanley, into bank holding companies, offering them broader government protection in exchange for tighter regulatio
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
A Sense of Resentment Amid the 'For Sale' Signs
9-22-2008
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Washington Post
"I've been financially responsible with my own money. Why should I now be responsible for the fact that you were not?" he said. This may be a Main Street bailout backlash in the making. The details of the financial crisis are still hard
Read Full Story
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Reported by:
Powell Gammill
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News Link • Economy - International
Foreign Banks Hope Bailout Will Be Global
9-22-2008
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NY Times
Foreign banks, which were initially excluded from the plan, lobbied successfully over the weekend to be able to sell the toxic American mortgage debt owned by their American units to the Treasury, getting the same treatment as United States banks.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Democrats want to limit executive pay
9-22-2008
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Washington Post
Democratic leaders have broadly embraced the administration's proposal to spend up to $700 billion to take troubled assets off the books of faltering firms and are not questioning the need to give the Treasury Department expansive authority to ha
Read Full Story
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Reported by:
Powell Gammill
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News Link • Military
U.S. generals planning for resource wars - perpetual war
9-22-08
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IrishTimes.com/newspaper
The document reveals a number of profoundly significant - and worrying - strategic positions that have been adopted as official doctrine by the US military. In its preamble, it predicts a post cold war future of "perpetual warfare".
Read Full Story
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Reported by:
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News Link • Politics: General Activism
SlaveUprising.com
09-21-2008
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SlaveUprising.com
Two thousand years ago, a Roman Senator suggested that all slaves wear white armbands to better identify them. "No," said a wiser Senator. "If they see how many of them there are, they may revolt."
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Reported by:
Ernest Hancock
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News Link • Economy - Economics USA
As Congress rushes to back bailouts, a senator cries foul
09-21-2008
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By Halimah Abdullah
Bunning said earlier this week. "The only difference between what the Fed did and what Hugo Chavez is doing in Venezuela is Chavez doesn't put taxpayer dollars at risk when he takes over companies -- he just takes them."
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Economy - Economics USA
The Kondratieff Cycle: Real or Fabricated?
09-21-2008
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by Murray N. Rothbard
As economic theory developed and deepened, it became obvious that there was an inherent conflict between standard "micro-economic" theory, and factual observations of the business cycle.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Economy - Economics USA
Understanding the Crisis - by Llewellyn H. Rockwell, Jr.
09-21-2008
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Llewellyn H. Rockwell, Jr.
What caused this? It is a simple question, and yet answers are all over the map, as you might expect. Here's mine in two words: fiat money. The word fiat means: out of nothing. Money out of nothing is money that is eventually worth nothing.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Eugenics
"Manning's Fierce Prayer for Bristol Palin"
09-21-2008
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Atlah.org
(A black Internet Preacher defends Bristol Palin by trashing Obama's "trashy Momma" - After watching this then you might understand how the attack on Bristol Palin is likely to go away)
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Economy - Economics USA
Treasury Proposes to Have Wall St. Manage Bad Debt
09-21-2008
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CNBC
(You just can't make this stuff up) Wall Street is being called upon to manage its own mortgage mess. As part of the government bailout of the financial industry, the Treasury has floated a plan with industry executives that envisions the $700 b
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Reported by:
Jean Carbonneau
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News Link • Economy - Economics USA
We Have a Rogue Trader in the Secretary of Treasury Office ("he's gone native")
09-21-2008
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YouTube
The U.S. dollar used to be backed by gold. Today it is backed by bananas. Anyone buying dollars today will loose money. The average citizen will experience hyperinflation, destitute, poverty, and social unrest due to flagrant bank mismanagement says
Read Full Story
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Reported by:
Tom Westbrook
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News Link • Economy - Economics USA
Time to Move to Venezuela
This is a very interesting synopsis on the Global Money Supply. Look at the last graph -- who has the most gold to circulating currency ratio? Venezuela with 178% gold to currency. The total money supply in the U.S. is 13.8 trillion.
Read Full Story
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Reported by:
Tom Westbrook
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News Link • Economy - Economics USA
Lies From Paulson Keep Stacking Up: What You Can Do About It
09-21-2008
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Mish Shedlock
Inquiring minds may wish to consider a recap of things that have happened since Paulson made his "Our banking system is a safe and a sound one" speech.
Read Full Story
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Reported by:
Mike Shedlock
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News Link • Economy - Economics USA
Bail-out: Government Interference Caused Government Bailout
09-21-2008
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Nancy Morgan
The financial bailout has some pundits blaming capitalism. But, government interference and “political capitalists” are the real culprits. “Caution: Government at Work”.
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Reported by:
Randy Ricochet
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News Link • Federal Reserve
The unknown 20 trillion dollar company
9-21-08
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ming.tv/flemming2.php/
A greater consideration is just exactly who does the DTC hold these securities for? As the owner, who has the DTC pledged these securities to? Our research points to the Federal Reserve System, an international private banking cartel ...
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Reported by:
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News Link • Media: Internet
YouTube bans gun & knife videos in UK
9/21/2008
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Daily Newscaster
The Pentagon is so concerned about the free flow of information on the interenet and its complete inability to control it, the web is refered to as an “enemy weapons system.” Just who are they refering to as the “enemy?”
Read Full Story
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Reported by:
D. H. Williams
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News Link • Entertainment: Movies
'Watchmen' Battle Surrounds a Producer
09/20/2008
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The New York Times
A rapidly escalating legal fight between Warner Brothers, which has already shot “Watchmen,” and 20th Century Fox, which claims to own rights to the graphic novel on which it is based, is headed for trial in federal court in Los Angeles next January.
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Reported by:
Mike Renzulli
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News Link • Federal Reserve
The Unitary Federal Reserve - Crisis Choreography
9-20-08
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LondonBanker.blogspot.com
Arguably the actions of the Federal Reserve over the past year represent the largest state confiscation of wealth in the history of man, dispossessing currency investors, equity investors, bond investors and taxpayers of literally trillions of dollar
Read Full Story
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Reported by:
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News Link • Economy - Economics USA
Financial firms can now raid your brokerage account as they go BK
9-20-08
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financialsense.com
This represents unauthorized loans of your stock account assets. So next, if the conglomerate fails, your stock account is part of the bankruptcy process.
Read Full Story
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Reported by:
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News Link • Humor
Animator vs. Animation
by Alan Becker
9-20-2008
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Deviant Art
Very clever animation. But I suppose we all see what we will see. I see what happens to government when it fails to control an individual, and what happens when an individual chooses to reject their assigned fate.
Read Full Story
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Reported by:
Powell Gammill
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