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Date Sent: 2008-10-10
Freedom's Phoenix Headline News for Friday, October 10, 2008 |
Dow plunges 7% in last hour; below 9,000! -- Libor Holds Central Banks Hostage; Credit Freezes
Girl arrested for exploiting herself -- ABC Lying About NSA - by David Swanson -- What if the entire US banking system is worthless? -- States Illegally Purging Voter Rolls Based On Unreliable SSN Database -- Naomi Wolf goes to Aljazeera to get coverage on the rise of Fascism in America -- Looming Lehman $400 Billion Credit Default Swap -- GM shares drop to 58-year low -- Inside Account of US Eavesdropping on Americans -- Oil prices plummet -- The rival to the Bible -- New World Order is the Endgame, says Glen Beck -- Thousands of Troops Deployed on US Streets for "Crowd Control" -- Paulson 'actively' eyes US taxpayer bank investment -- Hurricane headed to Southwest US!? -- Girl Texts Boy Her Naked Photo, Boy Gets Arrested -- Zero Dollar Bill -- Iceland bankrupt -- Libor Dollar Rate Jumps to Highest in Year -- Dow Jones Chart for past 12 months -- Fear Trumps Greed as Market Woes Paralyze Economies -- NATO Mulls Expanding Its Drug Role In Afghanistan -- Illegal voter purges in 6 states? -- Compelled To Vote? Why? - by Christine Smith -- NRA endorses McCain
Antiwar Radio: Joseph Cirincione and Jacob Hornberger on the Scott Horton Show
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News Link • Criminal Justice System
Girl arrested for exploiting herself
10-10-2008
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Classically Liberal
In Newark, Ohio a 15-year-old girl has been arrested by police on charges of child pornography. Both the girl and her victim have not been identified but they are one in same person. Yes, police arrested the girl for sexually exploiting herself
Read Full Story
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Reported by:
Powell Gammill
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Feature Article • Privacy Rights
ABC Lying About NSA
by David Swanson
Powell Gammill
On Thursday, ABC News reported a big new break in the story of illegal and unconstitutional spying that our government has engaged in for years now, except that there was nothing new in the story and the important parts were left out.
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News Link • Federal Reserve
The Yom Kippur Massacre - What if the entire U.S. banking system is worth zero?
10-10-08
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OptionArmageddon.ml-implode.com
The Dow is off 40% from its high, reached October 11th, 2007. The S&P is off 43% from its high. The Russell 2000 index of small stocks, which had outperformed the broader averages for so long is off 42% from its high and 34% in the last two weeks!
Read Full Story
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Reported by:
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News Link • Voting and Elections
States Illegally Purging Voter Rolls Based On Unreliable SSN Database
10-09-2008
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Papers Please
The Social Security database continues to be inaccurate yet widely used for identification and voter roles verification. Just as voting machines were the major issue that came out of the 2000 election & provisional ballots were the big issue in 2004,
Read Full Story
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Reported by:
Terry Bressi
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News Link • Iran
Nuclear Aid by Russian To Iranians Suspected
10-09-2008
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New York Times
International nuclear inspectors are investigating whether a Russian scientist helped Iran conduct complex experiments on how to detonate a nuclear weapon, according to European and American officials. As part of the investigation, inspectors at IAE
Read Full Story
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Reported by:
Jean Carbonneau
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News Link • Economy - Economics USA
Bush Plans Statement Tomorrow to 'Assure' Nation on the Stock Market Plunge
10-10-08
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Bloomberg.com
The president wants to ``assure'' the country that Treasury Secretary Henry Paulson and other administration officials are making ``every effort to stabilize our financial system,'' Perino said.
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Reported by:
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News Link • Philosophy: Fascism
Naomi Wolf goes to Aljazeera to get coverage on the rise of Fascism in America
10-10-08
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Youtube.com
In this interview on Aljazeera, Naomi Wolf outlines how a coup is taking place here in the U.S. as we head toward the 2008 election. She makes her case that we no longer live in a republic, but have shifted into a police state. Time is running out
Read Full Story
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Reported by:
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News Link • Economy - International
Japan: Nikkei Exchange plunges 995 points - worst week on record
10-10-08
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Bloomberg.com
Asian stocks fell, with the region's benchmark index headed for its worst week on record as a credit freeze deepened, worsening the outlook for the global economy.
Read Full Story
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Reported by:
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News Link • Economy - Economics USA
Friday: The Looming Lehman $400 Billion Credit Default Swap Unwind
10-09-08
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blogs.wsj.com/marketplace
This Lehman credit default swaps settlement auction will likely be one of the most expensive payouts in the history of that market, something the government is certainly keeping an eye on.
Read Full Story
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Reported by:
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News Link • Federal Reserve
What The Media 'Didn't' Cover
10-09-08
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Market-Ticker.Denninger.net
Treasury borrowing cost ramps can produce a 1930s-style dislocation in credit, and if it happens then you will see mass bankruptcies not only in corporate America but among individuals as well as borrowing costs ramp to the point of shutting down the
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Reported by:
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News Link • Economy - Economics USA
GM shares drop to 58-year low, global sales collapse feared
10-09-08
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news.yahoo.com
While the global automotive industry is clearly experiencing a slowdown in 2008, the global market in 2009 may experience an outright collapse," said Jeff Schuster, J.D. Power's executive director of automotive forecasting.
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Reported by:
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News Link • Energy
Demand destruction: Oil prices drop to 1-year low
10-09-2008
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AP
NEW YORK (AP) " Oil prices closed at their lowest level in a year Thursday, falling below $85 a barrel even after OPEC signaled it may try to slow crude's downward spiral by cutting production.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Privacy Rights
Inside Account of U.S. Eavesdropping on Americans
10-9-2008
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ABC News
Despite pledges by President Bush and American intelligence officials to the contrary, hundreds of US citizens overseas have been eavesdropped on as they called friends and family back home, according to former military intercept operators
Read Full Story
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Dow plunges more than 7% mostly in last hour
10-9-2008
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AP
Stocks plunged in the final hour of trading, sending the Dow Jones industrial average down more than 675 points, or more than 7%, its lowest level in 5 years after a major credit ratings agency was considering cutting its rating on General Motors
Read Full Story
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Reported by:
Powell Gammill
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News Link • Religion: Believers
The rival to the Bible
10-09-2008
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BBC
What is probably the oldest known Bible is being digitised, reuniting its scattered parts for the first time since its discovery 160 years ago. It is markedly different from its modern equivalent. What's left out?
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Police State
Thousands of Troops Are Deployed on U.S. Streets Ready to Carry Out “Crowd Control”
10-09-2008
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Prison Planet
Background: the First Brigade of the Third Infantry Division, three to four thousand soldiers, has been deployed in the United States as of October 1. Their stated mission is the form of crowd control they practiced in Iraq
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Economy - Economics USA
Dow drops below 9,000
10-9-2008
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Yahoo Finance
Seems like only yesterday, the headline was 'Dow drops below 10,000' ... oh wait, it was almost yesterday. How is that war looking now? How about those elected and appointed geniuses looking after your savings?
Read Full Story
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Reported by:
Powell Gammill
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News Link • Conspiracies
New World Order is the Endgame, says Glen Beck (VIDEO)
10/09/2008
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Daily Newscaster
DIGG IT! - “There is a global meltdown coming. It is global depression. And one world currency and one world financial system is the endgame.” Glen Beck Says, “China said last week they want one global currency. France said yesterday … they want one
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Reported by:
D. H. Williams
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News Link • Economy - International
As goes Iceland, so goes the world
10-9-2008
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AP
[The future in miniature.] The Nordic nation's government also used sweeping new emergency powers to create a new bank that will take over the bulk of the domestic operations of another one of its collapsed banks.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Politics: General Activism
Zero Dollar Bill
10-09-2008
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Artist Laura Gilberts printed 'The Zero Dollar
Gilbert distributed 10,000 of the fake greenbacks in front of the New York Stock Exchange on Tuesday, Oct. 7, 2008 to call attention to the economic crisis gripping the nation.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Criminal Justice System
Girl Texts Boy Her Naked Photo, Boy Gets Arrested, Held in Juvenile Detention
10/09/08
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www.glennsacks.com
A 13-year-old boy was arrested and held in juvenile detention overnight because a female classmate sent him (and other boys) a naked picture of herself. The best line of the story--"So far only the 13-year-old boy has been arrested."
Read Full Story
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Reported by:
Glenn Sacks
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News Link • Economy - International
Libor Dollar Rate Jumps to Highest in Year; Credit Stays Frozen
10-9-2008
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Bloomberg
The cost of borrowing in dollars for three months in London soared to the highest level this year as coordinated interest-rate reductions worldwide failed to revive lending among banks for any longer than a day.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Economy - International
Libor Holds Central Banks Hostage as Credit Freezes
10-9-2008
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Bloomberg
Rising Libor, set each day in the center of international finance, means higher payments on financial contracts valued at $360 trillion -- or $53,500 for each person worldwide -- including mortgages in Britain, US student loans and company debts
Read Full Story
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Fear Trumps Greed as Market Woes Paralyze Economies
10-9-2008
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Bloomberg
Greed and fear are the emotions that rule markets. Fear is winning. They aren't buying stocks, and more importantly, suddenly afraid they won't be repaid, they aren't making loans by buying bonds. Banks have also tightened credit.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Voting - Election Integrity
Report: Voter purges in 6 states may violate law
10-09-08
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news.yahoo.com/s/
The newspaper said it identified apparent problems in Colorado, Indiana, Ohio, Michigan, Nevada and North Carolina. It says some states are improperly using Social Security data to verify new voters' registration applications...
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Reported by:
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News Link • Science, Medicine and Technology
Testicle Stem Cells Changed Into Bone, Muscle
10-9-2008
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Bloomberg
Stem cells were isolated from the testicles of adult men and turned into bone, muscle, neural and other kinds of cells, German researchers said. "These are the only pluripotent cells present in adult human organisms,''
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Reported by:
Powell Gammill
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News Link • Voting and Elections
Compelled To Vote? Why? (by Christine Smith)
10-9-2008
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Christine Smith's Blog
Questioning the current get people out to vote campaigns & a Review/Recommendation of Leonard E. Read’s “Anything That’s Peaceful - The Case for the Free Market”
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Reported by:
Christine -
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News Link • Drug War
NATO Mulls Expanding Its Drug Role In Afghanistan
10-9-2008
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AP
The United States will push NATO allies to order their troops to target Afghanistan's thriving heroin trade in a bid to stem the flow of drug money to the widening insurgency against the troubled international military mission.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Economy - International
Global stocks rebound after plunge
10-9-2008
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AFP
WORLD stock markets mostly rebounded today, with London, Paris and Hong Kong rallying 3 per cent following a round of emergency interest rate cuts and after share prices had dived a day earlier.
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Reported by:
Powell Gammill
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News Link • Eugenics
National Rifle Association endorses McCain
10-9-2008
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AP
[It is no surprise. It is not news. But it is official. The NRA never met a back stabbing Republican it couldn't endorse.] The endorsement comes despite differences with McCain on campaign finance restrictions and gun show rules
Read Full Story
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Reported by:
Powell Gammill
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News Link • Federal Reserve
The Fed DID Do It!
10/09/2008
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Wikipedia
In Nov of 2002, Ben Bernanke remarked regarding the Great Depression, saying, "you're right, we did it. We're very sorry. But thanks to you, we won't do it again." (So much for that.)
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Reported by:
Camera FRAUD
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News Link • Federal Reserve
Freedoms Phoenix Poll Results
10-08-2008
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FreedomsPhoenix.com
Question: Will the Reduction in Central Bank lending rates, around the world, result in a net gain for the Dow Industrial Average Thursday Oct. 9th 2008?
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Corruption
Wall Street Rescue May Be Worst Legislation Ever
10-08-2008
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Ron Smith for LewRockwell.com
It provides welfare for the mega-rich from the ordinary taxpayer. ...the little people " didn't understand it and were too stupid to applaud forking over hundreds of billions of dollars to their betters in just the manner being prescribed.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Police State
US troops on US streets (VIDEO Amy Goodman)
10-08-2008
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IWantDemocracyNow
Is Posse Comitatus Dead? We speak to Army Col. Michael Boatner, future operations division chief of USNORTHCOM, and Matthew Rothschild, editor of The Progressive magazine.
Read Full Story
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Reported by:
Jason Dimitrov
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News Link • Economy - International
IMF: Timing right for G7
10-08-2008
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Reuters
The International Monetary Fund top economist says the timing is right for G7 to act on credit crisis. (BEND OVER,... HERE IT COMES!)
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Economy - International
Hayek on the Business Cycle
10-08-2008
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Joseph T. Salerno for LewRockwell.com
These seven works taken together represent the first integration and systematic elaboration of the Austrian theories of money, capital, business cycles, and comparative monetary institutions, which constitute the essential core of Austrian macroecono
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Reported by:
Ernest Hancock
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News Link • Economy - International
IMF sees major global downturn in ’09
10-08-2008
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business.inquirer.net
The world is on the brink of a major economic downturn, given the “most dangerous financial shock in western markets since the 1930s” and high fuel and food prices, the International Monetary Fund said.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Economy - International
Indonesia halts stock market trading on abnormal index drop
10-08-2008
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news.xinhuanet.com/english
"The 10 percent decline cued BEI to suspend the market after consulting Bapepam (the Capital Market and Financial Institutions Supervisory Agency)," said acting Finance Minister Sofyan Djalil, adding that the "index drop was not normal
Read Full Story
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Reported by:
Ernest Hancock
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| Tags: freedoms, phoenix, archives, politics, libertarian, alternative, government, freedom |
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