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I'm starting to see the pattern in the tapestry. There is enough information provided in this article for all of us to begin wrapping our minds around what is about to happen, how and by whom (Why? Trillions of looted dollars,... that's why)
I'm starting to see the pattern in the tapestry. There is enough information provided in this article for all of us to begin wrapping our minds around what is about to happen, how and by whom (Why? Trillions of looted dollars,... that's why)
NEW YORK (AP) — Gold prices exploded Wednesday — posting the biggest one-day gain ever in dollar terms — as fears of more credit market turmoil unnerved investors and triggered a flood of safe-haven buying.
Asian stocks tumbled to the lowest level in three years as credit markets seized up and concerns grew that more financial companies will collapse.
LONDON, England (CNN) -- World stock markets were in decline again Tuesday, a day after the collapse of one of the largest investment banks in the U.S. contributed to the worst day on Wall Street in seven years.
SINGAPORE (CNN) -- Hundreds of customers flocked to the Singapore office of troubled insurer American International Group Inc. (AIG) on Wednesday, many hoping to pull their investments and policies from the company.
Russian shares suffered their steepest one-day fall in more than a decade on Tuesday, losing up to 20 per cent, as a sharp slide in oil prices and difficult money market conditions triggered a rush to sell.
World stock markets swooned again Tuesday as global financial crisis make investors worry that asset prices had yet to hit rock bottom. At midday, Paris' benchmark CAC-40 index was down 0.5 percent to 4,150.24, Germany's DAX 30 index of blue
This is a stunning stock market crash, and it's not just the Shanghai composite - it's an Asian market rout:
Stock markets tumbled in Europe and Asia on Monday after the double-fisted blow from Wall Street news that Lehman Brothers had filed for bankruptcy and Merrill Lynch would be sold to a large U.S. bank.
This Guardian article by Kenneth Rogoff sends a blunt warning: central banks are taking on so much dodgy debt that they will put themselves at risk if they continue extending support to their banking systems.
Yuriko Koike, a former television news presenter, launched her campaign with a promise to rejuvenate the world's second-largest economy if she is selected to replace Yasuo Fukuda, who resigned last week after just a year in office.
Chancellor of the Exchequer Alistair Darling said the U.K. economic conditions "are arguably the worst they’ve been in 60 years … And I think it’s going to be more profound and long-lasting than people thought. We have a credit crunch
The entire enterprise of Government, in the bloated and intrusive form we know it as, is destined to fail. The failure of any and every coercive monopoly Government is assured by its own dynamics.
A failure of U.S. mortgage finance companies Fannie Mae and Freddie Mac could be a catastrophe for the global financial system, said Yu Yongding, a former adviser to China's central bank.
Venezuela again acted as lender of last resort for Argentina having acquired a billion US dollars in sovereign bonds, at “close to market rates” according to Argentine financial sources.
(Publisher's note: I remember a story we posted back in June of 2007 about large gold 'options' actually taking possession. I'll be doing some more research for us all, buuuut I am bias towards the idea that what is being sold (option
More than 100 local councils, charities, churches, hospitals and nursing homes across Australia are sitting on a $2 billion black hole after buying subprime investments structured by Wall Street banks during the bull market but which are now potentia
Earlier this year some economists were talking about the world “decoupling” from the U.S., making it through an American downturn relatively unscathed, but the latest data from Europe and Asia appears to be putting holes in that theory and it’s bad n
But as Europe confronts its toughest economic test since the official creation of the European Union in 1993, Barroso has hung a "for sale" sign on her cafe door. Business has dried up -- falling 80 percent in six months -- as Spain has joi
Few American exports have proved as popular as credit cards. In just a generation, they have gone from a totem of Western affluence to an everyday accessory in Brazil, Mexico, India, China, South Korea and elsewhere. More than two-thirds of the world
Three years ago Byrne, believing Overstock.com's shares were under pressure from an illegal trading tactic known as "naked short-selling," launched a campaign to end the practice. He termed it his own personal "jihad," or holy
The retreat comes days after the Melbourne lender shocked the markets by announcing a 90pc write-down on its £550m holdings of US mortgage debt, an admission that it AAA-rated securities are virtually worthless.
Jul 24 - A raft of economic indicators and surveys show business and consumer confidence hitting new depths. Euro zone business confidence taking bigger hit than expected
George Green on the Economy (President Bush has agreed to the audit,... after he is out of office - Note: the Federal Reserve is immune from a US Gov't Audit) - The Bank of International Settlements is "THE BANK" that conspiracy advocat
The British government faces new mayhem on a daily basis, and there’s no stopping it anymore. It will therefore have to be absorbed. And that will mean a return to mass unemployment and subsequent new found poverty.
The new company will provide a single gateway for confirming over-the-counter (OTC) derivative transactions globally. This will allow buy-side and sell-side OTC derivative market participants to confirm trades and to gain access to additional service
Designed to address industry concerns about systemic risk due to backlogs of transaction confirmations in the credit derivatives arena. (this means that the real value of $100's of Trillions in derivatives will be settled, stay tuned)
There are reasons to believe this coming crisis is different and bigger than the world has ever experienced. Instead of using globalism in a positive fashion, it's been used to globalize all of the mistakes of the politicians, bureaucrats and cen
