Top Economic News Round-Up: Dollar Collapse, Supranational Currency Plans, and the Pending Financial Apocalypse

UN calls for new reserve currency – BreitBart 10/6/09

US facing massive economic ‘power shift’ with dollar’s downward spiral – Raw Story 10/11/09

Bilderbergers Want Global Currency Now – Prison Planet 10/1/09

Video: Robert Fisk Explains His Bombshell Report About The U.S. Dollar To Russia Today – NCoal 10/10/09

Britain: Supranational Banking Organization May Be Needed – Reuters / Cryptogon 10/16/09

Soros: “There is a General Flight from Currencies” – Prison Planet 10/16/09

Congresswoman Kaptur: There Has Been a Financial Coup D’Etat – Prison Planet 10/12/09

Maxine Waters: Rangel Not The Only In Congress To Hide Assets – Judicial Watch 10/8/09

Dollar Reaches Breaking Point as Banks Shift Reserves – Prison Planet 10/12/09

Video: How Halliburton rips off the taxpayer and endangers the health of US troops – YouTube via WRH 10/17/09

On May 10th, 2007, this video was banned in Congress.  Robert Greenwald, the director of IRAQ FOR SALE, was invited to testify before Congress by Rep. Jim Moran. He prepared four minutes from the documentary to show.  Republicans insisted this not be shown.

Big Pharma Reaps Billions From Swine Flu Fearmongering – Prison Planet 10/14/09

Evidence of economic collapse martial law preparations – EclippTV 9/27/09

The most important economic policy in US history: monetary reform and its top ten supporters in US history – Examiner 10/6/09

VIDEO: The Financial Crisis in Perspective – Global Research 9/30/09

US Census Bureau report: 40 million living in poverty – Uruknet 9/30/09

Unprecedented U.S. corp. defaults seen for ’09 – Reuters 9/30/09

World Bank says don’t take dollar’s place for granted – Reuters 9/27/09

World Bank President Robert Zoellick said the United States should not take the dollar’s status as the world’s key reserve currency for granted because other options are emerging.

“The United States would be mistaken to take for granted the dollar’s place as the world’s predominant reserve currency,” he said. “Looking forward, there will increasingly be other options.”

US Cedes Economic Independence To IMF – YouTube 10/6/09

IMF chief hails ‘new era of collaborative global governance’ – Raw Story 10/4/09

Unemployment Figure Soars to 17% – Charting Stocks 10/4/09

A Map Of American Unemployment – Forbes 10/2/09

31 Questions and Answers about the Internal Revenue Service – SupremeLaw.org

US secretly tried to make deal with Goldman Sachs in wake of financial crisis – Raw Story 9/30/09

Goldman Sachs, the US Treasury, and criminal corruption: the interview that confirms what you always knew– Examiner 9/3/09

If you haven’t seen Matt Taibbi’s interview with his documentation of Goldman Sachs involvement with the US Treasury and manipulations of our economy, it is a must see. This article also links to mainstream economists’ and Pulitzer journalists’ documentation and analysis of our plutocracy in rather strong language.

UK pledges extra $11bn to IMF to tackle crisis – Telegraph, UK 9/3/09

China Set to Buy $50 Billion in IMF Notes– Wall St Journal via Prison Planet 8/31/09

4 Signs that China is Moving Out of the Dollar – Washington’s blog 9/8/09

Zimbabwe proposes introduction of gold-backed Zim dollar – Prison Planet 8/25/09

Roubini: “When Governments Reach the Point Where They Are Borrowing to Pay the Interest on Their Borrowing They Are … Running a Ponzi Scheme” – Prison Planet 8/29/09

Mercenaries Hide Costs of War – Consortium News 9/7/09

The History of Jobs In America – Treehugger 9/16/09

Paul Kedrosky points to this very cool tool for visualizing the jobs people have done between 1850 and 2000; you click on any one or write it in the window and see how they have changed. Kedrosky writes “Too bad it ends at 2000, thus taking away the fun of watching the profusion of real estate agents and mortgage brokers.”

Congressman Grayson: Fed Secretly “Stuffed” $500 Billion into “Foreign Private Pockets” and Gave $230 Billion to Citi “As a Secret Bailout” – Washington’s Blog 9/17/09

Just a few weeks ago, while Chairman Bernanke was testifying to Congress, we examined the Fed balance sheet and P&L statement only to find what looked like the Fed handing over half a trillion dollars to foreigners. This was very surprising! When I asked Chairman Bernanke if this was true, he said, “Yes.” When I asked him who got the money, he said, “Fourteen foreign Central Banks.” And when I asked to who did they give the money, he said, “I don’t know.” “I don’t know” is not good enough when you’re talking about $500 billion. That’s $1700 for every man, woman, and child in this country.

Bank President Admitted that All Credit Is Created Out of Thin Air With the Flick of a Pen Upon the Bank’s Books – Washington’s Blog 9/23/09

In First National Bank v. Daly (often referred to as the “Credit River” case) the court found: that the bank created money “out of thin air”:

[The president of the First National Bank of Montgomery] admitted that all of the money or credit which was used as a consideration [for the mortgage loan given to the defendant] was created upon their books, that this was standard banking practice exercised by their bank in combination with the Federal Reserve Bank of Minneaopolis, another private bank, further that he knew of no United States statute or law that gave the Plaintiff [bank] the authority to do this.

U.S. May Face ‘Armageddon’ If China, Japan Don’t Buy Debt – CNBC via Cryptogon 9/24/09

U.S. Intelligence Budget: $75 Billion, 200,000 Operatives – Dissident Voice 9/25/09

International Monetary Fund to sell over 403 tons of gold – Raw Story 10/2/09

Iraq to Deal Oil in Euros – Information Clearinghouse 10/10/09

What Not Being Able To Buy Oil In Dollars Means – Information Clearinghouse 10/10/09

Backbone of Complex Networks of Corporations: The Flow of Control – Cryptogon 8/31/09

Via: Inside Science

A recent analysis of the 2007 financial markets of 48 countries has revealed that the world’s finances are in the hands of just a few mutual funds, banks, and corporations. This is the first clear picture of the global concentration of financial power, and point out the worldwide financial system’s vulnerability as it stood on the brink of the current economic crisis.

A pair of physicists at the Swiss Federal Institute of Technology in Zurich did a physics-based analysis of the world economy as it looked in early 2007. Stefano Battiston and James Glattfelder extracted the information from the tangled yarn that links 24,877 stocks and 106,141 shareholding entities in 48 countries, revealing what they called the “backbone” of each country’s financial market. These backbones represented the owners of 80 percent of a country’s market capital, yet consisted of remarkably few shareholders.

Bank of England Calls Emergency Meeting Over Sterling – Telegraph, UK via Cryptogon 9/28/09

Squat to Own – Miller McCune 10/6/09

Two social ills come together in Miami for a positive outcome, at least on a small scale.

Banks Have Us Flying Blind on Depth of Losses – Bloomberg 10/1/09

Oldest Swiss Bank Tells Clients to Sell U.S. Assets or Leave – Bloomberg via Cryptogon 9/2/09



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