On Thursday, Sept. 18, 2008, the astonished leadership of the US Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. “There was literally a pause in that room where the oxygen left,” says [...]

More at therealnews.com In the third segment of Senior Editor Paul Jay’s discussion with Leo Panitch, Leo explains how the credit crunch will affect state and municipal governments. Leo points out that the Great Depression had its roots in the bankruptcy of state and municipal governments, offering that in such a situation the national government [...]

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Nouriel Roubini otherwise known as “Dr. Doom” or “not a typical CNBC stooge idiot shill” says that the second massive bailout of fraud-ridden AIG is a bailout of the entire financial systems in both North America and Europe.

(link to lesson 2: www.youtube.com Lesson 1 – Revisiting American History, documents the conversion of the US into a monolithic financial empire as the Federal Reserve Act created a monopolized cartel of private interests, “Wall Street,” that controls all money in the system. This killed Jeffersonian ideals and allowed vertical Hamiltonian forces to have free [...]

2nd Nov 2008. Bird and Fortune on Silly Money satirising the absurdity of the financial crisis.

GloomBoomDoom.com Marc Faber, publisher of the “Gloom, Boom & Doom Report,” talks with Bloomberg’s Bernard Lo about the outlook for China’s economy and commodities prices. Faber, speaking in Hong Kong, also discusses the US economy, the debt crisis in Greece and the euro.

An Argentine opinion on the Global Financial Crisis, describing the whole Global Financial System as one vast Ponzi Scheme. Like a pyramid, it has four sides and is a predictable model. The four sides are: (1) Artificially control the supply of public State-issued Currency, (2) Artificially impose Banking Money as the primary source of funding [...]

Greece is on the verge of a precipice – a day after unrest which saw three people killed, the country’s Parliament is debating the austerity package which sparked the violence. The situation remains tense and many analysts say it’s the high price Greece is having to pay for being part of the Eurozone – a [...]

debt is a word that many connotations No? negatively, it is simply because it is the reason num? ro one of the? be? mainly majority? population facing financial H? gardens. The big problem? Me, e in our soci? T? Modern is the simple fact that it is so easy? borrow. Banks, banks cr? Said hypothesis? [...]