Archive for May, 2008
Wednesday, May 28th, 2008
DEBT AS A TOOL FOR CONTROL
Debt is control only when it is collectible. If the debtor has the legal or other means to resist “repayment”, debt is meaningless.
I’ve been thinking of this story for quite some time. I wanted it to reflect on my stance and pursuit to help Humanity at my own level. Bad economics being a great source […]
No Comments » - Posted in News by Sharon Kayser
Thursday, May 15th, 2008
THE FRAUDS MARCHE ON
Oh what a tangled web of deception… This time, you will not believe what you read - alas it is all true!
Bernanke lunched with Wall Street before Bear rescue, a Bloomberg.com headline says.
… The luncheon at the New York Fed gave Bernanke a chance to hear from chiefs of some of the biggest U.S. financial […]
No Comments » - Posted in News by Sharon Kayser
Monday, May 12th, 2008
INVESTIGATING WALL STREET CRIME
By Danny Schechter:
The Question: As The Feds Broaden A Mortgage Fraud Probe, Will The White Collar Perps Of Subprime Crime Ever Do Time?
New York, May 6: There is a time in the life of every writer when you find yourself fearing that you have become a robo call phone machine—repeating the same message over and […]
No Comments » - Posted in News by Sharon Kayser
Monday, May 12th, 2008
THE POISON SPREADS
While there plenty of bad news gathering momentum out there, the most frightening picture is without a doubt The Ticking Credit Card Time Bomb:
For those holding out hope that the American economy can miraculously avoid a long and deep recession consumer credit is often viewed as the wonder drug that can cure all manner of […]
No Comments » - Posted in News by Sharon Kayser
Friday, May 2nd, 2008
WHY THE NUMBERS ARE WRONG
By Danny Schechter
The official headline for U.S. Q1 GDP growth says a
positive 0.6% growth but the details are ugly and
confirm that we are in a recession.
First of all, if you exclude the increase of inventory
of unsold goods (that moved positive after a negative
figure in Q4) the Final Sales of Domestic Product were
a negative 0.2%. In […]
