Only Convenient Caring Please
A YouTube video by Catherine Austin Fitts
Archive for August, 2008
I just finished James Norman’s new book: The Oil Card: Global Economic Warfare in the 21st Century.
Norman makes the case that a suppressed oil price was the most important strategic variable in bringing down the Soviet Union two decades ago and that engineering an inflated oil price is now being used to keep China in check. He makes the case that the war in Iraq was driven first and foremost by the importance of keeping the oil price up and China out of a strategic position in the Middle East.
If you want to expand your understanding of the fundamental nature of the political economy and economic warfare in which we live, this is a very good read.
Dollar Rescue Plan Was Drawn in March, Japanese Paper Says
By Gertrude Chavez-Dreyfuss - Reuters (27 Aug 2008)
ECB Slammed by Nobel Economist as European Slump Deepens
By Ambrose Evans-Pritchard - London Telegraph (27 Aug 2008)
FDIC May Borrow Money From Treasury
By Sweta Singh - Reuters.uk (27 Aug 2008)
Millions Failing to Track Their Pension
By Maryrose Fison - Reuters.uk (22 Aug 2008)
UCL Joins Moves to Cancel Investment in Arms Trade
By Chloe Stothart - TimesHigherEducation.co.uk (8 May 2008)
Airline Officials Punished for Embezzlement
China Daily News (24 Aug 2008)
World Must Brace Itself as The U.S. Banking Sector ‘Fesses Up’ to Losses
By Liam Halligan - London Telegraph (23 Aug 2008)
The Smoking Gun
By Ted Butler - GATA (22 Aug 2008)
SEC May Propose New Short-Sale Rules Within ‘Weeks,’ Cox Says
By Jesse Westbrook - Bloomberg.com (19 Aug 2008)
No Need for a Bailout at The Bank of The Poor
By Ambrose Evans-Pritchard - London Telegraph (22 Aug 2008)
U.S. Appeals Court Validates Gold Clause in Rental Contract
By Lisa Cornwell - Associated Press (28 Aug 2008)
Let Them Mint Paper: Now They’re Out of Krugerrands Too
By Claudia Carpenter - Bloomberg News (28 Aug 2008)
Wake-Up Call
By Rob Kirby - Financial Sense (25 Aug 2008)
Bundesbank Says Gold Reserves Gaining Importance
By Rene Wagner - Reuters (22 Aug 2008)
A New Summary of GATA’s Work
By Chris Powell - GATA (24 Aug 2008)
Three Fannie Mae Execs Out, Shares Rally Earlier
By Al Yon - Reuters (27 Aug 2008)
Fannie, Freddie Capital Can Absorb Losses: Report
By Al Yoon - Reuters.uk (26 Aug 2008)
China Warns U.S. Against Failure of Fannie, Freddie
By Kevin Hamlin - Bloomberg.com (26 Aug 2008)
Fannie Mae and Freddie Mac Game Over
By James Quinn - London Telegraph (22 Aug 2008)
Banks Hit as Fannie, Freddie Get Downgrade
By James R. Hagerty & Serena Ng - Wall Street Journal (23 Aug 2008)
Credit Insurance Obligations Cloud Bailout of Freddie, Fannie
By Gretchen Morgenson - New York Times (23 Aug 2008)
Treasury’s Vigil on Fannie, Freddie
By David Cho & Jeffrey H. Bimbaum - WashingtonPost.com (23 Aug 2008)
Russia May Cut Off Oil and Gas to Europe
By Ambrose Evans-Pritchard - London Telegraph (28 Aug 2008)
Steve Jobs Obituary Published by Bloomberg
By Matthew Moore - London Telegraph (28 Aug 2008)
Transcript: Obama’s Speech ‘The American Promise’
Scoop Independent News (31 Aug 2008)
Slammed: Welcome to the Age of Incarceration
By Jennifer Gonerman - Mother Jones (Jul/Aug 2008)
Children Die in an Outsourcing Boom
By J. Sri Raman - Scoop Independent News (27 Aug 2008)
AT&T Throws Party to Support Dems Who Voted to Grant Telecoms Immunity for Illegal Domestic Wiretaping
Democracy Now! (25 Aug 2008)
Thinking Outside the Square Finds Light in Oven
By Deborah Smith - The Sydney Morning Herald (20 Aug 2008)
Free Energy and the Open Source Energy Movement
By Steve Windisch - OpEdNews.com (21 Aug 2008)
FDA Unleashes Mass Irradiation of Spinach, Lettuce and Other Vegetables
NaturalNews.com (22 Aug 2008)
Where Cell Phones Go To Die
By Kate Greene - TechnologyReview.com (Sept/Oct 2008)
Virus-Assembled Microbatteries
By Lauren Rugani - TechnologyReview.com (21 Aug 2008)
Cosmic Blast 7.5 Billion Years Old, Seen With Naked Eye
AFP.google.com - Article (20 Mar 2008)
Freddie and Fannie Hammer Regional and Small Banks
Moody’s ratings downgrades of Freddie and Fannie preferred last week are going to be bad news for insurance companies and regional and small banks who are believed to have large holdings in approximately $36 billion of these securities. As the financial leadership sends more and more signals that Freddie and Fannie are likely to be nationalized, will this mean that the preferred stock gets wiped out along with the equity? Very possibly. For more, see our story picks in “Mortgage Markets” this week.