August 16, 2007


The global financial meltdown is at hand and the TV announcers can't even appear tame just now. They are clearly shocked and worried. I guess they didn't see it coming when I did, which was 28 June, and I told people it had come at that time.

I realize so much material may seem boring or just plain too long for most. But if you want the straight, scary dope on it, this little report of mine includes a radio show you can listen to which is done by the RIGHT sort of economist. a people's economist.

You might think this isn't relevant to ongoing discussions on here, but I assure you it is. Knowing this you will know which industries/supplies are going to be hit first and become aware of what to do to take care of any credit problems you may have. Me, I'm flat ass broke and about to get even poorer.

As a last note, Beware the SPP! the big "bailout" around the corner, along with the issuance of the meaningless, valueless Amero. Watch for the sudden appearance of Henry Kissinger to the rescue. Yeah, right.

This is the REAL terror attack.

Virginia

THE CRISIS IS HERE!!

I wrote to Stephen Lendman, the author many indepth articles about the SPP, militarization and so on. He is a PROGRESSIVE AMERICAN and no racist. I have real fears as the global financial CRISIS sets in (this the REAL terror event), the right wingers may gain total control soon. This PANic started 28 June by my reckoning ...

My article on the market collapse/bailout has been supplanted by this article on OpEd News, which is more indepth than mine, but a bit more of a slog, a good slog!

I made a hash of my article regarding the bailout in replying to Paul KRugman of the NYT, but my points are accurate. More, much more is going on globally than any one person can be aware of just NOW. With a bit of research I was able to find out just which bank is handling the bailout and the circulation of money.

As I told you before, the Carlyle Group and BNP Parabis are pumping all that lovely money into circulation! One third of a trillion dollars has been created out of thin air between Friday and Monday; more has been pumped in and today the demand is for even MORE, and I haven't gotten an exact number for the past two days but it's still billions and billions, and the FED still hasn't reduced interest rates.

.... the media is full of bs as it ignores which sectors are keeping the "market" (free never fair) afloat at all ....

Here's that great url showing where the money IS.


Stephen Lendman was kind enough to refer us to this, which you may find VERY scary. It ran on Radio Pacifica yesterday. But as many pundits are saying privately -- North America's been HAD -- and it is imho time to wake up and smell the coffee.

From Cold War to Class War
Interview with financial economist and historian, Dr. Michael Hudson. Liquidity crisis in the banking system; wiping out of credit; demise of the dollar; stock volatility; hedge funds; sub- prime lending, real estate tax versus labor tax, etc. Dr. Hudson has been appointed Chief Economic Advisor for the Kucinich for President campaign, and is writing a new tax policy for the United States. He is President of The Institute for the Study of Long-Term Economic Trend, a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of "Super-Imperialism: The Economic Strategy of American Empire". Visit his website at www.michael- hudson.com.
Guns and Butter Wednesday, August 15th, 2007
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