March 18, 2008

articles on the global financial crisis ..

losing confidence vote as investors flee
Asian, Mid East and European investors stood aside at last week's
>auction of 10-year US Treasury notes. "It was a disaster," said Ray
>Attrill from 4castweb. "We may be close to the point where the
>uglier consequences of benign neglect towards the currency are revealed."
><>Mar 16,
>2008 11:00 PM PST
>Category: <>ECONOMY
>Doomsayers Draw Signs From Bernanke Rate Cuts
>Ben S. Bernanke's interest-rate cuts have touched off a vicious
>circle of doom for the dollar.
>The Federal Reserve reduced the rate on direct loans to commercial
>banks by a quarter-point to 3.25 percent before Asian financial
>markets opened today. It will likely lower its target rate for
>overnight loans between banks tomorrow to at least 2.25 percent from
>3 percent, according to futures traded on the Chicago Board of
>Trade. Lower borrowing costs work against the dollar by making
>fixed-income securities issued by the government less appealing to
>global investors.
><>Mar 16,
>2008 10:59 PM PST
>Category: <>ECONOMY
><>Fed rescue of
>Bear Stearns raises specter of Depression-era crash
>Invoking a little-used provision added to the Federal Reserve Act in
>1932, at the height of the Great Depression, the US central bank
>agreed to allow the Federal Reserve Bank of New York to insure an
>infusion of credit to Bear Stearns by JP Morgan Chase. Under the
>terms of the "secured loan facility," to extend for up to 28 days,
>the risk of a default by Bear Stearns will be borne by the Federal
>Reserve Bank of New York, not JP Morgan Chase. The latter will serve
>essentially as a conduit for the cash provided by the US central bank.
><>Mar 16,
>2008 10:58 PM PST
>Category: <>ECONOMY
><>U.S. No Longer Number One Economy
>The U.S. economy lost the title of "world's biggest" to the euro
>zone this week as the value of the dollar slumped in currency markets.
><>Mar 16,
>2008 10:55 PM PST
>Category: <>ECONOMY
>A CENTURY after John Pierpont Morgan bailed out Wall Street, his
>bank is at it again. In a dramatic move on Friday March 14th, the
>Federal Reserve Bank of New York and JPMorgan Chase made emergency
>funding available to Bear Stearns after other market players lost
>confidence in the beleaguered investment bank as a trading partner.
>As the credit crunch has deepened and broadened, the worst fear of
>many on Wall Street has been the collapse or forced rescue of a big
>bank or broker. That moment is now upon them.
><>Mar 16,
>2008 10:53 PM PST
>Category: <>ECONOMY
>voting machines are now an official crime scene
>At least 15 touch-screen voting machines that produced improbable
>numbers in Ohio's 2006 statewide election are now under double-lock
>in an official crime scene. And the phony "Homeland Security Alert"
>used by Republicans to build up George W. Bush's 2004 vote count in
>a key southwestern Ohio county has come under new scrutiny.
>16, 2008 10:52 PM PST
>Category: <>VOTE FRAUD
>WRH: If Bush isn't the legally elected President, then we don't have
>to pay for his wars.
>Stock Markets in Asia Tumble
>Major Asian stock markets fell sharply in early trading on Monday as
>pessimism continued to spread despite the Fed's dramatic moves over
>the weekend, sending Tokyo's benchmark index to a three-year low.
><>Mar 16,
>2008 10:48 PM PST
>Category: <>ECONOMY
>The above article(s) &/or letter(s) are accessible through links
>posted on the WHAT REALLY HAPPENED website today... For a variety of
>opinions on what's really happening around the world, visit this
>site frequently: ...and Reader

>Reader letters are archived at

If you're not OUTRAGED...
you're not paying ATTENTION !!

The following is a statement by David Rockefeller (founder of the
Trilateral Commission), in an address to a meeting of The Trilateral
Commission, in June, 1991:

"We are grateful to The Washington Post, The New York Times, Time
Magazine and other great publications whose directors have attended
our meetings and respected their promises of discretion for almost
forty years. It would have been impossible for us to develop our
plan for the world if we had been subject to the bright lights of
publicity during those years. But, the world is now much more
sophisticated and prepared to march towards a world government. The
supranational sovereignty of an intellectual elite and world bankers
is surely preferable to the national auto-determination practiced in
past centuries."

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