Member Submitted News

Nov 09 19:33

Three trends are driving the US towards an economic and dollar collapse

Within the next month or two, these three trends will reach their unavoidable conclusion: a loss of faith in US debt and the dollar. This will produce something never before seen in modern economics: simultaneous deflation and hyperinfation.

Nov 09 19:29

Obama's New Deal v. the US Economy

Nancy Pelosi -- undoubtedly one of the dumbest people to ever be elected to the Senate -- is proposing a stimulus package of between $60 billion and $100 billion. There are rumours coming out of Goldman Sachs that Obama will make it $200 billion. America's greatest economist also said that there would be a tax cut next year to help expand the economy but it would not include a cut in the capital-gains tax. Instead she wants to put the money in workers' pockets.

Nov 09 15:20

Who are the Architects of Economic Collapse?

The October 2008 financial meltdown is not the result of a cyclical economic phenomenon. It is the deliberate result of US government policy instrumented through the Treasury and the US Federal Reserve Board.

This is the most serious economic crisis in World history.

The "bailout" proposed by the US Treasury does not constitute a "solution" to the crisis. In fact quite the opposite: it is the cause of further collapse. It triggers an unprecedented concentration of wealth, which in turn contributes to widening economic and social inequalities both within and between nations.

Nov 09 09:51

Is Obama Screwing His Base with Rahm Emanuel Selection?

I had really wanted to celebrate Barack Obama's remarkable victory for a day or so before becoming cynical again. I really did.

And yet, less than 24 hours after the first polls closed, the president-elect chose as his chief of staff -- perhaps the most powerful single position in any administration -- Rahm Emanuel, one of the most conservative Democratic members of Congress.

Nov 09 09:36

I would say Yes Obama IS screwing his base by selecting Emanuel.

If Israel cannot cut it on its own implementing its "Clean Break" strategy, maybe its time to go back to the "land for peace" strategy that won a few people a couple of Nobel prizes.

Nov 09 02:59

Help out automakers, Capitol Hill leaders say, Reid and Pelosi want White House to use bailout fund

WASHINGTON — With the nation's automotive industry hemorrhaging cash, congressional leaders called on the Bush administration Saturday to offer government assistance to the car companies as part of the Treasury Department's $700 billion emergency rescue program.

Nov 09 02:18

Israeli soldiers terrorise villagers in Zawata

Israeli soldiers terrorise villagers in Zawata
November 8th, 2008

Three households were terrorised by Israeli soldiers in the village of Zawata on Friday night, 7th November.

At least twenty Israeli soldiers from the nearby military base at Shave Shomron stormed through the upper parts of the village on foot - throwing sound bombs and firing at family homes; surrounding houses and forcing families out into the night. Soldiers advised the invasion and terror tactics were a response to the discovery of a few small children burning a tyre on the nearby military road.

Nov 08 19:08

Obama bashes dead president's wife

"In terms of speaking to former presidents, I've spoken to all of them that are living. Obviously, President Clinton -- I didn't want to get into a Nancy Reagan thing about, you know, doing any seances." - Obama

Nov 08 15:01

More Bailouts Needed!

It’s about time the government recognized the importance of industries that are suffering & need billions of dollars to sustain their business. Where were the government bailouts when so many other worthy industries in the past were dying and struggling for their very existence?

Where were the government bailouts when the horse and buggy industry was fighting to keep up with the newly invented automobile?

Nov 08 14:49

More Unintended Consequences of the Bailout

Like many large companies, Fannie and Freddie had contracts promising to cover legal bills for their executives. When the Treasury Department delivered a $200 billion bailout to Fannie and Freddie, that obligation passed to the government, which may find itself paying for the lawyers defending the executives against the government's own prosecutors.

Nov 08 14:39

Bloomberg Sues Fed to Force Disclosure of Collateral

Bloomberg News asked a U.S. court today to force the Federal Reserve to disclose securities the central bank is accepting on behalf of American taxpayers as collateral for $1.5 trillion of loans to banks.

Nov 08 14:30

What Obama Should Ask His CIA Briefers

As President-elect, Obama is already receiving daily briefings from the CIA.

There are many important questions which Obama could ask about, and which "normal" Senators and congress people wouldn't have the power or the security clearance to get answers to.

Nov 08 11:20

Iraqi official says country still needs US military; warns time running out for security pact

Iraq's deputy prime minister said Saturday his country still needs the U.S. military to ensure security and warned that time is running out to approve a new security deal with Washington.

Nov 08 11:13

U.S. And Allies Tortured Kids in Iraqi Prisons

Since it invaded Iraq in 2003, the U.S. has detained thousands of juveniles—some of whom were tortured and sexually abused, according to published reports. Figures of the number of children behind bars vary. Some estimates put the number as high as 6,000.

While the criminal abuse of male prisoners at Abu Ghraib is well known, child and women prisoners held there have also been tortured and raped, according to Neil Mackay of Glasgow’s “Sunday Herald.” Abu Ghraib prison is located about 20 miles west of Baghdad.

Nov 08 09:37

Watching Them Squirm: Is Fox News Abandoning the Mob It Created?

by Mark Ames (Alternet)

The first polls had just closed when the Republican Right's "Agony of Defeat" moment arrived. It was just after 8 p.m. -- right as Fox's "America's Election HQ" show returned from a commercial break, and Brit Hume welcomed viewers back to his "Fair and Balanced" network.

Nov 07 23:22

President Obama To Bring Back Slavery

The Republican Party got rid of slavery 143 years (and a bloody Civil War) ago.

And the Democrats have been working ever since to bring it back.

Nov 07 23:04

Why Obama Will Be Worse Than Bush

Judge Napolitano correctly points out that Obama, whose absence during critical votes has been a consistent trait of his legislative career, made a point of being present to vote in favor of renewing the PATRIOT [sic] Act and the revised FISA law that supposedly authorized unconstitutional electronic surveillance. (Not mentioned in that interview, but relevant to this discussion, is Obama's explicit disavowal of any intention to pursue investigations or criminal prosecutions of Bush administration figures implicated in torture and other abuses once he is in office.)

Nov 07 22:01

Police staged confrontation amid convention

The American Civil Liberties Union says undercover police officers posing as protesters staged a violent confrontation with another officer during the Democratic convention in Denver.

The ACLU said it obtained a police document showing the undercover officers pretended to struggle with a police commander so they could be removed from the crowd without blowing their cover.

Nov 07 19:15

Running on fumes: GM could soon run out of cash

The title of the article speaks volumes. Had GM noticed what foreign competition has been doing for the last 10+ years, they would still be at the top of the pack. This is not good business management. It is ignorance, short-sightedness and greed.

"General Motors, the nation's largest automaker, warned Friday that it may run out of money by the end of the year after piling up billions in third-quarter losses and burning through cash at an alarming rate. Ford sustained heavy losses, too."

Nov 07 14:03

The strange case of falling international reserves

If the Reserves are no longer growing but diminishing, this might indicate that the exporting countries are no longer buying and accumulating more US, British and European debt. If they are not accumulating more foreign currency bonds and debt, then the fiscal deficits of the US, the Brits and the European Union countries are no longer being funded – especially important to the US, which is running an immense fiscal deficit, what with the US Treasury going into debt like a drunken sailor on account of the need to bail-out all and sundry debtors.

Nov 07 13:02

Getting down to bizness with Obama

The answer is: Jane Harman – as head of the CIA! (If she doesn't get it, not to worry: she's also up for head of Homeland Security – and if she doesn't get that, she's on the short list for National Intelligence czarina).

Nov 07 10:22

Ford announces $129M 3Q loss, burns $7.7B in cash

Ford Motor Co. said Friday it lost $129 million in the third quarter as the struggling automaker burned through $7.7 billion in cash and set plans for more job cuts.

Ford said it will eliminate about 2,260 more white-collar employees in North America as it battles continued weak demand, the credit crisis and the worst economic downturn in decades.

Nov 07 10:18

GM reports $2.5B 3Q loss, says running out of cash

General Motors Corp. says it lost $2.5 billion in the third quarter and warned that it could run out of cash in 2009.

GM also said it has suspended talks to acquire Chrysler. While it didn't specifically name the automaker, GM said it was setting aside considerations for a "strategic acquisition."

The automaker also said its cash burn for the quarter accelerated to $6.9 billion due to a severe U.S. auto sales slump.

Nov 07 06:46

Obama's Legislative Voting Record

They say a Man is known by the company he keeps. With this in Mind, let's examine the voting record of the new President Elect...

Nov 07 00:11

3 ‘superbanks’ now dominate industry

Several of the nation's biggest banks have failed or been absorbed by healthier institutions, leaving three giant "superbanks" with an unprecedented concentration of market power: Bank of America, JPMorgan Chase and Wells Fargo.

Nov 06 23:44

Ron Paul: Obama Equals Shift Toward Global Government

Commenting on the much touted “International crisis” that luminaries such as Colin Powell, Joe Biden and Zbigniew Brzezinski have all guaranteed will occur within weeks of Obama entering the White House, the Congressman stated that he believes it may be a catalyst for a shift toward world government:

“I think it’s going to be an announcement of a new monetary order, and they’ll probably make it sound very limited, they’re not going to say this is world government, even though it is if you control the world’s money and you control the military, which they do indirectly.”

Nov 06 23:37

Fox News Angrily Smears Nader For Daring To Criticize Obama

The corporate media’s frightening obsession with maintaining Obama’s messianic complex now apparently extends to the so-called “right-wing” Fox News, who have eagerly picked up the baton and are right behind the mindless fervor of Obamamania - acting in lock step with the establishment left.

Nov 06 22:27

Ron Paul on the Obama Presidency

Nov 06 22:04

Chris Matthews comes out of the closet

Video HERE.

Nov 06 21:42

I voted!

Voting is for the slaves who will gladly bow to the political class and are perfectly happy endorsing a system that constantly rapes them. If you want to be a mindless slave, fine, but don't drag me down with you.

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