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Oct 22 09:13

How Inflation Works: Why I Can’t Buy an Old Ferrari

PAUL CRAIG ROBERTS
Counterpunch
Wednesday, Oct 22, 2008

Anyone who has been alive very long is aware that the US government has failed on the inflation front. Soft drink machines that once delivered a bottled drink for a nickel now charge a dollar, a twenty-fold increase in price.

Oct 22 09:00

The Enforcement Arm of the Robber State

As the economy collapses, credit lines become constricted, and tax revenues are choked off, we can expect local representatives of the parasite class (commonly called "government") to become perversely creative in finding new ways to extract money from productive people. For parasites looking to feast on the wealth of others, the liberty-devouring fraud called the War on Drugs offers a particularly rich menu of possibilities.

Oct 22 08:43

What Went Wrong in the Capitalist Casino?

"THE great inter-war slumps were not acts of God or of blind forces. They were the sure and certain result of the concentration of too much economic power in the hands of too few men. These men had only learned how to act in the interest of their own bureaucratically-run private monopolies which may be likened to totalitarian oligarchies within our democratic state, They had and they felt no responsibility to the nation."

Oct 22 07:37

MarketWatch: Wall Street's 'Disaster Capitalism for Dummies'

Finally, the coup de grace: Along came the housing-credit crisis, as planned. Press and public saw a negative, a crisis. Disaster capitalists saw a huge opportunity. Yes, opportunity for big bucks and control of America. Millions of homeowners and marginal banks suffered huge losses. Taxpayers stuck with trillions in debt. But giant banks emerge intact, stronger, with virtual control over government and the power to use taxpayers' funds. They're laughing at us idiots!

Oct 22 06:01

India launches 1st unmanned moon mission

As India's economy has boomed in recent years, it has sought to convert its newfound wealth — built on the nation's high-tech sector — into political and military clout. It is hoping that the moon mission — coming just months after finalizing a deal with the United States that recognizes India as a nuclear power — will further enhance its status.

READ ABOUT IT HERE

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While US political hacks fight to see who can steal the most from the ignorant citizens ...

Oct 22 05:53

Paulson vows action on crisis as earnings stagger

Wachovia Corp., which is being bought by Wells Fargo for about $14 billion in stock, said Wednesday it lost $23.89 billion in the third quarter. It earned $1.62 billion in the same quarter a year ago. Airplane maker Boeing reported its earnings slumped 38 percent as a strike halted production of commercial jets.

Tech companies are taking a hit, too, as the economy slows and spending by consumers and businesses drops. Yahoo is slashing 1,500 jobs while it braces for a deep downturn likely to extend well into 2009.

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Oct 22 03:15

How the US Treasury is like Caesar’s wife

Since the onset of the financial crisis, the assets and liabilities of the US banking system have increasingly been consolidated onto the balance sheets of the Federal Reserve and the US Treasury.

Oct 22 03:08

The Realignment of Power

We are all standing dumbstruck in front of a Giant Onion whose layers are being peeled away one at a time. With each layer exposed, the reality dawns brighter and we are beginning to discover real meaning behind current events.

Oct 22 00:00

Powell Warns of Crisis "We Don't Even Know About Right Now"

"The problems will always be there and there's going to be a crisis which will come along on the 21st, 22nd of January that we don't even know about right now.

Oct 21 23:58

David Gergen Explains New World Order in Confrontation

Gergen revealed that as an insider, he could predict the outcome of the current economic crisis. In response to a question about the New World Order, Gergen stated that the standard of living of the American people would fall by 40%, ushering in an era of austerity.

This plan in which he stated that the post-World War II prosperity of America was coming to an end. One must conclude that this is a coordinated plan by the governing class to restrict the resources of the planet to stunt the growth of the middle class.

Oct 21 21:20

Albright confirms Biden's "premonition"

????? Why do they feel the need to say something like this when they know it can only hurt their candidate's position?

-------

Kooch

Check out my politically-charged rock band, ThE Gitmos, at:
http://www.myspace.com/thegitmos

Oct 21 18:34

Walking the Dog - A True Story

I thought this one would be interesting considering all the talk of airlines and the fear of flying.

Walking the Dog

A woman was flying from Seattle to San Francisco. Unexpectedly, the plane was diverted to Sacramento along the way. The flight attendant explained that there would be a delay, and if the passengers wanted to get off the aircraft the plane would re-board in 50 minutes.

Oct 21 16:25

Russia, Iran and Qatar Consider Forming Natural Gas Cartel

Russia Iran and Qatar discussed forming an OPEC style cartel on natural gas. Although this would have little direct effect on the United States, since nearly all natural gas consumed in the US comes from the US or Canada, there is much concern in Europe over future energy costs there.

Closer strategic ties between Iran and Russia will make it harder for the US to justify its position on Iran's nuclear power program.

Oct 21 15:30

Daily Show Visits Wasilla- Must See!!

Jason Jones Talks with locals and current Mayor of Wasilla on her very important duties ROFL!!

Oct 21 13:34

Banks ADMIT They'll Keep on Hoarding Cash

The banks are going to sit on the cash, not loan it out. So can everyone please stop saying that the bailouts were necessary to increase liquidity

Oct 21 13:20

16 Words: New Court Filing Suggests Manufactured Terror Threat in Bush's 2002 State of the Union

The filing--"Lakhdar Boumediene, et al., Petitioners, v. George W. Bush, President of the United States, et al., Respondents, Petitioners' Public Traverse to the Government's Return to the Petition for Habeas Corpus"--lays out the case that the Bush administration threatened at the highest levels to withdraw diplomatic and military aid to the Balkan nation if Bosnia released the men, which its own three-month investigation had found innocent of any terrorism charges in the days leading up to Bush's January 2002 State of the Union.

Oct 21 12:52

Is Wolf Blitzer an unbiased journalist? You tell me...

There are two sides to every story - I wonder if Wolf Blitzer can see both sides of stories involving the Middle East?

Oct 21 12:48

New York City, inside World Trade Center 7

If this is chapter 11 of the screenplay.. I want to see the movie.

CIA agent Anthony Bruschuto hung up the phone. General Bark noticed his sly smile and asked, "Who was that?"
"Ted."
"What did he want?"
"He said, 'Make sure that bitch is on the plane'."
General Barker laughed, "Did you tell him we escorted Barbara to Flight 11 with a pair of agents almost an hour ago?"
"That's exactly what I said."
"Alright, let's get down to serious business then."

Oct 21 12:05

Study: U.S. suicides rising; risk high in middle age

It used to be understood that if you worked hard enough, got a good education, were honest you could go anywhere and do anything. No longer.

Now that the United States economy has been hollowed out, looted...turned into a 3rd world country...with no jobs, no health care, no social security...our country run by a criminal cabal sitting atop a police state, what future is there to look forward to?

Oct 21 11:13

Mutant Seeds for Mesopotamia

Programmed famine anyone?

Oct 21 09:32

Ron Paul: "Leaders 'don't understand markets"

While running for the Republican presidential nomination, Rep. Ron Paul of Texas frequently sounded the alarm regarding the nation’s fiscal health. Years ahead of the current economic crisis, Paul was questioning the nation’s debt level, now an acutely pressing issue amid all the recent stock market volatility.

Oct 21 05:25

OPEC Plans Supply Cut as Crude Oil Heads Toward $50

Comment: Lindsey Williams predicted this in July 2008 on a radio show with Alex Jones.

Oct. 20 (Bloomberg) -- OPEC, the supplier of more than 40 percent of the world's oil, plans to cut output for the first time in almost two years as the worst financial crisis since the 1930s sends crude toward $50 a barrel.

Oct 21 00:51

"Bush Guilty Of First Degree Murder"

7 minute video

Oct 21 00:42

Firms must now pay up credit swaps

Financial experts are closely - and nervously - eyeing Tuesday as a major test of the strength of credit markets as major Wall Street firms are forced to pony up billions of dollars in payments for “credit default swaps” tied to the collapse last month of Lehman Brothers.

Oct 21 00:38

It's time for a new world order

Yes, we need entrepreneurs and financiers, but we also need a new world order where amassing enormous personal wealth on the backs of the lowly paid is viewed as immoral and where routes to tax-free havens are closed down.

Oct 21 00:35

Don't force EU's new world order on America

Politics may make strange bedfellows, but economic crises make even stranger ones. Gordon Brown, a free trader, now finds that Nicolas Sarkozy, an arch-protectionist, has virtues he had not previously noticed...

Oct 21 00:27

Happy Holidays America ! Love, Uncle Ben

I was wondering yesterday exactly why the Dow and Nasdaq were so cheery yesterday. Alas, it didn't turn out to be very surprising.
Helicopter Ben is loading up the Black Hawk with even more of the Cash that the US just does not have and will be raining it down as the Festive season starts.
This time it's called "An Economic stimulus package"...

Oct 20 22:26

Pseudo Talibans

There could be certain different affiliations of these created groups and due to the affiliations some sub-group also formed and these newly formed groups may also fall in the premises of different nefarious designs for the time being thus affecting their image and presence.

As far as the case of ‘Talibans’ is concerned local tribal people or groups of people (at Pakistani western borders) are not actually ‘Talibans’ in the sense and terminology what Bush Administration use.

Oct 20 22:19

UN Refusal to Probe Benazir Bhutto’s Assassination

So this murder also goes to the list of innocent killing all over the world by some powers to safe-guard their interests all over the globe.

Oct 20 22:01

Poll: who will win the presidency?

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