Michael Pento, EuroPac | Sep. 2, 2010, 1:27 PM
Word on the street is that the Fed is now "out of bullets."
Many economists fear that in its efforts to spur recovery, the Fed may have already exhausted its array of monetary ammunition and that it has nothing left of significance to fire at the steadily advancing recession.
Global Research, August 31, 2010
Readers of my articles will recall that I have warned as far back as December 2006, that the global banks will collapse when the Financial Tsunami hits the global economy in 2007. And as they say, the rest is history.
Quantitative Easing (QE I) spearheaded by the Chairman of Federal Reserve, Ben Bernanke delayed the inevitable demise of the fiat shadow money banking system slightly over 18 months.
That is why in November of 2009, I was so confident to warn my readers that by the end of the first quarter of 2010 at the earliest or by the second quarter of 2010 at the latest, the global economy will go into a tailspin. The recent alarm that the US economy has slowed down and in the words of Bernanke “the recent pace of growth is less vigorous than we expected” has all but vindicated my analysis. He warned that the outlook is uncertain and the economy “remains vulnerable to unexpected developments”.
By Christine Harper and Saijel Kishan - Sep 4, 2010 5:36 AM CT
Goldman Sachs Group Inc. is shutting its principal-strategies business, a group that makes bets with the firm’s own capital, to comply with new U.S. rules aimed at curbing risk, two people with knowledge of the decision said.
Wall Street’s most profitable investment bank plans to hold off on announcing the wind-down while the 65 to 70 members of the global unit seek new jobs, the people said, speaking anonymously because the internal discussions about the process are confidential. Some traders and support staff may get roles within the New York-based firm, while a team in Asia may raise money for a new hedge fund, the people said.
Posted By Dr. Mercola | September 03 2010
India is in the midst of a flood of suicides among farmers. A new feature film written and directed by Anusha Rizwi and produced by Bollywood megastar Aamir Khan, called Peepli Live, takes a look at this grim topic.
The vast majority of people in India still farm for a living, but are caught between deep debt and the erratic nature of seasonal change.
Indian farmers are pressured into mortgaging their farms to purchase genetically modified seeds, pesticides, and fertilizer from American companies like Monsanto.
* By Susannah Moran
* From: The Australian
* September 01, 2010 12:00AM
PAUL Hogan has vowed to take his five-year fight with the Australian Taxation Office to the bitter end, saying he would rather go bankrupt than pay money he does not owe.
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