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Re: Not on the Nine O'Clock News

Postby pennymachines » Fri Oct 10, 2008 6:33 pm

Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they ``rewrite the rules of international finance.'' ``The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said today after a Cabinet meeting in Naples, Italy. A solution to the financial crisis ``can't just be for one country, or even just for Europe, but global.'
Bloomberg, 10/10/08.

We've been told repeatedly in the mainstream media that nobody could have anticipated the current financial melt down, despite a presidential candidate who was warning about it with ever increasing urgency. In January, Peter Schiff, economic adviser in Ron Paul's campaign said:
We need a plan that stimulates savings and production not more of the reckless borrowing and consumption that got us into this mess in the first place. Ron Paul’s plan is the only one that amounts to a step in the right direction. If you want meaningful change - for the better that is - Ron Paul is the only candidate capable of delivering it. The others merely promise to continue the failed policies that are at the root of our current economic problems
.

Here he talks about the counter-productive effect of the current bailout and buyout strategies:



All the familiar politicians and pundits were apparently clueless before the crisis, so don't expect them to be very informative about causes or remedies. I recommend instead Chris Martenson's CRASH COURSE presentation on how we got where we are today and where we may be heading.

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Re: Not on the Nine O'Clock News

Postby pennymachines » Wed Oct 22, 2008 12:49 am

At the risk of labouring the point...

Jim Rogers, CNBC, 10/10/08


Peter Schiff, CNN, 13/10/08


Peter Schiff - Crash Proof. How we got into this mess. You don't need to be an economist!


Ron Paul, CNN, 17/10/08


Martin Summers, Former East European projects officer for the New Economics Foundation, 18/09/08

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Re: Not on the Nine O'Clock News

Postby pennymachines » Wed Oct 22, 2008 8:46 pm

The unimpeachable president speaking to the nation in 2002




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Re: Not on the Nine O'Clock News

Postby pennymachines » Fri Oct 24, 2008 8:42 pm

Former hedge fund manager and best-selling author Jim Cramer expresses outrage at the rigged stock market on CNBC.



Returning to 9/11 - French comedian Jean-Marie Bigard describes how expressing his disbelief of the official 9/11 myth resulted in a barrage of criticism from the media and the loss of his radio show. I disagree with his final comment "it could only happen in France". German documentary makers Willy Brunner and Gerhard Wisnewski were fired and blacklisted by the TV channel that commissioned their 9/11 film. Former Minister for the Environment Michael Meacher faced vitriolic attacks in the press for an article he penned about the attacks but tellingly there was no coverage of it on television.


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Re: Not on the Nine O'Clock News

Postby pennymachines » Sun Nov 09, 2008 12:25 am

Martin Summers, former East European projects officer for the New Economics Foundation and former Bosnian aid worker with CAFOD, and Amnesty International discusses the recent conflict in South Ossetia and gives his opinion regarding the political background to the crisis and where it may lead.


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Re: Not on the Nine O'Clock News

Postby pennymachines » Tue Nov 11, 2008 2:16 am

The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers... Americans have no idea where their money is going or what securities the banks are pledging in return.
We don't have to go to Al Jazeera or Iranian TV for that astonishing revelation - it's published by mainstream insider Bloomberg Business News, 10/11/08.
The Fed Chairman and Treasury Secretary promised to comply with congressional demands for transparency in allocating the $700 billion bailout. They broke that promise by redacting key contracts in the documentation. Now it's revealed they are refusing to disclose the details of $2 trillion ($2,000,000,000,000.00) of emergency lending.
Federal Reserve spokeswoman Michelle Smith declined to comment on the loans or the Bloomberg lawsuit. Treasury spokeswoman Michele Davis didn't respond to a phone call and an e-mail seeking comment.

President-elect Barack Obama's economic adviser, Jason Furman, also didn't respond to an e-mail and a phone call seeking comment from Obama. In a Sept. 22 campaign speech, Obama promised to ``make our government open and transparent so that anyone can ensure that our business is the people's business.''
Is the media circus around the presidential election just designed to distract us from who really makes the decisions?

First mention of an international depression in mainstream media?
DUBAI, Nov 9 (Reuters) - The "D" word has crept into the debate ahead of the Washington G20 crisis summit.
Not Deflation, but Depression.
The result -- according to the thinking of some officials, advisors and strategists gathered at a meeting of the World Economic Forum in Dubai -- is that governments and central banks should throw caution to the wind and combat the crisis with every means available.
"There is a real possibility of a real, deep, international depression," said one senior monetary official, who spoke on the condition of anonymity, calling the crisis "the worst in 100 years".
The Guardian, 09/11/08.


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More Depression

Postby pennymachines » Thu Nov 13, 2008 5:29 pm

Barely has recession been officially declared before talk of a great depression goes mainstream...

George Soros testified at a House Oversight and Government Reform Committee hearing today that "a deep recession is now inevitable and the possibility of a depression cannot be ruled out" while Gerald Celente of Trends Research Institute predicts a worse depression than the 1930s with revolution, food shortages, riots, marches and America becoming the first undeveloped country in the world. Fox Business News, 10/11/08




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Re: Not on the Nine O'Clock News

Postby pennymachines » Mon Nov 17, 2008 1:51 am

Interim Assistant Secretary of the Treasury for Financial Stability Neel Kashkari grilled at Domestic Committee meeting. CBS News, C-Span, 14/11/08

The exasperation and outrage felt by congressmen who voted against the bailout is evident in these short extracts from the 4+ hour session. It wasn't evident, however, in the carefully edited major TV channel coverage.















A comment on the secret plan



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Re: Not on the Nine O'Clock News

Postby pennymachines » Wed Nov 19, 2008 12:40 am

No oversight on the bailout - nor was there ever going to be. Congress won't freeze the payments - the coup d’état is complete.
CNN, 17 November 2008


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Re: Not on the Nine O'Clock News

Postby pennymachines » Wed Nov 26, 2008 1:01 am

The man the "experts" mocked - Peter Schiff (Ron Paul's economic adviser) tries to warn of the impending crunch in 2006 & 2007



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