Current Events and Links
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See Articles after January 1, 2011
Federal Reserve May Be `Central Bank of the World' After UBS, Barclays Aid
Dec. 1, 2010 - Disclosures about the borrowers of $3.3 trillion from
emergency programs reveal that foreign banks like UBS and Barclays received more help than US banks.
- “We’re talking about huge sums of money going to bail out large foreign banks,” said Senator Bernard
Sanders... “Has the Federal Reserve become the central bank of the world? I think that is a question
that needs to be examined.”
- Source: Bloomberg
Paul poised to take on 'atrocious' Fed at head of Financial subcommittee
Dec. 1, 2010 - Texas Congressman Ron Paul, author of a best-selling book that calls for the
abolition of the Federal Reserve Board, may become chairman of the Financial Services subcommittee
that oversees that organization.
- With the power of that pulpit, Paul said he hopes to shine a light on the Fed’s policies,
which he has long criticized as opaque and secretive, and make the case that the bank’s monetary
policies harm the U.S. economy.
IMF Article Predicts New World Order
Oct. 6, 2010 - In the current economic turmoil, the International Monetary Fund is apparently striving to
become the global financial authority and world bank, and many people believe it is destined to reach this goal in
the near future. This analysis is drawn from a major article, Money Is Power: An Inside View of the IMF's Massive
Global Influence from yesterday's Der Speigel. That article calls the emerging G20 ("that coalition of the
strongest economies, the center of power in a new world,") and the IMF "The New World Order."
Europe, the United States and the United Nations have all become too slow and fragmented to compete with "dashing
powers like India and China." (This is interesting, since the IMF, headquartered in Washington D.C., is an arm of
The director of the IMF is Dominique Strauss-Kahn.
- There is no hesitancy here. If there was ever a literary coming-out party for elite intentions
to create a one-world financial structure, it would seem to us to be this article.
- Source: The Daily Bell - Switzerland
Money Is Power: An Inside View of the IMF's Massive Global Influence - Der Speigel
Rampant Inflation In 2011? The Monetary Base Is Exploding, Commodity Prices Are Skyrocketing And The Fed Wants To Print Lots More Money
- Source: The Economic Collapse
Doomsday warnings of US apocalypse gain ground
Sept. 12, 2010 - A variety of respected analysts are predicting more economic woes for the United States, and some predict an economic melt-down. Boston University professor Laurence Kotlikoff, imagined a doomsday scenario about an economic clash between superpowers the United States and China, which holds more than 843 billion dollars of US Treasury bonds.
This could result in a massive sell-off of US treasury bonds, which would then force the government to print more money to pay for them, leading to hyper-inflation.
- "A minor trade dispute between the United States and China could make some people think that other people are going to sell ," he wrote in the IMF's Finance & Development review.
- Source: Breitbart
Headlines about current ecconomic trends
Aug. 13, 2010 -
- US Debt Clock
- Deficit in July Totals $165.04 Billion - Wall Street Journal
- The Death of the Dollar - American Thinker
- German economy sees 'record' growth of 2.2% - BBC
IMF blueprint for a global currency – yes really
Aug. 4, 2010 - News sources are just now picking up the significance of an April report from the International Monetary Fund (IMF) written by Reza Moghadam, their director of strategy.
The report discusses how the IMF sees the International Monetary System evolving after the financial crisis. It will take time to implement, but basically they think that the best way to ensure the stability of the international monetary system (post crisis) is actually by launching a global currency.
- Source: The Intel Hub
- Reserve Accumulation and International Monetary Stability (pdf) - International Monetary Fund
A Nightmare Scenario: U.S. Debt and China's Power
July 15, 2010 - Chuck Colson sounds the alarm that the massive US debt (130 trillion dollars!), held largely by the Chinese, could lead to an overnight collapse of our economy and a dictatorial take-over of our government!
- Source: Chuck Colson - Crosswalk
- Debt and Immorality - Video
- Kudzu Government - Vital study on this topic
- China may switch to currency basket for forex rate - MarketWatch
- White House predicts record
$1.47 trillion deficit for '10: Government borrows 41 cents of every dollar it now spends
Russia to Help Spur New Economic Order, Medvedev Says
June 19, 2010 - According to Russian President Dmitry Medvedev, Russia will use tax incentives and other free-market economic policies to turn the country into a destination for innovators from around the world.
Medvedev asked billionaire Viktor Vekselberg, owner of Renova Group, to develop a Russian version of Silicon Valley in the Moscow suburb of Skolkovo. Investors will be enticed by tax breaks and other incentives to spur innovation and production of high-technology products.
- The government will abolish taxes on capital gains from long-term direct investments starting next year, seeking to lure funds to reduce the economy’s energy dependence and subdue speculative capital, Medvedev said.
- Source: Bloomberg Businessweek
- Medvedev Pushes Ruble Reserve Currency to Cut Dollar Dominance - Bloomberg Businessweek
- From June, 2009 - Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8 - Bloomberg Businessweek
- Picture on Drudge Report - Today only
Dow Takes a Harrowing 1,010.14-Point Trip
May 6, 2010 - An apparent mistake by a trader caused the Dow Jones Industrial Average to go into a 1,000-point tailspin.
- The Dow eventually rebounded to close down 347.80 points, or 3.2%, at 10520.32, its worst percentage decline since April 2009. Stocks from Dow components Procter & Gamble and 3M suffered precipitous declines. At one point shares of P&G tumbled 37%.
- Source: Wall Street Journal
Fox News Poll: 79% Say U.S. Economy Could Collapse
Mar. 23, 2010 - Following the approval of the Democrats health plan, a new Fox News poll reports that 79 percent of voters think it’s possible the American economy could collapse, including large majorities of Democrats (72 percent), Republicans (84 percent) and independents (80 percent).
- Moreover, 78 percent of voters believe the federal government is "larger and more costly" than it has ever been before, and by nearly three-to-one more voters think the national debt (65 percent) is a greater potential threat to the country’s future than terrorism (23 percent).
- Source: Fox
- Why America Is Not Mentioned In Prophecy - Ron's Blog
- Health Care Reform Enacted—Now What? - Christianity Today
Blue Dog Pack Threatens to Bail on Health Care Over Abortion Language
Mar. 4, 2010 - House of Representatives member Bart Stupak and 10 other "Blue Dog" Democrats are upset that Stupak's provision that prohibits the use of federal money to pay for abortions is not in President Obama's health care bill language.
- "We're not gonna vote for this bill with that kind of language in there," Stupak said Thursday in an interview on ABC's "Good Morning America."
- Source: Fox
Man who broke the Bank of England, George Soros, 'at centre of hedge funds plot to cash in on fall of the euro'
Feb. 27, 2010 - George Soros and other members of a secretive group of Wall Street hedge fund bosses are said to be behind a plot to cash in on the decline of the euro. The euro has been weakened by Greece's debt crisis and financial insecurity in Portugal, Italy, Spain and Ireland.
- But, it has also struggled because hedge funds have been placing huge bets on the currency's decline, which could make the speculators hundreds of millions of pounds.
- Source:Daily Mail - UK
Debit card spending to overtake cash this year
Jan. 20, 2010 - In Europe use of debit cards was up 10 per cent last year.
Visa Europe predicted that debit card spending will overtake cash as a method of payment this year.
- It means that 77 per cent of its business was now done with debit cards, rather than credit cards, the use of which stalled over the past year.
- Source: Telegraph - UK
See Articles before January 1, 2010
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