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Ben Bernanke, the chairman of the US Federal Reserve board, has been named Time Magazine’s Person of the Year.
The magazine said the recession itself was the story of the year and without Mr Bernanke at the helm it would have been a lot worse.
Mr Bernanke, who is 56, is a former Princeton University professor and [...]
There’s the president of the United States, sitting in the Cabinet room at the White House, cameras rolling, talking with the heads of the country’s biggest banks, each one of which had benefited from an extraordinary government effort last year to prevent the financial system from collapsing. The purpose of the meeting is to pressure [...]
Link here: http://www.martinarmstrong.org/files/The-Dow-the-Future-Theory-Myth-12-6-09.pdf
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a lot of information and right up to date..well researched and prophetic as usual
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Facing opposition from Republican lawmakers, the Obama administration is extending its $700 billion financial-rescue program until next October, as expected, Treasury Secretary Timothy Geithner said Wednesday.
The Troubled Asset Relief Program, which has been a lightning rod for criticism that the government aided Wall Street while ignoring Main Street, had been set to expire Dec. 31. [...]
As I have previously shown, speculative derivatives (especially credit default swaps or “CDS”) are a primary cause of the economic crisis. They were largely responsible for bringing down Bear Stearns, AIG (and see this), WaMu and other mammoth corporations.
According to top experts, risky derivatives were not only largely responsible for bringing down the American (and [...]
We got the heavy reaction in gold that we had been expecting for some days on Friday. The problem is that we also got a big important breakout in the dollar, which we had acknowledged as a significant possibility for some time. This is not good news for commodities and not good news for the [...]
http://www.marketwatch.com/story/kuwait-fund-sells-41-billion-stake-in-citigroup-2009-12-06
SAN FRANCISCO (MarketWatch) — Kuwait’s sovereign wealth fund on Sunday said it has sold a $4.1 billion stake in Citigroup, according to a news report.
The Kuwait Investment Authority said it made a profit of $1.1 billion from the sale, or a 36.7% return on the investment, Dow Jones Newswires reported, citing an emailed statement,
The KIA [...]
You are about to read a list of 45 goals that found their way down the halls of our great Capitol back in 1963. As you read this, 39 years later, you should be shocked by the events that have played themselves out. I first ran across this list 3 years ago but was unable [...]
The following information may be the most important we have ever published. One of our Intel sources, highly placed in banking circles, tells us that on 1/1/10 all banks that have received TARP funds have been informed by the Federal Reserve that they must further restrict any commercial lending. Loans have to be 75% collateralized, [...]
Paul Reynolds, head of Rothschild’s advisory operations in the Middle East, was this week asked to work for the Dubai government’s chief restructuring officer alongside Aidan Birkett of Deloitte, who was appointed on Wednesday.
The team is tasked with assessing the group’s assets, which is likely to result in a large scale sell-off of assets as [...]
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