Charman bernancke (wed 2-25-2010) warned Congress that the Federal Reserve would not back US spending at current deficits. That means financing from overseas, tax hikes, or default. It also means a severe limitation on funds supplied to the system. Expect credit to dry up almost completely, and interest rates to rise as money becomes scarce…! Washington Post: Article www.washingtontimes.com Donate: Donate: www.s119320640.onlinehome.us
Feb. 22 (Bloomberg) — Bloomberg’s Monica Bertran reports on new credit-card rules that take effect today and their potential impact on card issuers. (Source: Bloomberg)
Crisis in the Credit System is a four-part drama dealing with the credit crisis, scripted and directed by artist Melanie Gilligan. A major investment bank runs a brainstorming and role-playing session for its employees, asking them to come up with strategies for coping with todays dangerous financial climate. Role-playing their way into increasingly bizarre scenarios, they find themselves drawing disturbing conclusions about the deeper significance of the crisis and its effects beyond the world of finance. Using fiction to communicate what is left out of documentary accounts of the crisis, the short, TV-style episodes reflect the strangeness of life today in which the financial abstractions that govern our lives appear to be collapsing. Crisis in the Credit System, commissioned and produced by Artangel Interaction, is the result of extensive research and conversation with major hedge fund managers, key financial journalists, economists, bankers and debt activists. www.crisisinthecreditsystem.org.uk
Exhibits and Archive Director, Museum of American Finance Website: www.moaf.org You may think you've heard all you need to about the credit crisis. Well, we're not out of the woods yet and the Museum of American Finance located on Wall Street has an exhibit tracking the crisis progression. If you still don't understand credit default or deviation, pay a visit. But first, listen to Leena Akhatar. exhibits director, bring the current economic turmoil to life with Judith West on Getting Your Money's Worth.
www.twitter.com www.facebook.com Billionaire Bill Bartmann, CEO of Bartmann Enterprises, appears on America’s News HQ on Fox News and provides successful strategies for how to get out of credit card debt.
Every week Max Keiser looks at all the scandal behind the financial news headlines. On todays show Max Keiser and co-host Stacy Herbert look into the scandals of the inexplicable Timothy Geithner, the crisis levy planned by Obama, and luxury cruise liners in Haiti. Keiser also talks to Ann Minch, who started a Debtors’ Revolt in the US by refusing to pay her credit card bill unless her bank lowered their rate.
The trouble that began on Wall Street is beginning to trickle down to Main Street, as small businesses find credit tightening up. Many banks are wary about lending until it’s clear who will take responsibility for the bad debt they are carrying. Many small business owners are finding it hard to borrow to finance their operations, and they worry about whether their customers will be able to buy their products. Leta Hong Fincher has more.
A Second wave of Adjustable loans will push Real Estate lower the middle of 2010 through the middle of 2011. … Buy Real Estate. Inflation hyperinflation dollar collapse Estate Crash Bubble Bottom When to buy Drop Ron Paul. Peter Schiff. Jim Rogers. Marc Faber Warren Buffett. Gold Subprime Alt-A Option Arms GOLD before the collapses Finance crisis economy Schiff Alex Jones gerald celente Max Keiser Rogers Banks deficit debt credit yen silver swiss franc warren buffett …
Who will finance our debt? Who has confidence in the fiscal responsibility of the US congress? Will our dollar collapse, and if it does, what will be the consequence of such a collapse? I don’t know the answers to these questions, but I do know one thing, and that is that I hate my government; they are corrupt, right down to the bone. The corruption is cancerous, so drastic steps must be taken; they must be replaced in their entirety. jbranstetter04 Why do Japan and China keep on buying …
