opportunity -Abraham Lincoln, assassinated President of the United States. Until the control of the issue of currency and credit is restored to Government and recognized as its most conspicuous and sacred responsibility, all talk of sovereignty of Parliament and of Democracy is idle and futile Once a nation parts with control of its credit, it matters not who makes the nations laws. Usury once in control, will wreck any nation. -William Lyon Mackenzie King former Prime Minister of …
China’s State Reserves Bureau (SRB) has instead been buying copper and other industrial metals over recent months on a scale that appears to go beyond the usual rebuilding of stocks for commercial reasons. Nobu Su, head of Taiwan’s TMT group, which ships commodities to China, said Beijing is trying to extricate itself from dollar dependency as fast as it can. “China has woken up. The West is a black hole with all this money being printed. The Chinese are buying raw materials because it is a …
The Short and Simple Story of the Credit Crisis. By Jonathan Jarvis.
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deposits in the banking system. Second, LaRouche called on the Federal Reserve to make it clear that whenever any commercial banks face insolvency, they will be put through bankruptcy reorganization under Fed protection. LaRouche further emphasized that the Federal government must immediately enact legislation, to massively increase credit for vital infrastructure projects. Today, LaRouche reiterated that the Fed must increase the interest rate to 4 percent. The only exception to this rate …
The Short and Simple Story of the Credit Crisis. By Jonathan Jarvis. Crisisofcredit.com The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. Subscribe to my channel and add me on http FAIR USE NOTICE: We are making this material available in our efforts to advance understanding of environmental, political, human rights,economic, democracy, scientific, and social justice issues, etc. We …
The Short and Simple Story of the Credit Crisis. By Jonathan Jarvis. www.Crisisofcredit.com The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. Subscribe to my channel and add me on http FAIR USE NOTICE: We are making this material available in our efforts to advance understanding of environmental, political, human rights,economic, democracy, scientific, and social justice issues, etc. We …
The slump started with a destabilised housing market in the summer of 2008 and triggered financial turmoil in the markets after it was found these NIJA’s were packaged as financial products which went sour after many defaulted on their loans. This created a run on the banks after confidence was hit and financial speculators went in for the kill. Today the global economy is in depression, the real question is was this cleverly staged?
The slump started with a destabilised housing market in the summer of 2008 and triggered financial turmoil in the markets after it was found these homegrown NIJA’s were packaged as financial products which went sour after many defaulted on their loans. This created a run on the banks after confidence was hit and financial speculators went in for the kill. Today the global economy is in depression, the real question is was this cleverly staged?
The slump started with a destabilised housing market in the summer of 2008 and triggered financial turmoil in the markets after it was found these NIJA’s were packaged as financial products which went sour after many defaulted on their loans. This created a run on the banks after confidence was hit and financial speculators went in for the kill. Today the global economy is in depression, the real question is was this cleverly staged?