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Archive for the 'Economics' Tag
51 post(s) are associated with this Tag
Video: Why the Bailout won’t work
This video has just been published but reality at the stock markets around the world has already been showing us how true some of these statements actually are.
The video puts the so-called 700 Billion bankers pensions and further profit plan Bailout plan into perspective with the Trillion Dollars Pentagon SNAFU, the actual size of the crisis (we have reported about that earlier) and the amounts currently being flooded into the banks / markets by the FED…
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How much is One Billion
There have been quite a few comparisons what could be done with USD 700 Billions (700,000,000,000 Dollar) instead of assuring fat profits for a few - health insurance for all, fight poverty in Africa for ten years, save the planet instead of the bankers, pay for the work of more than 22 Million people for one year - but the best examples to visualize and put back into perspective how much only one Billion alone is, we listed below…
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USA: Let’s play Wall Street Bailout
A very interesting speech by Rep. Marcy Kaptur (D-Ohio) during the congress debate on the so-called Bailout (transcript below)…
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Comedy: Bird & Fortune - Subprime Crisis
In one of their greatest sketches from this year the Long Johns describe the key concepts behind the subprime crisis. This is a few months old so they still talk about Bear Sterns as a live company.
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USA: Bailout Driven by Fear Not Fact
Ohio congressman Dennis Kucinich suggested the $700 billion bailout package was sending America towards ‘casino socialism, where the only real product is debt.
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The Incredible Lightness of Being: Today Wall Street
I guess there is not much that need to be said on what happened today at Wall Street. We dropped in charts of the leading stock indexes / average (DJIA & NASDAQ) for documentation.
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Bail-Out: Fallen Masters
This is definitely our last post for a while on this topic but the video is done so well that we thought you should watch it.
Basically - in essence - what some of those responsible for the crisis might believe that will happen to them in the future. Nothing, they will just carry on enjoying your money.
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Humor: The true story behind the U.S. 700 Billion Bail-out plan
Much has been said this week about the so-called USD 700 Billion bail-out plan for banks by the current U.S. administration and finally the right question was asked in congress yesterday - How did you arrive at that USD 700 billion number…
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Germany: How to burn 300 Million of Taxpayer’s money in a second
I guess everybody in the banking world around the globe has heard about the Lehman bankruptcy latest this Monday morning, everybody besides Germany’s largest government owned bank - KfW.
In an attempt to win the Darwin award for banks or by taking the name of the bank to literally (KfW - translated: Bank for Reconstruction), they transferred 300 Million Euros to already bankrupt Lehman during Monday. At the same time their government colleagues were closing the German Lehman subsidiary…
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Banking Crisis: The next domino stones are falling
Certainly when you were watching the news today or read a newspaper this morning you could not avoid learning that the next “most prominent” victims of the current banking crisis were biting the dust.
I was quite interesting what kind of nonsense was pushed around in the mainstream media to calm down Mr & Ms Jones concerns about their money in the bank - one commentator / self-proclaimed expert was even thickheaded enough to say that…
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