Meltdown – in the news March 27 2008

Credit Crunch Fallout: Germans Fear Meltdown of Financial System
Germany and other industrialized nations are desperately trying to brace themselves against the threat of a collapse of the global financial system. The crisis has now taken its toll on the German economy, where the weak dollar is putting jobs in jeopardy and the credit crunch is [...]

How to Contest Your Own Foreclosure

The author quotes Jefferson on the threat posed by a private banking system to our national liberties, then notes that many if not most foreclosures may be illegal because the securitized trusts pursuing them don’t have recorded evidence that they own the loans. Yet most foreclosures go through by default because the homeowners don’t contest [...]

In the News the Week Ending March 23,2008

Tent cities have sprung up outside Los Angeles as people lose their homes in the mortgage crisis.  See this short BBC Production.  http://www.youtube.com/watch?v=CnnOOo6tRs8
Richard Cook, “Whose Money Is It?”  (March 23, 2008)  http://www.globalresearch.ca/index.php?context=va&aid=8424
Gretchen Morgensen, “Federal Reserve ‘rescues’ Sink Speculators”   http://www.iht.com/articles/2008/03/23/business/morg.php

The Bear acquisition: JP Morgan consolidates its holdings at the expense of teachers and other public employees

At a 1968 meeting of the secretive globalist group known as the Bilderbergers, a U.S. official named George Ball spoke of creating a “world company.” Ball was U.S. Undersecretary of State for Economic Affairs and a managing director of banking giants Lehman Brothers and Kuhn Loeb. The “world company” was to be a new form [...]

Systemic failure – in the news the week ending March 16, 2008

Paul Krugman in the New York Times:
I used to think that the major issues facing the next president would be how to get out of Iraq and what to do about health care. At this point, however, I suspect that the biggest problem for the next administration will be figuring out which parts of the [...]

Systemic failure

The financial crisis goes deeper than a declining housing market –
“Wall Street banks face ’systemic margin call,’ Morgan warns,”
by Walden Siew, Reuters, March 8, 2008
http://tinyurl.com/2zhpl4
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See also
“Carlyle fund faces liquidation after missed margin calls,”
by Sean Farrell, 8 March 2008
http://tinyurl.com/36j3f9
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Also
Martin Weiss, “The Credit Collapse of 2008,”
March 10, 2008
http://www.moneyandmarkets.com/Issues.aspx?NewsletterEntryId=1522

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And what the conspiracy theorists are saying about all this (good [...]

Works of art are never finished . . .

I just received a nice query that prompted such a long response that I’ve decided to post both here: 
Anne Says:
March 2, 2008 at 5:06 pm   Ellen: I’m still reading the first edition of your book (and I am so grateful for the clarity of it all; what a welcome education). Are you able to quickly [...]