Bernanke Running Amuck, Trashing History And Threatening America's Future - By Martin Weiss (24/3/10) PDF Print E-mail
Martin Weiss   
Wednesday, 24 March 2010 08:34

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MUST-WATCH VIDEO: Morgan Stanley's Stephen Roach Discusses Yuan, U.S. Economy (23/3/10) PDF Print E-mail
Posted by Administrator   
Monday, 22 March 2010 23:11



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Stephen Roach Says It's Time To "Take Out The Baseball Bat On Paul Krugman" - By Tyler Durden, Zero Hedge (23/3/10) PDF Print E-mail
By Tyler Durden, Zero Hedge   
Monday, 22 March 2010 23:03

The Chairman of Morgan Stanley Asia is about as direct as one can be in the following Bloomberg interview: "We should take out the baseball bat on Paul Krugman -- I mean I think that [his] advice [to push China to revalue the Renminbi] is completely wrong.” Well, somebody had to finally say it. So instead of pointing the scape-goating finger somewhere else, which seems to be the norm these days (cue G-Pap and his quadrillionth repetition that Greece is perfectly solvent and that unless somebody bails him out (ignore the lack of logic for a second), he will start playing Russian roulette with a fully loaded gun), Roach looks in the mirror: "America does not have a China problem. America has a savings problem. America has the biggest savings shortfall of any leading country in modern history, When you don't have savings you have to run current account deficits to import surplus savings from abroad and run massive trade deficits to attract the capital... Isn't it the height of hypocrisy that America can articulate a particular position in its currency but the Chinese are not allowed to do that." Also some not so kind words about Senator Schumer: "He always has a view no matter where the Renminbi is, that it is 27.5% undervalued."



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Revealed: Ashcroft, Tenet, Rumsfeld Warned 9/11 Commission About 'Line' It 'Should Not Cross' - By Sahil Kapur (22/3/10) PDF Print E-mail
Sahil Kapur   
Monday, 22 March 2010 12:25

The Raw Story

Senior Bush administration officials sternly cautioned the 9/11 Commission against probing too deeply into the terrorist attacks of September 11, 2001, according to a document recently obtained by the ACLU.


The notification came in a letter dated January 6, 2004, addressed by Attorney General John Ashcroft, Defense Secretary Donald H. Rumsfeld and CIA Director George J. Tenet. The ACLU described it as a fax sent by David Addington, then-counsel to former vice president Dick Cheney.

In the message, the officials denied the bipartisan commission's request to question terrorist detainees, informing its two senior-most members that doing so would "cross" a "line" and obstruct the administration's ability to protect the nation.



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Blair's Fight To Keep His Oil Cash Secret - Former PM's Deals Are Revealed As His Earnings Since 2007 Reach £20million - By Jason Groves (22/3/10) PDF Print E-mail
Jason Groves   
Sunday, 21 March 2010 19:53

The Daily Mail, UK

Tony Blair waged an extraordinary two-year battle to keep secret a lucrative deal with a multinational oil giant which has extensive interests in Iraq.

The former Prime Minister tried to keep the public in the dark over his dealings with South Korean oil firm UI Energy Corporation.

Mr Blair - who has made at least £20 million since leaving Downing Street in June 2007 - also went to great efforts to keep hidden a £1 million deal advising the ruling royal family in Iraq's neighbour Kuwait.



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