Another Wave Of Foreclosure Looms - By Stephanie Armour (23/11/09) PDF Print E-mail
Stephanie Armour   
Monday, 23 November 2009 08:39

USA TODAY

A second wave of foreclosures is poised to hit the market, potentially undermining housing recovery efforts as more homes add to the glut of inventory and drive down prices.

These homes largely represent loans that are delinquent but have not yet resulted in foreclosure sales.

About 7 million properties are destined to go into foreclosure, according to a September study by Amherst Securities Group, compared with 1.27 million properties in early 2005.



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Red Alert: The Second Wave of The Financial Tsunami - The Wave Is Gathering Force and Is Most Likely to Hit the Global Economy Between the First and Second Quarter of 2010. Count On It! - By Matthias Chang (23/11/09) PDF Print E-mail
By Matthias Chang   
Sunday, 22 November 2009 21:12

Many of my friends who have been receiving my e-mail alerts over the last two years have lamented that in recent weeks I have not commented on the state of the global economy. I appreciate their anxiety but they forget that I am not a stock market analyst who is paid to write articles to lure investors back into the market. My website is free and I do not sell a financial newsletter so there is no need for me to churn out daily forecasts or analysis.

However, when the data is compelling and supports an inevitable trend, it is time for another review. This Red Alert is to enable visitors to my website to take appropriate actions to safeguard their wealth and welfare of their families in the coming months.

Since the last quarter of 2008, unrelenting currency warfare has been waged by the key global economies and while this competition thus far has been non-antagonistic, it will soon be antagonistic because the inherent differences are irreconcilable. The consequences to the global economy will be devastating and for the ordinary people, massive unemployment and social unrest are assured.

The policy-makers of these countries faced with the total collapse of the international financial architecture have concluded that the solution, the only solution is quantitative easing (i.e. massive injection of liquidity) to salvage the “too big to fail” banks and reflate their depressed economies. This is best reflected in Bernanke’s candid remark that, “the US government has a technology, called the printing press (or today, its electronic equivalent), that allows it to produce as many US dollars as it wishes at essentially no cost”.

This is the crux of the problem!



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Last Updated on Monday, 23 November 2009 08:29
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The Complete Guide To Killing Non-Jews - Introduction by Gilad Atzmon (20/11/09) PDF Print E-mail
Gilad Atzmon   
Friday, 20 November 2009 08:41

Information Clearing House

It is rather impossible to grasp the magnitude of the crimes against humanity performed by the Jewish state in the name of the Jewish people unless one elaborates on Jewish culture in the light of Judaic teaching.

Zionism was founded as a secular movement. It was there to provide the emancipated Diaspora Jew with a ‘national home land’ of his or her own. However, Zionism was rather effective in transforming the Old Testament from a spiritual text into a land registry. As the truth of Israeli barbarism is unfolding a devastating continuum is being established between Israeli murderous policies and Judaic Goy hating.



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MUST-WATCH VIDEO: Dispatches: Inside Britain's Israel Lobby (19/11/09) PDF Print E-mail
Posted by Administrator   
Thursday, 19 November 2009 14:32

Dispatches: Inside Britain's Israel Lobby



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Last Updated on Friday, 20 November 2009 21:17
 
Geithner Singled Out In TARP Watchdog Neil Barofsky's Scathing Report On AIG Bailout - By Shahien Nasiripour (19/11/09) PDF Print E-mail
Shahien Nasiripour   
Thursday, 19 November 2009 07:39

Huffington Post

A brutal report issued Monday by a government watchdog holds Timothy Geithner -- then the head of the Federal Reserve Bank of New York and now the nation's Treasury Secretary -- responsible for overpayments that put billions of extra tax dollars in the coffers of major Wall Street firms, most notably Goldman Sachs.

The authoritative new narrative describes how, while bailing out insurance giant AIG last fall, a team led by Geithner failed nearly every step of the way.

Instead of bargaining with AIG's numerous counterparties to resolve its billions of dollars in souring derivatives contracts, Geithner's team ended up paying top dollar for toxic assets -- "an amount far above their market value at the time," the report notes.



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Last Updated on Thursday, 19 November 2009 14:46
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