"Critical Risk Assessment" of the economy, globalism, oil crisis, nuclear, terrorism, bird flu pandemic, climate change, earth quakes

Bad credit-card debt could be next shot to economy, researcher says
CHICAGO (MarketWatch) -- Credit-card debt is on the brink of imploding and will be the next storm to hit the fragile finance industry, an investment research firm predicted this week.
According to Innovest StrategicValue Advisors, banks will charge off $18.6 billion in delinquent credit-card accounts in the first quarter of 2009 and $96 billion in all of 2009, more than double the research firm's forecast for all of this year.
Market Watch Article Here

Marcy Kaptur warns “there are domestic enemies to the Republic”
Rep. Marcy Kaptur (D-OH) warns the American people about Constitutional enemies of the Republic and the fraudulent trillion(s) dollar bailout…

“My message to the American people don’t let Congress seal this deal. High financial crimes have been committed.”

“The normal legislative process has been shelved. Only a few insiders are doing the dealing, sounds like insider trading to me. These criminals have so much political power than can shut down the normal legislative process of the highest law making body of this land.”
DailyNewscaster.com article Here

Banking crash hits Europe as ECB loses traction
The global credit crisis has slammed into Europe with stunning violence over the last two days, triggering five major bank rescues and a near total shut-down of the region's credit markets.
"Telegraph.co.uk" Article Here

Bank of China says open to Wall Street buys
IANJIN, China (Reuters) - Bank of China, the country's largest foreign-exchange lender, is open to buying into U.S. banks in the wake of the global financial crisis, a senior executive said on Sunday.
Reuters Article Here

WaMu is largest bank failure in US History
Washington Mutual, the largest U.S. savings and loan, has been one of the lenders hardest hit by the nation's housing bust and credit crisis, and had already suffered from soaring mortgage losses.
Reuter's Article Here

Paulson cannot be allowed a blank cheque
Hank Paulson’s $700bn rescue package has run into difficulty on Capitol Hill. Rightly so: it was ill-conceived. Congress would be abdicating its responsibility if it gave the Treasury secretary a blank cheque. The bill submitted to Congress even had language in it that would exempt the secretary’s decisions from review by any court or administrative agency – the ultimate fulfillment of the Bush administration’s dream of a unitary executive.
Financial Times Article Here

Billionaire Warren Buffett, calling turmoil in the markets an ``economic Pearl Harbor,''
Billionaire Warren Buffett, calling turmoil in the markets an ``economic Pearl Harbor,'' said his $5 billion investment in Goldman Sachs Group Inc. is an endorsement of the Treasury's $700 billion bank rescue plan.
Bloomberg Article Here

China banks told to halt lending to US banks-SCMP
Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.
Reuter's Article Here

U.S. Stocks Fall in Market's Worst Two-Day Drop Since 2002
U.S. stocks fell in the market's worst two-day slump in six years on concern Congress will hold up a $700 billion bank bailout that Federal Reserve Chairman Ben S. Bernanke said is critical to preventing a recession.
Bloomberg Article Here

White House whispers of 1929-style crash if bailout blocked
The White House pressed the U.S. Congress publicly and privately Tuesday to pass a $700-billion US bailout package it hopes will contain a spreading financial crisis. Congressional leaders — especially those who oppose the package — are being asked whether they want to be responsible for even greater economic harm than has occurred so far, the CBC's Henry Champ reported from Washington. "And the whispers always include references to Oct. 29, 1929, the Great Depression and things of that nature,"
CBC News Article Here

The Street Doesn't Look So Shiny Anymore
When a financial journalist friend of mine asked a prominent executive how this would all end, he replied, "With riots in the streets." Either a riot or a bloodbath.

As a trader said when asked to sum up the current situation on Wall Street: "Pigs get fat. Hogs get slaughtered."
WashingtonPost.com Article Here

Almost Armageddon - Markets Were 500 Trades From A Meltdown
Had the Treasury and Fed not quickly stepped into the fray that morning with a quick $105 billion injection of liquidity, the Dow could have collapsed to the 8,300-level - a 22 percent decline! - while the clang of the opening bell was still echoing around the cavernous exchange floor.
NYTs Article Here

Scrambling to Clean Up After A Category 4 Financial Storm
What we are witnessing may be the greatest destruction of financial wealth that the world has ever seen -- paper losses measured in the trillions of dollars. Corporate wealth. Oil wealth. Real estate wealth. Bank wealth. Private-equity wealth. Hedge fund wealth. Pension wealth. It's a painful reminder that, when you strip away all the complexity and trappings from the magnificent new global infrastructure, finance is still a confidence game -- and once the confidence goes, there's no telling when the selling will stop.
Washington Post Article Here

AIM bailout allows access to your segrated funds - you lose again!!!
This is so important a topic, that it deserves top billing!!! Hidden inside the AIG bailout funding package, surely hastily cobbled together, but carefully enough to include a totally corrupt clause, was a handy dandy clause that permits raids. The conglomerate financial firms are permitted at this point to use private individual brokerage account funds to relieve their own liquidity pressures. This represents unauthorized loans of your stock account assets. So next, if the conglomerate fails, your stock account is part of the bankruptcy process. Finally the corrupt USGovt and corrupt Wall Street houses are desperate enough to put into policy, stated by the US Federal Reserve, outlining the authorized raid of your money.
financialsense.com Article Here

Global finance is being torn apart; it can be put back together again
FINANCE houses set out to be monuments of stone and steel. In the widening gyre the greatest of them have splintered into matchwood. Ten short days saw the nationalisation, failure or rescue of what was once the world’s biggest insurer, with assets of $1 trillion, two of the world’s biggest investment banks, with combined assets of another $1.5 trillion, and two giants of America’s mortgage markets, with assets of $1.8 trillion. The government of the world’s leading capitalist nation has been sucked deep into the maelstrom of its most capitalist industry. And it looks overwhelmed.
Economist.com Article Here

What we are witnessing may be the greatest destruction of financial wealth that the world has ever seen --
You know you're in a heap of trouble when the lender of last resort suddenly runs out of money. Having pumped $100 billion into the banking system and lent $115 billion more to rescue Bear Stearns and AIG, the Federal Reserve was forced to ask the Treasury yesterday to borrow some extra money to replenish its coffers.

Forecast: U.S. dollar could plunge 90 pct
RHINEBECK, N.Y., Nov. 19 (UPI) -- A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said.
UPI.com Article Here

Wall Street's Unraveling
Wall Street as we know it is kaput. It is not just that Merrill Lynch agreed to be purchased by Bank of America or that the legendary investment bank Lehman Brothers filed for bankruptcy or that the insurance giant AIG is floundering.
WashingtonPost.com Article Here

Paulson plan could cost $1 trillion
Congressional leaders said after meeting Thursday evening with Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke that as much as $1 trillion could be needed to avoid an imminent meltdown of the U.S. financial system.
Politico Article Here

US pledges financial rescue plan
US officials are working on a plan to help rid US banks of their bad debts in order to tackle the devastating global financial crisis.
BBC Article Here

As Fears Grow, Wall St. Titans See Shares Fall
The assault on these two companies underscored how quickly a sense of fear is spreading through Wall Street. Both firms just reported respectable profits on Tuesday, and were considered in a separate class from weaker banks like Bear Stearns and Lehman Brothers that saw the value of their businesses evaporate.
NYT Article Here

'The World As We Know It Is Going Down'
Panic is the word of the hour on Wall Street. Now even Morgan Stanley is fighting for survival. The commercial bank Wachovia and China's Bank Citic are being discussed as possible rescuers. The crisis has led President Bush to cancel a trip.
DER SPIEGEL Article Here

Russia trading halted amid stock crisis
MOSCOW (AP) -- Russia's finance minister said trading on Russian exchanges won't resume until Friday, as the government tried to stem the dizzying plummet in share prices and restore confidence in the economy.
CCNMoney.com Article Here

Worst Crisis Since '30s, With No End Yet in Sight
The financial crisis that began 13 months ago has entered a new, far more serious phase.
WSJ Article Here

Federal bank insurance fund dwindling
WASHINGTON - Banks are not the only ones struggling in the growing financial crisis. The fund established to insure their deposits is also feeling the pinch, and the taxpayer may be the lender of last resort.
AP Article Here

Credit card debt, delinquencies rise
Second-quarter delinquency rates are highest in Nevada and Florida; overall average debt per borrower at $1,717.
CNNMoney.com Article Here

How the Masters of the Universe ran amok and cost us the earth
SLAM. Slam. Slam. Slam. Like a scene from a gathering of Mafia dons, the doors of 30 black Lincolns slammed shut as their besuited occupants stepped out into a Manhattan downpour – and into a global financial storm.
The Scotsman Article Hers

The Other Gulf Surge Tide
It was reported this weekend, although it will not actually happen until Monday and Tuesday, the 15th and 16th. Those meetings will seal the economic doom of the United States. Those meetings will be looked back historically as the end of PAX AMERICANA, the American century, or whatever you choose to call Imperial America's run on ruling the world. All that is over now.
Doug McIntosh's Article Here

Nightmare on Wall Street
EVEN by the standards of the worst financial crisis for at least a generation, the events of Sunday September 14th and the day before were extraordinary. The weekend began with hopes that a deal could be struck, with or without government backing, to save Lehman Brothers, America’s fourth-largest investment bank. Early Monday morning Lehman filed for Chapter 11 bankruptcy protection. It has more than $613 billion of debt.
The Economist Article Here

Wilbur Ross sees about 1,000 bank closures: report
Wilbur Ross, founder of private equity firm WL Ross & Co LLC, expects as many as a thousand U.S. bank closures in the coming months, CNBC said on its website on Monday.
Rueters Article Here

Stocks fall sharply after bankruptcy filing at Lehman, sale of Merrill; AIG remains big worry
NEW YORK (AP) -- Stocks tumbled and Treasury bond prices soared Monday as investors reacted to a stunning reshaping of the landscape of Wall Street that took out two storied names: Lehman Brothers Holdings Inc. and Merrill Lynch & Co.
AP Article Here

Lehman's 158-year run on Wall Street set to come to abrupt end
Executives at Lehman Brothers, the 158-year-old Wall Street bank that has been brought to the brink of collapse, are set for a long weekend of negotiation as potential acquirers pored over its books and regulators agitated for a deal to restore confidence to battered financial markets.
Independent.co.uk Article Here

Could Lehman's Failure Cause a Systemic Meltdown?
What are the risks of a systemic crash if Lehman Brothers (LEH) is allowed to fail? As Sudeep Reddy says, Lehman is just as big and interconnected as Bear Stearns was:
SeekingAlpha.com Article Here

WaMu on the Brink
You have probably heard by now that Washington Mutual (WM) ousted its embattled CEO Kerry Killinger and replaced him with former Sovereign Bancorp CFO Alan Fishman. You may also have heard is that WaMu has signed an agreement with the Office of Thrift Supervision [OTS] which requires WaMu to provide business plans and forecasts for results, asset quality, capital and business segment performance (Hat Tip: Calculated Risk).
Translation: WaMu may fail.
SeekingAlpha.com Article Here

``The biggest risk for WM is a run on deposits,''
``The biggest risk for WM is a run on deposits,'' Stifel analysts led by Chris Brendler wrote in a note to clients. ``With all the negative headlines and recent IndyMac failure, WM's retail deposit franchise is a huge concern to us as a significant outflow of consumer deposits could lead to devastating liquidity problems since the company has apparently already lost access to the capital markets.'' WM is the company's stock ticker.
Bloomberg Article Here

Globalist Ultimatum: Pay up or Collapse
There’s going to be no end of controversy over the bailout of Fannie Mae and Freddie Mac. On September 9, 2008, CNBC’s popular financial show “Squawk Box Europe” interviewed Jim Rogers (CEO of Rogers Holding) regarding the gov takeover of Fannie and Freddie:
“You can see that this is welfare for the rich. This is socialism for the rich. It’s bailing out the financiers, the banks, the Wall Streeters... This is outrageous. Who are these people who are taking our money and doing this and ruining America?"
Who, indeed!
On March 21, 2008, The August Review wrote:
“As the global financial crisis unfolds, one thing is certain: The major investment and commercial banks who have wrecked our economy and financial system are now successfully sucking unlimited amounts of money from the people's Treasury to bail themselves out.”
Full Article Here

Fannie, Freddie aftershocks: More bank woes
Government seizure of Fannie and Freddie could cause problems, even failure, for many small banks, even if it helps to stabilize the battered mortgage market. The takeover of Fannie Mae and Freddie Mac is likely to cause big problems for hundreds of community banks nationwide and could lead to a new round of bank failures. That's because many smaller banks had a large amount of funds tied up in the preferred shares of Fannie and Freddie, depending on the dividends for reliable income, and the value of those shares to meet the capital levels required by regulators.
Full Article Here

Fannie Mae and Freddie Mac: Saving the American dream
American Gothic by Grant Wood is an iconic artwork of the first half of the 20th century. Painted in 1930, it depicts a prim, unsmiling middle-aged couple, the man holding a pitchfork, in front of a modest homestead somewhere in the Midwestern grain state of Iowa. Wood’s models were, in fact, his sister and his dentist, but in his encapsulation of a certain ideal of small-town, home-owning, hard-working, God-fearing American life, he might just as well have been creating a portrait of Fannie Mae and Freddie Mac – the couple who were rescued from financial distress by the US government at the weekend, in what is in effect the world’s biggest-ever nationalisation.

Chapter II
News On Global Energy Crisis

Venezuela to Boost Crude Oil Exports to China by 25%
Sept. 25 (Bloomberg) -- Venezuela, the world's fifth-largest oil exporter, will boost crude shipments to China by 25 percent in 2009 to benefit from rising energy demand in the fastest- growing major economy, President Hugo Chavez said.
Bloomberg Article Here

Here comes $500 oil
That the spike in oil prices earlier this year wasn't a temporary market anomaly and the recent retreat in prices is just a misleading calm before a calamitous storm? That we're headed toward $500-a-barrel oil?
Fortune Magazine Article Here

Oil spikes $25 a barrel on anxiety over US bailout
NEW YORK (AP) - Oil prices spiked more than $25 a barrel Monday—the biggest one-day price jump ever—as anxiety over the government's $700 billion bailout plan battered the dollar and touched off frenzied buying of safe-haven investments including crude.
AP Article Here

Implications of a Ten Day Refinery Outage
Where is our gasoline and diesel supply headed? Even before Ike hit, quite a few areas of the US were starting to see gasoline shortages. The impact of Ike can only make shortages worse. Most likely, it will take refineries at least a week or two to get production back to normal levels after a storm of this type, considering the impacts of electrical outages and flooding. In this article, I will examine some of the issues that seem to be involved. Based on my analysis, fuel supply shortages are likely to last well into October, and are likely to get considerably worse before they get better.
The Oil Drum Article Here

Oil crisis hiding in plain sight; pump prices and crude still way ahead of year ago levels
It’s time for a reality check. Oil prices are not plunging. Compared with this time last year, U.S. pump prices are more than 80 cents a gallon higher, while spot crude prices are roughly $30 a barrel higher.

Even if crude falls another $30 a barrel, that will still only put its price at roughly year-ago levels after a summer when Americans drove a lot less than the year before, precipitating all the talk about “demand destruction.”

It’s not just foolish to track oil prices on a day-to-day basis, instead of on a year-to-year basis the way corporate earnings are measured. It’s also dangerous, especially when day-to-day declines are used to explain why equities should go higher, as well as why the U.S. Federal Reserve doesn’t have to worry as much about inflation.
Full Article Here

Charlie Maxwell to Barron's: $300 Oil is Inevitable
According to a Monday, September 8 Barron's article titled "What $300-a-Barrel Oil Will Mean for You", Charles (Charlie) Maxwell, Senior Energy Analyst at Weeden & Co., thinks $300 oil is "inevitable."

With three or four new Saudi oil fields coming on line soon, Charlie thinks supply and demand are roughly in balance for the next two years. Charlie predicts oil prices between $75 and $115 for awhile. After that, he sees prices soaring again.
Full Article Here

Chapter III
New World Order - Globalism

UN chief calls for 'global leadership'
UN chief Ban Ki-moon on Tuesday stressed the need for "global leadership" as he pressed world leaders not to pursue narrow national interests in the face of hard economic times.

New Wall Street crisis will create a new financial world order, says RCM CIO
As the sell-off in global markets continues, RCM's CIO for Europe Neil Dwane believes the aftermath of Monday's events will lead to the formation of a 'new world order', in which the remaining financial giants will flourish.
CityWire.co.uk Article Here

Toward a North American Union
The global elite, through the direct operations of President George Bush and his Administration, are creating a North American Union that will combine Canada, Mexico and the U.S. into a superstate called the North American Union. There is no legislation or Congressional oversight, much less public support, for this massive restructuring of the U.S. It's primary perpetrators are mostly members of the Trilateral Commission, founded in 1973 to foster a "New International Economic Order."
Full article Here

>1. Follow the money, follow the power
>2. Discern illusion from reality, especially with media outlets
>3. Listen to experts who offer a meaningful critique
>4. Study & verify sources and footnotes
>5. Apply liberal doses of common sense

What is Globalization? It is the collective effect of purposeful and amoral manipulation that seeks to centralize economic, political, technological and societal forces in order to accrue maximum profit and political power to global banks, global corporations and the elitists who run them.

"Free Trade" is the central mantra. Globalization is set against national Sovereignty, closed borders, trade tarrifs and anything that would restrict its goals and methods used to achieve them.

Globalization promotes regional and global government, a one-world economic system of trade and a form of fascism where global corporations and their elite control the policies and directives of individual governments.

The original and primary perpetrators of modern-day globalization number only in the 100's, representative of which, but not exclusively, are members of The Trilateral Commission.
Full Article Here

Chapter IV
News On War on Terrorism

Spies Warn That Al Qaeda Aims for October Surprise
WASHINGTON — In the aftermath of two major terrorist attacks on Western targets, America's counterterrorism community is warning that Al Qaeda may launch more overseas operations to influence the presidential elections in November.
NYSun.com Article Here

The gloves are off in Pakistan
KARACHI - Pakistani authorities have compared Saturday evening's devastating truck suicide attack on the Marriott Hotel in the capital Islamabad to the September 11, 2001, attacks on the United States. In terms of its psychological effect, the blast, which killed more than 80 people, injured hundreds and burnt out the hotel, has traumatized the nation, and, like 9/11, marks the beginning of a new battle: this time not the "war on terror", but the war by terrorists. Pakistan is now the declared battleground in this struggle by Islamic militants to strike first against American interests before the United States' war machine completes its preparations to storm the sanctuaries of al-Qaeda in Pakistan.
Asia Times Article Here

Intelligence: Terror operation in U.S., Europe possibly imminent
Islamic terrorist operatives reportedly dispatched, in place, and possibly ready to execute terrorist operation in U.S., Europe

What Islam could not achieve in centuries through military aggression, terrorism and political hardball, will now be accomplished by the global banking community that is stampeding to dominate Islamic banking ruled by totalitarian and brutal Shari'a law. Indeed, this brand of Islamic banking is the mother of all Trojan horses. Every citizen of every non-Islamic country should immediately see the clear and present danger presented by this unholy alliance.

The Bible warns that “… the love of money is the root of all sorts of evil” (1 Ti. 6:10) So, just when you think you have just about seen it all, something even more shocking turns up. Like this…

Either global bankers are seducing Islamic dictators, or vice versa. Even if they are seducing each other at the same time, the result will be the same: Islamic/Shari’a banking is coming to the United States and other western nations, thanks to global banks such as Citigroup, HSBC, Deutsche Bank, Morgan Stanley and Goldman Sachs.
Full Article Here

Russian units raid Georgian airfields for use in Israeli strike against Iran – report
The raids were disclosed by UPI chief editor Arnaud de Borchgrave, who is also on the Washington Times staff, and picked up by the Iranian Fars news agency. The Russian raids of two Georgian airfields, which Tbilisi had allowed Israel to use for a potential strike against Iran’s nuclear facilities, followed the Georgian offensive against South Ossetia on Aug. 7.
Full Article Here

Chapter V
News On Nuclear Insanity

The secrets of Israel’s nuclear arsenal revealed
The nuclear scientists consulted by The Sunday Times calculate that at least 100 and as many as 200 nuclear weapons of varying destructive power have been assembled – 10 times the previously estimated strength of Israel’s nuclear arsenal.
TimesOnLine Article Here

Chapter VI
News On Our Violent Earth

Sun's Wind Is Lowest Ever Recorded
A wind of charged particles that stream constantly from the sun is at its lowest level ever recorded in the 50 years since spacecraft have made the measurement possible. The Ulysses spacecraft observed the weak solar winds, the constant, high-speed stream of particles that races from the sun, during a quiet period in the sun's activity. The solar weather cycle affects Earth and other planets in the solar system.
Live Science Article Here

Swiss Man's Prediction of 9.0 NW Earthquake Now Echoed by U.S. Scientists
Los Angeles, CA - Recent findings by scientific experts echo a prediction, from 2005, of a mammoth earthquake that will be centered in the Pacific Northwest. The prediction by Billy Meier, a 71-year old Swiss man with a remarkable, 58-year record of specific, accurate predictions, and the report from 2008 by Oregon State University scientists agree on the likelihood of an enormous natural disaster occurring.
prweb.com Article Here

Please refer to our disclaimer page:
click here.

This Page Is Revised Daily