Friday, October 10, 2008 21:18
On The System: Black Friday Stock markets across the world are in
a state of hysteria. The tidal wave of sell-offs, which began when Henry
Paulson announced the Bush administration’s $700 billion bailout
plan for the sinking banking system, has swelled into a global tsunami
racing round the globe. Shares fell sharply across Europe and Asia for
the fifth straight day following a 679 drop on the Dow Jones.
Global Bankers Have Unleashed Inflationary Holocaust Legendary investor Jim Rogers warned during
a CNBC interview this morning that global central banks are creating
the environment for an inflationary holocaust by their ceaseless overprinting
of currency, a measure that isn’t even successful in stabilizing
the stock market.
warns N Korea against raising tension
US officials have urged North Korea to avoid missile launches and other
acts that could raise tension with South Korea, amid deadlocked negotiations
for Pyongyang's nuclear disarmament.
nuns branded as ‘terrorists’
Sisters Carol Gilbert and Ardeth Platte have been “secretly branded
by Maryland State Police as terrorists and placed on a national watch
list” due to their participation in anti-war protest activities.
They were added to the list after Maryland state police spied on them.