Saturday, September 20, 2008 12:22
Market Bailout Set in Motion
The Bush administration yesterday proposed a historic $500 billion bailout
of financial firms that would let the government rather than the cold
judgment of the marketplace decide the winners and losers from the crisis
that has shaken the U.S. economy for the past year.
Blames Wall Street Meltdown On Fed Overissuance Of Currency China’s state media today reports on the real reason behind
the Wall Street meltdown and a subject that the mainstream US media
dare not mention - the Federal Reserve’s overissuance of currency
- which the Chinese say is part of a wider agenda to justify increased
control over the global economy.
to seek U.N. support against Russia The leaders of Georgia and Ukraine go
to the United Nations next week hoping to shore up Western support for
their future NATO accession faced with a militarily resurgent Russia.
rejects new measures against Iran Russia is against new UN Security Council
measures targeting Iran, the foreign ministry said in a statement Saturday
after the White House warned of a new round of sanctions.
On to Your Wallets! The Government is About to Rescue Us
When the financial markets started coming undone earlier this week,
the Treasury Secretary and the Federal Reserve stepped in, and with
$85 billion of our money (actually our children’s money, since
they borrowed it from China and Saudi Arabia), bought foundering AIG,
the world’s largest insurance company, and assumed its colossal
pile of crap debt.
Security Previews Physiological Bio-Screeners
The Department of Homeland Security has previewed new technology that
they promise will help rout out terrorists and other dangerous people
in public places by covertly bio-scanning subjects as they walk past
sets of cameras.