Our revolutionary war was caused by the Bank of England. On and on you can see the manipulation of money supplies and debt behind crisis after crisis.
Until we start teaching the real history of the world and that means teaching about money supply and debt and international banking and the power it has in governments [...]
U.S 1929 Great Depression vs. 2008 financial, housing, credit crisis
Great Depression happened in 1929. It took over 10 years to cure.
Effects of depression:
13 million people became unemployed.
Industrial production fell by nearly 45% between the years 1929 and 1932.
Home-building dropped by 80% between the years 1929 and 1932.
From the years 1929 to 1932, about 5000 banks [...]
Fisher tied loose credit to over-indebtedness, which fueled speculation and asset bubbles. The chain of events,according to Fisher proceeded as follows:
1 Debt liquidation and distress selling
2 Contraction of the money supply as bank loans are paid off
3 A fall in the level of asset prices
4 A still greater fall in the net worth of businesses, [...]
Suddenly, our consumer society is doing a lot less consuming and slaming the door on the ” Buying Binge ” we’ve been on in the last few years! The numbers are pretty incredible. Sales of new vehicles have dropped 32 percent in the third quarter. Consumer spending appears likely to fall next year for the [...]
Looking back, Total Non-Financial Debt (NFD) expanded $578bn during 1994. By 1998, NFD growth for the year had surpassed $1.0 TN. Non-Financial Credit increased $1.153 TN in 2001, $1.415 TN in 2002, and $1.676 TN in 2003, before reaching the $2.0 TN milestone in 2004. Incredible as it was, debt expansion then surged over the [...]
We’re in jeopardy primarily because we mismanaged the use of debt so as to accelerate economic growth. Bubbles are created by unsustainable borrowing. Leverage creates a rosier picture than underlying fundamentals warrant. When asset prices move too far from replacement value, the game of passing the buck stops. Subtract the debt leverage and the downside [...]
LONDON (Reuters) - Influential investor Bill Gross called on Tuesday for the Federal Reserve to cut interest rates to 1 percent from the current 2 percent because of sharp falls in asset prices globally.
“We are experiencing asset deflation and the threat of headline inflation is long past,” he said in a note.
Gross is chief investment [...]
CORRECT: China Life Cuts Visa Stake By Half From 6 Mln In Mar
Last Update: 8/26/2008 7:23:27 AM
(Adds first-half net profit and investment gains, executive’s comments on
overseas investment.)
HONG KONG (Dow Jones)–China Life Insurance Co. (LFC), China’s largest life
insurer by premiums, said Tuesday it is looking into overseas investment
opportunities after cutting its stake in credit-card firm Visa [...]
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