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AFP Photo / Emmanuel Dunand 03.10.2010, 11:01 2 comments

“Wall Street crooks and Washington politicians sleep in one bed” – insider

US author Yves Smith spoke with RT about the cover-ups that went on leading up to and during the economic crisis, the real secrets of the crooks on Wall Street, and the doom and gloom of the future of America's economy.

29.08.2009, 11:36 2 comments

No economic crisis for India?

After years of tremendous growth, India’s economy is facing a slowdown. Despite that, it is still growing at the second fastest rate in the world, after China.

15.09.2009, 09:36 6 comments

BRIC to call the shots in post-crisis world

The past year of economic decline has seen Washington’s influence on the wane, as well as London’s, and the way is now open for other countries to decide policy. Among them: Russia and her BRIC colleagues.

United States, New York : The headquarters of the Lehman Brothers investment bank on Sixth Avenue is seen on September 14, 2008 in New York (AFP Photo / Michael Nagle) 15.09.2009, 08:28 3 comments

Black Monday one year on: what’s in sight?

September 15 marks the economic 9/11 that shook the US last year. Global financial services firm Lehman Brothers collapsed and became a symbol of the largest bankruptcy in American history.

Photo from socialismdoesntwork.com 05.11.2009, 10:59 3 comments

The billionaire bailout society

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Detroit 18.06.2010, 09:51 2 comments

Hope of recovery for former US auto powerhouse?

Detroit used to be one of America's premier auto manufacturers, but with the demise of its carmakers, Detroit’s residents are facing rising unemployment and crime in a city which has become a shell of its former self.

06.09.2009, 09:34 1 comment

Financial turmoil in decline? Wall Street has its say

It has been a year since the world plunged into financial economic turmoil, but has the crisis hit its peak yet? Web journalist and RT’s Lori “The Resident” Harfenist took to the financial hub of New York to find out.

21.10.2009, 02:06 4 comments

Every sixth American lives in poverty

34 million Americans are relying on the food stamp program for everyday essentials. It’s mostly the elderly who are suffering.

13.11.2009, 22:38 4 comments

Pembroke: the most broke town in Obama’s home state

There’s broke and then there’s Pembroke (Illinois, that is). Located in the northern county of Kankakee, the township of Pembroke is now suffering a crushing 46% unemployment rate.

Sergey Mironov 03.02.2010, 15:07 12 comments

Parliament speaker could be dismissed over anti-Putin remarks

Russia’s ruling United Russia party has said they may demand the resignation of the Federation Council speaker Sergey Mironov over his criticism of Prime Minister Vladimir Putin’s policies.

“Ruling on the Feds – small victory for Americans”

Published: 26 August, 2009, 21:50


The court ruling that the US Federal reserve should open its books and reveal how money is spent is “a very small victory for 75 percent of Americans”, Nicole Kardell, a legal analyst, told RT.

 
1 COMMENT
US Failed State August 26, 2009, 20:22 quote
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A HUGE SCARY FOREX DISCOUNT IS BEING USED RIGHT NOW BY MARKET INTERMEDIARIES FOR CASH CURRENCY TRANSACTIONS. THIS IS A CLEAR LOUD PREVIEW OF FUTURE US$ AND BRITISH POUND STERLING DEVALUATION. THE DISCOUNTS PROBABLY OCCUR ON GRAND ACQUISITIONS, SPENDING US & UK DEBT, IN CONVERSION TO HARD ASSETS. A query came from me to a reliable regular banker contact with connections to Europe, Asia, and the Persian Gulf. What came back was a shock, as news of actual liquidation activity have come his way. "Really substantial transactions in buying USDollar are done at a 38% discount, and British Pound Sterling are done at a 42% discount. Off market transaction guys are already factoring in the coming devaluation. Hundreds of billions are involved, including outright cash transactions where those discounts are being applied." WOW!! He had mentioned just days before in another exchange that a big event comes on the near horizon having to do with angry USGovt creditors. They have run out of patience. They feel the USGovt pays no heed to their concerns, in displayed arrogance. A coordinated group of foreign creditors are planning to sell several hundred billion in USTreasurys in the months of September and October. If executed, then a US bank holiday is assured, and a significant devaluation of the USDollar comes. We might even see the first hint of a temporary USTreasury default Chinese agency organizations have been gathering considerable information from the Gold Anti-Trust Action committee, probably to make the case that the USDollar is not legitimate even on US Constitutional terms. They will likely make the case for an illegitimate USDollar operating as the currency by a financial sector ripe with corruption and fraud. We are in my opinion, and in the opinion of a few key contacts, with two to three weeks away from major financial earthquakes founded in the monetary foundation structures.

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