Podcast 28 Dec 2008

DEC 28 - John Cumming, Bill Mc Intyre, Joe Villaseńor –
IF THE RICH DON'T TAKE CARE OF THE POOR THE POOR WILL TAKE CARE OF THE RICH
Economics 101 - conversation with Fred Starner, retired PhD. economics professor and Grand Duke of Hobo Minstrels.
http://www.hobobanjofred.com/
http://www.globalresearch.ca/

F. William Engdahl
http://www.globalresearch.ca/index.php?context=va&aid=11401
That means once banks begin finally to lend again, perhaps in a year or so, that will flood the US economy with liquidity in the midst of a deflationary depression. At that point or perhaps well before, the dollar will collapse as foreign holders of US Treasury bonds and other assets run. That will not be pleasant as the result would be a sharp appreciation in the Euro and a crippling effect on exports in Germany and elsewhere should the nations of the EU and other non-dollar countries such as Russia, OPEC members and, above all, China not have arranged a new zone of stabilization apart from the dollar.The world faces the greatest financial and economic challenges in history in coming months. The incoming Obama Administration faces a choice of literally nationalizing the credit system to insure a flow of credit to the real economy over the next 5 to 10 years, or face an economic Armageddon that will make the 1930's appear a mild recession by comparison.
http://www.globalresearch.ca/index.php?context=va&aid=10977

Matthias Chang
http://www.futurefastforward.com/about
The shadow money-lenders have their share of worries – How to accelerate the momentum of credit creation in an economy that is slowing down? Less debts mean less compound interests and therefore less profits. Q.E.D. The US invaded Iraq not because of the threat of Saddam’s WMD but for the crude oil and because Saddam was selling crude oil in Euros instead of the dollar. The shadow money-lenders are in a desperate situation and they will start a world war to avoid the collapse of the fiat money system. Can this war be stopped?
There is a slim chance. If American patriots, who are lawfully armed, rebel and resist the imposition of martial law, world war may be averted.

Matthias Chang
The Shadow Money Lenders: The Real Significance of The Fed’s Zero-Interest-Rate Policy (ZIRP)
The Battle To Save The Fiat Money System Has Begun
http://www.globalresearch.ca/index.php?context=va&aid=11491