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Archived Economic News 2007 - 2009

 

Universal Currency Converter

 
 

 

Archived News

 

The American Dream


The 2009 Henry Hazlitt Memorial Lecture, presented by Peter Schiff. Recorded at the annual Austrian Scholars Conference, Ludwig von Mises Institute, 13 March 2009. Required Viewing For All U.A.F.F. Members.

The International Economic Forum of the Americas
International Monetary Fund (IMF), will meet with policymakers and other stakeholders in the international financial sector in Montreal to find the best methods for "Adapting to the New World Order" at the 15th edition of the International Economic Forum of the Americas

 


50,000 Strong New York Protest: Tax Riots are starting

(Obama say's to buy stocks now, I still say to buy gold now! B.A. Brooks 03/04/09)

 

 

DECEMBER 2008

 

NOVEMBER NEWS

OCTOBER NEWS

 

SEPTEMBER NEWS

 

 

AUGUST NEWS

 A Shock to the Collective Psyche: Bad News and Bank Runs

Last Sunday, sought Treasury Secretary Henry Paulson tried to reassure the public that the banking system is sound, while bracing people for more trouble ahead:

"I think it's going to be months that we're working our way through this period — clearly months. But again, it's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation."

Paulson is wrong; the banking system is not sound nor is it well capitalized.

So, while your bank still has money and can process your checks, it may be time to pay down debts, pay quarterly taxes and mortgage payments in advance, and think of having money outside of banks (gold, foreign currencies), etc., before your money is inaccessible or even evaporates! Don’t think all your investments outside of banks are immune from all this turmoil. For example, money market mutual funds, where Americans have invested $3 trillion, are not covered by FDIC insurance (however, money market accounts offered by banks are covered). Recent losses in some of these money market mutual funds have caused some companies to rush to plug the losses. For example, Legg Mason Inc. and SunTrust Banks Inc., recently pumped $1.4 billion each into its money market funds. Bank of America Corp. has injected $600 million.

As for your checking and savings accounts, recognize you may have five different accounts in the same bank, but the FDIC only insures individuals, not each account, up to $100,000. Putting your money in different accounts in the same bank does not necessarily provide better insurance for your deposits.

 

JULY NEWS

Exxon Mobil 2Q profit sets US record

Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest profit from operations ever by any U.S. corporation

July 16th Interview: George Green on the Economy

New - 07/23/08 - This is a must see video for all Members and Subscribers

"A lot of what I have been saying for the last few years is confirmed in this recent interview with George Green. All of these things are documented (with resources) inside the pages of The U.A.F.F. website.  Now is the time to organize before it is too late. If you do not join one of our organizations, here are some good personal options for you". B.A. Brooks

  • Join or form local American Militia groups in your area.

  • Close all Gmail and Google accounts.

  • Open free anonymous email accounts.

  • Use internet IP changing software.

  • Use internet cafe's when possible.

  • Stock up on food and water.

  • Learn about water purification/filtration.

  • Buy solar and hand crank electrical devices.

  • Buy a firestarter.

  • Make your own custom first-aid/survival kit.

  • Destroy all cell phones.

  • Move your families from the major cities into more rural areas.

  • Look, Listen, Watch, Learn, Share, Prepare

 

Arctic's oil could meet world demand for 3 years

This headline is a clear and evident affirmation that humans are consuming the world's resources at an unprecedented speed. As a species, are we going to use all we have and then fight over what is left? Or are we all going to make unprecedented changes in our lives now before we get to this point? There are many options out now that allow you to choose new energy sources for your life. Please stop supporting big oil!

 

Money being pulled out of New York City banks

WMR's United Nations sources report that there has been a sudden rush in requests for foreign exchange wire transfer requests from New York City banks. The sudden demand for transferring funds abroad has resulted in a 24 to 48-hour processing delay due to the sheer volume of requests.

Foreign employees at the United Nations are transferring their money from accounts at the United Nations Federal Credit Union (UNFCU) and other New York City banks, both domestic and foreign-owned, and the move has been sudden.

There has been no explanation for the sudden wire transfer activity, although the rumor mill suggests fears of a sudden economic collapse and/or a U.S. and Israeli military attack on Iran, which could touch off a wider regional conflict.

Link to WMR pay site


Jim Rogers: Dollar Doomed, Fed Will Fail

 

JUNE NEWS

 

MAY NEWS

 

There are three things that helped lead us to where we find ourselves today.
  • 1. The creating Of The Federal Reserve On December 23 1913
  • 2. Richard Nixon Took Our U.S. Dollar Off Of The Gold Standard On August 15th 1971
  • 3. Bill Clinton Deregulated The Banking Industry On November 12th 1999

Nest to collapse: Government Bonds and Commercial Real-estate

B.A. Brooks 05/17/2009

 

A PRIL NEWS

 

MARCH NEWS

 

FEBRUARY NEWS

Stocks Dive On New Signs Of Economic Chill

 

Iran Dumps U.S. Dollar For Oil Trades - 04/30/08

Mahmoud Ahmadinejad, Iran's President, called the dollar a 'worthless piece of paper.'

Iran has dramatically reduced dependence on the dollar over the past year in the face of increasing U.S. pressure on its financial system and the fall in the value of the American currency. Oil is priced in dollars on the world market, and the currency's depreciation has concerned producers because it has contributed to rising crude prices and eroded the value of their dollar reserves. "The dollar has totally been removed from Iran's oil transactions," Oil Ministry official Hojjatollah Ghanimifard told state-run television Wednesday. "We have agreed with all of our crude oil customers to do our transactions in non-dollar currencies." Iranian President Mahmoud Ahmadinejad called the depreciating dollar a "worthless piece of paper" at a rare summit last year in Saudi Arabia attended by state leaders from OPEC countries.

Exxon Mobil Disappointed $10.9 Billion Profit

 
 

Commentary On Economic The Stimulus Checks

As you may have heard, the Administration said each of us would get a rebate
check to stimulate the economy.
If we spend that money at Wal-Mart, all the money will go to China.
If we spend it on gasoline it will go to the Arabs.
If we purchase a computer it will go to India
If we purchase fruit and vegetables it will go to Mexico , Honduras , and Guatemala.
If we purchase a good car it will go to Japan.
If we purchase useless trinkets, it will go to Taiwan And none of it will help the American economy!
We need to keep that money here in America.   The only way to keep that  money here at home is to spend it at yard sales, since those are the only U.S. owned and operated businesses still in operation.

 

Has anyone seen this cartoon from the 1934 Chicago Tribune?
Could anyone come up with a more fitting description of what is going on now?

Those who cannot remember the past are condemned to repeat it.

 

As America Collapses U.S. Government Plans Revealed

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