Bailouts
Rep. Kanjorski: $550 Billion Disappeared in “Electronic Run On the Banks”
Infowars
February 6, 2009
At 2 minutes, 20 seconds into this C-Span video clip, Rep. Paul Kanjorski of Pennsylvania explains how the Federal Reserve told Congress members about a “tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars.” According to Kanjorski, this electronic transfer occured over the period of [...]
6Feb2009 | Winter Ross Charlton | 0 comments | Continued
GM to Use Bailout Billion to Invest in Brazil
Russ Dallen
Latin American Herald Tribune
February 1, 2009
SAO PAULO — General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.
According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial [...]
Financial Sense- The Fed Plays the Nuclear QE Trump Card July 28, 2010Gary Dorsch. "Of ten people who hear the same story or speech, each one might understand it differently. Perhaps, only one of them will understand it correctly. On July 21st, Federal Reserve chief Ben Bernanke was speaking in riddles, as central bankers are apt to do, while delivering his testimony before Congress. Each word that’s uttered by the Fed […]
- Don't Lose Sleep over Deflation July 28, 2010Michael Pento. "After hearing the dire warnings of deflation that have become the standard talking points of most economists, American investors may be reaching for a bottle of Prozac. I believe that their anxiety is misplaced. Unfortunately, modern economists don't understand what deflation is or why, in reality, we have much more to fear from inf […]
- The Fed Plays the Nuclear QE Trump Card July 28, 2010
