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Articles tagged with: recession

Economy, Wars »

Congressman Ron Paul: Current Monetary System Coming To An End
[18 Oct 2008 | No Comment | ]
Congressman Ron Paul: Current Monetary System Coming To An End

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The Texas Republican says the bailout’s infusion of government money will lead to inflation, that our current monetary system is coming to end, and the market, not politicians, can best solve the economic crisis.
Kiran Chetry: The last time you were with us you explained why you were against the government’s bailout plan, why you were voting against it, and you …

Moral Decay »

Moral Decline Seen As Reason For U.S. Woes
[2 Oct 2008 | 2 Comments | ]
Moral Decline Seen As Reason For U.S. Woes

Many believe American has turned it’s back on God and entered what amounts to the modern-day gates of Sodom. 

Economy »

Gold and Silver Dealers Report Unprecedented Shortage
[30 Sep 2008 | No Comment | ]
Gold and Silver Dealers Report Unprecedented Shortage

A surge for demand in gold and silver has resulted in an unprecedented shortage of the metals for retail investors in recent days, according to Gold and Silver Investments, a Dublin-based firm that allows retail investors to speculate on movements in the value of precious metals.
Gold and Silver Investments director Mark O’Byrne said the supply of gold and silver available for small retail investors suffered a dramatic deterioration within hours on Friday, as wholesalers reported that government mints and refiners, the primary suppliers of the metals, had stopped offering new …

Economy »

German Finance Minister - US Will Lose Financial Superpower Status
[28 Sep 2008 | No Comment | ]
German Finance Minister - US Will Lose Financial Superpower Status

The US will lose its role as a global financial “superpower” in the wake of the financial crisis, Peer Steinbrück, the German finance minister, said on Thursday, blaming Washington for failing to take the regulatory steps that might have averted the crisis.
“The US will lose its status as the superpower of the world financial system. This world will become multi­polar” with the emergence of stronger, better capitalized centrers in Asia and Europe, Mr Steinbrück told the German parliament. “The world will never be the same again.”
His were the most out­spoken …

Economy »

President Bush Speech On America’s Economy
[25 Sep 2008 | No Comment | ]
President Bush Speech On America’s Economy

THE PRESIDENT:  Good evening.  This is an extraordinary period for America’s economy.  Over the past few weeks, many Americans have felt anxiety about their finances and their future.  I understand their worry and their frustration.  We’ve seen triple-digit swings in the stock market.  Major financial institutions have teetered on the edge of collapse, and some have failed.  As uncertainty has grown, many banks have restricted lending.  Credit markets have frozen.  And families and businesses have found it harder to borrow money.



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