Ludwig von Mises Inst.: How to Avoid Another Depression

Source: Ludwig von Mises InstituteHow to Avoid Another DepressionDaily Article by Mark Thornton | Posted on 9/10/2008"Great Depression" is a strong term, but what exactly does it mean? Depressions are a normal part of a business cycle that are now often called recessions, downturns, or corrections. They occur in any economy where the financial markets are based on fractional-reserve...

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World Military Spending

Source: Global Iss...

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The 'Japanification' of Wall Street

Source: Financial TimesThe ‘Japanification’ of Wall Street Some old Tokyo hands have that creeping feeling of déjà vu when they look across the Pacific at events in the US. The unfolding crises at Lehman Brothers, Washington Mutual – and before, , at Bear Stearns — have some eerily familiar patterns that evoke those days when Japan’s banks seemed physically incapable of calling a bad loan a “bad...

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Gold: 'Money and Markets'

Source: Money and MarketsWith events changing daily ... with the government takeover of Fannie and Freddie ... with important news coming out almost hourly — I'm sure you're often wondering: "What does Larry think here? How do I make money in these crazy markets and economic environment?"Indeed, I'm receiving more questions about the markets ... more doubts about the commodities bull market ... more...

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World War III Closer Than the Elections

Source: EIR Executive Intelligence ReviewThis editorial appears in the September 5, 2008 issue of Executive Intelligence Review.World War III Closer Than the Elections[PDF version of this article]In a statement issued Aug. 21, former Democratic Presidential candidate Lyndon LaRouche warned that the world is closer to World War III, than it is to the November Presidential elections in...

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Regulators close down Nevada's Silver State Bank

Source: Market WatchRegulators close down Nevada's Silver State BankBy MarketWatchLast update: 4:19 a.m. EDT Sept. 7, 2008SAN FRANCISCO (MarketWatch) -- State and federal regulators shut down Nevada's Silver State Bank late Friday. It was the11th bank to fail in the U.S. so far this year.The bank, which was overexposed to risky real-estate loans, had almost $2 billion in assets and 17 branches...

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Fannie and Freddie’s Bust and Deeply Flawed Government Bailout

Source: Nouriel Roubini's Global EconoMonitorFannie and Freddie’s Bust and Deeply Flawed Government Bailout Nouriel Roubini | Sep 7, 2008 The government takeover of the two insolvent GSE’s – Fannie and Freddie – is no surprise to the author of this blog. Two years ago – in August of 2006 – this forum argued that the biggest bust in housing since the Great Depression would lead to a systemic banking...

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Guarantees Are Worthless When the System Is Bankrupt

Source: EIR Executive Intelligence ReviewGuarantees Are Worthless,When the System Is Bankruptby John Hoefle[PDF version of this article]While the Federal Deposit Insurance Corporation (FDIC) has gone to great lengths to assure the public that their bank deposits are safe—at least up to the insured limit—it is obvious that the agency lacks the capital required to back up its claims. As long as the...

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