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10-11-2006, 10:08 PM #22341
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10-11-2006, 10:09 PM #22342
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10-11-2006, 10:12 PM #22343
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10-11-2006, 10:13 PM #22344
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Worth the read
Things are not looking that rosy, can we continue until Christmas?
Bush’s Chernobyl Economy; hard times are on the way
By Mike Whitney
11/08/06 "Information Clearing House" -- -- In the next few months, a financial crisis will arise somewhere in the world which will jolt the American economy and trigger a swift and precipitous decline in the value of the dollar.
This is not speculation; it will happen and there is nothing that the Bush administration can do to stop it.
All of the traditional supports for the dollar have been removed by the shrinking economy, a massive $800 billion account deficit, dramatic increases in the money supply, and the reckless manipulation of interest rates.
Rest of report @
Bush’s Chernobyl Economy; hard times are on the way
Good Site: Things you won't see on CNN
INFORMATION CLEARING HOUSE. NEWS, COMMENTARY & INSIGHTLast edited by tim410; 10-11-2006 at 10:18 PM.
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10-11-2006, 10:14 PM #22345
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10-11-2006, 10:15 PM #22346
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10-11-2006, 10:18 PM #22347
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10-11-2006, 10:19 PM #22348
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German president urges Europe to do more for Iraq
Fri 10 Nov 2006 1:55 PM ET
BERLIN, Nov 10 (Reuters) - German President Horst Koehler took European countries to task on Friday for not doing more to help stabilise Iraq, saying it was foolish of them to leave the United States only to secure the country.
"The war has led to a disaster, but we can't sit back and say it's a problem for the Americans. That would be dumb, short-sighted and arrogant," Koehler told the Saturday edition of the Frankfurter Rundschau newspaper.
"We cannot allow the region to slide into chaos. We have a direct, existential interest in preventing this." A copy of the interview was provided to Reuters ahead of publication.
A former managing director of the International Monetary Fund (IMF), Koehler has limited powers in the largely ceremonial post of president.
But he can influence the national debate and has not shied away from controversial topics since being named to the position in 2004 with the support of Chancellor Angela Merkel.
Koehler said the U.S. elections this week, in which the Democrats seized control of Congress from President George W. Bush's Republicans, could lead to greater demands from Washington for European help in Iraq.
He said more financial aid and civil reconstruction help was needed from Europe to stabilise the region.
"Ducking away and just watching is a worse alternative," Koehler said.
He did not suggest Germany should send troops to Iraq, a move Merkel has ruled out, as did her predecessor Gerhard Schroeder.
Under Schroeder, Germany joined France and Russia in staunchly opposing the U.S.-led 2003 invasion of Iraq. The differences between Berlin and Washington over the war led to the worst crisis in bilateral relations since World War Two.
Germany has helped train Iraqi security personnel outside of the country and provided humanitarian aid in recent years.
http://today.reuters.com/news/Crises...oryId=L1045154
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10-11-2006, 10:19 PM #22349
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10-11-2006, 10:20 PM #22350
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