- Ron Paul on CNN: Fed IS the source of the problem
- D.C.: "The commercial version of the subprime situation"
- Stiglitz Says Banking Problems Are Now Bigger Than Pre-Lehman
- Minsky, “bubbles”, and gold
- Blogs vs Mainstream Media
- Ghost Towns in Ireland
- US credit shrinks at Great Depression rate prompting fears of double-dip recession
Ron Paul on CNN: Fed IS the source of the problem
... property managers for the 1.4 million-square-foot [Constitution Center in Southwest Washington], which is scheduled to be completed in November, have yet to land any tenants ... Constitution Center is just one of several dozen existing, newly constructed or soon-to-be-completed office buildings in the Washington region that had vacancy rates in the 80 to 100 percent range as of midyear.
... In June ... the amount of vacant space in the region soared nearly 24 percent, to 47 million square feet from 38 million during the same month a year earlier.
Sept. 13 (Bloomberg) -- Joseph Stiglitz, the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc.
“In the U.S. and many other countries, the too-big-to-fail banks have become even bigger,” Stiglitz said in an interview today in Paris. “The problems are worse than they were in 2007 before the crisis.”
As I have pointed out in numerous, previous commentaries (most recently with my “Gold Wars” series), this is why gold and silver are seen by the banksters, themselves, as the bane of Wall Street. This is why this cabal of bankers has (for decades) invested vast amounts of time, effort, money, and much of their own hoards of bullion into an effort to suppress the prices of precious metals, and to use their propaganda-machine to attempt to discredit gold and silver as “financial assets” to the greatest extent possible.
63% say that news stories are often inaccurate.
The government is taking over most of the non-residential property loans in Ireland. It is amazing that these loans total about half of Ireland's GDP (not including residential).
Both bank credit and the M3 money supply in the United States have been contracting at rates comparable to the onset of the Great Depression since early summer, raising fears of a double-dip recession in 2010 and a slide into debt-deflation.