…in other words the perfect day to invest in poetry. We at Loewak will soon open a special section of this site where you, stockholder or investor, can invest into one of the few clean and interesting markets left: the… Continue reading
Another day of reckoning on the markets, with drops of almost 10% in a single day. Nothing seems to help: the 700 billion dollars plan had little effect, the global lowering of interest rates had little effect, the IMF’s announcing… Continue reading
The US government’s debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiralling figure.
The digital counter marks the national debt level, but when that passed the $10 trillion… Continue reading
There is lots of people out there who do not understand what this crisis is all about. They have no idea what fractal reserve banking is, why banks can make billions of profits and all of a sudden be bankrupt… Continue reading
One news item that strangely hasn’t been covered widely today: new mortgage funds showed a 98% decline in freshly closed mortgages in the US in August 2008. That is a massive decline that points to a total crash of the… Continue reading
So, Congress is now going to vote over the 700 billion dollar bailout plan that is doomed to fail. Why is it doomed to fail? I will explain. It’s quite simple really: Bush and consorts claim that these ‘bad mortgage… Continue reading
Today the US congress approved a 700 billion dollar rescue package for the US financial markets. The package will raise the National debt from $10.6 trillion to $11.3 trillion dollars.
That means that, if there are 250 million Americans, this… Continue reading