So English wants to sit in the big chair eh?

It has been a public secret that Bill English wants to be the Poobah and that it has been a humiliation to him to have John Key elected as leader of National. There have been allegations of betrayal by John Key during the leadership elections and Bill wasn’t a happy camper about it all. Suspicions […]

Paulson threatened Martial law to push through a $ 700 billion bail out.

What does it tell you if a former bankster and now Secretary of treasure can threaten the senate with Martial law in order to push through the biggest heist in human history? It tells you that Democracy is over in the US. It tells you that the financial world has taken over. Remember that when […]

World markets echo Wall Street plunge

After the Daylight robbery by the international privately owned banking elite (John Key anyone) comes the real pain. The pain on mainstreet has only just begun. World stocks fell sharply overnight (NZT), as recession fears gripped markets and briefly sent oil prices below US$50 a barrel. The FTSE 100 index of leading British shares closed […]

Citi shares in record slump, CDS spreads widen

Nov. 19, 2008  SAN FRANCISCO (MarketWatch) — Citigroup Inc. shares slumped a record 23% Wednesday and credit-default swap spreads on its debt widened after the bank took on more than $17 billion in assets from structured investment vehicles and shut another hedge fund. Citi shares slumped 23% to close at $6.40. The previous biggest one-day […]

USA: Proposals to Confiscate Workers’ Personal Retirement Accounts

So you’ve worked your whole live in the hopes of having something of a nest egg to retire with. Dream on. They want it back and in the next round of daylight robbery the will take it whether you like it or not. RALEIGH — Democrats in the U.S. House have been conducting hearings on […]

Michael Moore: ‘It’s the end of capitalism as we know it’

If the US car industry collapses millions of families will starve and I mean literally . It will be the end of industry and the US as we know it. The end of the US empire and miserable poverty for many of us around the world. [vodpod id=ExternalVideo.749304&w=425&h=350&] more about "Michael Moore: ‘It’s the end […]

Japan sinks into recession

The Japanese economy has officially entered recession for the first time since 2001, after the release of figures on Monday showing a second quarter of negative GDP growth. The data not only showed an annualised contraction of 0.4 percent for the July-September period, but revised the contraction for the April-June quarter from 3 percent to […]

Stern warning from China’s central bank

The risks of an economic downturn in China are growing and protectionist sentiment abroad could hurt global growth, the country’s central bank said overnight. “The impact of the international financial crisis is intensifying, and the uncertainty of the domestic economy is increasing. The risk of an economic slowdown is expanding,” the People’s Bank of China […]

The Bailout Profiteers

By Naomi Klein On October 13th, when the U.S. Treasury Department announced the team of “seasoned financial veterans” that will be handling the $700 billion bailout of Wall Street, one name jumped out: Reuben Jeffery III, who was initially tapped to serve as chief investment officer for the massive new program. On the surface, Jeffery […]

The Great Depression of the 21st Century: Collapse of the Real Economy

The financial crisis is deepening, with the risk of seriously disrupting the system of international payments. This crisis is far more serious than the Great Depression. All major sectors of the global economy are affected. Recent reports suggest that the system of Letters of Credit as well as international shipping, which constitute the lifeline of […]

Texas grand jury indicts Cheney, Gonzales of crime

If our New leaders in their wisdom decide that New Zealand needs to privatise its prison system will they to have the chance to have financial interest in that system? HOUSTON (Reuters) – A grand jury in South Texas indicted U.S. Vice President Dick Cheney and former attorney General Alberto Gonzales on Tuesday for “organized […]

Afghan article says US Bin-Ladin hunt phoney

Oh oops, It seems that the US government wasn’t interested in Osama bin Laden. Now I wonder why that was? 911 Anyone? Afghan article says US Bin-Ladin hunt phoney Text of article, “Bin-Ladin on the run? The rumour which was fact”, by Afghan independent secular daily newspaper Hasht-e Sobh on 29 September So, the rumour […]

America’s moronic hegemonic policy spells disaster

According to all accounts, the US faces its worse economic crisis since the Great Depression with $2 trillion in near-term financing needs for bailouts and economic stimulus. This is an enormous sum for any country, especially for one that is so heavily indebted that it is close to bankruptcy. If the money can’t be borrowed […]

A big thanks for your virtual company at the Standard

Dear Standard comentators, I want to say goodbye to you Redlogic, Randal, the sprout, Carol, Janet, Rave,T-rex, , Robinsod, zANavAShi, hell even HS and all the others with whom I shared this blog for a bit. I have decided to ban myself from the Standard blog in light of what happened on Tuesday. I had […]

Why Big Banks May Be Trying to Buy up Your Public Water System

Yesterday the news broke that ACT’s Rodney Hide had acquired the position of Minister of Local Government. It turns out that one of ACT’s policies would the privatisation of our water. I have stated here that John Key would sell of this country, its asset’s and its resources to his banking mates. Well, it seems […]

The New World Order: The Final Showdown for America

“Permit me to issue a nation’s money, and I care not who makes its laws.” –Meyer Anshelm Rothchild ~1780 Thomas Jefferson cautioned, “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks … will deprive the people of all property until their […]

By MIKE WHITNEY Henry Paulson’s time at Treasury has been one pratfall after another. Even so, on Tuesday he managed to outdo himself. Paulson held a “surprise” press conference where he announced that the $700 billion Troubled Asset Relief Program (TARP) wouldn’t be used to buy troubled assets after all. Instead, the money will used […]

Insurers pull cover from suppliers to GM, Ford: report

Is this game over for three of the main drivers of the US economy, GM, Ford and Chrysler. If so it is the beginning of the End of the world as we know it. LONDON (Reuters) – Three big European credit insurers have removed cover from suppliers of troubled U.S. carmakers General Motors Corp and […]

Capitalism as Extortion: 700,000,000,000 Ways

Over the last 7 days, I’ve been watching the repulsive song and dance in the USA to bail out some of the wealthiest corporations in the world. Congress finally passed bailout legislation today. But instead of reforming the system that allowed the kind of greed and manipulation we’ve seen, we see capitalist extortion at work. […]

For shame: The Maori party leadership has sold it’s soul.

Perhaps it is fitting that with the Pakeha working class the Maori workers find out that the elite will sell out to the elite and leave the little people, Maori or otherwise to fend for themselves no matter what colour or race or culture. Today the Maori party leadership aligned themselves with a party who […]

The Two Trillion Dollar Black Hole

By PAM MARTENS Purge your mind for a moment about everything you’ve heard and read in the last decade about investing on Wall Street and think about the following business model: You take your hard earned retirement savings to a Wall Street firm and they tell you that as long as you “stay invested for […]

Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months

Economic experts have predicted that rampant inflation caused by government stimulus packages will soon take hold of the economy and force precious commodity prices to all time highs. Johann Santer, MD at Superfund Financial Hong Kong told CNBC that he expects to see gold climb from its current position at $710 to a whopping $1500-$2000 […]

Celente Predicts Revolution, Food Riots, Tax Rebellions By 2012

Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression” The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and […]

Australian web filter to block 10,000 internet sites

AUSTRALIA’S mandatory net filter is being primed to block 10,000 websites as part of a blacklist of unspecified “unwanted content”. Some 1300 websites have already been identified by the Australian Communications and Media Authority. Communications Minister Senator Conroy revealed details of the Rudd Government’s proposed web filter as he called for expressions of interest from […]

Obama Won’t Stop the Collapse of the American Empire

Political insider and veteran reporter Kevin Phillips has documented that every major empire over the past several hundred years has undergone a predictable cycle of collapse, usually within 10 to 20 years of its peak power. The indications are always the same: – The financialization of the economy, moving from manufacturing to speculation;- Very high […]

Meet Gerald Celente the foremost trend forecaster.

Gerald Celente is the number 1 trend forecaster in the US and the CEO of the Trend research institute. He has been right on many events in the last ten years and still counting. He is predicting the worst depression ever and that includes the great depression. If a man like him says that we […]

Stocks dive after US Treasury rethink

LATEST: Wall St has slumped after an announcement from US Treasury Secretary Henry Paulson that he was backing away from buying troubled mortgage assets using a US$700 billion bailout fund. Stocks extended losses after Mr Paulson said his department now favoured a second round of capital injections into financial institutions that would match private funds. […]

Family homelessness rising in the US

President-elect Barack Obama has vowed to help middle-class US homeowners facing foreclosure, but he has said little about how he will help low-income families made homeless by a worsening economy. Obama has spoken broadly about boosting affordable housing and restoring public housing subsidies. But with economists forecasting a deep recession in 2009, he may find […]