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Global Economic Crisis Ravaging World’s Auto Companies

America’s car industry is on the verge of extinction amidst the global economic crisis. The Senate tuned down a bill offering Detroit automakers a $14 billion dollar bridge loan. Now it is up to the...

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National Insolvency As Policy Response To Economic Crisis?

A global panic by policy makers has been in overdrive since the initial financial crisis brought the world’s credit markets to the brink of total meltdown. Staggering sums of money that boggle the...

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Economic Crisis And Disintegration Of The American Empire

What we of this generation are witnessing is one of those rare epochal events that occur perhaps once in a millenium: the disintegration of an empire. The Global Economic Crisis will claim as its...

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Why The Global Economic Crisis Will Be Worse Than The Great Depression

Eight decades ago the stock market crash of 1929 sparked the Great Depression, an economic crisis without parallel-until now. The 1930s were dark times of economic contraction, only alleviated to a...

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Global Economic Crisis Leading Banks To Financial Armageddon

President Barack Obama was greeted on his first day in office by a 21-gun inauguration salute and a volley of synchronized demolitions on Wall Street. The Dow Jones tanked, not so much as a repudiation...

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Will Timothy Geithner Destroy The U.S. Economy In Order To Save It?

The Global Economic Crisis evolved as a worldwide phenomenon, as major banks and financial institutions in virtually every significant economy became infected by toxic assets exported by the...

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$23.7 Trillion At Risk From U.S. Bailout Frenzy

Back in July,  Neil Barofsky, special inspector general for the Treasury Department’s Troubled Asset Relief Program, better known by the acronym TARP, warned that the vast amount of taxpayer money...

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Lehman Brothers One Year After Its Collapse

On September 15, 2008 the supposedly safe, perpetually prosperous world of post-industrial capitalism blew itself up when Lehman Brothers filed for Chapter 11 bankruptcy. The iconic Wall Street...

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