DhafirTrial

Two Federal Agencies Are Culpable in Oil Price Manipulations

By PAM MARTENS Counterpunch 6/21/08

If you want to flush out market manipulation, don’t turn to the sleuths in Congress. They’ve been probing trading of the oil markets for two years and completely missed a company at the center of the action. (more…)

By Gabor Steingart in Washington Der Spiegel 4/14/08

The dollar is in a tailspin, the trade deficit is growing and a recession is on the horizon. The American way of life is in serious danger. But the head of the Federal Reserve keeps on pumping easy credit into the system — a crazy policy that will worsen the crisis. (more…)

Benoit Pradier Interviews Michel Husson

L’Humanité Translated for Truthout 4/14/08

L’Humanité: How do you analyze the present financial crisis?

Michel Husson: The present crisis is more than a banking crisis because it impeaches the configuration of the global economy. (more…)

Government is the largest employer

By Paul Craig Roberts Infromation Clearing House 4/09/08

According to the Bureau of Labor Statistics, the US economy lost 98,000 private sector jobs in March, half of which were in manufacturing. Today 13,643,000 Americans are employed in manufacturing, of which 9,849,000 are production workers. (more…)

ICH: “I will ask you this,” one of CNBC’s talking heads asks Mr. Rogers, “what would be the first two things you would do if you were in Mr. Bernanke’s seat tomorrow morning?” “I would abolish the Federal Reserve,” avers Rogers, “and I would resign,” a response that brings nervous laughter all around at the CNBC studios. (more…)

By Paul Fabra Les Échoes Translated for Truthout by Leslie Thatcher 3/28/08

Let’s begin with what serves as the devastating background to the drama being played out on financial markets in the United States first of all (but not only!). Every time the Fed lowers its interest rates, it weakens the dollar still further. (more…)

By Jean-Louis Denier Marianne2 Translated for Truthout by Leslie Thatcher 3/30/08

The exorbitant cost of the war in Iraq risks plunging the United States a little further into a recession catastrophic for it … and the rest of the world! (more…)

By Jean-Pierre Balligand Le Monde from Truthout 3/20/08

Virtually each week we see central banks - with the American Federal Reserve in the lead - injecting hundreds of millions of dollars to increase the liquidity of financial markets threatened by the crisis. (more…)