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VeriChip’s Merger With Credit Monitoring Firm Worries Privacy Activists

VeriChip’s Merger With Credit Monitoring Firm Worries Privacy Activists

Wired
December 10, 2009

Remember VeriChip, the Florida company that once dreamed of injecting its human-implantable RFID microchips in everyone from immigrant guest workers to prison inmates?

We haven’t heard much from the company since a dipping stock price nearly got it delisted from the NASDAQ in March. But it’s still alive, and in November it pulled off a seemingly incongruous acquisition. Now called PositiveID, the new company is a merger between VeriChip and Steel Vault, the people behind NationalCreditReport.com.

With a human-implantable microchip maker now running a credit-scoring and identity-theft-protection website, privacy activists are worried again. “The attraction to investors is the potential for synergies,” says Mark Rotenberg, executive director of the Electronic Privacy Information Center in Washington. “You have to anticipate over time there will be an attempt to integrate the services.”

“Sci-fi wise, you could have a chip read by a scanner that determines your credit-worthiness,” says Evan Hendricks, editor of Privacy Times. “Or you could have a credit card implant.”

VeriChip and its former owner Applied Digital have been drawing fire since 2004, when the FDA approved the rice-sized injectable RFID for human use. While the company primarily pushed the chip as part of a system to index medical records — a kind of subcutaneous MedAlert bracelet — Richard Sullivan, then-CEO of Applied Digital, had a penchant for wantonly confirming every nightmare of cybernetic social control.

After 9/11, it was Sullivan who announced the VeriChip would be perfect as a universal ID to distinguish safe people from the dangerous ones. He dreamed of GPS-equipped chips being injected into foreigners entering the United States, prisoners, children, the elderly. He thought the VeriChip would be used as a built-in credit or ATM card.

Indeed, in 2004, one of VeriChip’s earliest deployments was at a Barcelona nightclub, where VIP patrons could pay 125 euro to get the chip installed in their arms as a debit card for drinks.

But today, Sullivan’s replacement says the company has no plans to market the VeriChip as a path to instant credit, despite the recent acquisition.

With his white-buttondown shirt open at the chest, PositiveID CEO Scott Silverman spoke about the merger in an interview at the company’s office suite in Delray Beach, Florida. “Using the chip to relate to the credit-reporting services of NationalCreditReport.com, or even using it for financial transactions … has not been a part of our business model for five years or more, since Sullivan’s been gone, and is not part of our business model moving forward,” he says.

Silverman also backed away from some of the Orwellian ideas floated by his cyberpunk predecessor. “I can tell you that … putting [the chips] into children and immigrants for identification purposes, or putting them into people, especially unwillingly, for financial transactions, has [not] been and never will be the intent of this company as long I’m the chairman and CEO,” he says.

Yet in 2004, Silverman told the Broward-Palm Beach New Times that the VeriChip could be used as a credit card in coming years. And in 2006, he went on Fox & Friends to promote the chipping of immigrant guest workers to track them and monitor their tax records.

And ahead of the recent merger, VeriChip gave a presentation to investors hinting there would be some cross-pollination between the two sides of the business. It plans to “cross-sell its NationalCreditReport.com customer base” (.pdf) the Health Link service and vice-versa. So, Americans with implanted VeriChips will be encouraged to divulge their finances to PositiveID, while credit-monitoring customers will be marketed the health-record microchip.

Critics of chipping are moved by a variety of concerns, ranging from the pragmatic to the religious — anti-RFID crusader Katherine Albrecht believes the technology is the Mark of the Beast predicted in the Book of Revelation, but also doubts its efficacy as a medical tag: VeriChip’s instruction manual warns that the chip may not function in ambulances and areas where there are MRI and X-ray scanners.

Security is another issue. RFIDs can generally be scanned from distances much greater than the official specs suggest. Nicole Ozer at the ACLU of Northern California notes that after Wired magazine writer Annalee Newitz experimentally cloned her VeriChip in 2006, the company continued calling it secure.

But human chipping has high-profile fans as well, including former Secretary of Health and Human Services Tommy Thompson, who left his job as overseer of the FDA in 2005 — a year after VeriChip’s approval — to join the company’s board of directors. Thompson announced he would personally join the 700 to 900 Americans who have the chip installed in their bodies. (He later reportedly reneged.)

Whatever its plans for the future, PositiveID is focused on its original mission for now: implants tied to medical records. On December 1, the new company announced it’s collaborating with Avocare, a Florida health care business, in the hopes of bringing its “health care identification products” to 1 million patients.

 

Credit Card Companies Refuse Mythbusters to Test RFID

http://www.youtube.com/watch?v=wdDsukmgwsk

Secret Bilderberg Agenda To Microchip Americans Leaked

One Mainframe To Rule Them All

RFID Chip Implants Cause Cancer in Lab-Rats

 



Future Cashless Society: The Card That Runs Your Life

Future Cashless Society: The Card That Runs Your Life

http://www.youtube.com/watch?v=FRwew3jzTDk

http://www.youtube.com/watch?v=ChDgNtTEUk4

 

NY to issue ID cards with RFID chip

Times Union

September 13, 2008

Starting Tuesday, New Yorkers will be able to buy new driver’s licenses containing a radio chip that will let them travel between the U.S. and Canada or Mexico without a passport.

The new Enhanced Drivers License, which will cost an additional $30 on top of the standard $50 license fee, also will allow those on boats or ships to travel to Bermuda and Caribbean nations without a passport.

Starting in June, federal law will dictate that passports or other proof of citizenship — or an enhanced license — will be needed to visit neighboring countries, including Canada and Mexico.

Read Full Article Here

 

Using your chipped cell-phone to purchase items

Rebecca Camber
UK Daily Mail
September 9, 2008

Once you wouldn’t leave home without it. But the credit card could soon be cashing in its chips.

Experts predict that paying by plastic will make way for payments by mobile phone, key fob or even fingerprint.

Like the cheque book, video cassette and CD before it, the plastic credit card could be on the way out within five years, according to leading financiers.

Yesterday Barclaycard, which introduced the UK’s first credit card in 1966, announced it was pouring millions into developing ‘contactless payment technology’.

The group has already developed a credit card that can be read without having to be taken out of a wallet.

It hopes to take contactless payments a step further with chips that can be inserted into mobile phones, enabling shoppers to buy items by simply holding their handsets over them.

Read Full Article Here

Major Credit Card Companies Look Into RFID Technology
http://noworldsystem.com/2008/09/02..e-mythbusters-to-test-rfid/

Judge rules probable cause of criminal activity needed to get cell location data
http://www.engadget.com/2008/09/12/judge..-needed-to-get-ce/

Big Brother is watching you…. Council to fingerprint staff as they clock in for work
http://www.dailymail.co.uk/news/article-..ncil-fingerprint-staff-clock-work.html

Council uses anti-terror rules to spy on man with noisy wardrobe
http://www.telegraph.co.uk/news/ne..an-with-noisy-wardrobe.html

Anger as car journey data stored
http://uk.news.yahoo.com/pressass/..-6323e80.html

Council snoops use anti-terror laws to spy on punt operators
http://www.dailymail.co.uk/news/article-..py-punt-operators.html

 



Credit Card Companies Refuse Mythbusters to Test RFID

Credit Card Companies Refuse Mythbusters to Test RFID

http://www.youtube.com/watch?v=wdDsukmgwsk

 



Taxpayers Will Pay $800 BILLION For Failed Mortgage Lenders

Taxpayers Will Pay $800 BILLION For Failed Mortgage Lenders
House & Senate passes housing bailout bill H.R. 3221 (The American Housing Rescue & Foreclosure Prevention Act) by an overwhelming 272-152 vote, Bush will sign soon.

Youtube
July 24, 2008

Ron Paul talks about the bailout out of the housing industry and how it really just destroys the dollar and adds enormously to the debt.

Also, slipped into the bill, was the stipulation that ALL credit card transactions must now be reported to the IRS.

http://www.youtube.com/watch?v=Wy6SlUpbnIU

Details of today’s housing bill by Dr. Ron Paul:

-$2.5B line of credit to the Treasury (Fannie & Freddie – ‘F & F’) is now “open-ended”

  • UNLIMITED – Treasury now allowed to buy all ‘F & F’ housing securities
  • Congress no longer involved in appropriating funds (Treasury now does)

-National Debt Ceiling Moved up $800 BILLION (buried in the bill)

Treasury Bills being exchanged for unwanted ‘F & F’ securities

  • This is the asset which “backs up our currency”
  • Value of these assets are depreciating
  • Treasuries have replaced gold and silver to back US Dollar

– Solution breeds inflation

  • Places pressure on the US Dollar

-Mortgage industry workers “will now have to be fingerprinted.

All credit card transactions will now be reported to the IRS.

 

Housing bailout bill – another $800 billion gift from the taxpayer to Wall Street

http://youtube.com/watch?v=TeWJZiJGc2s

Related News:

**RED ALERT** RAPE BY CONGRESS IMMINENT
http://market-ticker.denninger.net/archive..GRESS-IMMINENT.html

Investors worldwide are betting more than $1 trillion on a collapse in American stock prices
http://www.wakeupfromyourslumber.com/node/7529

Faber: Fannie, Freddie Should Not Get Aid
http://www.bloomberg.com/apps/n..&sid=a_L_tms03WSI&refer=home

Senate Passes Housing Bill
http://www.axcessnews.com/index.php/articles/show/id/16490

House OKs Fannie Freddie Bailout
http://news.yahoo.com/s/ap/200..Aujs0nZJn4G9TEm4v_o7vh.MwfIE

woman commits suicide as home foreclosed
http://www.norwichbulletin.com/new..suicide-as-home-foreclosed

Fannie and Freddie Own A Record $6.9 Billion Foreclosed Homes
http://www.economicpolicyjournal.co..d-freddie-own-record-69.html

U.S. Foreclosures Double
http://www.bloomberg.com/apps/news..87&sid=aomtw8.Pro2E&refer=home

IMF: U.S. Housing Overvalued By 20%
http://www.reuters.com/article/domesticNews/idUSN2542244220080726

California foreclosures up 261% from ‘07 levels
http://latimesblogs.latimes.com/laland/2008/07/cal-foreclosure.html

Freddie MAC CEO Paid $20 Million A Year
http://money.cnn.com/2008/0.._CEO.ap/index.htm?section=money_latest

Fannie, Freddie rescue pricetag could hit $25B
Housing report bruises Wall Street
Bank of China may hold huge US debt
Dems & Paulson Push Fannie/Freddie Bailout

 



$32 Billion of taxpayer dollars for patches?

Inside the Black Budget
$32 Billion of taxpayer dollars for patches?

NY Times
April 1, 2008

Skulls. Black cats. A naked woman riding a killer whale. Grim reapers. Snakes. Swords. Occult symbols. A wizard with a staff that shoots lightning bolts. Moons. Stars. A dragon holding the Earth in its claws.

More badges

No, this is not the fantasy world of a 12-year-old boy.

It is, according to a new book, part of the hidden reality behind the Pentagon’s classified, or “black,” budget that delivers billions of dollars to stealthy armies of high-tech warriors. The book offers a glimpse of this dark world through a revealing lens — patches — the kind worn on military uniforms.

“It’s a fresh approach to secret government,” Steven Aftergood, a security expert at the Federation of American Scientists in Washington, said in an interview. “It shows that these secret programs have their own culture, vocabulary and even sense of humor.”

One patch shows a space alien with huge eyes holding a stealth bomber near its mouth. “To Serve Man” reads the text above, a reference to a classic “Twilight Zone” episode in which man is the entree, not the customer. “Gustatus Similis Pullus” reads the caption below, dog Latin for “Tastes Like Chicken.”

Military officials and experts said the patches are real if often unofficial efforts at building team spirit.

The classified budget of the Defense Department, concealed from the public in all but outline, has nearly doubled in the Bush years, to $32 billion. That is more than the combined budgets of the Food and Drug Administration, the National Science Foundation and the National Aeronautics and Space Administration

Read Full Article Here

 

Feds use cards for lingerie, iPods, gambling, a $13,000 dinner and more

Washington Post
April 9, 2008

Federal employees used government credit cards to pay for lingerie, gambling, iPods, Internet dating services, and a $13,000 steak-and-liquor dinner, according to a new audit from the Government Accountability Office, which found widespread abuses in a purchasing program meant to improve bureaucratic efficiency.

The study, released by Senate lawmakers yesterday, found that nearly half the “purchase card” transactions it examined were improper, either because they were not authorized correctly or because they did not meet requirements for the cards’ use. The overall rate of problems “is unacceptably high,” the audit found.

The GAO also found that agencies could not account for nearly $2 million worth of items identified in the audit — including laptop computers, digital cameras and, at the Army, more than a dozen computer servers worth $100,000 each.

Read Full Article Here

Over 40 Cents Per Tax Dollar Goes To Military
http://www.theseminal.com/2008/04/08/the-tax-mans-gone-belligerent/

What military spending is doing to our economy
http://www.dailykos.com/storyonly/2008/3/31/16227/0316/411/487759

 



Red flags in Bear Stearns’ collapse

Bear Stearns Collapses, Sold to JP Morgan at $2/Share

Depression2.tv
March 17, 2008

Last Friday we got a taste of what the future is likely to be like as we make our way further into the belly of the second great depression. The Fed rushed to bail out a venerable Wall Street institution, which was rumored to be insolvent. Sunday evening, that rumor was confirmed to be true, as Bear Stearns agreed to sell itself to JP Morgan for a paltry $2 per share. Two dollars! This for a firm that was trading at $170 just over a year ago, and was as high as $54 just Friday! If Bear Stearns is only worth $2 per share, how can we possibly say with any confidence what other “investment banks” are worth?

While this bankruptcy comes as a shock to nearly everyone, it should be a surprise to no one. The global financial system has been teetering on a precipice for years if not decades, pumped up by unsustainable amounts of debt at every level of the economy, and is primed for a crash. That the crash has been postponed countless times by even easier money lent to yet poorer credit risks has served only to instill a false sense of confidence in markets and to magnify the impending calamity that seems finally to be at hand. Warnings that have been sounded on websites such as this one appear finally to be coming true, as confirmed by none-other than the venerable Wall Street Journal in a front page article titled, “Debt Reckoning: US Receives a Margin Call.”

The US is at the receiving end of a massive margin call: Across the economy, wary lenders are demanding that borrowers put up more collateral or sell assets to reduce debts.

The unfolding financial crisis – one that began with bad bets on securities backed by subprime mortgages, then sparked a tightening of credit between big banks – appears to be broadening further. For years, the US economy has been borrowing from cash rich lenders from Asia to the Middle East. American firms and household have enjoyed readily available credit at easy terms, even for risky bets. No longer.

Did you ever think news like that would ever make it off the internet and into the pages of the Wall Street J? Even I was beginning to have my doubts. But the news is seeping even further into the mainstream. This week’s Time Magazine has an article titled “10 Ideas that are Changing the World.” Idea 8 is “The New Austerity:”

Americans simply don’t have enough money to pay back the mortgage and credit-card debt they’ve run up. That reality is forcing banks to retrench as loans gone bad shrink their capital bases and falling house prices shrink the collateral that homeowners can borrow against. And it will presumably force chastened consumers to change their ways as well.

Americans simply don’t have enough money… What does it mean? It means defaults, economic loss and a spiral of fear and more loss. It means more Bear Stearns. Time’s article quotes David Rosenberg, an economist at Merrill Lynch: “I’m not saying we’re going back to our parents’ level of frugality, but what we have witnessed in the past 20 to 30 years – and especially the parabolic credit growth of the last five years – is going to be bursting in the next decade.” If not back to our parents’ level of frugality, then what? To our grandparents’ level? How can anything less be avoided, in an era when most people are already working full speed, maxed-out and yet still need credit to survive? And now they’re cutting off the credit!? The result for households will be the same as for Bear – massive liquidation. And the Fed is in no position to do anything about it. The Fed is currently operating in triage mode – desperately trying to aid the banks and save the global financial system as we know it. But what ammunition does the Fed have to save the average American working stiff, who is up to his eyeballs in debt?

Read Full Article Here

 

Wall Street fears for next Great Depression

London Independent

March 16, 2008

Wall Street is bracing itself for another week of roller-coaster trading after more than $300bn (£150bn) was wiped off the US equity markets on Friday following the emergency funding package put together by the Federal Reserve and JPMorgan Chase to rescue Bear Stearns.

One UK economist warned that the world is now close to a 1930s-like Great Depression, while New York traders said they had never experienced such fear. The Fed’s emergency funding procedure was first used in the Depression and has rarely been used since.

A Goldman Sachs trader in New York said: “Everyone is in a total state of shock, aghast at what is happening. No one wants to talk, let alone deal; we’re just standing by waiting. Everyone is nervous about what is going to emerge when trading starts tomorrow.”

In the UK, Michael Taylor, a senior market strategist at Lombard, the economics consultancy, said on Friday night: “We have all been talking about a 1970s-style crisis but as each day goes by this looks more like the 1930s. No one has any clue as to where this is going to end; it’s a self-feeding disaster.” Mr Taylor, who had been relatively optimistic, has turned bearish: “It really does look as though the UK is now heading for a recession. The credit-crunch means that even if the Bank of England cuts rates again, the banks are in such a bad way they are unlikely to pass cuts on.”

Mr Taylor added that he expects a sharp downturn in the real UK economy as the public and companies stop borrowing. “We have never seen anything like this before. This is new territory for us. Liquidity is being pumped into the system but the banks are not taking any notice. This is all about confidence. The more the central banks do, the more the banks seem to ignore what’s going on.”

Read Full Article Here

 

Bear Stearns Rescue Is `Finger in Dike,’ Scholars Say

Bloomberg
March 17, 2008

With Bear Stearns Cos.’ temporary rescue in place, the $200 billion subprime crisis joins the history of government bailouts to preserve jobs, homes and savings when economic disaster looms.

Ever since Treasury Secretary William Gibbs McAdoo shut the New York Stock Exchange for four months in 1914, to prevent foreign investors from cashing out and throwing the U.S. into financial chaos at the outset of World War I, American policy makers routinely have suspended their support for free markets when confronted by economic peril.

“I think the systemic risks dominate right now, which means you’ve got to put your finger in the dike,’’ says William Silber, a finance professor at New York University’s Stern School of Business. He is the author of “When Washington Shut Down Wall Street: The Great Financial Crisis of 1914 and the Origins of America’s Monetary Supremacy’’ (Princeton University Press, 232 pages, $27.95).

Bailouts can buy time while policy makers try to defuse panic. Last week, the Federal Reserve Bank of New York provided financial support for Bear Stearns, the fifth-largest U.S. securities firm. It faced eroding investor confidence in the fallout from losses related to securities based on mortgages to the least creditworthy borrowers.

Bear Stearns executives were striving today to strike an agreement to sell the firm to JPMorgan Chase & Co. before financial markets open tomorrow, people with knowledge of the talks said.

Read Full Article Here

Stunned Bear Stearns investors eye legal claims
http://news.yahoo.com/s/nm/20080317/us_nm/bearstearns_lawsuits_dc

Banks Face New World Order Consolidation
http://www.reuters.com/artic..743541720080317?sp=true

Stocks Widely Mixed on Bear Stearns News
http://biz.yahoo.com/ap/080317/wall_street.html

 



Gold Rises Above $830, Oil $97 a Barrel

Gold rises above $830 over Pakistan

The Times
December 28, 2007

Gold put in a stellar performance again after fears of political instability in Pakistan in the wake of the assassination of opposition leader Benazir Bhutto sparked a flight to safety.

Gold has traditionally performed well in times of uncertainty and has maintained its reputation as a safe-haven investment despite recent price volatility.

The precious yellow metal was trading $11.47 firmer at $836.77 at 17:35 after safe-haven buying triggered a new test of previous multi-decade highs.

Spot prices had been languishing well below the US$830 an ounce mark when they were jolted from a month-long slumber yesterday afternoon as news of Bhutto’s death aroused concerns over heightened geopolitical tension.

The metal climbed to US$830.50 on the news but a brief round of profit taking saw it finish slightly easier yesterday at $827.50.

Bhutto died when an attacker shot her and then blew himself up as she left a political rally in Rawalpindi, a city near the capital where Pakistan’s army has its headquarters.

It was the second suicide attack against her since her tumultuous homecoming from an eight-year exile in October.

Her assassination has sparked nationwide grief and fury, while unrest risks tipping the volatile country into chaos.

Bhutto was buried earlier today and along with her the promise of restoring democracy in Pakistan.

“For the moment resistance at the $830 level appears to be capping gold, however with the dollar under pressure and violent protests seen in Pakistan it is likely that gold could see further safe-haven investment demand, and potentially rise to challenge this years high around $845.60,” said James Moore of TheBullionDesk.

With political tensions providing the environment of uncertainty that gold enjoys, the momentum in gold prices remains to the upside for now.

 

Oil steady near $97 on lower US stocks, Bhutto

Reuters
December 28, 2007

Oil rose on Friday on U.S. supply concerns, the slumping dollar and mounting tensions in Pakistan and northern Iraq.

U.S. crude traded up 23 cents to $96.85 a barrel by 12:05 p.m. EST. London Brent gained 12 cents to $94.90 a barrel.

A U.S. government report on Thursday showed unexpectedly large draws in crude and distillate inventories in the world’s top consumer. U.S. crude inventories are now at their lowest level in nearly three years, adding to winter supply worries that helped push oil to nearly $100 in November.

“Escalating geopolitical tensions, tightening oil supplies and a weakening dollar would seem to stack the deck in favor of further upward movement,” said Mike Fitzpatrick, vice president at MF Global.

The assassination of Pakistani opposition leader Benazir Bhutto on Thursday stoked geopolitical concerns, although Pakistan is not a major crude producer and unrest is unlikely to directly affect oil flows.

“The Bhutto story will keep being a factor into next week, and it should help keep a floor under the market, along with the other geopolitical uncertainties,” said a New York broker.

Read Full Article Here

 

Forex – Dollar falls continue on weak US data; Euro at record high vs pound

Thompson Financial
December 28, 2007

The dollar fell across the board, coming under further pressure after a string of weak US data, while yet another disappointing report on the UK housing market pushed the euro to fresh record highs against the pound.

Yesterday’s unexpectedly weak US durable goods orders data added to fears about the state of the US economy and increased the likelihood that the Federal Reserve will need to cut interest rates further next year.

‘US economic data continues to disappoint the market with yesterday’s worse-than-expected durable goods orders for November adding further downside pressure to the greenback,’ said James Hughes, market analyst at CMC Markets.

The European Central Bank by contrast is not expected to temper its hawkish rhetoric any time soon, particularly with regional German inflation figures suggesting that the inflation pressures it warned of have not gone away.

The euro rose to a 15-day high against the dollar of 1.4682 usd, but it also staged fresh gains against the pound, hitting a new record high of 0.7350 stg.

Read Full Article Here

Related News:

Paul Krugman talks to Google on the Recession
http://www.youtube.com/watch?v=4XhvG_fD0HA

Dollar Strategists Predict End of Bear Market in 2008
http://www.bloomberg.com/apps/news?pid=2…puc&refer=home

Wage Slavery For Elderly People
http://www.truthnews.us/?p=1411

Chrysler CEO: We Are Operationally Bankrupt
http://money.cnn.com/2007/12/2…stversion=2007122107

US braces for baby boom retirement wave
http://www.breitbart.com/article.p…5pv&show_article=1

Bank’s Face Financial Turmoil
http://news.yahoo.com/s/afp/200712…XWQKEAn6oLKKoOrgF

Credit Loss Could Hit $1 Trillion
http://www.theaustralian.news…22973589-643,00.html

Oil Rises On Inventory Shortfalls
http://biz.yahoo.com/ap/071227/oil_prices.html?.v=18

Growing Credit Card Debt In US Prompting Warnings Of Worse To Come
http://www.businessweek.com/ap/financialnews/D8TNB7E00.htm

October Home Prices Post Record Decline
http://biz.yahoo.com/rb/071226…mesindex.html?.v=7

No Trial, No Conviction: FBI Steals Millions of Dollars Worth of Gold
http://cryptogon.com/?p=1731

China’s New Oil World Order
http://www.bloomberg.com/apps/news?pid=2060….QO2SvA7w&refer=china

Denmark Bank predicts Ron Paul presidency and U.S. depression
http://www.usadaily.com/article.cfm?articleID=210132

Saudi Arabia fatwa against the dollar
http://blogs.telegraph.co.uk/busine..ber07/fatwa.htm

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Ethanol Blamed For Food Price Hikes
7 economic warning signs: Could a small shock push the economy over the edge?
Zimbabwe Woe As Banks Stay Shut
People & Power – Death of the dollar
Growing number of Americans expect recession: poll
Gold climbs above $800 in London as dollar drops; silver gains
Northern Rock Rescue Cost $100B
US Inflation Soars – Largest Rise in Producer Prices Since 1973!
US foreclosure filings up 68 pct in Nov.
U.S. Dollar’s Credibility Being `Stretched,’ UBS Economist Says
US Federal Reserve’s subprime regulations shield Wall Street banks
Economy teeters on brink, says Resler
GAO Says Government Failed Yet Another Financial Audit
One in Five Americans Must Borrow to Heat Homes This Winter
Morgan Stanley secures $5bn from China
CNN: Ron Paul Says U.S. Going Broke
ECB Offers Banks Unlimited Funds
Overstock.com CEO warns of depression

U.S. Economic Collapse News Archive