Filed under: agriculture, asia, big pharma, California, cancer, Child Abuse, China, Connecticut, Eugenics, fda, federal crime, Genocide, Globalism, health and environment, hong kong, Human Experiments, malthusian catastrophe, medical industrial complex, melamine, Population Control, south korea, Taiwan, WHO | Tags: cyromazine, dangerous candy, deadly candy, eggs, extortion, fish, halloween, halloween candy, Heinz, infant deaths, infanticide, kraft, lactose powder, lipton, lipton iced tea, M&Ms, made in china, mars, milk, netherlands, non-fat milk powder, pet food, poultry, powdered milk, rice, snickers, Taiwan, trick or treating, u.s. food safety, u.s. food supply, vaccines, vioxx, vitamin-d, wheat, wheat gluten, whey powder, white rabbit, whole milk powder, World health organization
FDA Approves Melamine In U.S. Food, Claims It’s Not Harmful
AP
October 4, 2008
Eating a tiny bit of a melamine, the chemical responsible for a global food safety scare, is not harmful except when it’s in baby formula, U.S. food safety officials said Friday.
Melamine-tainted formula has sickened more than 54,000 children in China and is being blamed for the deaths of at least four tots. The chemical has also turned up in products sold across Asia, ranging from candies, to chocolates, to coffee drinks, that used dairy ingredients from China. Authorities in California and Connecticut have found melamine in White Rabbit candies imported from China.
FDA Conspired with Chemical Industry to Declare Bisphenol-A Harmless
Mike Adams
Natural News
October 24, 2008
The FDA has been caught red-handed conspiring with the chemical industry to conclude that Bisphenol-A, the plastics chemical, is harmless to human health. As revealed by the Environmental Working Group (see below), the FDA based its evaluation of BPA on a report authored by the American Chemistry Council (ACC), a trade group that represents chemical companies and plastics manufacturers.
The FDA’s evaluation concluded that BPA was perfectly safe for consumers of any age, including infants. This conclusion stands in direct opposition to the Canadian government, which declared BPA to be a toxic chemical on Oct. 18 and moved towards banning the chemical in baby bottles.
Even the U.S. National Institutes of Health says BPA may be dangerous, admitting it is concerned about BPA’s “effects on development of the prostate gland and brain and for behavioral effects in fetuses, infants and children.”
How the FDA conspires with industry
The FDA, however, has never met a corporate-sponsored chemical it didn’t like. Thanks to industry pressure, the FDA has once again stepped to the tune of private industry while betraying the safety of the American consumer. This decision on BPA is the latest example of why the FDA has become an enormous threat to the health and safety of the American people.
Two days ago, NaturalNews reported the FDA’s masterminding of an extortion racket that targets small health supplement companies and threatens their owners with imprisonment if they don’t pay huge sums of money to FDA contractors (http://www.naturalnews.com/024567.html).
It is now clear to most independent observers that the FDA is operating a criminal protect racket that seeks to multiply the profits of drug companies and chemical companies while betraying the health and safety of the American people. FDA decision boards are routinely stacked with “experts” who are on the take from the corporations impacted by their decisions, and even while the FDA is giving the big thumbs up to deadly pharmaceuticals and cancer-causing chemicals, it is targeting health supplement companies with threats so severe they would be considered criminal if uttered by anyone else.
Thanks to the FDA, it remains illegal in the United States to even link to a scientific study on the health benefits of cherries if you happen to sell cherries. Telling the truth about anti-cancer herbs can land you in prison, and placing a customer testimonial on your health product website can earn you a visit from FDA agents accompanied by armed SWAT-style assault teams (http://www.naturalnews.com/021791.html).
The FDA, it seems, has turned reality upside down and is now telling us that all the poisons are safe while all the natural substances are dangerous. Consider this:
According to the FDA:
• Aspartame is perfectly safe, but stevia is too dangerous to use in foods
• Vioxx is perfectly safe, but cherries are too dangerous to treat arthritis pain
• Chemotherapy is safe enough for everyone, but anti-cancer herbs might poison you
• Vaccines are so safe that we should inject all our teenage girls with them, but Vitamin D has no biological benefit whatsoever and has no effect on preventing infections
• Bisphenol-A is safe enough for babies to drink, but human breast milk is dangerous and outlawed from being sold
The FDA: Harming babies for profit
The number of babies that have been harmed or killed by the FDA is beyond accounting. This agency, through its outright abandonment of its duty to protect the People, has established itself as the single most dangerous organization operating on U.S. soil, far exceeding the harm posed by criminal gangs, white-collar criminals or even terrorist cells.
http://www.naturalnews.com/024567.html
FDA Covers-up Big Pharma’s Pills Contaminated With Machine Particles
http://www.naturalnews.com/024625.html
Filed under: 1984, 2008 olympics, beijing, Big Brother, China, civil liberties, civil rights, Communism, Detainee, Dictatorship, Dissent, Empire, Extraordinary Rendition, free press, free speech, George Bush, hong kong, human rights, humiliation, Japan, journalists, Media, mugabe, olympics, Oppression, orwell, police brutality, Police State, Protest, rendition, Surveillance, tibet, tibet protests, Torture, War On Terror, Zimbabwe | Tags: falun gong, falungong practitioners, Gao Zhisheng, Nippon Television Network Corp., olympics security, Shinji Katsuta, Shinzou Kawakita, tokyo, Xinjiang
Chinese Pleading For Human Rights Are Harrassed & Jailed Before Olympics, Journalist Are Intimidated
Washington Post
August 2, 2008
Behind the gray walls and barbed wire of the prison here, eight Chinese farmers with a grievance against the government have been consigned to Olympic limbo.
Their indefinite detainment, relatives and neighbors said, is the price they are paying for stirring up trouble as China prepares to host the Beijing Games. Trouble, the Communist Party has made clear, will not be permitted.
“My bet is the authorities won’t let them out until after the Olympics,” said Wang Xiahua, a veteran anti-government agitator from this farm town 180 miles southwest of Beijing and a supporter of the imprisoned farmers.
The Olympic Games have become the occasion for a broad crackdown against dissidents, gadflies and malcontents this summer. Although human rights activists say they have no accurate estimate of how many people have been imprisoned, they believe the figure to be in the thousands.
The crackdown comes seven years after the secretary general of the Beijing Olympic Bid Committee declared that staging the Games in the Chinese capital would “not only promote our economy but also enhance all social conditions, including education, health and human rights.”
Now, human rights have been set back rather than enhanced, activists say.
“The Olympics have reversed the clock,” said Nicholas Bequelin, a Hong Kong-based specialist for Human Rights in China.
Another foreign human rights advocacy group, Amnesty International, came to a similar conclusion in a report issued Monday titled “The Olympics Countdown — Broken Promises.”
“By continuing to persecute and punish those who speak out for human rights, the Chinese authorities have lost sight of the promises they made when they were granted the Games seven years ago,” said Roseann Rife, Amnesty’s Asia-Pacific deputy director. “The Chinese authorities are tarnishing the legacy of the Games.”
The repressive atmosphere has intensified in part because senior Communist Party officials seem to be just as determined to prevent embarrassing protests — which could be televised — as they are to avert terrorist attacks during the Olympics. In exhortations to security forces, Public Security Ministry commanders and Xi Jinping, the senior Communist Party leader in charge of Olympic preparations, repeatedly have said that police must block any attempt to damage China’s image.
Despite these concerns, President Bush and many other world leaders have accepted China’s invitation to attend the Olympic opening ceremony on Friday. After saying for months that the Games should be viewed only as a sporting event, Bush met with Chinese rights activists Tuesday and said he would use the opportunity to remind President Hu Jintao of U.S. support for human rights. The Foreign Ministry criticized his gesture, calling it interference in China’s internal affairs. But his decision to attend was still being interpreted as endorsement of China’s contention that the Olympic Games are not an appropriate stage for human rights appeals.
Chinese police beat, detain 2 Japanese reporters
AP
August 5, 2008
Two Japanese journalists were briefly detained and beaten by police in western China, their companies and one of the men said Tuesday, triggering a protest by the Japanese government. Chinese officials later apologized.
They were working in Xinjiang at the scene of a deadly attack Monday on Chinese policemen when they were forcibly taken to a border police facility, said Shinji Katsuta, a reporter for Japanese broadcaster Nippon Television Network Corp.
“My face was pushed into the ground, my arm was twisted and I was hit two or three times in the face,” he said in a phone interview broadcast on his station.
A photographer from the Tokyo Shimbun newspaper, Shinzou Kawakita, was also apprehended and roughed up, said a company spokesman who declined to give his name, citing company policy.
Chinese Rights Advocate Tortured in Captivity
Yu Hang
Sound of Hope Radio
August 5, 2008
In the shadow of a Beijing Olympics touted as a harbinger of change and human rights improvements, a well-placed informant from China disclosed to Sound of Hope Radio (SOH) the painful plight of renowned Chinese human rights attorney Gao Zhisheng since his disappearance a year ago.
The anonymous insider told SOH in a telephone interview that Gao, after his mysterious disappearance on September 22, 2007, was taken by the PRC police to a secret location where he suffered physical and psychological torture for nearly 60 days. The source said the level of torture was “beyond anyone’s imagination” and even the police executing the torture admired Gao’s uncompromising spirit.
While recounting the tortures inflicting on Gao, the insider souce said [transcribed from the telephone recording], “For example, they stripped attorney Gao Zhisheng naked, threw him to the ground and attacked him with electric batons. They deprived him of sleep. This is very common. It goes without saying that they beat him up as well. They have resorted to lowly, despicable means.”
The insider added that they tortured Gao Zhisheng to make him do three things. First, to make him write an article condemning Falun Gong. Second, to make him write articles condemning the founder of Falun Gong. Third, to make him write articles praising the Chinese Communist Party (CCP).
“But Gao Zhisheng did not compromise,” the source said. “The police were shattered to watch the horrible tortures. The outside world cannot imagine [the severity of the torture.]”
The insider added that Gao was tortured in the same way Falun Gong practitioners are tortured and that the level of torture will make one feel like an animal instead of a human being. The tortures were so cruel that Gao Zhisheng thought of committing suicide and hurting himself, according to the source. While recounting Gao’s plight, the insider repeatedly said, “the tortures are beyond anyone’s imagination.”
The insider told SOH that, with the Beijing Olympic Games impending, the CCP has secretly removed Gao’s family away from Beijing for fear of any unwanted incident, and the Chinese authorities do not plan to release Gao before the Olympic Games are over.
Gao Zhisheng is an attorney once highly praised by China for his successes. In 2005, after sending a series of open letters to authorities questioning the torture and abuse of Falun Gong practitioners, a campaign of harassment, arrest and torture was directed at Gao and his family.
http://www.watoday.com.au/news/la../08/05/1217701960735.html
China Orders Highest Alert for Olympics
http://www.nytimes.com/20..l?_r=2&ref=world&oref=slogin&oref=slogin
China apologises for roughing up journalists on eve of Games
http://www.breitbart.com/article…1.vz49fe9h&show_article=1
Beijing Olympics security: theater of the absurd
http://www.iht.com/articles/ap/2008/08/05/sports/OLY-Inside-the-Rings.php
Filed under: 1984, 2008 olympics, beijing, Big Brother, Checkpoints, China, civil liberties, civil rights, Communism, Detainees, Dictatorship, Dissent, Empire, Extraordinary Rendition, Fascism, free speech, free speech zone, George Bush, hong kong, human rights, Iraq, Nazi, neocons, olympics, Oppression, police brutality, Police State, Protest, rendition, Surveillance, Torture | Tags: Jilin Province petitioner, killed, mass arrests, petitioners, seized
China petitioners killed, beaten and seized by police
Epoch Times
July 23, 2008
At least two petitioners are thought to have died as Beijing authorities intensify their campaign to “clean up” the capital for the Olympics, with busloads of people taken away each evening.
Petitioners contacted by telephone told The Epoch Times that on the evening of July 13, five busloads of people were seized and taken away, with another busload taken the following evening.
“Every evening they are seizing people,” Mr Zhao Jianping, told The Epoch Times by phone. “The people living under bridges are becoming fewer and fewer.” Mr Zhao has been appealing in Beijing for more than four years.
Beijing appellant Tang Xuiyun told of a similar situation. “These past two days have been very dangerous for us,” he said. “If you hand in a letter of appeal you’re immediately seized.
“Jilin Province petitioner Xingrong [sic] was yesterday beaten lifeless, then dragged away, right now we have no idea whether [he or she] is dead or alive. Right now everyone is very vulnerable, and we don’t dare to step outside.”
Airing Grievances
Thousands of people, mostly from rural districts, travel to Beijing each year to air their grievances at government “appeals offices”, mostly over land grabs by corrupt local officials.
They are routinely arrested and sent back to their home provinces, but Beijing authorities are now ramping up a campaign that started in September last year, with the central government doing all it can to present a “harmonious” China to the world during next month’s Olympic games.
The mass arrests are coupled with measures to prevent petitioners from reaching the capital. Those wanting to enter Beijing now must apply for a permit, a process that rules out the many who have been blacklisted. All vehicles entering and leaving the capital undergo a “safety check”, with passengers asked to show their identification. Leaflets have been distributed telling residents to report any foreigners or suspicious people to the police.
Daily commuters on buses and trains are randomly asked to show their ID, with government officials stressing both “strictness” and “convenience” for security forces while inspecting people, state media reported.
Additionally, landlords renting out their basements were ordered in June to clear out existing tenants by July 1, according to Hong Kong’s Mingpao newspaper, with estimates that this forced more than 100,000 non-Beijing residents to return to their home provinces. Small hotels and guesthouses have been closed, surveillance cameras have been installed throughout the city, and large numbers of police wearing red armbands have started patrolling the streets.
“They are arresting people everywhere, and hotels don’t allow us to stay there for the night, our identities are all blacklisted,” Mr Zhao said. “The public safety authorities are more restrained in the daytime, but come evening, every appellant they discover is thrown into a vehicle and taken away.”
http://www.theage.com.au/w..p-begins-20080721-3irj.html
Bush: Olympians Ambassadors For Liberty
http://rawstory.com/news/afp/Bush.._be_ambassado_07212008.html
How Many Chinese Have Been ‘Suicided’?
http://en.epochtimes.com/n2/china/by-lin-zhanxiang-1480.html
China says no Olympic terror link found in bus blasts
http://uk.news.yahoo.com/afp/20080..-blast-oly2008-ef7dd21.html
Filed under: 1984, 2008 olympics, beijing, Big Brother, Checkpoints, China, civil liberties, civil rights, cloud seeding, Communism, Control Grid, Dalai Lama, Dictatorship, Dissent, Empire, Fascism, free speech, hong kong, human rights, Military, Military Industrial Complex, mongolia, nanny state, Nazi, olympics, Oppression, Police State, Protest, racial profiling, Racism, stasi, stasi tactics, Surveillance, tibet, tibet protests, war on drugs, War On Terror, weather control, weather modification
China To Enlist Beijing Residents To Fight Terror
Reuters
July 18, 2008
China will have nearly 100,000 commandos, police and members of the military on standby up to and during Beijing Olympics to handle potential terrorist attacks, state media reported.
Having deployed surface-to-air missiles, readied a 100,000-strong anti-terrorism force and instituted a series of security checkpoints, Beijing is adding Chinese residents as another layer in its shield to protect Olympics venues against possible attack.
Security officials are publishing a new “anti-terrorism manual” to educate Chinese about possible threats and instructing them how to respond in the event they are captured or encounter a threat, according to a Xinhua news agency report on Friday.
“When you notice something suspicious, you need to check it first, then listen, then smell, but try to avoid touching it,” the manual says, according to Xinhua.
It said the manual describes 39 different potential terrorism threats, including explosions, arson, shootings, hijacking and even chemical, biological, or nuclear attacks.
The security-obsessed government has identified a possible terrorist attack as the biggest potential threat to the successful hosting of the Games, which run from August 8-24, and it has widely publicized its security preparations.
“You also have to hide your mobile phones if kidnapped by terrorists,” an excerpt of the manual says, according to Xinhua.
It was not clear how many copies of the manual would be published or when and how it might be distributed.
China, eager to use the Games to showcase its rise as a modern economic power, has said that homegrown threats top security worries, including from Uighur militants campaigning for independence for Xinjiang in China’s far northwest and from Tibetan independence groups.
Officials said security forces had foiled five “terrorism groups” planning to attack the Beijing Olympics, with police detaining 82 people in Xinjiang.
But rights groups say that China is using Olympic security as an excuse to crack down on internal dissent.
Fears of a ‘no-fun’ Olympics in Beijing
The Age
July 18, 2008
FEARS of a “no fun Olympics” are growing as security restrictions increase and become more bizarre with less than 20 days to go until the opening ceremony.
Beijing police have been visiting bar owners in the popular Sanlitun area and asking them to sign pledges agreeing to not serve black people or Mongolians and ban activities including dancing.
Bar owners said that police have been clamping down on black people and Mongolians, who are sometimes implicated in drug dealing and prostitution, as part of an Olympic clean-up campaign that they and locals fear will make for a secure but sterile Games.
Maggies, Beijing’s most notorious expatriate bar, referred to as the “Mongolian embassy” because of its popularity with Mongolian prostitutes and Western men, was shut suddenly about two months ago after a reported murder.
The gay bar Destination has also been ordered to shut down its dance bar until further notice.
And in a separate move, the Ministry of Public Security announced at the start of the month that from October 1, discos, karaoke bars and other entertainment venues must install transparent partitions in previously private rooms, and ensure staff dress more modestly as part of an effort to crack down on prostitution and drugs.
The Minister of Culture announced on Thursday that all overseas entertainers who have ever attended activities that “threaten national sovereignty” will be banned. This follows an outburst by Icelandic singer Bjork at a Shanghai concert on March 2, which sparked an official investigation.
Bjork shouted out, “Tibet, Tibet,” after performing her song Declare Independence.
A notice on the Ministry’s website on Thursday said that entertainers who “threaten national unity”, “whip up ethnic hatred”, “violate religious policy or cultural norms” or “advocate obscenity or feudalism and superstition” will be banned. “Feudalism and superstition” are often code words used by the Chinese Government to refer to Tibetans loyal to the Dalai Lama. The move follows the detention of several prominent Tibetan singers.
http://www.washingtonpost.com/wp-d..5/AR2008071500579_pf.html
Olympics 2008: ‘Ring of steel’ security surrounds Beijing
http://www.telegraph.c..7-security-surrounds-Beijing.html
http://news.xinhuanet.com/english/2008-07/15/content_8550739.htm
Filed under: 2008 olympics, beijing, China, Dissent, hong kong, Military, Military Industrial Complex, olympics, Police State, Protest, tibet protests, War On Terror
Beijing Deploys Missiles Around the Olympic Stadium
Epoch Times
June 30, 2008
The Opening of the Beijing Olympics will occur in about 40 days. The Chinese Communist regime has deployed surface-to-air missiles in Beijing City to prevent an airborne terrorist attack on the Olympics.
According to a June 22 report from Hong Kong’s Sing Tao Daily, Beijing’s surface-to-air missiles were deployed only 300 meters across from the Olympic Sports Center. The venue is under military administration, surrounded by fences. In addition to the missiles, there are military vehicles and radar units. Soldiers and military police are also stationed there. Outside of the fences are ordinary roads.
The Global Times reported on June 24 that they are short-range surface-to-air missiles for low-altitude interception with a range of 12 km, and an average 80 to 90 percent success rate.
Filed under: 9/11, Australia, Bank of England, Britain, Credit Crisis, DEBT, Economic Collapse, economic depression, Economy, Europe, european union, FTSE, global economy, Great Depression, Greenback, hong kong, Inflation, interest rate cut, interest rate cuts, Japan, Mervyn King, rate cut, Stock Market, US Economy
Bank of England Governor hints at rate cut as global markets bounce back
UK Daily Mail
January 23, 2008
Bank of England Governor Mervyn King has given the strongest indication yet that an interest rate cut is imminent.
In a speech to the Institute of Directors in Bristol last night, King appeared to put pressure on the Committee to follow the Fed and cut rates.
He said that although inflation remains an “issue” the current interest rate of 5.5 per cent is “probably bearing down on demand.”
Although London’s leading shares jumped almost 100 points as the market opened the FTSE has continued to slide since then.
At 9.30am today it had dropped to 5702 after opening at 5839
In Asia, investors woke up to news of the shock rate cut this morning and the Nikkei index in Japan, the Australian Stock Exchange and the benchmark Hang Seng in Hong Kong leapt as investors scrabbled for bargains.
After Monday’s stock market turmoil, the U.S. Federal Reserve hit the panic button yesterday, slashing rates by 0.75 percentage points to 3.5 per cent.
The move has led to increasing pressure on the Bank of England to cut interest rates by 0.5 per cent.
In a desperate bid to calm the global stock market meltdown, the rate cut was even bigger than the emergency cut which followed 9/11.
Filed under: 9/11, Australia, Bank of America, Bear Stearns, bernanke, Big Banks, bilderberg, black monday, bonds, Britain, central bank, CFR, Credit Crisis, DEBT, Dow, Economic Collapse, economic depression, Economy, engineered recession, Europe, european union, Federal Reserve, foreign buyout, FTSE, gas prices, George Bush, global economy, gold, Great Depression, Greenback, hong kong, housing market, Inflation, interest rate cut, interest rate cuts, Merrill Lynch, Northern Rock, Oil, Oppenheimer, Petrol, rate cut, Russia, S&P, Stock Market, tax rebates, US Economy, Wall Street
Fed Cuts Interest Rates 75 Basis Points
AP
January 22, 2008
The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, slashed a key interest rate by three-quarters of a percentage point on Tuesday and indicated further rate cuts were likely.
The surprise reduction in the federal funds rate from 4.25 down to 3.5 percent marked the biggest funds rate cut on records going back to 1990.
Federal Reserve Chairman Ben Bernanke and his colleagues took the action after an emergency video conference on Monday night, a day when global markets had been pounded by rising concerns that weakness in the world’s largest economy was spreading worldwide.
Despite the Fed’s bold move, Wall Street plunged at the opening. The Dow Jones industrial average was down 311.99 points in the first hour of trading.
In a brief statement explaining its move, the Fed said that “appreciable downside risks to growth remain” and officials pledged to “act in a timely manner” to deal with the risks facing the economy. The action was approved on an 8-1 vote.
Analysts said the fact that the Fed did not wait until its meeting next week to cut rates underscored the seriousness of the situation.
“The world’s stock markets are in meltdown so the Fed came in with an inter-meeting move to try to stop the panic,” Christopher Rupkey, senior economist at Bank of Tokyo-Mitsubishi.
The Bush administration, which had announced on Friday that President Bush supported a $150 billion economic stimulus package, said Tuesday that it was not ruling out doing more than the $150 billion proposal if necessary.
Many analysts said if the carnage continues in stock markets, the Fed will move to cut rates again at its Jan. 29-30 meeting.
“This move is not an instant fix,” said Ian Shepherdson, chief U.S. economist at High Frequency Economics. “The economy is still staring recession in the face, but at least the Fed now gets it.”
‘Fed may keep cutting interest rates’
Western Mail
January 23, 2008
There could be more interest rate cuts to come as the US Federal Reserve tries to head off recession.
Howard Archer of Global Insight said the prospect of a US recession suggests the Fed may keep cutting rates.
Yesterday’s surprise decision to cut US rates by 0.75% helped rally London’s FTSE-100 index, after £76bn had been wiped off its value on Monday. The index of leading shares closed 161.9 up at 5740.1, a gain of 2.9% after Monday’s 5.5% fall.
The Fed’s cut to 3.50% was its first emergency move since 2001 and the largest single reduction since 1984.
Mr Archer of Global Insight said “The Fed did not directly reference Monday’s global stock-market meltdown in its announcement, merely noting that ‘broader financial market conditions have continued to deteriorate’. It focused upon the weakening outlook for growth.”
US rates ‘heading for 2.5% by the spring’
The Scotsman
January 23, 2008
American interest rates are set to tumble as low as 2.5 per cent by early spring as US policymakers battle to restore stability to a faltering economy.
Economists said they expected the Federal Reserve to have shaved another full point off borrowing costs by its scheduled April meeting.
The prediction came after yesterday’s surprise three-quarter-point cut to 3.5 per cent – a move that appeared to have only limited success in restoring investor confidence.
Bonds jumped sharply, with two-year notes falling to their lowest in nearly four years, as investors prepared for still more rate- cutting.
In London, the benchmark FTSE 100 index of Britain’s biggest companies closed 161.9 points or nearly 3 per cent higher at 5,740.1 following a rollercoaster session and the previous day’s 323-point battering.
Nigel Gault, chief US economist at forecasting body Global Insight, said the prospect of “at least a mild US recession” suggested the Fed was “far from done cutting rates”.
He added: “We now expect the Fed to cut another cumulative 100 basis points off interest rates. The next instalment will probably come at the formal meeting on 30 January – another 25 or 50 basis points. We would expect to hit 2.5 per cent by the April meeting.”
Yesterday’s decision to slash interest rates came a week before the US central bank’s regularly scheduled meeting, a sign that it acknowledges that the global financial situation is serious.
David Jones, chief economist at DMJ Advisors, said the Fed could move again between meetings, should conditions deteriorate further, and predicted the Fed would lower interest rates to 3 per cent by the end of March.
Earlier this month, leading investment bank Merrill Lynch said the US economy was already in recession.
Some analysts pointed to a panic move by the Fed, which is headed by chairman Ben Bernanke. Michael Metz, chief investment strategist at Oppenheimer in New York, said: “Unfortunately the Fed] have no power to reverse what in my opinion is the worst post-war recession.”
Recent News:
http://www.forbes.com/markets/feeds/afx/2008/01/23/afx4561857.html
http://www.forbes.com/afxnewslimited/feeds/afx/2008/01/23/afx4561918.html
http://www.prisonplanet.com/articles/january2008/012308_crash_now.htm
Market’s Wild Ride Ends With Dow at 15-Month Low
http://www.nytimes.com/2008/01/22/business/23cnd-stox.html?hp
Fed Rate Cut Seen As Once In A Generation
http://www.iht.com/bin/printfriendly.php?id=9418610
Federal Reserve slashes US rates on day when ‘chaos reigned supreme’
http://www.guardian.co.uk/business/2008/jan/22/useconomy.marketturmoil1
World’s Largest Bond Insurers Collapsing!
http://www.moneyandmarkets.com/Issues.aspx?NewsletterEntryId=1381
Tuesday Could Bring 1,000 Point Drop in Dow
http://www.247wallst.com/2008/01/a-1000-point-dr.html
All signs point to U.S. consumers hunkering down in recession bunkers
http://www.theglobeandmail.com/serv.ZA18/TPStory/Business
Foreigners Buy Stake In USA At Record Pace
http://www.nytimes.com/2008/01..partner=MYWAY&pagewanted=print
Bank of America net sinks 95 percent
http://www.reuters.com/articl..r=1&virtualBrandChannel=0&sp=true
Oil falls below $89 as stock markets plunge
http://biz.yahoo.com/rb/080121/markets_oil.html?.v=1
Horror day for Australian stock market
http://www.news.com.au/story/0,23599,23089611-2,00.html
Russian shares tumble as panic grips world markets
http://www.russiatoday.ru/business/news/19933
Current financial crisis was topic of Bilderberg 2006
http://rinf.com/alt-news/new-world-..s-topic-of-bilderberg-2006/2277/
The Coming Global Depression
Bear Stearns: The Fed Will Cut Rates AGAIN Next Week
World stock markets fall
Hopes of global rate cut sparks FTSE revival after early morning slump
Black Monday: recession fears spark global share crash
Biggest fall in shares since September 11
When governments print money, buy gold
Gold rallies back to the 890 usd mark after emergency Fed rate cut
Stocks Plunge Despite Fed Rate Cut
Surprise rate cut sparks dollar sell-off
Global markets dropped 5% overnight
Market drops on recession fear
Wall Street set to open lower
Wall St execs collect $US33b bonuses
Asian Markets Continue Slide
Futures plunge on U.S. recession fears
US recession fears wipe £77bn from London shares
Recession fears weigh on markets
Emergency: Global Financial Markets Collapsing
HK shares dive, China plays in worst day in 10 yrs
Will the Economic Crash Wake People Up?
U.S. slide an expanding threat
Britain Unveils Northern Rock Buy Out Plan
CFR: The ‘Historical Anomaly’ of the Dollar
Banks to suffer into ’09 as credit crunch drags: S&P
Tax Rebates Urged To Rescue Economy
U.S. economy teeters on the brink
7-Year Plan Aligns Europe With U.S. Economy
noworldsystem.com 