Rebel News - Independent News and Analysis

It's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That's an amount equal to nearly 30% of our entire GDP. And we're the world's biggest economy. Where will the money come from?

Billions of dollars were at stake when 21 executives of Goldman Sachs and the American International Group convened a conference call on Jan. 28, 2008, to try to resolve a rancorous dispute that had been escalating for months.

A.I.G. had long insured complex mortgage securities owned by Goldman and other firms against possible defaults. With the housing crisis deepening, A.I.G., once the world’s biggest insurer, had already paid Goldman $2 billion to cover losses the bank said it might suffer.

The 'false allegation' industry The 'false allegation' industry also exists here in Australia. We need to draw back the curtain and begin to pay attention to the man behind the curtain.

There are critical points to understand. Once the world went off the Gold standard, the people now in effect became dead to the Law.. All courts are courts belonging the central banks, being the creditor in any case. A Judge cannot see the substantive Law in relation to a man or woman's God-given rights anymore under public policy. Public policy refers to the bankruptcy/insolvency of that nation.

Worried about the global economic crisis? It's all in your head, says a leading financial expert.

And that's the problem, according to Jeff Gates, author of the highly-regarded Democracy At Risk: Rescuing Main Street From Wall Street, a sequel to The Ownership Solution: Toward A Shared Capitalism For The 21st Century. The latter book was described by one reviewer as "the best book on economics for a generation," and praised by Ralph Nader as "a Capitalist Manifesto, a blueprint for spreading the benefits of capitalism more equitably."

Gates, a former counsel to the U.S. Senate Committee on Finance (1980-87), identifies the source of the current economic crisis as a "shared mindset" into which we have been induced to put our faith, to the grave detriment of the majority – but to the immense benefit of a very few.

As President Obama continues to try to sell the country on the necessity of government intervention, this Mises Institute video from April 2009 looks at what happened when a president made the rare choice to restrain government action in an economic crisis.

The former US finance minister, Henry Paulson, has recently said in his memoirs that Russia tried to coerce China into trashing the US economy, by dumping the bonds of American companies. Always with an eye for a scandal, Max Keiser says it highlights how easy it is to send the US crashing to its knees. (Watch the full 14th episode of the Keiser Report later)

On Peter Lavelle's crosstalk he asks his guests how to make Wall Street and Washington work for Main Street. If this doesn't happen, they warn, we should expect another financial meltdown.

Could over 1 million bars of gold, much of which is still held in Fort Knox, Ky., be counterfeit? An October 2009 discovery that suggests this may be true has been suppressed by the mainstream media but has been circulating among the “big money” brokers and financial kingpins. It is just now being revealed to the public.

Gold is regularly exchanged between countries to pay debts and to settle the so-called balance of trade. It is often also used as a hedge against a falling currency. Gold is regularly traded and stored in vaults under the strict supervision of a special organization based in London, known as the London Bullion Market Association (LBMA). That’s why news of counterfeit gold bars was a surprise to many experts.