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On this year’s anniversary of the 9/11 attacks, there was a sudden surge in the activity of U.S. hedge funds originating from overseas… like Dubai. There was a sharp rise in “short selling” of stocks, similar to the suspicious trades in the days preceding September 11, 2001. According to one well-known economist, the same institutions attacked on 9/11 are those suffering now. Coincidence?
From 1813 to 1907, the U.S. dollar appreciated in value. What cost one dollar in 1813 cost only 48 cents in 1907. In 1913, the Federal Reserve was formed, ostensibly to provide financial stability and 'fight inflation.' Since then, the value of a dollar has all but vanished, as what cost one dollar in 1913 cost $20.73 in 2007; the dollar has lost 95.2 percent of its value under management of the Fed.
Muslim students are crying foul after the University of Southern California’s provost took down historical documents that call for Muslims to kill Jewish people from a student group’s site, the Daily Trojan reports. The documents come from a collection of scriptures known as hadiths, the words of Muhammad not included in the Quran. These hadiths, which include thousands of noninflammatory principles, were posted in their entirety on the school’s server as part of the defunct Muslim Student Association’s website.
Washington — On Wednesday night, President Bush addressed the nation in an effort to convince Congress to pass a bill to 'reduce the risk to major financial institutions' and 'safeguard American families and businesses.' On Thursday he met with Senators John McCain and Barack Obama and other congressional leaders to build a consensus plan for bailing out our financial system. The potentates on the Potomac are now pondering the price-tag for saving Wall Street. Unfortunately, corrupt officials in other capitals are also hard at work undermining what’s left of the U.S. dollar – by printing and distributing their own versions of American currency.
