Chavez & Putin
Russian warships to help Chavez’s anti-U.S. drive
CARACAS (Reuters) – Russian warships will sail into the Caribbean later this year, helping Venezuelan President Hugo Chavez to fend off perceived U.S. aggression and weaken Washington’s influence in its traditional backyard.
Evoking Cold War memories, Russia said this week it would send the missile-laden, nuclear-powered cruiser Peter the Great and other hi-tech ships for joint naval exercises with Venezuela scheduled for November. Continue reading We arm Georgia, Russia arms Venezuala
The Great Depression - 2008
The market was 500 trades away from Armageddon on Thursday, September 18. 2008.
Had the Treasury and Fed not quickly stepped in with a quick $105 billion injection of liquidity, the Dow could have collapsed to the 8,300-level – a 22 percent decline!
According to traders, who spoke on the condition of anonymity, money market funds were inundated with $500 billion in sell orders prior to the opening. The total money-market capitalization was roughly $4 trillion that morning.
The panicked selling was directly linked to the seizing up of the credit markets – including a $52 billion constriction in commercial paper – and the rumors of additional money market funds “breaking the buck,” or dropping below $1 net asset value. Continue reading The DOW – Almost down 22% to 8,300 on Sept. 18, 2008
Just a quickie for tonight. Lehman Bros now bankrupt…Merrill Lynch is no more, absorbed into Bank of America…AIG (insurance) seeks a $40 billion loan from the FED to survive…Dow Futures are plummeting – currently predicting that the Dow will open 360 points down.
Banks are bracing for the short sellers to come [...]
Laura Chase, the campaign manager during Ms. Palin’s first run for mayor in 1996, recalled the night the two women chatted about her ambitions.
“I said, ‘You know, Sarah, within 10 years you could be governor,’ ” Ms. Chase recalled. “She replied, ‘I want to be president.’ ” Continue reading Sarah Palin – “I want to be president.”
“There is such a thing as a black Republican, but they have been all but invisible at the party’s national convention which is hardly representative of America’s diverse population.
“Among the party’s 2,380 delegates gathered in St. Paul only 36 are African Americans and very few other visible minorities were to be found on the convention floor.
“This is the first time in 40 years that there has been such a weak representation of minorities at a major political party convention, according to the Joint Center for Political and Economic Studies.”
No, those are not my words, are from an article in today’s Breitbart.com.
Continue reading Sea of white faces at Republican convention