Lawsuits Coming Against Banks - Jim Willie Commentaries

There are some big lawsuits already underway, and more coming, against the big banks, including the Federal Reserve. These may bring out into public scrutiny some of the shennanigans that have been going on in the banking system.

Written Commentary:
http://www.financialsense.com/fsu/editorials/willie/2008/1216.html

Audio Interview
http://www.contraryinvestorscafe.com/broadcast.php?media=169

But it all makes you wonder whether Our Masters will really let these lawsuits come to fruition.

Keep your eyes and mind open,
Michael Childress

THE REAL TRUTH BEHIND THE CITIGROUP BANK NATIONALIZATION - Engdahl

Check out Engdahl's take on what is really going on with the Citigroup "bail out", which is really a nationalization of the country's biggest bank:

http://www.financialsense.com/editorials/engdahl/2008/1126.html

Keep your eyes and mind open,
Michael Childress

Jim Willie Interview – Contrarian Investor Café

Old Jim Willie has a very dour view of things. Unfortunately, a lot of it makes too much sense to consider his perspective as simply ludicrous. In the meantime, the looting of the system by the financial powers that be continues. One of his key predictions: Another huge chunk of money requested by the banks in the next few weeks.

Here’s the link for the recorded interview:

http://www.contraryinvestorscafe.com/broadcast.php?media=141

Also note Jim Willie thinks that the US $ will soon be essentially worthless. This is in contrast to predictions by Robert Prechter, whose book Conquer the Crash will be excerpted on Sunday, October 26 here. Prechter thinks only cash will survive these financial times, and that even precious metals will decline in value, along with everything else. We will soon see who is right.

Keep your eyes and mind open,
Michael Childress

The Sacking of America by Darryl Schoon

Wonder what the banking whoopla is all about in the US, England, and elsewhere? The main issue is the path down which central banks have taken us. Here's a commentary on this:

http://www.financialsense.com/fsu/editorials/schoon/2008/0716.html

Oil Speculation: Real or Smoke Screen?

There are many commentators who believe that the recent Congressional hearings about oil speculators is a distraction from the real issue: a shortage of oil in the world. Here is another perspective. Maybe there really IS an important contribution of speculators to world oil prices. The proposed culprits? The usual: the big banks.

http://www.financialsense.com/editorials/engdahl/2008/0502.html

Keep your eyes and mind open.
Mike Childress