Toward a North American Union |
The global elite, through the direct operations of President George Bush and his Administration, are creating a North American Union that will combine Canada, Mexico and the U.S. into a superstate called the North American Union. There is no legislation or Congressional oversight, much less public support, for this massive restructuring of the U.S. It's primary perpetrators are mostly members of the Trilateral Commission, founded in 1973 to foster a "New International Economic Order." MUST SEE VIDEO: Canadian political party rejects North American Union
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From Bloomberg |
By Matthew Benjamin
Dec. 31 (Bloomberg) -- This wasn’t just a bad year for the economy. By some measures, it was the worst year any American under age 70 has ever seen.
The loss of jobs in the U.S. may be the biggest since the end of World War II. This year’s declines in stock and home prices haven’t been exceeded since the Great Depression. The slump in holiday spending may set a record; foreclosures already have. Credit markets seized, halting the longest expansion in consumer purchases.
Europe and Japan also sank as U.S. demand faltered, marking the first simultaneous recessions since the Second World War ended. High-flying emerging economies, such as China and India, weren’t immune, signaling the world economy is just as interconnected in bad times as in good.
“It was the year we wish it wasn’t,” ... Read more...
From the Financial Times (FT)
US stocks suffer worst year since Great Depression
By Alistair Gray in New York
Published: December 31 2008 14:09 Last updated: December 31 2008 22:08
The worst annual performance for Wall Street stocks since the Great Depression ended with a modest rally on the final day of trading as the Federal Reserve pushed ahead with its plan to buy mortgage-backed securities.
The central bank’s plan to buy up to $500bn of mortgage bonds by the middle of 2009 helped spur a 1.4 per cent gain on the day for the S&P, which finished 2008 at 903.25. ... Read more...
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