Just how many times have I warned you (this means you to Senator Shelby) that the collapse of the dollar was intentional! And what about that New World Order (Most of you called it, Crap! Not in my lifetime! ) crap! Do you hear me now! Do ya here me! Nope, you're still mesmerized by the messiah! The messiah who will take us down the road to hell! Do you hear me now! (Yeah! That means YOU too!)
Obama Urged To Shape New Economic Order
Note: You notice how quickly this news came out...the last vote was not counted when the Bilderberg group came out of the closet.
LONDON (Reuters) - Political leaders urged U.S. President-elect Barack Obama on Wednesday to help forge a new economic order to lead the world out of its worst financial crisis since the 1930s.
Excitement about the election of Democrat Obama as the first black U.S. President was tempered by an awareness of the challenges he faces as the world's biggest economy labors in recession.
"We need to change the current crisis into a new opportunity. We need a new deal for a new world," said European Commission President Jose Manuel Barroso. (DO YOU HEAR ME NOW!)
"I sincerely hope that with the leadership of President Obama, the United States of America will join forces with Europe to drive this new deal," he added. (DO YOU HEAR ME NOW?)
Underlining the economic woes Obama faces, U.S. private employers cut a larger-than-expected 157,000 jobs in October, a report by a private employment service showed.
Initial market reaction to the election was sober, with the dollar retreating against the pound and the euro and Wall Street expected to fall after an election-day rally. (DO YOU HEAR ME NOW!)
European shares were down two percent, but Asian stocks earlier closed at three-week highs.
"The market is maybe reflecting the hard work ahead and difficult economic circumstances new president Barack Obama has inherited," said Keith Bowman, analyst at Hargreaves Lansdown. (INHERITED FROM BILL CLINTON'S TAX, SPEND, AND BANKING POLICIES! DO YOU HEAR ME NOW? C'MON NOW YOU FOOLS IF YOU DON'T NO WHO'S FAULT IT IS YOU DON'T NEED TO BE DISCUSSING IT...PERIOD!)
Obama does not take office until January, leaving outgoing President George W. Bush to host a summit of world leaders in Washington on November 15 to discuss the global financial crisis which has its roots in the collapse of the U.S. housing market.
RATE CUTS AMID THE GLOOM
That summit will tackle new ways to regulate the world's financial sector as the world heads into recession. (To manipulate the total collapse of the dollar...and make way for the AMERO! DO YOU HEAR ME NOW?)
Authorities are trying to soften the impact of the downturn with support for banks, cheaper lending and stimulus measures, which have already amounted to around $4 trillion. (Authorities! That's those friggin people you elected! "Soften the impact..." Same kind of Saul Alinsky verbiage used by the Clintons and Obama! DO YOU HEAR ME NOW!)
Germany's cabinet agreed a package of measures on Wednesday to give Europe's biggest economy a 50 billion euro ($64.2 billion) boost and protect about 1 million jobs, following a 500 billion euro bank rescue package last month. (THE EURO IS A FAILURE AND SO WILL THE AMERO...this too, is intentional to make way for the New World Order monopoly money! DO YOU HEAR ME NOW?)
It includes extra funds for small and medium-sized firms to borrow, tax breaks on new cars and funding for infrastructure projects and building work.
Gloomy data from Britain and the 15-nation euro zone added to expectations of hefty interest rate cuts on Thursday. (Expect the 3-nation amero zone by 2010...it's in the master plan! Wake up!)...No you don't hear me now! You didn't five years ago so what makes me think you're going to listen now...fools. yes fools! Mesmerized by even a bigger fool!
British manufacturing output fell for the seventh month running to mark the longest stretch of declines in 28 years.
In the euro zone, service sector activity touched a fresh decade low in October while retail sales declined in September.
The Bank of England and the European Central Bank are expected to cut their rates on Thursday by at least 50 points, having cut four weeks ago as part of a coordinated round.
TREASURY TASKS
Obama will move quickly to appoint his top team. (You betcha! And you can take that to the bank...if there's any left that have not been nationalized by the DICTATORS IN CHARGE)
The next Treasury secretary, who could be named within days, will inherit one of the hottest seats in Washington, faced both with piloting a $700 billion bailout package and the regulatory reform needed to prevent a repeat of the crisis. (The Seven-hundred big B heist from the American taxpayer...soon to be heard by the Supreme Court of the United States...at least it has a request in for a hearing. And what happens if the SCOTUS finds so and so guilty? Guess who's going to jail? For starters, Bill Clinton and ending with Barney Frank...c'mon now you know the rest of the thieves. The shortlist likely includes former Treasury secretary Lawrence Summers, ex-Federal Reserve Chairman Paul Volcker and Timothy Geithner, head of the Federal Reserve Bank of New York.
Obama has advocated a second government stimulus package worth $175 billion that would include money for investments in infrastructure as well as another round of tax rebates.
The U.S. Treasury is expected to announce on Wednesday the return of the three-year note when it sets out plans for borrowing which could total $2.1 trillion in the current fiscal year, to fund its massive bailout program.
PAYBACK TIME?
The financial crisis, which stemmed from a U.S. housing market collapse, has redrawn the banking landscape and authorities are pushing for changes to its corporate culture.
Italy will approve a plan to support banks next week, which could use convertible bonds or preferred shares, Prime Minister Silvio Berlusconi said.
The Italian government is also working on measures to help families and businesses, and one "important" bank will announce an extra 5 billion euros of loans available to small and medium-sized firms, Berlusconi said.
A source close to the matter said that bank was Unicredit. Swiss bank UBS AG said its chairman and board may repay previously granted bonuses as part of a report on pay at the company due at a shareholder meeting later this month.
European earnings did little to lift the gloom, with a recurring trend of falling profits and rising bank provisions.
France's biggest bank BNP Paribas posted a 55.6 percent fall in third-quarter profits.
ArcelorMittal, the world's largest steelmaker, forecast a weaker final quarter, slashed output and froze growth plans.
(Additional reporting by Reuters bureaus worldwide, editing by Mike Peacock)
Then there's also this....
