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Archive for 1. December 2008

Newscope Notes 12 01 08

1. December 2008 by admin.

World NewsChavez seeks power extensionHugo Chavez, the colorful President of Venzuala, has been making moves behind the scenes to alter the Venezualan constitution to allow him to stay in power until 2021.  A few days ago, at a rally of thousands orchestrated by Chavez’ party, the United Socialist party, the animated President chortled “I am ready, and if I am healthy, God willing, I will be with you until 20219”.  The staged rally’s throngs reacted with predicted shouts of acclamation.<a href=http://news.bbc.co.uk/2/hi/americas/7757784.stm>News Source</a>An unnamed “senior Pakistani security official” was quoted in an article in the

UK times as saying . “If something happens on (the Indian) front, the war on terror won’t be our priority.  We’ll take out everything from the western border.” He was referring to a growing throng of Indians calling for force-buildup along the border with

Pakistan, the disputed Kashmere region.  The bifurcating needs of India and Pakistan place the U.S. in the unenviable position of having two ostensible allies pulling

U.S. interests into disparate directions.While Pakistan seeks to pressure the U.S. to pull back the Indian groundswell of rage directed at all things Pakistani, India is pressuring the U.S to get the Pakistani government to aggressively pursue all agents of the Mumbai Massacre, whether they be Pakistani government officials or not.<a href=”http://www.timesonline.co.uk/tol/news/world/asia/article5259622.ece”>News Source</a> 

Economic newsDow declines in the past year- 33%

Germany’s DAX_n 42%Shanghai Composite- 64$The World Index- sans the DOW- 49%

Nations such as China, Russia, India, Japan, the alleged usurpers of parts of American dominance in the world, are in considerably worst turmoil than

America herself is.  This bodes well for

America in that, during her time of weakness the rest of world is unable to muster the strength to usurp American power in the world today.

 

Credit Freeze is not done yetDespite the billions of dollars that credit card companies have received through the bailout, that industry is discussing a plan that would call for the credit industry to freeze 2 plus trillion dollars over the next 18 months in an attempt to account for risk aversion and the anticipated changes in regulations.The source of this speculation is Meredith Whitney, in a Reuters article, quoted as saying “….we expect available consumer liquidity in the form of credit-card lines to decline by 45 percent”.Due to the recent mergers both before and after the bail out, lines of credit, referred to as “consumer liquidity” are now in the hands of 5 international leviathons.  This dominance by a few has resulted in the power of the few to develop a coordinated drawback of credit across the boards, to be assisted by more aggressive collection practices, a trend supported by thousands of anecdotal witness accounts from those who are being pursued by one of the big 5. <a href= http://www.reuters.com/article/newsOne/idUSTRE4B01HI20081201 >News Source</a>Paul Collier, americanfreedomist.comThis article may be used freely so long as you credit Paul Collier and the American Freedomist Network, as well as include the links.

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