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Newscope Notes 12 01 08
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
Nations such as
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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