Headlines, Headlines, Headlines – 01 April 2009

Posted on April 1, 2009 by stacyherbert| 9 Comments

Stacy Summary: The word formerly known as “pension” is big news today as it looks increasingly unlikely that any non-oligarchic Americans will receive any of their previously contractually obliged retirement benefits.

US property prices down 29 pc, continue to tumble at fastest rate on record

Obama considers bankruptcy best option for GM & Chrysler (or, how workers are about to find out that their contracts are not inviolable)

Exxon pension fund files suit against Northern Trust alleging “reckless, massive losses”

Lord Mandelson’s plans to privatize Royal Mail condemned as ‘vague’

British taxpayers to bail out MPs’ ‘gold plated’ pension plans

Nigeria is worst performing stock market as loans to speculators go bad

Afternoon updates:

Rioters loot offices of Royal Bank of Scotland

Treasury toxic asset disposal program available to pre-ordained financial oligarchs

This entry was posted in Headlines and tagged chrysler, exxon, friends of geithner, gm, lord mandelson, max keiser, max keiser oracle, mp pension, nigeria stock market, obama, pensions, royal bank of scotland, royal mail, stacy herbert, us property prices. Bookmark the permalink.

9 Responses to Headlines, Headlines, Headlines – 01 April 2009

Danny | April 1, 2009 at 9:36 am |

Unmasking the Fed

http://www.brasschecktv.com/page/585.html

Great videos at this site.
Danny | April 1, 2009 at 9:46 am |

Webster Tarpley gave a superlative proformance on infowars on Monday, March 2nd. He goes through insiders and lessons from history in terms of economic crises. He's the first guest on the show so just follow the link and click on Monday, March 2nd. Highly recommended.

http://www.infowars.com/audio/200903/200903.html
James Cortright | April 1, 2009 at 10:03 am |

If this is true what does it mean?

http://seekingalpha.com/article/128150-nyse-runs-…
Udo | April 1, 2009 at 3:43 pm |

@James: interesting. Confirmation is indeed welcome.
Mep | April 1, 2009 at 3:56 pm |

I have the sense that whatever happens with GM, it's gonna be brutal.

One of my aunts just retired from Delphi–GM's bankrupted parts supplier–(she was a Sr. buyer and had been planning to retire for a couple years), and she lost her health care as well as a couple hundred thousand dollars. Last I knew, GM had agreed to back Delphi's pension obligations in order to help Delphi recover from Chapter 11. (When GM spun Delphi off in 1999, it agreed to step in and help if Delphi ever got into financial trouble.) So if GM is forced into an "orderly" bankruptcy, it's not just union contracts and GM pensions that are on the line. They still have Delphi pensions. More than that, a GM bankruptcy could push Delphi into Chapter 7. And so where would a restructured GM then get its auto parts if Delphi liquidates? And how could a raped and pillaged Pension Benefit Guaranty Corporation take on the obligations of Delphi and/or GM?
joe | April 1, 2009 at 3:59 pm |

I recommend people to listen to Alan Watt. He is a fantastic mind while concisely cuts through matrix that we live in.
All of these stories are hidden in a secret origin of cabalistic power. So it's not surprising to see these stories once we know the players behind it al
Chris | April 1, 2009 at 7:09 pm |

Joe,

I'm a big fan of Alan Watts and his philosophy. You can find more info at http://www.alanwatts.com. In particular his talk on the difference between wealth and money is very good. He points out that when you give up $20 in exchange for groceries you should be delighted and amazed. You've given up money (paper, coins) which is useless, and received something of true value to your life: food. Like Ron Paul, he points out that money simply symbolizes wealth, or measures it. Saying "we don't have enough money to feed the poor" is like saying "we don't have enough inches on our ruler to build this cabin".
Mep | April 1, 2009 at 8:35 pm |

Stacy,

Here are a few more articles you might be interested in:

- Treasury could dump toxic assets online: http://www.huffingtonpost.com/2009/04/01/bank-res…

- Obama's Ersatz Capitalism: http://www.nytimes.com/2009/04/01/opinion/01stigl…

- Dems investigating Bush admin's role in AIG collapse: http://www.huffingtonpost.com/2009/04/01/dems-inv…
StephenLV | April 1, 2009 at 8:51 pm |

That article brings up one of the main reasons Gold is not universally embraced…the price is totally downwardly rigged. Even at the current made-up Gold Price there is not enough Gold in existence to cover maybe 60% of the Dollars circulating in the US (M1). Buying Gold is as no-brainer as it gets. Sooner or later the lid is coming off.

Whatever these Globalist come-up with as a Reserve Currency they best get to it pretty quick or their dreams will never be more than that, a dream. This is the issue, the rest is noise. It is obvious Gold is going to have to be it for many reasons. The question then becomes how best to control the bleeding during the transfusion process into Gold? Millions are being impoverished in the meantime. The natives are getting restless and as soon as the Obama Meme starts dying all hell is going to break loose.