AO Weekly News Round Up 10-5-8
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The A-O Weekly News Round Up
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For
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10-05-08
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Editor's Note: I have a gut feeling this new week ahead is going to be extremely eventful with major developments, especially of an economic nature. If so, do not be surprised to find special A-O news updates posted during the week ahead.
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Shocking!
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US Lawmaker Claims
Feds Threatened Congress
With Martial Law
If Bailout Bill Not OK'd
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Congressman Brad Sherman, D, 27th District of CA
Reveals Threat on C-Span Speech During Debate
See Video Link
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Congress Bails Out Wall Street
Bush Signs Bill Into Law
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Includes IRS Snooping Capabilities
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Auto Sales Plunge on Credit Crunch
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Asian Markets Drop Further
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On Monday After Bailout Passes
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Forbes Mag: Bank Run Concerns
Mogan-Stanly & Goldman-Sachs?
When investors don't trust even venerable institutions like Morgan Stanley and Goldman Sachs, you know that the financial crisis is as severe as ever. When a nuclear option of a monster $700 billion rescue plan is not even able to rally stock markets, you know this is a global crisis of confidence in the financial system.
The next step of this panic could be the mother of all bank runs, i.e. a run on the trillion dollar-plus of the cross-border short-term interbank liabilities of the U.S. banking and financial system, as foreign banks start to worry about the safety of their liquid exposures to U.S. financial institutions. A silent cross-border bank run has already started, as foreign banks are worried about the solvency of U.S. banks and are starting to reduce their exposure. And if this run accelerates--as it may now--a total meltdown of the U.S. financial system could occur. Read full article. LINK HERE.
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German Gov't Fears Bank Panic
Moves to Guarantee Savings
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Dollar Soars on Global Fears
As a Currency Safe Haven
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Europe Bank Bailout Shredded
A European effort to bail out European banks involved in the Global financial crisis has fallen apart at the end of the week. Greece and Ireland made independent bailout moves that thwarted EU attempts to put together a comprehensive bailout program. Details, LINK HERE.
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Euro Co's Scale Back
4-Day Work Week & Layoffs
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Pre-Planned "Financial 911" of 2008?
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French PM Says:
World on Edge of Abyss
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IMF Warns of Global Recession
Oil Drop to $50?
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US & Pakistan on Brink of War?
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Pat Robertson Warns of Nuke War
Within 4 Months
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From a letter posted by Pat Robertson of CBN/700 Club -- "In conclusion, it is my opinion that we have between 75 and 120 days before the Middle East starts spinning out of control." Full letter - LINK HERE.
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View From Pakistan:
US on Collision Course with Iran
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Lebanese Army Likely To
Strike Palestinian Camp
Could Trigger Syrian Intervention?
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Israel Threatens Lebanon
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Syria Warned Against Intervention
LINK
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Israel: N. Korea Spreading Mideast Nukes
Israel accused North Korea on Saturday of supplying at least half a dozen Mideast governments with nuclear technology or conventional arms.
Israel's delegate to the International Atomic Energy Agency, David Danieli, accused North Korea of being a black market supplier of conventional arms or nuclear technology to Middle East nations covertly trying to break out of the nonproliferation fold.
While he did not name the "at least half dozen" countries suspected of accepting the North's help, he appeared to be referring in part to Iran and Syria, which are both under IAEA investigation.
World powers at a 145-nation Vienna meeting of the IAEA at the same time urged North Korea to stop reactivating its weapons-producing atomic program.
Besides Iran, Syria and Libya, US officials have said that North Korea's customer list for missiles or related components going back to the mid-1980s includes Egypt, the United Arab Emirates and Yemen. Much more detail - LINK HERE.
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US To Sell F-35s Warplanes To Israel
The Pentagon's Defense Security Cooperation Agency has approved the sale of 25 F-35 fighter jets to Israel with an option for another 50. The F-35 is America's most advanced jet fighter to date, at least publicly acknowledged. LINK HERE.
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US Drops Plans For Diplomats in Iran
The White House has halted plans to establish a diplomatic liasson inside Iran, fearing it could affect the US presidential race. More details - LINK HERE.
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Palestinian Authority Braces
For Possible Hamas Takeover
In the West Bank
Hamas may try to "a hostile take-over" of the West Bank and thereby wresting control from the Palestinian Authority. More details, LINK HERE. Additional information, LINK HERE.
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Israeli General Warns Hezbollah
An Israeli general warned Hezbollah of a harsh Israeli response to any provocations by Hezbollah. More details, LINK HERE.
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Hezbollah Breaking With Syria?
Orders Members Out of Syria
Tensions between Syria and Hezbollah are running high. Hezbollah leaders have ordered its members to leave Syria. Relations between Syria and Hezbollah have deteriorated this year, after the assassination of Hezbollah's top field commander in Damascus. There are strong indications that the Syrian government may have been complicit in the assassination. More details on the growing rift. LINK HERE.
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Syria & Russia Collaborate Militarily
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Syria Rejects UN Nuke Inspectors
The head of Syria's nuclear programme has said that the country's military sites will remain off-limits to international nuclear inspectors. Damascus said it would co-operate with an International Atomic Energy Agency (IAEA) inquiry only if it did not threaten its national security. The watchdog is investigating claims of a secret Syrian nuclear programme.
Syria's announcement comes after it dropped a bid to win a place on the board of the IAEA. More details, LINK HERE.
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IAEA Urges ME Nations
To Give Up Nuke Ambitions
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French PM Fears ME Peace Collapse
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Egypt Trying To Arrange Peace Talks
The Eygptian government is again working hard behind the scenes to engineer another Israeli-Palestinian Peace Conference. Details, LINK HERE.
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UK Faces Critical Terror Threat
The terrorist threat in Britain is approaching critical as police and MI5 face an increase in activity by al-Qaeda militants, senior security officials have disclosed. Full Details. LINK HERE.
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Russia Sees End of US Domination
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Why Russia Plays Nicer
Newsweek Article
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