Breaking news from October 2008 first published on this blog 06/29/07

World wide depression's effect on 2008 US elections
With the world in the grip of a world wide depression it is still not clear how the monetary disaster will effect US voters. With millions standing in soup lines in major population centers the possibility of a clean sweep by the collectivist leaning Democrats may be on the horizon.
The depression has it's roots in late June of 2007 by a press release from
The Bank of International Settlements (BIS), the central bankers’ central bank, based in Switzerland mentioned in their 77th Annual Report (June 24, 2007) that they believed the world was heading for a depression sparking the hurried buy of gold and silver by moneyed interests. In the months that followed an increasing fear of placing new orders for raw materials plagued the worlds retailers and manufacturers.
The following is the quote that tipped the scales to the negative:

"As we have already mentioned this week, the BIS, (in their 77th Annual Report of June 24) mention the unmentionable word — depression!

The reason the word “depression” is so rarely spoken of publicly in “responsible” circles is that the mere mentioned of the word could so shatter confidence that it could itself trigger a depression. "

Communist China calls in US Treasury Bonds
In a related move that could radically change the government structure of the United States Communist China has called for payment on it's holding of US Treasury notes. The Dollar was trading at 1-100 against the solid Euro when trading was suspended at noon. This assault which was unthinkable before congress changed the law allowing hostile foreign purchase of notes has brought the Congressional approval rating to a new low of 11%.
Radical elements blame World Mega Bankers
While some believe that world bankers have orchestrated the collapse of the economies of the world for consolidation of their power, President Bush scoffed at the idea. He said his purchase of 14 counties in West Texas and the state of Chimichangus in Mexico had nothing to do with insider information about the collapse. He went on to say that it not proper to insult the world bankers because we may need to borrow from them for his new Works Progress Administration projects (WPA) .