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The False GDP of USA
Tun Dr Mahathir bin Mohamad wrote in his Weblog about The Banking System and The Fasle Economy.
This is the second installment in a series on the trends that led to the present financial crisis.
1. Another contributor towards the per capita and GDP of the rich countries is the banking business.
2. Banks are apparently allowed to [...]
Another Forex Scam
Forex Scam
The Forex Peace Army reported another Forex Scam involving two Forex Traders and two Forex Companies under the heading Two Traders, Two Companies, One Big Scam.
The reported case of Forex Scam involved Yokebeto which is part of a trading group from Japan that has been testing out an Expert Advisor.
In Yokebeto’s case, [...]
Aoutomated Forex Trading Systems is Popular
Automated Forex Trading Systems
Automated Forex Trading Systems is getting more popular now. This could be due to:
1. More Affordable
It is more affordable now. Those days an Automated Forex Trading Systems would costs a few thousand dollars. But now, a good Automated Forex Trading Systems is priced much less. It ranges from less than a hundred dollars [...]
USD Unemployment - Non Farm Payrolls
WASHINGTON (AP) — The number of out-of-work Americans continuing to draw unemployment benefits has surged to a 25-year high, while shoppers turned extra frugal, further proof of the damage from sinking economy, credit problems and financial stresses.
The Labor Department reported Thursday that the number of people continuing to draw unemployment benefits jumped by 122,000 to [...]
Allow Banks to Cheat in the Finanacial Crisis
Obama and the Finanacial Crisis
by Tun Dr Mahathir Mohamad
1. When President Obama made a bid for three trillion dollars in order to deal with the financial crisis, I assumed that like the immediate past President and the Head of the Federal Reserve, he was going to use the money to bail out the failed banks [...]
