Farmers from Uttar Pradesh, in northern India, have resorted to Selling their Wives to Money Lenders to settle their Debts.
Due to failing crops and no money, the farmers are offering their wives in marriage contracts for 4000 to 12,000 Rupees. [$82 - 246 USD.]
The more Beautiful the Woman , the Higher the Price.
Once the new husband is tired of the woman , she may be resold to another man.
No Money No Honey.
Filed under Abundance Wealth, alternative media, alternative news and information, Bank of the World, citizen journalism, Corruption, Global Enslavement, Human Rights, Money & Power, News, News by Photos vBlog, non mainstream media, Rich Man Poor Man, Tyranny
The Financial Crisis has Wiped Out $6.7 TRILLION already since the S&P 500 High of Oct 2007. The Feeling is Much More is yet to come especially after Wednesdays announcement of NO BAILOUT for GM & Ford.
The Selling was so Intense on the NYSE that there were 2943 DECLINERS while only 158 companies traded positively. At the Closing Bell the Damage was DJIA Down 427 points to Free Fall Below the 8000 Barrier Finishing at 7997.28 on the Day.
Banks and Financials are still struggling. CITIGROUP is Laying Off more than 52,000 and the stock [C] has fallen sharply to a formerly unthinkable $6.48 a share. No Companys share price is Safe in this Financial Holocaust. How the Mighty Have Fallen.
Filed under Abundance Wealth, American Economy, Federal Reserve, Finance, Financial Crisis, GM Ford chrysler, Gold Dollar, IMF World Bank, Investing, Jim Rogers, Money, News by Photos vBlog, Rich Man Poor Man, Rothschild, Stocks StockMarket, Survival of the Fittest, Uncategorized, Wake Up People, Wall Street DowJones
On Wall Street and in Washington, there is increasing expectation that U.S. taxpayers will either take the bad assets off the hands of financial institutions so they can raise capital, or put taxpayer capital into the companies, as the Treasury has agreed to do with mortgage giants Fannie Mae and Freddie Mac. As always the Middle Class Taxpayers are the ones who Lose. The Rich Do Get Richer and the Poor Do Get Poorer.
When you have a big loss in the marketplace, there are only three people that can take the loss  the bondholders,  the shareholders and  the government TAXPAYERS
The latest financial crisis is an area called CDS, credit default swaps, which are private contracts that let firms trade bets on whether a borrower is going to default. When a default occurs, one party pays off the other. The value of the swaps rise and fall according to the risk that a company won’t be able to honor its obligations. Firms use these instruments both as insurance to hedge their exposures to risk and to wager on the health of other companies. There are now credit default swaps on more than $62 trillion in debt, up from about $144 billion a decade ago.
One of the big new players in the swaps game was AIG, the world’s largest insurer and a major seller of credit-default swaps to financial institutions and companies. When the credit markets were booming, many firms bought these instruments from AIG, believing the insurance giant’s strong credit ratings and large balance sheet could provide a shield against bond and loan defaults. AIG believed the risk of default was low on many securities it insured.
The Biggest Bailout in History. $10,000 for every Man Woman & Child on Planet Earth. Thanks Federal Reserve, a private bank chartered by the U.S. government and UN-Constitutional. Do Your Own Research.
Filed under American Economy, Big Business, Dead, Federal Reserve, Finance, Loser, Ron Paul Revolution, Self Help, US Politics, Wake Up People, Wall Street DowJones, World Events