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- In Dodd We Trust
- The Road to Hyperinflation
- Markets spooked as Greek rescue plan crumbles
- Stephen Roach Says It's Time To "Take Out The Baseball Bat On Paul Krugman"
- It Was A Wonderful Life
Economy
In Dodd We Trust (Brian C.)
Chris Dodd introduces financial reform legislation, and Jon pretends he has the same rights as a corporation.
The Road to Hyperinflation (pinecarr)
Inflationism is a slippery road – the road to hyperinflation. The inflationist Bernanke Fed behaves as if they would not be “dialling back” from Quantitative Easing any time soon. They talk the talk, but can’t walk the walk. The inflationary genie is out of the bottle. Taming it back will result in a crushing deflationary collapse. The Fed will never let this happen again. They did it once during the Great Depression, they won’t do it again.
Markets Spooked As Greek Rescue Plan Crumbles (pinecarr)
Europe’s rescue plan for Greece appears to be crumbling after the country threatened to call in the International Monetary Fund unless Brussels comes up with real money on acceptable terms within a week.
Stephen Roach Says It's Time To "Take Out The Baseball Bat On Paul Krugman" (Davos)
"We should take out the baseball bat on Paul Krugman -- I mean I think that [his] advice [to push China to revalue the Renminbi] is completely wrong.” Well, somebody had to finally say it.
It Was A Wonderful Life (Jim Q.)
The loss of the American Dream can be traced to 1913. The creation of the Federal Reserve by powerful banking interests and corrupt politicians marked the beginning of the end for the U.S. dollar. The implementation of a personal income tax opened Pandora’s Box and unleashed incalculable horrors upon the American public. The top marginal tax rate in 1913 was 7%. It reached 94% by 1944.
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I absolutely love the idea that the Fed is being held accountable to release this information. But I've become so jaded that I find it very hard to believe that they will ever be forced to do so.
I sure hope so, Davos!!
"Do what you can, with what you have, in the time you have, in the place you are." - Nikosi Johnson
I sure hope so, Davos!!
Wait a minute... doesn't this mean the banks and the governemnt are going to try to destroy the FOIA? To prevent the judiciary power from forcing the Fed and what not from giving up their secrets? It sure will be fun to see how they dance with all this now..
Samuel
Hey Samuel-
Yeah, I may have misinterpretted what Davos meant. Based on my experience, I thought "salut" meant "cheers" (you can see where MY contextual knowledge for interpretting "salut" is coming from!:) Turns out the way I interpretted it is spelled "salute", with an "e" at the end. "Salut" (wothout the "e") means "good-bye". So where I thought Davos was saying good-bye (to the Fed?) [...ok, so wishful thinking on my part!] and "cheers to the FOIA for making it happen"!, he may just have meant "good-bye FOIA"!
But either way, it will be interesting to watch this unfold. I just would sooooo love it to actually make them expose their dirty laundry to the public, and the light of day!! A girl's gotta have hope!
"Do what you can, with what you have, in the time you have, in the place you are." - Nikosi Johnson
Samuel
I really have no great expectation that 535 (Ron Paul and a hand full of others excluded for trying) people who:
will be allowed by their lobbyist to permit the big banks to disclose who is insolvent and who isn't. The court basically said hand the papers over - or get Congress to change the FOIA. Which do you think will happen?
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And here, by the way, is the supporting documentation for my above post.
Second Circuit Tells Fed If It Wants To Maintain Its Secrecy It Better Get Congress To Change America's Laws
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If the Board believes such an exemption would better serve the national interest, it should ask Congress to amend the statute.
LOL :) Thanks Davos!
Samuel
If the Board believes such an exemption would better serve the national interest, it should ask Congress to amend the statute.
LOL :) Thanks Davos!
Samuel
Account deactivated per user's request.
The court basically said hand the papers over - or get Congress to change the FOIA. Which do you think will happen?
Sigh!! Yeah, I knew better...
"Do what you can, with what you have, in the time you have, in the place you are." - Nikosi Johnson
The court basically said hand the papers over - or get Congress to change the FOIA. Which do you think will happen?
Sigh!! Yeah, I knew better...
Account deactivated per user's request.