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April fools story

Submitted by Roanman on Tue, 04/05/2011 - 06:41

 

And the joke is on us.

Click the photo to link up with this Bloomberg story.

 

Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak
By Bradley Keoun and Craig Torres - Apr 1, 2011 1:53 PM ET

 

 

U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans protected a lender to local governments in Belgium, a Japanese fishing-cooperative financier and a company part-owned by the Central Bank of Libya.

 

Good news, more money is heading your way

Submitted by Roanman on Mon, 04/04/2011 - 06:36

 

The bad news of course is that the money you have ..... worth less.

 

 

Click the chart to link to a long, rambling but interesting David Galland piece with some history of Nuclear Power that I had never heard before.

 

Dow over Gold

Submitted by Roanman on Sun, 03/13/2011 - 12:15

 

Since we updated our Housing over Gold post yesterday, might as well update the Dow Jones Industrial Average over Gold today.

Both charts are from Fred's Intelligent Bear, click either chart to access Fred's excellent if slow moving site.

 

 

 

Then just because we watch this thing without fail, every single time we cruise through Fred's site, here's the legendary John West Red Salmon commercial.

 

 

Catching up on a Sunday Morning

Submitted by Roanman on Sun, 01/23/2011 - 07:24

 

Nobel Economics Laureate, Princeton University economic professor, and New York Times columnist, Paul Krugman defines the sides.

 

"One side of American politics considers the modern welfare state — a private-enterprise economy, but one in which society’s winners are taxed to pay for a social safety net — morally superior to the capitalism red in tooth and claw we had before the New Deal.

It’s only right, this side believes, for the affluent to help the less fortunate.

The other side believes that people have a right to keep what they earn, and that taxing them to support others, no matter how needy, amounts to theft.

That’s what lies behind the modern right’s fondness for violent rhetoric: many activists on the right really do see taxes and regulation as tyrannical impositions on their liberty.

There’s no middle ground between these views.”  Paul Krugman

 

Ooopsies!

Submitted by Roanman on Thu, 12/09/2010 - 09:47

 

From CNBC via Yahoo News.

Which by the way is pretty good for stuff that is likely to not get picked up by the more traditional services.

As always click anywhere below to link up the entire story.

 

Government can’t print money properly

By Zachary Roth

 

 

As a metaphor for our troubled economic and financial era -- and the government's stumbling response -- this one's hard to beat. You can't stimulate the economy via the money supply, after all, if you can't print the money correctly.

Because of a problem with the presses, the federal government has shut down production of its flashy new $100 bills, and has quarantined more than 1 billion of them -- more than 10 percent of all existing U.S. cash -- in a vault in Fort Worth, Texas, reports CNBC

"There is something drastically wrong here," one source told CNBC. "The frustration level is off the charts."

More than 1 billion unusable bills have been printed. Some of the bills creased during production, creating a blank space on the paper, one official told CNBC. Because correctly printed bills are mixed in with the flawed ones, even the ones printed to the correct design specs can't be used until they 're sorted.

 
 

Your government, a wholly owned subsidiary of George Soros, John Paulson, Goldman Sachs etc. etc. etc.

Submitted by Roanman on Wed, 10/20/2010 - 07:09

 

Thanks to Dougy F. for this one.

Here's one reason you can barely do a workout.

 

 

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