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THE ECONOMY & YOU # (Daily Updated Videos & Articles)

 
RoXY (OP)

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11/27/2011 06:12 AM
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Good one!

And thanx for the intelligent replies!
ralfy

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11/27/2011 06:21 AM
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The main cause is increased borrowing and spending not just by government but also by corporations and households. The solution, then, is not just to educate oneself and to prepare but to cut down heavily on borrowing and spending. Unfortunately, this will be difficult if 70 pct of the U.S. workforce is in the service industry, 70 pct of U.S. economic activity is based on consumer spending, and most citizens want to maintain their middle class lifestyle. The same goes for the government which wants to maintain global domination through the military to continue propping up the dollar, and corporations that want more profits through financial speculation.
RoXY (OP)

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11/27/2011 06:33 AM
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Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
The Ultimate Collection Of Black Friday Fight Videos

Read more: [link to articles.businessinsider.com]

humanitech
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11/27/2011 06:44 AM
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Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.



 Quoting: RoXY


Sadly without proper transparency and regulation..capitalism is just one large corrupt ponzy scheme that favours those at the top...who can manipulate, take full advatange and always weather the artificial recessions, regional disparities, wars and market conditions they control.

It's a tired old elite hierarchal game that always leads to the same negatives ...that the masses end up suffering and footing the bill...often loosing their lives and livelihoods to boot, especially when the depressions and wars come..and they will soon be here.

But as each regional country clings to the dogmas and false beliefs of their respective elites...nobody realises that the elites interests and agendas have always been global and not regional...so they have homes and hidy holes everywhere in case the public or those they don't control catch up with their criminal cartels and wake up to the truth, of their collective corruption and duplicity (often with the artificial enemies they create LOL). ...not that it changes much..as dumb arsed humans really think they are free to choose,,and therefore love their artificial leaders hierarchies, traditions and polarised ideologies.

Ironnically more than each others real happiness, security and equality..go figure just how sad and deluded that really is LOL.
WOMAN WHO RUNS W/ WOLVES

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11/27/2011 06:47 AM
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Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
HYPERINFLATION IS INEVITABLE!
 Quoting: Anonymous Coward 1154162


Which is OK, if you are broke ANYWAY.

The people that will be utterly destroyed, and suicidal, are the average multi-millionaires.
 Quoting: Anonymous Coward 1473235

No the average people will have problems affording food. But let's look to Argentina as they have gone through this several times as well as other S. American countries as example. Yes there will be hard times, but the point is TPTB have lost control of our financial system and it is going to crash. This is a time for rebirth and to try and make things equitable for everyone. "We the people" are resourceful and intelligent. We just have to apply our skills in a compassionate way and we will overcome and be better off for it.
The process has begun
RoXY (OP)

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11/27/2011 06:54 AM
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No the average people will have problems affording food. But let's look to Argentina as they have gone through this several times as well as other S. American countries as example. Yes there will be hard times, but the point is TPTB have lost control of our financial system and it is going to crash. This is a time for rebirth and to try and make things equitable for everyone. "We the people" are resourceful and intelligent. We just have to apply our skills in a compassionate way and we will overcome and be better off for it.
 Quoting: WOMAN WHO RUNS W/ WOLVES

I'm afraid TPTB are fully in control of our financial system...

Goldman Sachs - The European Inside Job



Goldman Sachs - The European Inside Job



(And the articles at Page 3)

US Budget Panel Fails to Reach Deficit-Cutting Agreement
by Patrick Martin
21-11-2011

The Roads To War And Economic Collapse
by Dr. Paul Craig Roberts
24-11-2011

Thomas Rustici talks to Alasdair Macleod about the Fed and Gold
(Video)


Bankers have seized Europe: Goldman Sachs Has Taken Over

by Paul Craig Roberts
26-11-2011

Bilderberg Leader Mario Monti Takes Over Italy in 'Coup'
by Alex Newman
RoXY (OP)

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The Mega Banks: Goldman Sachs, JPMorgan Chase, et. al. Control Europe's Political Landscape
by Bob Chapman
November 27, 2011

In Europe each time a new player is presented we find he is a Goldman Sachs’ alumnus. Recent entries are Mario Monti “appointed” PM of Italy, Lucas Papademas “appointed” PM of Greece and Mario Dragahi “appointed” President of the European Central Bank. The banks blatantly control governments and agencies presenting us with an oligarchy, which controls most of the nations on the planet. In America politicians are bought and paid for. In Europe there is a different mind set, a shared worldview of bureaucrats, technocrats, politicians and the elite bankers of world government and domination. What has happened in this process is that Goldman Sachs, JPMorgan Chase and other mega-banking has retained power for decades. They control all the players in the field, so the outcome is always in their favor. The bankers and others in turn are paid via billions of dollars in bonuses. Banks are now bank holding companies having become that to avoid failure as brokerage firms. That is the case in the US, UK and Europe.

One of our subscribers in Brussels sent us a copy of “A European Mechanism for Financial Stability.” The present danger is seen in sovereigns heavily in debt and the heard effect of hedge funds. They say they won’t allow speculators to govern their societies. If they are serious why don’t they ban them from their markets? A universal ban would be even better and they could throw in derivatives for good measure.

Europe still does not have a longer-term structural solution to their debt crisis and none is in the offering. Germany cannot sell its total tranche of bonds and Mrs. Merkel says that if Germany can only sell 65% of its bonds how can Eurobonds or bonds of the six insolvent nations sell theirs? The debt crisis is burrowing even deeper like a large worm undermining the entire continent. Worse yet, we just found out that the Bundesbank usually holds back bonds for market making operations, thus, they only sold about half of the issue. If the crisis continues to deepen Germany and the other euro zone nations will have to reexamine where they are headed. As we know all currencies and debt rates are increasing, which ties the banks of all the participants, including the solvent ones. Even with the German bunds, who is going to want to hold debt in a country that will have to guarantee one-half or more of the debt of other countries? At the same time the call goes out for strict supervision and enforcement of budget discipline. We have lived in these countries and that is not possible for any sustained period of time.

CONTINUE AT: [link to globalresearch.ca]
thetrickybigguy
say hello to my little friend...

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11/27/2011 07:17 AM

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Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
An "Entitlement???"

What am I missing here?
Remember, not only did you contribute to Social Security but your employer did too. It totaled 15% of your income before taxes. If you averaged only 30K over your working life, that's close to $220,500. If you calculate the future value of $4,500 per year (yours & your employer's contribution) at a simple 5% (less than what the govt. pays on the money that it borrows), after 49 years of working, you'd have $892,919.98. If you took out only 3% per year, you receive $26,787.60 per year and it would last better than 30 years, and that's with no interest paid on that final amount on deposit! If you bought an annuity and it paid 4% per year, you'd have a lifetime income of $2,976.40 per month. The folks in Washington have pulled off a bigger Ponzi scheme than Bernie Madoff ever had.

Entitlement my !!!!, I paid cash for my social security insurance!!!! Just because they borrowed the money, doesn't make my benefits some kind of charity or handout!! Congressional benefits, also known as free health care, outrageous retirement packages, 67 paid holidays, three weeks paid vacation, unlimited paid sick days, now that's welfare - out of my pockets!


and they have the nerve to call my retirement entitlements !.....scroll down..............

Emergency Rooms for their general health care -At just one hospital the cost to tax payers totaled over 25 million a year!!!

Someone please tell me what is wrong with all the people that run this country!!

We're "broke" & can't help our own Seniors, Veterans, Orphans, Homeless etc.,??

In the last months we have provided aid to Haiti , Chile , and Turkey . And now Pakistan home of bin Laden. Literally, BILLIONS of DOLLARS!!!

Our retired seniors living on a 'fixed income' receive no aid nor do they get any breaks while our government and religious organizations pour Hundreds of Billions of $$$$$$'s and Tons of Food to Foreign Countries!

They call Social Security and Medicare an entitlement even though most of us have been paying for it all our working lives and now when its time for us to collect, the government is running out of money. Why did the government borrow from it in the first place?

We have hundreds of adoptable children who are shoved aside to make room for the adoption of foreign orphans.

AMERICA: a country where we have homeless without shelter, children going to bed hungry, elderly going without 'needed' meds, and mentally ill without treatment -etc,etc.

YET......................
They have a 'Benefit' for the people of Haiti on 12 TV stations, ships and planes lining up with food, water, tents clothes, bedding, doctors and medical supplies.

Imagine if the *GOVERNMENT* gave 'US' the same support they give to other countries.

SAD?

YEAH, OK, SO WHEN DO WE GET ANGRY ENOUGH to DO SOMETHING ABOUT IT?????

99% of people won't have the guts to copy and forward this
 Quoting: Anonymous Coward 1488453


clappa
Falling down is a part of life, getting back up is living. ~

Life is about choices, you get to make them each and every day of your life. ~

Capitalization is the difference between helping your Uncle Jack off a horse and helping your uncle jack off a horse.~

Only in America... do we use the word 'politics' to describe the process so well: 'Poli' in Latin meaning 'many' and 'tics' meaning 'bloodsucking creatures'.~

“When a government is dependent for money upon the bankers, they and not the government leaders control the nation. This is because the hand that gives is above the hand that takes. Financiers are without patriotism and without decency.”
RoXY (OP)

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11/27/2011 07:23 AM
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Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Related thread: ### URGENT!!! ### Economic Collapse - Top 5 Places Where Not To Be ### (VIDEO)
Thread: ### URGENT!!! ### Economic Collapse - Top 5 Places Where Not To Be ### (VIDEO)

RoXY (OP)

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11/27/2011 11:22 AM
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US Social Crisis: 25 Million Unemployed and Underemployed
Making No Effective Protest, Economist Says

by Sherwood Ross
27-11-2011

Although America’s 25 million unemployed and underemployed could be a powerful force for social change, they aren’t combining in any effective way to protest, an eminent business authority writes.

“Activism has given way to acquiescence,” writes Louis Uchitelle, even though “unemployment is once again stubbornly high in the aftermath of a recession that has left the economy persistently weak.”

Worse for the jobless, unemployment is no longer seen as “a failure of the nation’s employers to generate enough demand for workers. That was and still is the reason, but it failed as an explanation and as a prod to action,” Uchitelle writes. Instead, “the unemployed are persistently blamed for their own unemployment, which eases pressure on government to help them.”

Uchitelle, who covers economics for The New York Times, writes that the commonly held belief about unsuccessful job-seekers today is “if only they acquired enough education and skill” they would be hired.

CONTINUE AT: [link to globalresearch.ca]
Anonymous Coward
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11/27/2011 01:41 PM
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Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.



 Quoting: RoXY


This is at it's core being caused by decreasing energy supplies year to year. Investments cannot get the proper return without ever increasing energy input. I mean real energy as in oil, coal, natural gas, but mainly oil. Oil to markets is decreasing by 1% to 2% per year. This is devastating.

The only true "technical" way out of this world bankruptcy is to find an energy source that can be coupled with oil to keep overall energy increasing by 2% to 3% per year.

If "free energy" is discovered, this will destroy the current system. "Free energy" means that currency eventually will be obsolete, and this is why energy sources from this type of technology will be blocked with great fervor. TPTB will have no power after two decades of "free energy". Even an energy source at tremendously high efficiency would be detrimental to the money/scarcity model we currently are using on a global scale.

Either someone puts out an open source do-it-yourself ultra-high efficiency energy system that can give enough power to run a home or factory with no attempt to profit from it, or we are all screwed in the fact that we will have to live through the ultimate hell of world financial collapse with no means to take care of ourselves unless we are already in a rural area.
RoXY (OP)

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11/27/2011 05:31 PM
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Quants: The Alchemists of Wall Street

Quants are the math wizards and computer programmers in the engine room of our global financial system who designed the financial products that almost crashed Wall st. The credit crunch has shown how the global financial system has become increasingly dependent on mathematical models trying to quantify human (economic) behaviour. Now the quants are at the heart of yet another technological revolution in finance: trading at the speed of light.

What are the risks of treating the economy and its markets as a complex machine? Will we be able to keep control of this model-based financial system, or have we created a monster?

A story about greed, fear and randomness from the insides of Wall Street.

Director: Marije Meerman
Research: Gerko Wessel

Source: [link to www.youtube.com]


RoXY (OP)

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$707,568,901,000,000: How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In 6 Months
By Tyler Durden
11/26/2011

While everyone was focused on the impending European collapse, the latest soon to be refuted rumors of a quick fix from the Welt am Sonntag notwithstanding, the Bank of International Settlements reported a number that quietly slipped through the cracks of the broader media. Which is paradoxical because it is the biggest ever reported in the financial world: the number in question is $707,568,901,000,000 and represents the latest total amount of all notional Over The Counter (read unregulated) outstanding derivatives reported by the world's financial institutions to the BIS for its semi-annual OTC derivatives report titled "OTC derivatives market activity in the first half of 2011." Indicatively, global GDP is about $63 trillion if one can trust any numbers released by modern governments. Said otherwise, for the six month period ended June 30, 2011, the total number of outstanding derivatives surged past the previous all time high of $673 trillion from June 2008, and is now firmly in 7-handle territory: the synthetic credit bubble has now been blown to a new all time high. Another way of looking at the data is that one of the key contributors to global growth and prosperity in the past 10 years was an increase in total derivatives from just under $100 trillion to $708 trillion in exactly one decade. And soon we have to pay the mean reversion price.

CONTINUE AT: [link to www.zerohedge.com]
RoXY (OP)

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11/28/2011 07:26 PM
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Secret Fed Loans Helped Banks Net $13B
By Bob Ivry, Bradley Keoun and Phil Kuntz
Nov 28, 2011 1

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.

CONTINUE AT: [link to www.bloomberg.com]
RoXY (OP)

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11/29/2011 12:34 AM
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Why Banks Deserve Preferential Treatment While Millions of Homeowners Are Denied Assistance And Are At Risk of Foreclosure?
By: Washington's Blog
2011-11-28

“Many Americans Are Struggling To Understand Why Banks Deserve Such Preferential Treatment While Millions of Homeowners Are Being Denied Assistance And Are At Increasing Risk Of Foreclosure”
The Fed Threw $7 Trillion at the Big Banks, Without Telling Congress or Shareholders

The Hill notes:

A top House Democrat is calling for a hearing with Federal Reserve Chairman Ben Bernanke following a report that the central bank secretly committed more than $7 trillion to save banks during the financial crisis.

House Oversight and Government Reform Committee ranking member Elijah Cummings (Md.) sent a letter on Monday to panel Chairman Darrell Issa (R-Calif.) requesting the committee look into how banks “benefitted from trillions of dollars in previously undisclosed government loans provided at below-market rates.”

“Many Americans are struggling to understand why banks deserve such preferential treatment while millions of homeowners are being denied assistance and are at increasing risk of foreclosure,” Cummings said.

CONTINUE AT: [link to globalresearch.ca]

RoXY (OP)

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11/29/2011 04:56 PM
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The Next Banking Crisis
by Hugo Radice
29-11-2011

In the ongoing Euro-crisis, our political leaders are constantly criticized for ‘playing catch-up’ and not being ‘ahead of the curve’ (although others might feel that they are completely round the bend). Perhaps, therefore, it is time to look up from the turmoil in the sovereign bond markets and the counsels of the European Union, dust off the crystal ball, and look forward to the next banking crisis. For it is becoming increasingly clear that banks across Europe face a much more serious problem than a 50 percent haircut on their holdings of Greek government bonds; and that problem goes to the heart of what is wrong with the current culture and practices of the financial sector.

A bank draws its income from three main sources: shareholders, depositors and lenders. The shareholders provide the risk capital, as in any capitalist business. Depositors seeking a safe and convenient place to store their money traditionally provide the bulk of the funds which the bank then lends to its clients, while holding a modest proportion in reserve to meet any possible withdrawals by depositors. And lenders provide additional funds by buying marketable securities issued by the bank in the form of bonds.

CONTINUE AT: [link to globalresearch.ca]
RoXY (OP)

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11/29/2011 05:04 PM
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Military Spending: Is Congress About to Put You Out of Work?
by grtv
29-11-2011

With the failure of the deficit committee, Congress must act to cut the bloated, corruption-filled war budget. War Costs' latest video shows that military spending actually costs jobs compared to other ways of spending the same money. Yet, incredibly, many elected officials are publicly contemplating shielding the military from cuts while slashing other programs far better at job creation. This is absolutely unacceptable.

SOURCE: [link to tv.globalresearch.ca]



RoXY (OP)

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12/01/2011 12:26 PM
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Shopping frenzy 2011 - Black Friday Crowd Goes Crazy at Walmart



BUY OR DIE

shark

Last Edited by RoXY on 12/01/2011 12:27 PM
RoXY (OP)

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The Euro Zone System in Crisis - Will it Backlash on Wall Street?
by Bob Chapman
01-12-2011

Except for the MF Global scandal Europe still stands at the forefront of world debt problems. Up until now little has been accomplished toward solving these problems and the traditional Christmas season is upon us, which stretches from December 7th, to January 10th, a period in which very little will be accomplished.

It is reminiscent of last summer. The only thing that the elitists have accomplished is the placement of Bilderbergs as the head of the ECB and the appointments of two more as PM’s in Italy and Greece.

Over the last ten years we saw all debt grow, but in particular among the southern members of the euro zone. The imbalance was predictable, but the northern countries just ignored the problem. Those in the north blamed the difference on culture and work ethics. Thrown into the mix was government and banking profligacy and growing lack of competitiveness. All of that was true, but it did not alter the fact that great imbalances existed and still exist and that certainly contributed to the underlying non-competitiveness.

Financial mismanagement certainly had a profound effect in the six countries in serious trouble and you can also include France in the group. The problems were also compounded by the wild growth of indebtedness lorded over the banking community. The latter just loved one interest for all. The banks were particularly the blame in Ireland and Spain where unnecessary building went absolutely berserk. Through this period, Germany and the Netherlands, in particular, couldn’t lend money fast enough to those who shouldn’t have been borrowing it. This, as we reflect back, it was malinvestment, a misallocation of capital instituted by the banking community, which was leveraged about 70 to 1. We continue to ask what could they have been thinking of? The performance of the banks was at the very core and heart of what we see today.

CONTINUE AT: [link to globalresearch.ca]
RoXY (OP)

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12/01/2011 08:35 PM
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UPDATE: Six news articles & 3 videos added - starting with 'Quants: The Alchemists of Wall Street'.
roadrunnerray

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12/01/2011 09:08 PM

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Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Roxy, great informative thread..............many thanks!!
Mr. Toppit

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12/01/2011 09:53 PM

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Yes many thanks. It really is all untenable, but lining up the ducks in a row is the
best way to eliminate them or possibly the way they will be eliminated.

ordo ad chao (order to chaos)
RoXY (OP)

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12/01/2011 09:58 PM
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Roxy, great informative thread..............many thanks!!
 Quoting: roadrunnerray


cheers
Anonymous Coward
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12/01/2011 10:27 PM
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Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Canada solved all it's economic problems by firing all it's government workers.
RoXY (OP)

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12/01/2011 10:35 PM
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Yes many thanks. It really is all untenable, but lining up the ducks in a row is the
best way to eliminate them or possibly the way they will be eliminated.

ordo ad chao (order to chaos)
 Quoting: Mr. Toppit

I'm a Virgo - ordo ad chao is my natural state of being...

Also I sometimes freelance as (research) editor for tv news & talk shows. Collecting stuff that's worthwhile to read or watch on topics like UFOs, GMO food, politics, economy etc. has become a bit of a habit.

I noticed - though I might be wrong - that there are not so many ongoing threads.

The karma points system has created the opportunity to regulary pin such threads. You notice right away whether you reach an audience or not, & if you do it's fun to keep the thread alive & updated.

And it's handy for me too, knowing where to look if I need to ...
Anonymous Coward
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12/01/2011 11:14 PM
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just want to say thankyou for making this thread
and i pinned it we need more threads like this economical compilation
RoXY (OP)

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12/02/2011 06:53 PM
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Have You Heard About The 16 Trillion Dollar Bailout The Federal Reserve Handed To The Too Big To Fail Banks?
Global Research, December 2, 2011

What you are about to read should absolutely astound you. During the last financial crisis, the Federal Reserve secretly conducted the biggest bailout in the history of the world, and the Fed fought in court for several years to keep it a secret. Do you remember the TARP bailout? The American people were absolutely outraged that the federal government spent 700 billion dollars bailing out the "too big to fail" banks. Well, that bailout was pocket change compared to what the Federal Reserve did. As you will see documented below, the Federal Reserve actually handed more than 16 trillion dollars in nearly interest-free money to the "too big to fail" banks between 2007 and 2010. So have you heard about this on the nightly news? Probably not. Lately Bloomberg has been reporting on some of this, but even they are not giving people the whole picture. The American people need to be told about this 16 trillion dollar bailout, because it is a perfect example of why the Federal Reserve needs to be shut down. The Federal Reserve has been actively picking "winners" and "losers" in the financial system, and it turns out that the "friends" of the Fed always get bailed out and always end up among the "winners". This is not how a free market system is supposed to work.

According to the limited GAO audit of the Federal Reserve that was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the grand total of all the secret bailouts conducted by the Federal Reserve during the last financial crisis comes to a whopping $16.1 trillion.

That is an astonishing amount of money.

Keep in mind that the GDP of the United States for the entire year of 2010 was only 14.58 trillion dollars.

The total U.S. national debt is only a bit above 15 trillion dollars right now.

So 16 trillion dollars is an almost inconceivable amount of money.

But some other dollar figures have been thrown around lately regarding these secret Federal Reserve bailouts. Let's take a look at them and see what they mean.

CONTINUE AT: [link to globalresearch.ca]
RoXY (OP)

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12/03/2011 12:29 AM
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Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
1981 Movie 'ROLLOVER' Predicts Current Financial Crisis
Amazing!!!


RoXY (OP)

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12/03/2011 12:55 AM
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JOHN CLEESE - Banks (How To Irritate People...)


RoXY (OP)

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Ron Paul Interview With CNBC On Today's (30-11-2011) World Wide Quantitative Easing



News








We're dropping truth bombs like it's the end of days!