MULTI-ORGAN FAILURE
I remember working in the Emergency Room of a medium size hospital in South Florida just a few years ago. I recall the case of an elderly woman who arrived short of breath. The lady had smoked all her...
View ArticleDEBT AND MORE DEBT
BY Caroline Salas and Thomas Keene, Bloomberg, Oct 8, 2010 “We’re involved in a dangerous game,” Greenspan said yesterday at a foreign-exchange conference in New York sponsored by Bloomberg LP, the...
View ArticleTHE FED HAS LOST IT!
Fed Will Buy $600 Billion in Debt, Hoping to Spur Growth By DAVID E. SANGER and SEWELL CHAN, published November 3, 2010 WASHINGTON – The Federal Reserve, getting ahead of the battles that will dominate...
View ArticleBANKING WITH THE CRETINS OF EUROPE
Europe’s Crisis of Liquidity By HUGO DIXON, from the NEW YORK TIMES Instead of long-term insolvency, running out of cash is what causes financial crises like the one slowly unfolding in Europe. Yet...
View ArticleFRAUD (?) AND THE FED
Fed’s Biggest Foreign-Bank Bailout Saved U.S. Muni Bonds By Bob Ivry, from Bloomberg Apr 6, 2011- A European bank that received the most Federal Reserve discount window help during the financial crisis...
View ArticleDO YOU WANT TO KNOW YOUR CREDIT SCORE? WHY?
I see and hear it everywhere. On the Internet. On T.V. On the radio. In the newspapers. “Learn your Credit Score! Free!” FIRST RULE OF THE ENTIRE UNIVERSE: Nothing is “free”! Everything requires energy...
View ArticleDEBT IS DESTROYING SOCIETY
Everywhere we look today around the modern world, we see the same problem in a myriad of forms: DEBT. Debt is like tuberculosis in the 19th Century, it has infected every one, from individuals to...
View ArticleLENDING MONEY TO A STACK OF UNBALANCED CARDS
EUROPEANS MUST BORROW TO LIVE By David Oakley, from the Financial Times of London Markets and governments face an uphill struggle to fund themselves next year amid extreme uncertainty over the eurozone...
View ArticleCHINA GRABS BRAZILIAN OIL FIELDS
Original article by Kelly Hearn, from The Washington Times BUENOS AIRES — Off the coast of Rio de Janeiro — below a mile of water and two miles of shifting rock, sand and salt — is an ultradeep sea of...
View ArticlePONZI SCHEMES OF GOVERNMENTS
Euro Defaults Loom as National Ponzi Schemes ‘Run Out of Suckers’: Books By James Pressley, from Bloomberg Countries don’t go bankrupt, said Walter Wriston, the legendary boss of what is now Citigroup...
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