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Saturday, May 15, 2010

Finance 202: How We Became Debt Slaves (And Learned to Love It)

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Finance 101: Blame the Poor (While Taking Their Money)



By Gordon Arnaut



Did you know that the poor (and mostly black) people

in the US caused the global financial crisis that threw

the world economy into its worst slump since the Great

Depression of the 1930’s Continue



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Finance 202: How We Became Debt Slaves



(And Learned to Love It)



By Gordon Arnaut



Right now, the US Congress is holding hearings about

bank wrongdoing. It is very entertaining kabuki theatre,

but nothing will change. The Goldman chief (thief?) and

his cohorts may take a bit of a grilling, but behind the

scenes his bagmen are funnelling millions of dollars into

the campaign trunks of every representative, senator

(or likely hopeful) in the land. Continue



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Right Wing Talking Points Jesus for the Supreme Court?



By Brian J. Foley



Socialist Puppet? Christ fed multitudes with bread and

fish, for free (Mark 6:30-44). This giveaway reveals likely

support for welfare programs. And where did this low

wage earner obtain all this food? From powerful friends

to whom he may be beholden if confirmed as a Justice?

Continue



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"Thumbs Down" on the EU Bailout



By Mike Whitney



Greece should walk away from this farce and

start fresh. Continue



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Capitalism Without Capital



By Mike Whitney



This is a point that bears repeating: "...nearly $14 trillion

worth of complex-securitized products were created" on

top of just "$1.4 trillion" of subprime loans." No doubt, the

investment bankers and hedge fund managers who inflated

these monster balloons, knew that they were doomed from

the get-go, but then, they must have also known that

"I.B.G.-Y.B.G.", which in Wall Street parlance means, "I'll

Be Gone and You'll Be Gone." Continue



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Confiscating Your Property

By John Stossel

This reverses a centuries-old safeguard in

Anglo-American law against arbitrary

government power. Continue


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Will the PIGS Blow Up Europe?

By Pat Buchanan

The EU just took a great leap forward to force

Europe's most indebted nations to surrender

their economic independence or be expelled

from the European Monetary Union. The

PIGS — Portugal, Ireland, Italy, Greece and

Spain — may rebel. Continue

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Great Depression 2.0. Bet on it.

By Mike Whitney

If the government cuts spending at the same

time as consumers, then overall spending

declines and the economy slips into recession.

This is what the deficit hawks want--a return

to recession. This is politics, not economics. Continue

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A CONVENIENT (I HOPE) TABLE OF CONTENTS OF

F. SCOTT SINCLAIR'S NOVELS

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View: Novelist F. Scott Sinclair on Twitter at:

http://twitter.com/novelistfscott

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Late Night Political Jokes - Late Night Jokes Updated Daily

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