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Category Archive for 'Numbers'

IMF Proposes New World Currency

Head of IMF Proposes New Reserve Currency
IMF’s Strauss-Kahn suggests IMF may one day provide global reserve asset
By HARRY DUNPHY Associated Press Writer
Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to [...]

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The Global Economic Crisis

Debt Dynamite Dominoes: The Coming Financial Catastrophe
Assessing the Illusion of Recovery
by Andrew Gavin Marshall

The people have been lulled into a false sense of safety under the rouse of a perceived “economic recovery.” Unfortunately, what the majority of people think does not make it so, especially when the people making the key decisions think and act [...]

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Note: See the National debt clock here:  http://www.usdebtclock.org
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A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are demanding a solution. What they don’t realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the [...]

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White House Profligacy Continues

[ Despite the laws of logic and all common sense, this profligate administration believes that spending (and printing) more money is the way to overcome indebtedness and the tyranny of an astronomical national deficit.  Madness. ]
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WASHINGTON (Reuters) – The White House will predict a record budget deficit in the current fiscal year and more big [...]

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By Derry Brownfield
For the past several years I have been referred to as a pessimist, a doom-and-gloomer, even unkind and trying to scare people. There are a few individuals in this nation who have read the warning signs and are better informed spokespersons than the general public, but many citizens are beginning to take notice [...]

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Rep. Stephen F. Lynch (D-MA) to Geithner (who laundered money to financial behemoth Goldman Sachs): “It makes me doubt your commitment to the American people.”
See Article

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Trust the Bankers?

Is The U.S. Economy Being Tanked By Mistake or By Intent?
by Bill Sardi
The government wants Americans to believe the greatest economic collapse in history was the result of ineptness and mistakes yet still have confidence in their financial institutions.
Should American bankers be let off the hook because they self-declare, before an investigational panel, that the [...]

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Davidson: Obama White House Is Lying to You
By: Julie Crawshaw
Author, investor and longtime Wall Street observer James Dale Davidson says our government is lying to us: There is no genuine economic recovery happening.
“I think what we have seen … is a simulated recovery which has been generated by the government faking it in a [...]

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Wall Street giants pay staff $100bn
by Iain Dey
Four of Wall Street’s biggest banks will this week reveal plans to pay their staff a total of close to $100 billion (£62 billion), reigniting the row over bankers’ bonuses.
Goldman Sachs, Morgan Stanley, Citigroup and Bank of America Merrill Lynch are all expected to announce bumper pay awards [...]

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