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Libya: Assuming the rebels take Tripoli, what comes next? Let’s not forget Dubya’s “mission accomplished” statement on the aircraft carrier when in fact, not much had been accomplished at all. Financial crisis: BofA is in dire shape as are some countries. Bailing out the big banks has made things worse, not better. Hurricane Irene: She [...] Zero Hedge Lets be brutally frank shall we. From the day he first set foot in the Department of Treasury, this useless piece of garbage called Timothy Geithner has been good for one thing and one thing only: To protect and serve his Wall Street masters. As the President of the NY Fed he [...] Mish Here is a succinct summation of the current state of Euro-Zone affairs. 1. Greece will default, but at this point it is irrelevant. 2. The situation in Spain, Ireland, Portugal, and Italy is now so dire that it is does not matter whether or not Greece defaults. 3. Expect chaos Business Insider [...] Yes, the man who helped cause it all by creating and presiding over two bubbles and subsequent collapses now says – wait for this – the rich are now getting richer while everyone else gets screwed. Perhaps the old buzzard is feeling a twinge of conscience or realizes his historical name is mud unless he [...] Ten Bears comments in California failin’ is becoming a reality. Physics is everything, everything is physics. Wheels coming off implies momentum. Momentum implies a degree of anticipation of where the wheels will go. Is it not far better to view not accounts in dusty old tomes but to live each turning page as times [...] Two leading IMF officials, the former Vice President of the Dallas Federal Reserve, and the the head of the Federal Reserve Bank of Kansas City have all said that the United States is controlled by an oligarchy. The Too Big Too Fail banks have been extremely generous contributors to virtually all members of Congress [...] Dylan Ratigan’s ‘The Cost of Corporate Communism‘ has appeared all over the net recently. He hosts MSNBC’s ‘Morning Meeting’ and uses ‘corporate communism’ to ‘describe the ruling-elite corporate/financial EMPIRE that has taken over our country’ as an OPEdNews diary puts it. The massive spike in unemployment, the utter destruction of retirement wealth, the [...] The trend continues, the most biting, on-target criticisms of our kleptocracy continue to come out of the financial world, as the far left snoozes. Credit Writedown details the four ways that elites steal from the public and create kleptocracies and concludes that is precisely what is happening in the US. The ruling class have used [...] The far left has often dreamed about a financial crisis that would lay bare the rapaciousness of capitalism. Well, it’s here, but the far left has been conspicuous by its absence. Instead, the really hardball analysis is being done by financial world insiders and a journalist who publishes in a music magazine. They are [...] Immediately after the presentation, the G7 ministers issued a statement continuing to insist that their economies were strong and made no mention of the warnings. Check out the G7 Communique of the time – you won’t find a clearer example of the complacency of world politicians and regulators. “We were completely and officially ignored,” said [...] |  | ||||
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