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    FDR Economist Says Obama Should

    I don't understand how people keep comparing the 1930 crash which was a crash of the money supply to due a gold standard to the current crisis, which is an asset collapse because debt levels are unsustainable. We do not have a gold standard, we have a debt standard. This crisis has nothing...
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    Night of the Living Death Tax

    http://www.360financialliteracy.org/Life+Stages/Retirement/FAQs/Estate+and+gift+tax/How+can+I+minimize+taxes+on+my+estate.htm How can I minimize taxes on my estate? One way is to make lifetime gifts. Be aware, however, that certain lifetime gifts may trigger gift tax (Note: Though estate...
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    3/30/09 - Life Insurance Companies getting HAMMERED

    I was hoping to hang on to AFL. Any thoughts as too why.
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    President is going to kill free market

    Damage done is untenable. Bush Failed miserably, in unleashing Paulson in the final months and pushing for such a strong executive office over the preceding years. We are all going to get what we deserve. All of us who were citizens had an opportunity to stop this. Al Qaieda in the end...
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    Farmers Want Obama to Make Carbon a Cash Crop Under Climate Law

    this is fucking nuts a whole economy built on nothing, simply created by some arbritary government regulations based on psuedo-science. And now this guy wants his cut Future generations will look at this global warming hysteria like we view the Salem witch trials A time when lunacy ruled
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    U.S. Seeks Expanded Power to Seize Firms

    Free markets in the US went from life support to officially dead if this passes No fortune 500 company will ever fail as long as they keep their lobbying up The power for abuse and corruption will be enourmous. These powers will never be recinded and will make the executive branch...
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    Let´s see how ABX "subprime mortgage" indices are reacting...

    Hey its not about fixing subprime. Its about making sure, the coke still flows, the hookers still blow, and the jets still roll on broad and wall. We just cut another trillion to Don's what thats not good enough for you?
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    Price Deflation vs Asset Deflation

    Good Site which offers a different perspective with good analysis Price Deflation/ Inflation and Asset Deflation/Inflation and how you can have an economy where Asset prices are deflating while consumer prices inflate. A very destructive combo. Many think if we get inflation our...
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    Congress TRASHES the Constitution and Economic Recovery

    Spread the word. This is not a financial crisis. That ended back on November 20th. This is a crisis of government. The government is on a collision course with the laws of economics and a large segment of people who want to be left alone. This is not going to end well. If there...
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    Resistance grows to Obama's bigger government

    People are more outraged over the incomptenceof the government and criminality It's the MSM and political spinmeisters who are trying to funnel the anger at AIG I don't the the Pols realize how close we are getting to physical retrobution by the populace for crimes against the state and...
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    Most frightening statement from the FOMC - ever: Be sure to have lots of USD on hand

    Yes, I understand, but you should qualify your statement. Banks, charging interest on loans above actual reserves can be equated with fraud, because of fractional banking, they are charging interest on property that doesn't exist.
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    Most frightening statement from the FOMC - ever: Be sure to have lots of USD on hand

    Money is property. I have every right to loan/rent/give away my property under whatever terms i want. How the hell is interest contract fraud? Denninger is pretty good albeit on the bear side.
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    Most frightening statement from the FOMC - ever: Be sure to have lots of USD on hand

    Claiming we survived that day, is like living in Nagasaki on August 6 1945, and saying phew..it was only Hiroshima. We should surrender the system to the free markets and move on..The damage is done.
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    Whitney: Sobering..More PAIN, Credit Cards, Local Gov Bonds

    Pretty Sobering analysis. <object id="cnbcplayer" height="380" width="400" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0" > <param name="type" value="application/x-shockwave-flash"/>...
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    Fed buying treasuries question-----???

    Fed is running out of time. The other problem we have. Is the deficit we are running requires us to sell treasuries in order to finance the government. If we run a 1.5-2 trillion dollar deficit this year, were in the hell are we going to fund that gap? The 300 billion, is a downpayment...
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    Stop ragging on Ben

    Sorry, but I have never heard of tax policy as a mechanism for reducing inflation. That would be very ineffecient. It would have the opposite effect in many instances, raising cost of capital, cost or raw materials, and leading to higher unemployment. Thats tax inflation and it was a major...
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    The Next Boom

    ======= in the 1970's we ran about 8% inflation. ======= http://rareinvest.blogspot.com/2007/12/investing-in-1970s.html What can we learn from Investing in the 1970's? Will the same trends in the 1940's, 1950's and 1960's hold true in the 1970's? The table below shows the...
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    Fed is buying treasuries

    So Bernanke stated on sunday on 60 minutes, that he felt the recession would be over by Q4. Did know that the plan is now to continue printing and this is going to force the recovery. Or did Something else just happen in the last 3 days since that testimony that required this action...
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    Stop ragging on Ben

    How exactly do you take liquidity out of the system. It seems given our proclivity for bubbles and massive implosions we haven't figured out that one yet, without wrecking the economy, but hey 30th time the charm right
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    Fed buying treasuries.... question

    I think in the short term it won't hurt. Its classic Beggar Thy Neighbor. PRC is caught in the middle. On the one hand as was said, U.S. is going to take the long term treasuries of their hands. On the other hand, the dollar should weaken, which will hurt PRC exports. I say...
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