Money

[Dayuhan]

I'm going to plagiarize that often.

You're more than welcome to it!

[bourbon]

Wall Street's War: Congress looked serious about finance reform – until America's biggest banks unleashed an army of 2,000 paid lobbyists, by Matt Taibbi. Rolling Stone, June 10, 2010.

As it neared the finish line, the Restoring American Financial Stability Act was almost unprecedentedly broad in scope, in some ways surpassing even the health care bill in size and societal impact. It would rein in $600 trillion in derivatives, create a giant new federal agency to protect financial consumers, open up the books of the Federal Reserve for the first time in history and perhaps even break up the so-called "Too Big to Fail" giants on Wall Street. The recent history of the U.S. Congress suggests that it was almost a given that they would f@ck up this one real shot at slaying the dragon of corruption that has been slowly devouring not just our economy but our whole way of life over the past 20 years. Yet with just weeks left in the nearly year-long process at hammering out this huge new law, the bad guys were still on the run. Even the senators themselves seemed surprised at what as&holes they weren't being. This new baby of theirs, finance reform, was going to be that one rare kid who made it out of the filth and the crime of the hood for everybody to be proud of.

Then reality set in.

[slapout9]

Where is the Church on the issue of Usury? Link to article below.


http://canadafreepress.com/index.php/article/23067

[slapout9]

James Galbraith responds to Paul Krugman on how money really works in the USA.

http://krugman.blogs.nytimes.com/201...eficit-limits/

[slapout9]

Best explanation I have seen so far.


http://www.youtube.com/watch?v=PTUY1...e_gdata_player

[slapout9]

Two part video from Max Keiser and second part by former Congressman Alan Grayson on how the Fed manipulates markets.



http://www.youtube.com/watch?v=sANWk...layer_embedded

[davidbfpo]

A rather well argued article on the Anglo-US central banks strategy to prevent economic woes - print money.

A taster:

It’s a “promise to pay” – but with what? In effect, the counterfeiters and the Old Lady are in the same business: producing something for nothing, money from thin air. The only discernible differences are legality and scale of ambition: through its recent programme of quantitative easing, the Bank has printed an extra £200 billion – and is tempted to keep going.

Link:http://www.telegraph.co.uk/finance/c...f-England.html