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POPSObama-Geithner Plan to Restart the Bubble Economy The new twist is a variant on the IMF “stabilization” plans that lend money to central banks to support their currencies – for long enough to enable local oligarchs and foreign investors to move their savings and investments offshore at a good exchange rate. The currency then is permitted to collapse, enabling currency speculators to rake in enough gains to empty out the central bank’s reserves. Speculators view these central bank holdings as a target to be raided – the larger the better. The IMF will lend a central bank, say, $10 billion to “support the currency.” Domestic holders will flee the currency at a high exchange rate. Then, when the loan proceeds are depleted, the currency plunges. Wages are squeezed in the usual IMF austerity program, and the economy is forced to earn enough foreign exchange to pay back the IMF.
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POPSThe Moral Hazard of a One-Party System It's the shared agendas of the two major parties (so-called) that are so perilous... not the simplistic left-right arguments which feed the media maw... And keep so many arguing about which is the "good" cop and which the " bad."
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POPSThe US Bill of Rights was an Afterthought So the Bill of Rights was not a gift from that illustrious gaggle of rich merchants, land and currency speculators, and slaveholders known as our “Founding Fathers.” It was a product of class struggle. The same was true of the universal franchise. It took mass agitation from the 1820s to the 1840s by workers and poor farmers to abolish property qualifications and win universal White male suffrage. Almost a century of agitation and struggle was necessary to win the franchise for women. And a bloody civil war and subsequent generations of struggle were needed to win basic political rights for African Americans, a struggle still far from complete.
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POPSObama's Malignant Narcissism
When Obama runs into brick walls, he seems to reflexively go into a state of rage. The same thing will happen to Obama if and when he loses the election in 2012. Since narcissists in power keep people around them in a constant state of fear -- everybody gets targeted and feels insecure -- you can expect a ton of dirty tricks in elections to come. But then Democrats constantly use dirty tricks. I fear two things with Obama. One is if the GOP fails to elect a House majority in 2010 to keep Obama within the bounds of sanity. A GOP majority is essential for the safety of the country and the world. But even if Obama is defeated in 2012, he will just turn into an angrier version of Al Gore and Jimmy Carter. He will haunt the political future of this country as long as he is alive, because that famished ego never gets enough. Malignant narcissism often gets worse over time. So even if the voters throw out this very dangerous cult-like administration, you can expect Obama to be poppi
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POPSThe Crash 80 years later, could it happen again? (Note: Don't say it happened in the 1980's. That wasn't a crash, exactly)
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POPSBanks Do Not Make Good Neighbors Ross Wallace, a lieutenant in the U.S. Army, turned in his check for $500 and waited on the auction floor in full dress uniform for a chance to buy a Detroit house on the cheap. Wallace, 27, said he did not want to leave his fiancee and two children with a mortgage before shipping out to Iraq later this year. “I still have student loans and I’m trying to be responsible. I don’t want to leave debt,” he said. Wallace waited for the auction to roll around to Detroit’s Boston-Edison district, a once stately area that was home to boxing legend Joe Louis and Motown founder Berry Gordy. But he was quickly outbid. An unidentified investor at the front of the room who had scooped up several dozen properties took the home Wallace wanted for about $15,000. “Why am I competing against a bank?” he said later. “It would be common sense to have a separate process for people who want to move back to the city or it’s going to stay empty.”
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POPS(NOT)Federal (NO)Reserve - Bank After watching this video This video here that i have clipped is a must see. It is the Beginning of the criminal control of these global Banking Families. http://clipmarks.com/clipmark/8D34CDB8-B4BA-475A-A016-BA569688751A/
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POPS"World Trade Has Collapsed... Shipping Lines Have Become Graveyard Archipelagos" Yet all of this is beyond the land, and thus far from sight. Of course, who needs trade when you have a speculative market trading in its own bubble, hitting yearly highs day after day, thanks only and exclusively to the Chairman's printing press. It is a pity these ships can not sail in the sea of hundred dollar bills that is being created each and every day at the Federal Reserve, whose only use these days it seems is to buy junker stocks and to feed the algos that lift whatever offers are stupid enough to float in the equity market." Thousands Of Rusting Ship Hulls Are A Fitting Tribute To The Speculative Market Bubble To view enlarged images please visit website (green indicates operating ship, red denotes a ship out of spot/charter and currently unused) http://www.zerohedge.com/article/thousands-rusting-ship-hulls-are-fitting-tribute-speculative-market-bubble
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POPSObama and the 9/11 murderers Intellectuals in the West joined the blame America chorus. Italian Nobel laureate Daria Fo: "The great speculators wallow in an economy that every year kills tens of millions of people with poverty - so what is 20,000 dead in New York?" How sick is that? The Egyptian newspaper Al-Maydan editorialized: "Millions across the world shouted in joy: America has been hit!" I'm not making this stuff up.
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POPSAmerican Dream or American Nightmare? Home-ownership is just a part of the american dream, and it's a part which has been unduly subsidized and distorted by the government, to the pont that it threatens the whole dream.
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POPSHow dare she! How dare Pelosi push legislation that would allow people to actually make a living wage, instead of starving while working two or more jobs! The balls on her! That boss needs to fire his market analyst, though. It isn't government meddling that caused his problem, it was Wall Street Scoundrels and Speculators that caused this disaster. Leave it to the Right-Wing Nutjobs to complain about having regulators in there to make sure all the players in the market don't cheat, causing everyone's investments to tank. They like to put government in the hotseat, but the truth of this issue is that it's Unfettered Capitalism that caused this crisis, not the government. It's people like the Republicans that caused all the job losses. Don't let them pass the buck.
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POPSWhy it pays to be a Moderate Republican. Collins fights oil speculators. Collins was also one of only three Republicans voting in favor of Obama's economic stimulus bill, and that only after getting a promise of spending cuts and more school construction. Obama may need a handful of Republicans to revamp of financial regulation, including the oil markets. Will Collins demand something again from the president in exchange for crossing party lines? Offering a coy smile, Collins answered, "I do think the president has been receptive when I make suggestions."
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POPSObama's theft... What is this man doing? Will he & Congress completely bankrupt our Country and destroy all of our futures?
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POPSPenny Stocks Penny stocks are most closely associated with pump and dump schemes, where stocks are brought in bulk by stock speculators and a massive campaign to promote the stock starts, jacking up the price of the stock. http://www.coolpennystocks.com/ will provide more about Penny stocks.
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POPSPenny Stocks making money grow Penny stocks are most closely associated with pump and dump schemes, where stocks are brought in bulk by stock speculators and a massive campaign to promote the stock starts, jacking up the price of the stock. http://www.coolpennystocks.com/ will provide more about Penny stocks.
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POPSMore Profit Of Penny Stocks Penny stocks are most closely associated with pump and dump schemes, where stocks are brought in bulk by stock speculators and a massive campaign to promote the stock starts, jacking up the price of the stock. http://www.coolpennystocks.com/ will provide more about Penny stocks.
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POPSPenny Stocks more Profit Penny stocks are most closely associated with pump and dump schemes, where stocks are brought in bulk by stock speculators and a massive campaign to promote the stock starts, jacking up the price of the stock. http://www.coolpennystocks.com/ will provide more about Penny stocks.
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POPSActivists protest bailouts near Wall Street Did not hear of any protest on Fox, CNN, or MSNBC. Also, nothing in NY Times or Wall Street Journal. After first learning of it via IReport on CNN I googled and found this report from Reuters of the protest on Friday NEAR Wall Street. Evidently the protesters were not allowed to protest within hearing distance of the very people they were protesting against. This is the state of our ‘right to protest’ controlled by the powers that be. The IReport covers an apparent second protest that occurred on Saturday Apr 4 ON Wall Street when Wall Street was closed. Guess they wanted to do it so they could have bragging rights that they actually protested on Wall Street. Here’s the IReport clip: http://www.ireport.com/docs/DOC-239743. Here’s a little more info on Bail Out the People website: http://www.bailoutpeople.org/
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POPSPenny Stocks Penny stocks are most closely associated with pump and dump schemes, where stocks are brought in bulk by stock speculators and a massive campaign to promote the stock starts, jacking up the price of the stock. For more details visit at http://coolpennystocks.com/
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POPSLessons from the past: The Great Depression But it is not the desperate homeowners who are being bailed out, but the very bankers and speculators whose insatiable greed caused the crisis. In a November 26 article on counterpunch.org Kevin Zeese wrote: $7.6 trillion. That is what Bloomberg reports has been committed on behalf of the American taxpayer to bail out America’s finance system. This includes spending by the Treasury, Federal Reserve and FDIC. * The amount is equal to half the value of everything produced in the United States last year. * It is $24,000 for every man, woman and child in America, that is, nearly $100,000 for a family of four. * It’s nine times what the US has spent so far on wars in Iraq and Afghanistan. * It is enough money to pay off more than half the country’s mortgages, but bankruptcies have continued despite the bailout.
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POPSOil Speculation: It's Back: And This Time, It Really Is Making Oil More Expensive ($12 a barrel higher, to be precise) than the spot price - a scenario futures traders call a "contango" market. (The opposite scenario - spot prices higher than futures prices - is known as "backwardation.") "The steepening of the contango has opened up carry-trade arbitrage opportunities that are slow to be closed due to constrained credit conditions," Goldman Sachs wrote in a recent research report. Translation: this is a great time for investors to be hoarding oil. Today's market is giving Goldman clients and other well-heeled investors an opportunity to buy oil in the spot market for $50 a barrel, sell it forward in the futures market for $62, and then pocket the $12-a-barrel difference, less storage costs.
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POPSObama's Plan to Solve Housing Crisis
President Obama continues to impress and impress. This $75-billion dollars was initially given to the Bush Administration and was going to wind up in the hands of big banks, Wall Street speculators and credit card companies. Now the money will actually go to reduce mortage rates of millions of homes in threat of foreclosure. And banks that specifically help do this will get some cash. And incredible Feudal Age bankrupcy laws that only favored the Lord of the Mannor will not be available to people who own only their one home and live in that home who were previously excluded from this legal recourse. It's truly incrdible to see such common sense and well targeted actions from government. Under the Bush Administration bank TEN TIMES this amount was given to big banks, Wall St. speculators, etc. with no rules for them to do anything. Will some folks complain? Sure. Republicans, and those who resent people on the street getting aid. Efforts to prevent abuses look good. H
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