Midweek Diary Rescue


Consider this a final diary rescue, for now, as we shake things up here.  Going forward, noteworthy and recommended diaries will be promoted directly to the front page outside of the rescue. Since first signing on with Michael Connery nearly three years ago, the diary rescue has been amazing fun, and the writers here never cease to amaze and inspire.  I'm excited to see some of the content in the diary trenches get even more of a spotlight.

I'll also be posting more as, post election, I'm rediscovering something I'd completely forgotten existed: time.


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Good job while it lasted.

Whatever the shake up is, I have no doubt that ignored contributions will somehow be accorded extra attention in the future.

by MainStreet 2010-11-11 05:42PM | 0 recs
The Bailout and system itself if fraudulant

State of the US Economy, Jun 3, 2009 - House Committee Budget
Ben S. Bernanke: 'The Federal Reserve will not monetize the debt and I think it’s important to point out that notwithstanding our purchases of treasuries as part of a program to strengthen private credit markets even when we complete the 300 billion dollar purchase that we have committed to, we will still hold less treasuries, a smaller volume of treasuries than we had before the crisis began...FEAR THAT the debt will continue to rise will make it very difficult to finance it. And at some point you will hit a point were you have to have both very draconian cuts and very large tax increases'


On November 3, 2010, the Fed announced the printing of $600-900 billion in new debt based, privately held currency to directly purchase US Treasury bond debt.

On Nov 5-6 2010 Alan Greenspan: 'Things were being done which were certainly illegal and clearly criminal in certain cases.  In which, I mean Fraud, Fraud is a Fact, Fraud Creates very considerable instability in competitive markets.

If you cannot trust your counter parties it won’t work and indeed we saw that it didn’t.’



by Sovereign Mann 2010-11-11 06:11PM | 0 recs


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