September 2011
200 posts
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Extraterrestrials seem to have better...
Breaking News from Outer Space (image source: Ponzi message)
This just in: a message from the PONZI SYSTEM believed to be in response to one of the Pioneer plaques which were placed on board the 1972 Pioneer 10 and 1973 Pioneer 11 spacecrafts, featuring a pictorial message, in case either Pioneer 10 or 11 was intercepted by extraterrestrial life.
Pioneer plaque (image source: Pioneer...
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The IMF at a Glance →
The International Monetary Fund (IMF) works to foster international monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. Created in 1945, the IMF is governed by and accountable to the 187 countries that make up its near-global membership.
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The world prays for an economic miracle →
from The Independent
Saturday, 24 September 2011
By Ben Chu, Economics Editor in Washington
After an incredibly volatile day on world markets, the head of the International Monetary Fund, Christine Lagarde, warned of a looming “collapse in global demand” which threatens to push economies around the world into a new recession.
“Dark clouds over Europe and huge uncertainty...
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Gold futures have worst day in five years →
It’s called throwing out the baby with the bath water. It happens every time there is turmoil in the stock market. But every time also, the baby is soon reclaimed.
MARKET PULSE
Sept. 23, 2011, 2:11 p.m. EDT
By Claudia Assis
Gold futures on Friday notched their biggest one-day percentage drop in five years and their biggest one-day dollar drop since Aug. 24 as investors pulled out...
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Dow has worst week since 2008 →
U.S. stocks edged higher Friday, trimming steep weekly losses that still amounted to the Dow Jones Industrial Average’s worst since October 2008.
For the week, the blue-chip index lost 6.4% as investors sought cash on slashed expectations that the Federal Reserve and European policy makers would be able to quickly stabilize the global economy.
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What Recession? We've Been in a Depression →
— Posted Friday, 23 September 2011
By Jeff Berwick, The Dollar Vigilante
Times like these are why we are dollar vigilantes. Talk is incessant about a possible collapse of the European Union - something which we consider to be a certainty. They can let it collapse now or paper it over again and see if they can keep that dead man walking a little longer.
Meanwhile, in the US, the...
The Dow sets new low for the year of 10,601 on... →
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Loyal consumers screwed again →
But then in our New Age it’s the customer who is always wrong.
The Brads - How Netflix is Getting Easier
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Billboard Signals of Collapse →
By: Jim Willie CB, GoldenJackass.com
— Posted Thursday, 22 September 2011
The billboard messages are dire, ugly, dreadful, dangerous, and full of destruction, typical of systemic failure. Too bad the Keynesian textbooks do not have a chapter on banking system insolvency, or one quarter of the households living in negative equity, or central bank toxic paper pits, or global currency...
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“Insanity: doing the same thing over and over again and expecting different...”
– Albert Einstein
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Q&A about the Fed's 'Operation Twist' →
Matthew Craft, AP Business Writer, On Thursday September 22, 2011
NEW YORK (AP) — The Federal Reserve is making its third try at stimulating the economy in less than three years. Since its last attempt ended in June, the economy has been slowing. And stocks have been falling as investors feared that the country was heading for another recession.
Some questions and answers about the...
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