Bailouts

‘The Secret Of Oz’ (Or Rule By Banks 101)

‘The Secret Of Oz’ (Or Rule By Banks 101)

Here we are, completely off the rails economically, watching the EU turn to China for cash, with 'Occupy' gearing up for riots and more violence in the streets worldwide, and what do we hear from the pResident and major candidates?  More stimulus (because the first three worked so damn well), and tax reform.  Dr. Paul is a major proponent of ending the Federal Reserve banking system that has strangled this country, but today, I spent two hours learning more about the history of banking, and specifically, American banking history than was even an afterthought in my classroom decades ago.  It…
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IMF, Europe In Trouble

IMF, Europe In Trouble

Is anybody surprised by this headline? This is the ticking of the clock approaching midnight and the folks running the show still haven't figured out how to stop the slide... Christine Lagarde: IMF may need billions in extra funding Christine Lagarde has signalled that the International Monetary Fund (IMF) may have to tap its members – including Britain – for billions of pounds of extra funding to stem the European debt crisis. (more…)
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