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Washington's Blog (99 Links)
Created by MyPropsMonkey 329 days ago in News. Views: 204. Link Views: 1,327
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"George Washington's Blog." This channel is automatically updated!
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German Central Bank Admits that Credit is Created Out of Thin Air
Posted by MyPropsMonkey 1 day ago (georgewashington2.blogspot.com).  Views: 2
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Germany's central bank - the Deutsche Bundesbank (German for German Federal Bank) - has admitted in writing that banks create credit out of thin air. As the Bundesbank states in a publication entitled "Money and Monetary Policy" (pages 88-93; [More...]
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Congressman Grayson Demands Release of AIG Emails
Posted by MyPropsMonkey 2 days ago (georgewashington2.blogspot.com).  Views: 4
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Congressman Grayson sent the following letter to AIG's trustee: Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; [More...]
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Government "Minders" Obstructed the 9/11 Investigation
Posted by MyPropsMonkey 2 days ago (georgewashington2.blogspot.com).  Views: 3
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As I detailed previously, both the Joint Intelligence Committee and 9/11 Commission investigations into 9/11 had government "minders" intimidating witnesses into not saying anything the government didn't like. You may assume that the issue of [More...]
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The Government Warned the 9/11 Commission About a 'Line' it 'Should Not Cross': Speaking with the Guantanamo Detainees
Posted by MyPropsMonkey 3 days ago (georgewashington2.blogspot.com).  Views: 3
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Preface: This essay does not raise any 9/11 conspiracy theories. It does not question who planned or carried out the 9/11 attacks. It simply gives context to a breaking news story. ACLU, FireDogLake's Marcy Wheeler and RawStory broke the story today [More...]
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The American Dream Has Moved Abroad
Posted by MyPropsMonkey 3 days ago (georgewashington2.blogspot.com).  Views: 1
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The American dream has always been that even those with humble roots can end up wealthy. The American dream is what has motivated generations of Americans - natives and immigrants alike - to work hard and play by the rules. And as Michael Moore [More...]
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Collen Rowley: Minders Ensured She Didn't Say Anything About 9/11 the FBI Didn't WANT Told, Even to Government Officials With Top Security Clearance
Posted by MyPropsMonkey 4 days ago (georgewashington2.blogspot.com).  Views: 2
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FBI whistleblower Colleen Rowley was interviewed by Scott Horton, professor at Columbia Law School and Contributing Editor of Harper's Magazine. Rowley said that in her testimony to the Joint Intelligence Committee regarding 9/11, she was [More...]
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More Evidence that Banks Create Credit Out of Thin Air
Posted by MyPropsMonkey 4 days ago (georgewashington2.blogspot.com).  Views: 1
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I recently provided evidence that banks create credit out of thin air. I've just found two more pieces of evidence. William C. Dudley, President and Chief Executive Officer of the Federal Reserve Bank of New York, said in a speech last July:Based on [More...]
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M1 Money Multiplier Still Crashing: Each $1 Increase in Monetary Base Results in Only 79 Cent Increase In Money Supply
Posted by MyPropsMonkey 4 days ago (georgewashington2.blogspot.com).  Views: 1
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Greg Mankiw noted in January 2009: Econ prof Bill Seyfried of Rollins College emails me: Here's an interesting fact that you may not have seen yet. The M1 money multiplier just slipped below 1. So each $1 increase in reserves (monetary base) results [More...]
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In Bizarre, Soviet-Style Move, White House Threatens to Veto Intelligence Budget Unless FBI's Anthrax Frame Up Is Accepted
Posted by MyPropsMonkey 5 days ago (georgewashington2.blogspot.com).  Views: 3
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In a bizarre, Soviet-style move, the White House has threatened to veto the intelligence budget unless everyone accepts the FBI frame up of Dr. Bruce Ivins. As Bloomberg writes: President Barack Obama probably would veto legislation authorizing the [More...]
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Everything You Need to Know About Dodd's Financial Reform Bill: "This Legislation Will Not Stop the Next Crisis from Coming"
Posted by MyPropsMonkey 5 days ago (georgewashington2.blogspot.com).  Views: 1
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Instead of going into a lengthy analysis about the pros and cons of Chris Dodd's financial reform bill, let the Senator speak for himself: This legislation will not stop the next crisis from coming. No legislation can... What Dodd is really saying [More...]
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Moody's: "The United States and Britain Are More Likely than Germany and France to Witness an Embarrassing Downgrade of Their Top Debt Rating"
Posted by MyPropsMonkey 5 days ago (georgewashington2.blogspot.com).  Views: 1
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Today, Moody's is again hinting about sovereign credit rating problems with the U.S. and UK: The United States and Britain are more likely than Germany and France to witness an embarrassing downgrade of their top debt rating, agency Moody's Investors [More...]
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Dopamine, Wall Street and the Financial Meltdown
Posted by MyPropsMonkey 5 days ago (georgewashington2.blogspot.com).  Views: 1
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Neuroscientists have known for many years that the neurotransmitter dopamine plays a major role in drug addiction. More recently, scientists have discovered that dopamine also plays a big part in basic risk-taking behavior. For example, Time wrote [More...]
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“People See What They're Incentivized to See. If You Pay Someone Not to See the Truth, They Won’t See the Truth.”
Posted by MyPropsMonkey 5 days ago (georgewashington2.blogspot.com).  Views: 0
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Upton Sinclair said: It is difficult to get a man to understand something, when his salary depends upon his not understanding it.Michael Lewis is now saying the same thing. In an interview with 60 Minutes, Lewis said: Wall Street is able to delude [More...]
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7 Questions About Public Banking
Posted by MyPropsMonkey 6 days ago (georgewashington2.blogspot.com).  Views: 1
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How Is Credit Created? I pointed out in September: As PhD economist Steve Keen pointed out recently, 2 Nobel-prize winning economists have shown that the assumption that reserves are created from excess deposits is not true: The model of money [More...]
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Life is Great ... But Only If You Are Already Wealthy
Posted by MyPropsMonkey 8 days ago (georgewashington2.blogspot.com).  Views: 8
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As I pointed out in November: A report by University of California, Berkeley economics professor Emmanuel Saez concludes that income inequality in the United States is at an all-time high, surpassing even levels seen during the Great Depression. The [More...]
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Harry Dent: Rally Will Continue Until Mid-April to Late May
Posted by MyPropsMonkey 8 days ago (georgewashington2.blogspot.com).  Views: 2
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Harry Dent just released a short 5-minute video update, saying that the technical indicators show that the rally will continue to mid-April at the earliest, to late May at the latest:
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We Can't Inflate Our Way Out of the Debt Crisis ... So What CAN We Do?
Posted by MyPropsMonkey 8 days ago (georgewashington2.blogspot.com).  Views: 1
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As I wrote last August: Commonly-accepted wisdom says that we can inflate our way out of our debt crisis. *** But as I have previously noted, UBS economist Paul Donovan has demonstrated that governments can't inflate their way out of debt traps, [More...]
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Lehman Fraudulently Cooked Its Book, Accounting Giant Ernst & Young Helped, Geithner and Bernanke Winked and Slapped Them on the Back
Posted by MyPropsMonkey 9 days ago (georgewashington2.blogspot.com).  Views: 4
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As William K. Black said a year ago, the government's entire strategy now - as in the S&L crisis - is to cover up how bad things are ("the entire strategy is to keep people from getting the facts"). Paul Krugman and others pointed out [More...]
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Congress Calls for Investigation Into Anthrax Probe
Posted by MyPropsMonkey 9 days ago (georgewashington2.blogspot.com).  Views: 2
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The FBI says that the anthrax case is closed, and that they have proved that Dr. Bruce Ivins did it. But Congress is not convinced. On March 3, 2010, Representative Holt called for a new investigation: Last week, [Congressman Holt] succeeded in [More...]
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82% of Americans: Clamp Down on Wall Street • Independent Financial Experts: Break Up Big Banks • Government: We Sure Do Love Them Lobbying Dollars!
Posted by MyPropsMonkey 9 days ago (georgewashington2.blogspot.com).  Views: 2
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82% of the American public wants tougher regulation of Wall Street. Most top independent financial experts say that we need to break up the big banks. But Summers, Geithner, Bernanke and Congress like things just the way they are. Of course they [More...]

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