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Washington's Blog (633 Links)
Created by MyPropsMonkey 210 days ago in News. Views: 138. Link Views: 2,385
Tags: news  finance  economics
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"George Washington's Blog." This channel is automatically updated!
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"[Obama's] Ongoing Loyalty To Wall Street Is A Virus That Holds Far More Danger Than The Swine Flu. [His] Economic Team Needs To Be Put In Quarantine"
Posted by MyPropsMonkey 200 days ago (georgewashington2.blogspot.com).  Views: 2
Tags: news  finance  economics
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Arianna Huffington has the quote of the day: The Obama administration's ongoing loyalty to Wall Street is a virus that holds far more danger than the swine flu (sorry, the H1N1). And the fact that the stress test results to be released on Thursday are [More...]
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"21 of the 25 Largest Subprime Issuers Leading Up to the Crisis Were Financed by Large Banks"
Posted by MyPropsMonkey 76 days ago (georgewashington2.blogspot.com).  Views: 4
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Elizabeth Warren - the chair of the congressional oversight committee of the bailouts - points out: 21 of the 25 largest subprime issuers leading up to the crisis were financed by large banks. (Remember this the next time you hear a lobbyist blaming [More...]
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"87 Percent of [Chinese] Respondents Believe China’s Dollar-Assets are Unsafe"
Posted by MyPropsMonkey 166 days ago (georgewashington2.blogspot.com).  Views: 2
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Remember how the Chinese laughed at Geithner when he said their American investments were safe? The laughter was not just the opinion of those sitting in the audience listening to Geithner's speech. One of China's official newspapers, The Global [More...]
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"Americans Believe That This Is The Katrina Of Recessions. Folks Are On Their Rooftops Without A Boat. The Water Is Rising, And Many See No Way Out."
Posted by MyPropsMonkey 73 days ago (georgewashington2.blogspot.com).  Views: 0
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The director of the John J. Heldrich Center for Workforce Development at Rutgers University - Carl Van Horn - made the following statement about a new Rutgers survey on unemployment: Millions of unemployed Americans are suffering economic and personal [More...]
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"Debts Are Being Fought With Debts, Meaning That Not Only Banks But Entire Countries Could End Up Bankrupt."
Posted by MyPropsMonkey 162 days ago (georgewashington2.blogspot.com).  Views: 1
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Spiegel wrote in April: Unlike 1929, the world's major countries are flooding the economy with money to prevent deflation and, with it, a downward spiral of declining prices and income. But no one knows whether this will suffice, or whether all the [More...]
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"Democracy Is Dead... Politicians [In] The White House, Senate And Congress [Are] Mere Puppets, Pawns For The ... Oligopoly"
Posted by MyPropsMonkey 79 days ago (georgewashington2.blogspot.com).  Views: 6
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Guess who made the following statement: We refuse to believe in this new Orwellian America. We prefer the world of magic, myth and illusion. Democracy is dead. Oh, the illusion will be kept alive in our history books, in the rhetoric of [More...]
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"Even Some Senior Wall Street Executives Acknowledge the Lack of [Regulatory] Change Surprises Them, Given How Poorly the Industry Performed"
Posted by MyPropsMonkey 70 days ago (georgewashington2.blogspot.com).  Views: 4
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In an article showing that the Obama administration hasn't brought any real change to the financial industry, the New York Times quotes insiders who themselves are surprised by the lack of change: But even some senior Wall Street executives acknowledge [More...]
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"For the Week Ended Last Friday ... Insiders Sold 6.31 Shares for Every One They Bought"
Posted by MyPropsMonkey 59 days ago (georgewashington2.blogspot.com).  Views: 3
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Mark Hulbert writes: The message from the insiders is rather sobering: They are selling a whole lot more of their companies' stock than they are buying. The net difference is even larger than it was two months ago, when I noted that insiders were [More...]
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"Grandparents for 9/11 Truth", "Working Parents for 9/11 Truth" and "Soccer Moms for 9/11 Truth"
Posted by MyPropsMonkey 162 days ago (georgewashington2.blogspot.com).  Views: 1
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Given the false claim being made that people who question 9/11 are terrorists (and see this), I encourage people to form groups that show how mainstream questioning the government's version of 9/11 really is. For example, I encourage people to form [More...]
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"Happy Talk" Can NOT Improve the Economy
Posted by MyPropsMonkey 192 days ago (georgewashington2.blogspot.com).  Views: 4
Tags: news  finance  economics
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Many people believe that if there is enough "happy talk" about the economy, and enough people believe the economy is improving, it will improve. Are they right? Well, it is true that consumers and small investors drive a large portion of [More...]
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"Hope Has Never Trickled Down. It Has Always Sprung Up"
Posted by MyPropsMonkey 210 days ago (georgewashington2.blogspot.com).  Views: 5
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With this sentence, Studs Terkel summarized an important point: Hope has never trickled down. It has always sprung up. Obama can't give us hope from above. Each and every one of us have to create hope for ourselves, and then demand change. As Naomi [More...]
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"I've Always Been Convinced that the Exchange Stabilization Fund is Involved in Stock [and] Commodity Transactions by Manipulating Price"
Posted by MyPropsMonkey 13 days ago (georgewashington2.blogspot.com).  Views: 1
Tags: news  finance  economics
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I'm reading Ron Paul's book "End the Fed", which is chock full of good quotes. This one caught my eye: I've always been convinced that the Exchange Stabilization Fund is involved in stock, commodity, and currency transactions by [More...]
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"If You Go Back To The CIA's Origins … In The Office Of Strategic Services, He Explained, "The Whole OSS Was Really Nothing But Wall Street Bankers …"
Posted by MyPropsMonkey 138 days ago (georgewashington2.blogspot.com).  Views: 0
Tags: news  finance  economics
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You've probably heard that the CIA is looking to hire laid-off bankers. This is nothing new. The long-time former executive director of the CIA - Buzzy Krongard - is a former investment banker. As Krongard told the Washington Post in March [More...]
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"If You Want Total Security, Go to Prison"
Posted by MyPropsMonkey 177 days ago (georgewashington2.blogspot.com).  Views: 11
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President and General Dwight Eisenhower said: If you want total security, go to prison. There you're fed, clothed, given medical care and so on. The only thing lacking... is freedom. Do we want our entire country to be turned into a giant prison? Or [More...]
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"It's Almost As If The Administration Is Opting for a Rose-Colored-Glasses PR Strategy" Instead of Looking at Reality and Adopting Appropriate Policy
Posted by MyPropsMonkey 94 days ago (georgewashington2.blogspot.com).  Views: 1
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Donald W. Riegle Jr. is a former Senator and was - for 5 years - chair of the Senate Banking Committee. Riegle co-wrote an article with the former CEO of AT&T Broadband and the international president of the United Steelworkers saying: It's almost [More...]
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"Money Multipliers Have Collapsed Everywhere...Confidence Is Missing. I Don't See Any Way To Stabilise M3 In Such Circumstances"
Posted by MyPropsMonkey 23 days ago (georgewashington2.blogspot.com).  Views: 0
Tags: news  finance  economics
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Former officials are often more honest than current ones, since they aren't under pressure to spread happy talk. Former European Central Bank chief economist Otmar Issing recently said what current officials aren't addressing: Nobody can be sure [More...]
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"Obamacare Is to Health Reform What Bank Bailouts Are to Financial System Reform, Which Is to Say it Is the Opposite of What its Name Implies"
Posted by MyPropsMonkey 99 days ago (georgewashington2.blogspot.com).  Views: 1
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Pop quiz. Guess who wrote the following, someone on the left or the right: These are not really "town meetings" at all, at least in the sense of the town meetings I grew up with, and started out covering as a young journalist in [More...]
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"Our Earth Is Degenerate in These Latter Days. There Are Signs That the World Is Speedily Coming to an End. Bribery and Corruption Are Common"
Posted by MyPropsMonkey 159 days ago (georgewashington2.blogspot.com).  Views: 4
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The quote above probably sounds like a garden-variety quote from a fundamentalist, right? Why am I wasting space by repeating the quote? It is actually from an Assyrian tablet from 2800 B.C. Print this post
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"The Federal Government Works for Goldman and Not for Us"
Posted by MyPropsMonkey 127 days ago (georgewashington2.blogspot.com).  Views: 3
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Veteran reporter Robert Scheer writes today: The federal government works for Goldman and not for us. Is Scheer's claim over the top? Well, the assistant secretary of the Treasury under Reagan (and former senior Wall Street Journal editor) Paul [More...]
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"The Odds on the Dollar, Treasury Bonds and the U.S. Government’s AAA Grade All Heading for the Dumpster are Shortening"
Posted by MyPropsMonkey 183 days ago (georgewashington2.blogspot.com).  Views: 3
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I've written numerous essays on the facts that the dollar is losing its status as world reserve currency, the bubble in treasury bonds may be ending, and the U.S. may very well lose its AAA sovereign credit status. Bloomberg writer Mark Gilbert [More...]
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