[deMolay]

The dead load per capita is just as bad or worse in Canada. http://www.sprott.com/Docs/MarketsataGl ... 0_2009.pdf

[jbrovont]

Hmm... split 300 million ways, that's about $3.4 million each. So if I earn $8 an hour at McBurger and never take a vacation, I could pay that off in just over 200 years. Just as long as all the other debt zombies are as hard working, we'll be fine.

The dead load per capita is just as bad or worse in Canada. http://www.sprott.com/Docs/MarketsataGl ... 0_2009.pdf

[Daniel_Plainview]

"Like dead men walking, the US government is merely biding its time until the moment of truth."

"We believe the US government’s current trajectory presents one of the greatest macro-economic risks at play today. The Federal Reserve and the US government have assumed the toxic financial trash that brought the banking system to its knees a year ago. By monetizing debt to support their budget deficit and ‘save the system’, both entities have chosen to walk a well worn path traveled by so many governments before them. Like dead men walking, the US government is merely biding its time until the moment of truth. Unlike Fannie Mae, General Motors or Citigroup, however, there is no one left to grant a reprieve."

[Prince]

Excellent article. Quick read and makes a lot of good points in 5 pages.

My favorite part was this:

The FDIC ‘fund’ merely consisted of IOU’s from the general revenues accounts. And now that the Deposit Insurance Fund balance as of September 30, 2009 is negative13 the FDIC wants the institutions to prepay their assessments for all of 2010, 2011 and 2012. In effect, the FDIC wants to borrow money from the banks it provides insurance for. Does this not strike you as surreal? Why would anyone have any confidence in anything the FDIC guarantees?

[deMolay]

My question is at what point do they level with everyone and say "DEPRESSION" worst in history. Bigger than the TULIP CRASH, bigger than the South Sea Bubble. etc.

[Daniel_Plainview]

My question is at what point do they level with everyone and say "DEPRESSION" worst in history. Bigger than the TULIP CRASH, bigger than the South Sea Bubble. etc.

At what point? As soon as they've extracted the maximum amount of money from the working taxpayers and funneled the maximum amount of money to the banksters and crooksters.

[patience]

The demise of the status quo has been a foregone conclusion in my mind for a while now.

What worries me now is, what happens next?

[crude_intentions]

The demise of the status quo has been a foregone conclusion in my mind for a while now.

What worries me now is, what happens next?

What the Power-That-Be have been working toward for the past 80 years:Neofeudalism.

[hardtootell-2]

I am not an Obama basher but I could not resist this headline:

http://www.telegraph.co.uk/news/worldne ... ption.html

Wow! The whole world is held hostage by American bankers who have captured Washington!
The next thing you know, they will be giving out Nobel peace prizes to people who have more than one war underway!

[Daniel_Plainview]

I am not an Obama basher but I could not resist this headline:

http://www.telegraph.co.uk/news/worldne ... ption.html

Wow! The whole world is held hostage by American bankers who have captured Washington!
The next thing you know, they will be giving out Nobel peace prizes to people who have more than one war underway!

It's comforting to observe that Obama is far more concerned with the corruption in Afghanistan than in Wash. DC.

[rangerone314]

It's comforting to observe that Obama is far more concerned with the corruption in Afghanistan than in Wash. DC.

I'm not a Christian but this seems to fit:

Luke 6:41 "Why do you look at the speck that is in your brother's eye, but do not notice the log that is in your own eye?"

[coyote]

Politicians make whatever noises will help them gain the political backing they need to go after their objectives.

The Afghan war is currently hurting Obama politically. Hence the noises.

Nothing new.

[jbrovont]

WSJ: Bonuses on Wall Street set to rise 40% this year

Yeah... this is pretty, what's the word - ironic? Absurd? Hypocritical?

I am not an Obama basher but I could not resist this headline:

http://www.telegraph.co.uk/news/worldne ... ption.html

Wow! The whole world is held hostage by American bankers who have captured Washington!
The next thing you know, they will be giving out Nobel peace prizes to people who have more than one war underway!

It's comforting to observe that Obama is far more concerned with the corruption in Afghanistan than in Wash. DC.