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Showing posts from September, 2009

Was the Financial Crisis a Fall or a Push?

http://www.webofdebt.com/articles/economic9-11.php ECONOMIC 9-11: DID LEHMAN BROTHERS FALL OR WAS IT PUSHED? Ellen Brown, September 7th, 2009 A year after the bankruptcy of Lehman Brothers on September 15, 2008, questions still swirl around its collapse. Lawrence MacDonald, whose book A Colossal Failure of Common Sense came out in July 2009, maintains that the bank was not in substantially worse shape than other major Wall Street banks. He says Lehman was just “put to sleep. They put the pillow over the face of Lehman Brothers and they put her to sleep.” The question is, why? The Lehman bankruptcy is widely considered to be the watershed event that changed the rules of the game for those Wall Street banks considered “too big to fail.” The bankruptcy option was ruled out once and for all. The taxpayers would have to keep throwing money at the banks, no matter how corrupt, ill-managed or undeserving. As Dean Baker noted in April 2009: “Geithner has supposedly ruled out the bankrupt

How can China’s stimulus plan be working so well, when ours is barely working at all?

http://www.webofdebt.com/articles/secret_of_china.php THE SECRET OF CHINA’S MIRACLE ECONOMY: THE GOVERNMENT OWNS THE BANKS RATHER THAN THE REVERSE Ellen Brown, August 17th, 2009 www.webofdebt.com/articles/secret_of_china.php “The banks -- hard to believe in a time when we’re facing a banking crisis that many of the banks created -- are still the most powerful lobby on Capitol Hill. They frankly own the place.” -- U.S. Senator Dick Durbin, Democratic Party Whip, April 30, 2009 While the U.S. spends trillions of dollars to bail out its banking system, leaving its economy to languish, China is being called a “miracle economy” that has decoupled from the rest of the world. As the rest of the world sinks into the worst recession since the 1930s, China has maintained a phenomenal 8% annual growth rate. Those are the reports, but commentators are dubious. They ask how that growth is possible, when other countries relying heavily on exports have suffered major downturns and remain in the

Smart Obama and Dumb Bush gave 700 billion to Economic Terrorist "Banksters [who] have Robbed well over $100 Billion Dollars from Taxpayers"

"Since when is threatening the detonation of the economy unless 700 billion is handed over immediately not economic terrorism." http://market-ticker.denninger.net/archives/1364-America-Is-Running-Out-Of-Rope.html America Is Running Out Of Rope Oh no, we don't cheat: Goldman Sachs Group Inc. research analyst Marc Irizarry's published rating on mutual-fund manager Janus Capital Group Inc. was a lackluster "neutral" in early April 2008. But at an internal meeting that month, the analyst told dozens of Goldman's traders the stock was likely to head higher, company documents show. Nothing like selling bonds out the front door and shorting them on your prop desk, right? Oh wait, Goldman did that too! Securities laws require firms like Goldman to engage in "fair dealing with customers," and prohibit analysts from issuing opinions that are at odds with their true beliefs about a stock. Steven Strongin, Goldman's stock research chief, says no

How to Teach Purity

By Richard Salbato I was asked by many people to expand on my last Newsletter, Sins Against Purity Cause Wars. Father Bart believes we should start a movement within the Church on Purity and Dating. I love the idea, but personally I am a hermit and too involved with my own family to organize anything. I will, however, offer guidelines and suggestions for those teachers and priests who want to bring Purity and Virginity back to the Church. For over ten years now I have been writing Newsletters on Moral Theology because more people today go to Hell for sins against morals than any other reason. Some of those Newsletters are linked below. I suppose the most controversial Newsletter I have ever written on Morals is one of the first I ever wrote. It was a result of people asking me why I did not get involved in the Right to Life Marches and Sit-ins that my friends were involved in. Quickly without even thinking I said, “Abortion is not the problem.” At the time I did not even know what I