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I wondered when the great bank bail out in the United States happened how Canadian banks fared? The report is out. The Canadian Centre for Policy Alternatives senior economist examined the data. We sank. We went down hard and fast. There would have been no survivors except for a total of $114 billion i...
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I remember as a child getting things that glowed in the dark out of my cereal box for free. They were penny item promotions. The coins I earned in my allowance were 80% silver 20% copper. They were reduced to a 50/50 mix. Then, as an adult, they became 99% nickel. I think I could say that was serious debasement in value. They now claim they are cupro-nickel. That could be a step up except the Mint's websit...
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When we take to the sea, we never want our ship to founder. When we fly in an aircraft, we never want the aircraft to crash. When we build an economy, we never want it to implode. However, make no mistake about it, the system is going to implode. There is and there will be no panic in the str...
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The world is awash with stories of mysterious trillions that are off the books and inane counterfeiters that are carrying bonds of proportions unheard of in the financial world. These fools actually counterfeited bonds totalling $6 trillion dollars and fake billion d...
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There are strange things happening in the Eurozone. The Irish government has decommissioned 1.4 billion Euros and shredded them. An enterprising individual has built a house out of them. Of course this is a comic opera with the media, but it reinforces that fiat currencies are really nothing more than paper. Their use as bricks to build a home sends out a very clear message. Cash is n...
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In the lore of the Italian mafia when you have a problem with a building, you have a fire or an explosion. It has always been a very effective means of maintaining if not increasing a profit margin. There is no law to say those age old practices cannot be employed at sea. We extrapolated how Costa Europa had many flaws and was basically a huge white elephant due to be released to Thompson Vacations. It would...
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White House photo
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Obama hosts George H.W. and Jeb Bush at White House
By DONOVAN SLACK |
1/27/12 7:15 PM EST
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Unbeknownst to the press, President Obama met Friday evening with former president George H.W. Bush and his son, former Florida governor Jeb Bush, in the Oval Office.
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White House officials did not list the meeting on the president's ...
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2nd Witch:
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"Eye of newt, and toe of frog,
Wool of bat, and tongue of dog,
Adder's fork, and blind-worm's sting,
Lizard's leg, and howlet's wing,--
For a charm of powerful trouble,
Like a hell-broth boil and bubble."
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Macbeth (IV, i, 14-15)
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Well we don't know wha...
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