Jim Rogers: Fed Will Launch QE3 by Q3, Goldman's Bonus Bonanza In A DOWN Year, Prostitution Ring For Wall Street Busted, DOT Sign Hacked To Read 'Impeach Obama' (Links)
Stories from around the web today.
OUTRAGE - Hamid Karzai Bans U.S. Treasury Officials From Afghan National Bank
Jim Rogers: Fed Will Launch QE3 by Q3
The TRUTH About Who Really Owns All Of America's Debt
Will the Fed’s last bullet be pointed inward? - Todd Harrison
Goldman Sachs Bonus Bonanza In A DOWN Year
Economics Professor - Depression Won't End Unless We Repudiate the Debt
CHART OF THE DAY: A V-Shaped Recovery That Homeowners Won't Like
Rep. Maxine Waters seeks dismissal of bank bailout ethics case
High-end prostitution ring for Wall Street clients busted - Reuters
Department of Transportation road sign hacked to read “Impeach Obama”
Man's call for Obama assassination is free speech, not crime, supreme court rules
Portugal Joins Spain And Greece In Lying About Its "Colossal" Deficit
The VERY Corporate Supreme Court - Ralph Nader
This Week’s Top Outrages - ProPublica (Recommended)
US Cyber Command Hires Woman With Fake Computer Degrees To Protect Networks
WTF!? - Lobbying Group Brings Together Politicians and Corporations to Write ‘Model Bills'
California Prison doctor gets paid $800K for doing little or nothing - LA Times
WTF!? - Your tax dollars at work – EPA offers “golf swing seminar”
As usual there are more links here...
Reader Comments (16)
http://www.huffingtonpost.com/2011/07/20/afghanistan-iraq-lung-disease_n_905234.html
http://www.huffingtonpost.com/2011/07/20/president-obama-fined_n_904401.html
http://www.goldalert.com/2011/07/jim-rogers-calls-u-s-debt-ceiling-talks-a-sham/
http://www.tulsaworld.com/news/article.aspx?subjectid=11&articleid=20110710_11_A1_CUTLIN171903
http://online.wsj.com/article/SB10001424052702303661904576452253786898470.html
http://www.marketwatch.com/story/why-debt-ceiling-brawl-hasnt-rattled-bonds-yet-2011-07-20?dist=afterbell
http://www.marketwatch.com/story/why-well-have-10-unemployment-soon-2011-07-21?link=MW_home_latest_news
http://www.marketwatch.com/story/hsbcs-china-flash-pmi-points-to-contraction-2011-07-20-23010
http://www.marketwatch.com/story/hsbcs-china-flash-pmi-points-to-contraction-2011-07-20-23010
The newly formed Consumer Financial Protection Bureau is scheduled on July 21 to take over from bank regulators a swath of consumer-product regulatory functions, including some oversight of mortgage and other credit products.
http://www.marketwatch.com/story/credit-report-firms-to-face-more-scrutiny-2011-07-21
http://www.marketwatch.com/story/china-denies-manipulating-rare-earth-prices-2011-07-21
Economics Professor: DAMN GOOD LINK
Exhausting the Reserve Fund: The Big Picture of the Limits to Big Government (Part I)
http://www.masterresource.org/2011/07/exhausting-reserve-fund-i/
[snip]
The economic crisis through which the United States and much of the rest of the world are now passing is not another supposed instance of the “failure” of unrestrained capitalism. It is the failure of the government’s own policies. In other words, it is a crisis of the Interventionist State.
The recession has been the inevitable outcome of the prior artificial investment boom and housing bubble, which were caused by the misguided and highly expansionary monetary policy of the Federal Reserve between 2003 and 2008. The money supply was increased by nearly 50 percent during this five-year period, and key interest rates, when adjusted for inflation, were at or below zero.....
Exhausting the Reserve Fund: The Big Picture of the Limits to Big Government (Part II)
http://www.masterresource.org/2011/07/exhausting-reserve-fund-ii/
[snip]
Editor Note: Dr. Ebeling’s two-part post (Part I yesterday) provides the necessary background to understand how debt reduction is driving energy policy. Regarding the budget fight, E&E News (see Appendix) reported yesterday: “As the proverbial eleventh hour looms for the nation’s maxed-out debt limit, this week brings energy-policy battles of all sizes — from how to divide offshore-drilling revenue to the lessons gleaned from recent oil spills — that will play out amid the larger fiscal showdown.”
Part 3:
Ending Windpower Subsidies for Deficit Reduction (failed promises have consequences)
http://www.masterresource.org/2011/07/windpower-deficit-reduction/
Wind proponents have again and again touted their technology’s coming viability. For example, Chris Flavin of the Worldwatch Institute said back in the 1984: “”Tax credits have been essential to the economic viability of wind farms so far, but will not be needed within a few years.” (2) More such promises have been made over the decades.
Yet for all the promises made, we have little to show for the money spent. Consider these points: