Uncategorized Archive

Ambrose Evans-Pritchard: Europe’s banks more leveraged than U.S. banks

[Skip to the end] Ambrose Evans-Pritchard: Europe’s banks more leveraged than U.S. banks By Ambrose Evans-Pritchard Oct. 2 (The Telegraph) It took a weekend to shatter the complacency of German finance minister Peer Steinbruck. Last Thursday he told us that the financial crisis was an “American problem,” the fruit of Anglo-Saxon greed ...Read More

Paulson Plan

[Skip to the end] Let’s also remember that with a 30% corporate income tax, for example, government functionally owns 30% of all the corporate equity, listed and unlisted, large or small, etc. And if it wants more, for example, it can raise the tax. This is the ‘direct pipe’ and it can’t ...Read More

France/Germany headlines

[Skip to the end] (From Reuters) France to propose EU Rescue Plan for Banks 300 billion EUR EU Countries should contribute 3% of GDP to Plan Germany Completely disagrees with French Bank Rescue plan [top] ...Read More

Warren B turns 59 today!

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TRUE STORY!

[Skip to the end] HR 124 At about 11am today when the doctors removed the heart wires, the heart immediately went into something called atrial fibulation, which is an elevated heart rate and irregular heart beat – different chambers of the heart not firing in the right order. This happens to approximately ...Read More

Seeking Alpha: Looming Financial Catastrophe: A Real Inconvenient Truth

[Skip to the end] view article jlbIII commented: I know I, for one, hate having to continually get int that time machine to ship all those cars and computers back to 1945 in order to support my reckless grandparents who wracked up such huge debts to pay for WWII. It’s only somewhat ...Read More

Heart surgery update

[Skip to the end] Hi Everyone!, This is Warren B’s daughter, the one in charge of the website. I want to let everyone know what’s going on, and why everything seems so delayed. As you may have read in the ‘Quick update‘ post, Mr Mosler had his heart cut out (a piece ...Read More

A stinging indictment of the financial sector

[Skip to the end] The financial sector facilitates private sector deficit spending that helps sustain output. Without it, the government has to increase its deficit spending to sustain output. Bottom line, all else equal, a less effective financial sector means lower taxes. [top] ...Read More

ME Merchandise

[Skip to the end] Visit the new online shop! ME Merchandise Everything is sold at cost minus labor. :) [top] ...Read More

AFP: Burning up more food for fuel

[Skip to the end] The monetary system will burn up the world’s food supply for fuel until the marginal individual about to starve to death has enough political influence to stop the process. I’m pretty sure that’s not the millionth one to die of starvation. And probably not the ten millionth. As ...Read More