The Banking Revolution That Would Wipe Out Britain’s (and the US’s) Debts

This is not a radical idea though many will try to characterize it as such. 100% reserves for banks is actually quite a “conservative” idea.

With 100% bank reserves the credit addicts will scream and holler. The bankers will scream and holler. (Often they are one and the same.) Our economy however would be healthier.

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Obama’s Fiscal Cliff Deal Gifts to Big Business More than Tax Revenue Raised with New Taxes?

If you don’t know already the fiscal cliff deal done earlier this week is full of tax credits to big businesses of all sorts. That’s bad enough, but it appears that the money going to these businesses is actually more than what the new taxes will raise.

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“Good” Politics: The Government Redefines Poverty (In a way in which poverty likely will NEVER be “reduced”)

 The federal government has just decided that poverty for family of 4 in New York City means an income of up to $37,500, not $22,500.  Quite a leap. As before, the figure excludes earned income tax credit cash checks from the government and also medical and other non-cash assistance.

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War, and Rumors of War?*

It is a sad fact that when the world economy goes into a nasty tailspin, especially for extended lengths of time, war often accompanies the economic chaos.

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