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WHAT REALLY HAPPENED - ECONOMY http://whatreallyhappened.com/taxonomy/term/73/0 en Alan Grayson and Eliot Spitzer take aim at the Fed http://eclipptv.com/viewVideo.php?video_id=8398 <p>"The Federal Reserve has more power than the CIA" says Alan Grayson on MSNBC.</p> <p><a href="http://whatreallyhappened.com/content/alan-grayson-and-eliot-spitzer-take-aim-fed" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/alan-grayson-and-eliot-spitzer-take-aim-fed#comments ECONOMY Fri, 20 Nov 2009 21:59:33 +0000 portos 46806 at http://whatreallyhappened.com Pound of Flesh http://tshtf.blogspot.com/ <p>Meaning:<br /> Something which is owed that is ruthlessly required to be paid back.<br /> Reap what one sows: as thou hast done, it shall be done unto thee: thy reward shall return upon thine own head." In modern terms; what goes around comes around, aka you get what you deserve.</p> <p><a href="http://whatreallyhappened.com/content/pound-flesh" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/pound-flesh#comments AFGHANISTAN CORPORATE MEDIA COVER-UP/DECEPTIONS/PROPAGANDA CURRENT EVENTS ECONOMY IRAN IRAQ ISRAEL PAKISTAN / INDIA POLITICS/ELECTIONS/CORRUPTION WAR/DRAFT/VETERAN AFFAIRS Fri, 20 Nov 2009 15:07:51 +0000 Forked Tongue 46763 at http://whatreallyhappened.com The Washington establishment suffers a serious defeat http://obamboozled.blogspot.com/2009/11/washington-establishment-suffers.html <p>Something quite amazing happened yesterday in Congress: the House Finance Committee -- in a truly bipartisan and even trans-ideological vote -- defied the banking industry, the Federal Reserve, the Democratic leadership, and mainstream Beltway opinion in order to pass an amendment, sponsored by GOP Rep. Ron Paul and Democratic Rep. Alan Grayson, mandating a genuine and probing audit of the Fed. The Huffington Post's Ryan Grim has the best account of what took place, noting:</p> <p><a href="http://whatreallyhappened.com/content/washington-establishment-suffers-serious-defeat" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/washington-establishment-suffers-serious-defeat#comments ECONOMY POLITICS/ELECTIONS/CORRUPTION Fri, 20 Nov 2009 14:58:37 +0000 poorrichard 46760 at http://whatreallyhappened.com $4.8 trillion - Interest on U.S. debt http://money.cnn.com/2009/11/19/news/economy/debt_interest/ <p>Unless lawmakers make big changes, the interest Americans will have to pay to keep the country running over the next decade will reach unheard of levels.</p> <p><a href="http://whatreallyhappened.com/content/48-trillion-interest-us-debt" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/48-trillion-interest-us-debt#comments ECONOMY TAXES Fri, 20 Nov 2009 14:40:11 +0000 Mike Rivero 46757 at http://whatreallyhappened.com Marc Faber on Bloomberg: Sky Will Be the Limit for Gold Prices 11/18/09 http://eclipptv.com/viewVideo.php?video_id=8392 <p>Part2: <a href="http://eclipptv.com/viewVideo.php?video_id=8393" title="http://eclipptv.com/viewVideo.php?video_id=8393">http://eclipptv.com/viewVideo.php?video_id=8393</a></p> <p><a href="http://whatreallyhappened.com/content/marc-faber-bloomberg-sky-will-be-limit-gold-prices-111809" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/marc-faber-bloomberg-sky-will-be-limit-gold-prices-111809#comments ECONOMY Fri, 20 Nov 2009 14:23:09 +0000 portos 46753 at http://whatreallyhappened.com Goldman Bonuses: An Intriguing Reason Why Treasury Yields Are Going Negative http://www.economicpolicyjournal.com/2009/11/goldman-bonuses-intriguing-reason-why.html <p>The intriguing FT argument is the one regarding Goldman Sachs, Morgan Stanley etc. Now that they are financial holding companies, they will be closing their books in December, so in order to get ready to pay out the billions in bonuses, they are stockpiling the bonuses payouts in T-Bills. I mean, without an obvious crisis, who would accept a negative yield, other than someone ready to cash out in a few days and not wanting to take on any risk, and even willing to accept a negative interest rates for safety and security, before the big pay day comes.</p> <p><a href="http://whatreallyhappened.com/content/goldman-bonuses-intriguing-reason-why-treasury-yields-are-going-negative" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/goldman-bonuses-intriguing-reason-why-treasury-yields-are-going-negative#comments ECONOMY Fri, 20 Nov 2009 13:02:42 +0000 Mike Rivero 46740 at http://whatreallyhappened.com Alan Grayson: "Today Was Waterloo for FED Secrecy," http://www.dailykos.com/storyonly/2009/11/20/806256/-Alan-Grayson:-Today-Was-Waterloo-for-FED-Secrecy <p>This is big news in terms of finally getting somewhere on Auditing the Federal Reserve Bills that currently runs in the form of two bills: One of them is the House bill: RS 1207 with now 311 co-sponsors for the bill, and the other is the Senate bill: S604 in the Senate which now has 30 co-sponsors. </p> <p>Both bills authorizes the Government Accountability Office to conduct a wide-ranging audit of the Fed's opaque deals with foreign central banks and major U.S. financial institutions. The Fed has never had a real audit in its history and little is known of what it does with the trillions of dollars at its disposal.</p> <p><a href="http://whatreallyhappened.com/content/alan-grayson-today-was-waterloo-fed-secrecy" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/alan-grayson-today-was-waterloo-fed-secrecy#comments ECONOMY Fri, 20 Nov 2009 13:01:40 +0000 Mike Rivero 46739 at http://whatreallyhappened.com Florida’s Serious Unemployment Problem http://ncoal.com/blog/?p=931 <p>Just a few days ago it was reported that Florida’s unemployment fund was completely used up back in August. Many thousands of Floridians receiving unemployment would have lost had it not been for a $600 million loan from the federal government...</p> <p><a href="http://whatreallyhappened.com/content/florida%E2%80%99s-serious-unemployment-problem" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/florida%E2%80%99s-serious-unemployment-problem#comments ECONOMY Fri, 20 Nov 2009 12:56:58 +0000 johnu78 46736 at http://whatreallyhappened.com Letter to the Busted World http://whatreallyhappened.com/ <p>I present this in the ongoing struggle to change the hearts and minds of our warmongering neighbors, knowing full well that cooler heads, sharper minds and more eloquent voices than mine have so far been unable to penetrate the thick skin of willful ignorance. "There are none so blind as those who will not see."<br /> <a href="http://tshtf.blogspot.com/2009/11/letter-to-busted-world.html" title="http://tshtf.blogspot.com/2009/11/letter-to-busted-world.html">http://tshtf.blogspot.com/2009/11/letter-to-busted-world.html</a></p> <p><a href="http://whatreallyhappened.com/blogs/forked-tongue/09/11/20/letter-busted-world" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/blogs/forked-tongue/09/11/20/letter-busted-world#comments CURRENT EVENTS DICTATORSHIP ECONOMY WAR/DRAFT/VETERAN AFFAIRS WHITE HOUSE Fri, 20 Nov 2009 12:16:53 +0000 Forked Tongue 46724 at http://whatreallyhappened.com Priceless: How The Federal Reserve Bought The Economics Profession http://www.huffingtonpost.com/2009/09/07/priceless-how-the-federal_n_278805.html <p>The Federal Reserve, through its extensive network of consultants, visiting scholars, alumni and staff economists, so thoroughly dominates the field of economics that real criticism of the central bank has become a career liability for members of the profession, an investigation by the Huffington Post has found.</p> <p><em>Most people are not in on the conspiracy...they're just bought off cheap...with a promotion, a large salary/bonus, status, etc.</em></p> <p><a href="http://whatreallyhappened.com/content/priceless-how-federal-reserve-bought-economics-profession" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/priceless-how-federal-reserve-bought-economics-profession#comments DICTATORSHIP ECONOMY Fri, 20 Nov 2009 07:12:43 +0000 AnnT 46719 at http://whatreallyhappened.com Economists Opposing Fed Audit Have Undisclosed Fed Ties http://www.huffingtonpost.com/2009/11/18/economists-opposing-fed-a_n_362287.html <p>But far from a broad cross-section, the "prominent economists" lobbying on behalf of the Watt bill are in fact deeply involved with the Federal Reserve. Seven of the eight are either currently on the Fed's payroll or have been in the past.</p> <p><a href="http://whatreallyhappened.com/content/economists-opposing-fed-audit-have-undisclosed-fed-ties" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/economists-opposing-fed-audit-have-undisclosed-fed-ties#comments ECONOMY Fri, 20 Nov 2009 04:27:38 +0000 disinter 46714 at http://whatreallyhappened.com AIPAC and 1938 Foreign Agents Registration Act http://finance.yahoo.com/news/AIPAC-Received-Classified-US-bw-1312244653.html?x=0&.v=1 <p>AIPAC Received Classified US Trade Docs from Israeli Embassy - IRmep November 16, 2009<br /> WASHINGTON--(BUSINESS WIRE)--A FBI file reveals the Israeli embassy passed stolen classified US government information to the American Israel Public Affairs Committee (AIPAC).In 1984 Israel and AIPAC jointly lobbied Congress to secure preferential Israeli access to the US market against widespread American industry opposition.<br /> "Under the 1938 Foreign Agents Registration Act (FARA) organizations acting as agents of foreign principals in a political capacity in the US must openly declare their relationships to the FARA registration unit of the Counterespionage Section of the U.S. Department of Justice."</p> <p><a href="http://whatreallyhappened.com/content/aipac-and-1938-foreign-agents-registration-act" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/aipac-and-1938-foreign-agents-registration-act#comments CURRENT EVENTS ECONOMY ISRAEL POLITICS/ELECTIONS/CORRUPTION Fri, 20 Nov 2009 03:33:36 +0000 mytrueword 46713 at http://whatreallyhappened.com Congressman DeFazio: "We May Have To Sacrifice Just Two More Jobs (Summers and Geithner) To Get Millions Back For Americans" http://www.washingtonsblog.com/2009/11/congressman-defazio-we-may-have-to.html <p>"[Obama] is being failed by his economic team ... We may have to sacrifice just two more jobs to get millions back for Americans.</p> <p><a href="http://whatreallyhappened.com/content/congressman-defazio-we-may-have-sacrifice-just-two-more-jobs-summers-and-geithner-get-millio" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/congressman-defazio-we-may-have-sacrifice-just-two-more-jobs-summers-and-geithner-get-millio#comments ECONOMY Thu, 19 Nov 2009 22:36:06 +0000 Mike Rivero 46705 at http://whatreallyhappened.com Congressman Burgess to Tim Geithner - You Should of Never Been Hired http://eclipptv.com/viewVideo.php?video_id=8387 <p><a href="http://whatreallyhappened.com/content/congressman-burgess-tim-geithner-you-should-never-been-hired" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/congressman-burgess-tim-geithner-you-should-never-been-hired#comments ECONOMY Thu, 19 Nov 2009 21:36:42 +0000 portos 46700 at http://whatreallyhappened.com URGENT: Federal Reserve Audit Under Attack http://bytestyle.tv/node/195 <p><object height="344" width="425"><param name="movie" value="http://www.youtube.com/v/2pV4Cn8qXXI&amp;hl=en&amp;fs=1"><param name="allowFullScreen" value="true"><param name="allowscriptaccess" value="always"><embed src="http://www.youtube.com/v/2pV4Cn8qXXI&amp;hl=en&amp;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" height="344" width="425"></object></p> <p>TAKE ACTION HERE:<br /> <a href="http://bytestyle.tv/node/195" title="http://bytestyle.tv/node/195">http://bytestyle.tv/node/195</a></p> <p>Thank you for your continued efforts!<br /> Shelly</p> <p><a href="http://whatreallyhappened.com/content/urgent-federal-reserve-audit-under-attack" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/urgent-federal-reserve-audit-under-attack#comments COVER-UP/DECEPTIONS/PROPAGANDA CURRENT EVENTS ECONOMY POLITICS/ELECTIONS/CORRUPTION VIDEO Thu, 19 Nov 2009 20:09:58 +0000 shellyroche 46692 at http://whatreallyhappened.com 17 Tax Increases in Senate Health Care Bill = $370.2 Billion http://taxprof.typepad.com/taxprof_blog/2009/11/17-tax-increases.html <p>1. 40% excise tax on health coverage in excess of $8,500/$23,000 ($149.1 billion)<br /> 2. Employer W-2 reporting of value of health (negligible revenue effect)<br /> 3. Conform definition of medical expenses ($5.0 billion)<br /> 4. Increase penalty for nonqualified health savings account distributions to 20% ($1.3 billion)<br /> 5. Limit health flexible spending arrangements in cafeteria plans to $2,500 ($14.6 billion)<br /> 6. Require information reporting on payments to corporations ($17.1 billion)<br /> 7. Additional requirements for section 501(c)(3) hospitals (negligible revenue effects)<br /> 8. Impose annual fee on manufacturers &amp; importers of branded drugs ($22.2 billion)<br /> 9. Impose annual fee on manufacturers &amp; importers of medical devices ($19.3 billion)</p> <p><a href="http://whatreallyhappened.com/content/17-tax-increases-senate-health-care-bill-3702-billion" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/17-tax-increases-senate-health-care-bill-3702-billion#comments ECONOMY TAXES Thu, 19 Nov 2009 20:01:09 +0000 Mike Rivero 46690 at http://whatreallyhappened.com Geithner Savaged On Unemployment During Fiery Capitol Hill Hearing http://www.prisonplanet.com/geithner-savaged-on-unemployment-during-fiery-capitol-hill-hearing.html <p>Congressman Michael Burgess scalded Treasury Secretary Tim Geithner during a fiery hearing on Capitol Hill this morning, telling the former New York Fed chief that he should never have been hired and demanding that the TARP program come to an abrupt end, shortly after GOP Rep. Kevin Brady had called on Geithner to resign.</p> <p>“The public has lost all confidence in your ability to do the job,” Brady told Geithner during a heated Joint Economic Committee meeting, adding that he had failed to oversee an economic recovery before asking Geithner, “Will you step down from your post?”</p> <p><a href="http://whatreallyhappened.com/content/geithner-savaged-unemployment-during-fiery-capitol-hill-hearing" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/geithner-savaged-unemployment-during-fiery-capitol-hill-hearing#comments ECONOMY Thu, 19 Nov 2009 19:51:25 +0000 Mike Rivero 46689 at http://whatreallyhappened.com Banks face major commercial real estate storm http://www.reuters.com/article/email/idUSTRE5AH5FM20091118 <p>Sooner or later, office buildings and other commercial real estate financed during the credit bubble will generate hurricane-scale losses for banks.</p> <p><a href="http://whatreallyhappened.com/content/banks-face-major-commercial-real-estate-storm" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/banks-face-major-commercial-real-estate-storm#comments ECONOMY Thu, 19 Nov 2009 19:39:10 +0000 Mike Rivero 46686 at http://whatreallyhappened.com Mortgage delinquencies hit record high http://www.msnbc.msn.com/id/34039065/ns/business-real_estate/ <p>A rising proportion of fixed-rate home loans made to people with good credit are sinking into foreclosure, adding to concerns about the strength of the economic recovery.</p> <p><a href="http://whatreallyhappened.com/content/mortgage-delinquencies-hit-record-high" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/mortgage-delinquencies-hit-record-high#comments ECONOMY Thu, 19 Nov 2009 19:26:12 +0000 Mike Rivero 46680 at http://whatreallyhappened.com Record US poverty, hunger. Real unemployment rate: 22%. "Leadership" ignores obvious solution http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m11d19-Record-US-poverty-hunger-Real-unemployment-rate-22-Leadership-ignores-obvious-solution <p>If a government has useful jobs to do and unemployed workers, the obvious solution is for the government to be the employer of last resort and create fiat currency to pay the workers. The added currency creates higher GDP, negating inflation. Problem solved.</p> <p>Napoleon did it after ten years of chaos from the French Revolution. Germany did the same after their tragic-comic hyperinflation. In both cases, the two economies quickly became the most successful on the planet. Many of America’s brightest minds have argued for government-created currency, including Benjamin Franklin citing direct experience with the prosperity of the Pennsylvania colony with almost zero taxes. Government-created money can be used to directly pay for government goods and services rather than taxes.</p> <p><a href="http://whatreallyhappened.com/content/record-us-poverty-hunger-real-unemployment-rate-22-leadership-ignores-obvious-solution" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/record-us-poverty-hunger-real-unemployment-rate-22-leadership-ignores-obvious-solution#comments COVER-UP/DECEPTIONS/PROPAGANDA CURRENT EVENTS ECONOMY Thu, 19 Nov 2009 19:15:50 +0000 Carl_Herman 46677 at http://whatreallyhappened.com ‘Glitch’ could cut jobless benefits for a million http://www.msnbc.msn.com/id/34020307/ns/business-the_new_york_times/ <p><a href="http://whatreallyhappened.com/content/%E2%80%98glitch%E2%80%99-could-cut-jobless-benefits-million" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/%E2%80%98glitch%E2%80%99-could-cut-jobless-benefits-million#comments ECONOMY Thu, 19 Nov 2009 18:31:24 +0000 Mike Rivero 46668 at http://whatreallyhappened.com Tim Geithner - I Won't Resign http://eclipptv.com/viewVideo.php?video_id=8386 <p><a href="http://whatreallyhappened.com/content/tim-geithner-i-wont-resign" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/tim-geithner-i-wont-resign#comments ECONOMY Thu, 19 Nov 2009 17:09:08 +0000 portos 46657 at http://whatreallyhappened.com New Jobless Claims Match Analysts' Expectations, Unchanged at 505,000 http://www.foxsmallbusinesscenter.com/politics/2009/11/19/new-jobless-claims-match-analysts-expectations-unchanged/ <p>The number of newly laid-off workers seeking unemployment insurance was unchanged last week, remaining above the level that would indicate the economy is adding jobs.</p> <p><a href="http://whatreallyhappened.com/content/new-jobless-claims-match-analysts-expectations-unchanged-505000" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/new-jobless-claims-match-analysts-expectations-unchanged-505000#comments ECONOMY Thu, 19 Nov 2009 16:22:32 +0000 Mike Rivero 46648 at http://whatreallyhappened.com Your congressman's padded retirement plan http://www.washingtonexaminer.com/opinion/columns/Your-congressman_s-padded-retirement-plan-8551967-70368302.html <p><a href="http://whatreallyhappened.com/content/your-congressmans-padded-retirement-plan" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/your-congressmans-padded-retirement-plan#comments ECONOMY Thu, 19 Nov 2009 16:00:44 +0000 Mike Rivero 46637 at http://whatreallyhappened.com Obamacare A Bonanza For Drug Companies, A Pain For the Public http://obamboozled.blogspot.com/2009/11/obamacare-bonanza-for-drug-companies.html <p>President Obama is very good at talking “the language of the deal.” He made a deal with the the drug cartel this summer, ostensibly to keep drug prices down to reduce the overall cost of health care. The drug companies promised they would cut the prices they planned to charge by about $8 billion a year for the next ten years. Now an analysis for AARP shows the drug profiteers have actually raised prices by more than $10 billion in the last year, an increase of more than 9 percent and the biggest price hike in 17 years.</p> <p><a href="http://whatreallyhappened.com/content/obamacare-bonanza-drug-companies-pain-public" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/obamacare-bonanza-drug-companies-pain-public#comments ECONOMY SCIENCE/HEALTH/CLIMATE/NATURE Thu, 19 Nov 2009 15:44:26 +0000 Mike Rivero 46632 at http://whatreallyhappened.com Bernanke 2005-2007 a video compilation - "I Have Confidence in Bank Regulators and There’s No Bubble in Housing" http://snardfarker.ning.com/video/bernanke-20052007-a-video <p><a href="http://whatreallyhappened.com/content/bernanke-2005-2007-video-compilation-i-have-confidence-bank-regulators-and-there%E2%80%99s-no-bubble" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/bernanke-2005-2007-video-compilation-i-have-confidence-bank-regulators-and-there%E2%80%99s-no-bubble#comments ECONOMY Thu, 19 Nov 2009 15:23:36 +0000 Mike Rivero 46627 at http://whatreallyhappened.com 1 million jobless face benefits loss in January http://money.cnn.com/2009/11/18/news/economy/Unemployment_benefits/ <p>One million people could lose unemployment benefits in January if Congress doesn't extend federal aid, according to a report released Wednesday.</p> <p>The report is likely to turn up pressure on lawmakers and the president, who earlier this month enacted a record-long extension of federally paid benefits. But the law only helps those who exhaust their lifelines by year's end.</p> <p><a href="http://whatreallyhappened.com/content/1-million-jobless-face-benefits-loss-january" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/1-million-jobless-face-benefits-loss-january#comments ECONOMY Thu, 19 Nov 2009 15:01:33 +0000 Mike Rivero 46623 at http://whatreallyhappened.com 32% Inflation in UCLA Tuition Causes Near Riots (14 Arrested, 1 Tasered) http://eclipptv.com/viewVideo.php?video_id=8384 <p><a href="http://whatreallyhappened.com/content/32-inflation-ucla-tuition-causes-near-riots-14-arrested-1-tasered" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/32-inflation-ucla-tuition-causes-near-riots-14-arrested-1-tasered#comments ECONOMY Thu, 19 Nov 2009 14:42:05 +0000 portos 46618 at http://whatreallyhappened.com Peter Schiff explains Obama's false Chinese policy http://eclipptv.com/viewVideo.php?video_id=8383 <p><a href="http://whatreallyhappened.com/content/peter-schiff-explains-obamas-false-chinese-policy" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/peter-schiff-explains-obamas-false-chinese-policy#comments ECONOMY Thu, 19 Nov 2009 14:37:56 +0000 portos 46617 at http://whatreallyhappened.com Well-Written, Well-Timed: The Dollar Meltdown http://www.dollarcollapse.com/iNP/view.asp?ID=115 <p>America’s national government has moved way beyond a political spoils system. A spoils system leaves the host alive so that a politician’s occasional ne’er-do-well brother-in-law can be put on the payroll. America has become a piñata: everybody gets a crack at it. Presidents and other elected officials pass the big stick around as a reward to those who help keep them in charge of the piñata party. The American media plays the role of the party’s mariachi bank, keeping festive spirits high. And the people in their demographic and interest groups all line up to take a whack at the goodies. America has become a piñata.</p> <p><a href="http://whatreallyhappened.com/content/well-written-well-timed-dollar-meltdown" target="_blank" title="with WRH comments">WRH permalink</a></p><hr><br> http://whatreallyhappened.com/content/well-written-well-timed-dollar-meltdown#comments ECONOMY Thu, 19 Nov 2009 12:38:15 +0000 poorrichard 46607 at http://whatreallyhappened.com