The Creation of the Second Great Depression

by Ron Paul
by Ron Paul
Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike.
The events of the past week are no exception.
The bailout package that [...]

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Are the Banks Faking a Liquidity Crisis?

I previously pointed out that when the Japanese government threw cash at their big banks in the 90’s, the banks just horded the money instead of using it to restore “liquidity”.
Well, a professor of economics and an expert in liquidity now hints that the entire liquidity “crisis” might be a hoax.
Bloomberg quotes the good professor:
 
“I [...]

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DrumBeat: September 27, 2008, Oildrumbeat.com

DrumBeat: September 27, 2008
Posted by Leanan on September 27, 2008 – 10:31am
Gas shortages: get ready for more: The long lines and closed pumps seen across the South this week are a warning: inventories are way too low
…In its most recent Weekly Oil Data Review, Barclays Capital pointed out that the U.S. gasoline inventory has reached [...]

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Blaming the Victim: The Free Market

by Gary North
The economy is in a recession. The bugaboo word, “depression,” is at last being used by high-level officials, economists, and talking heads on TV. This is the first time in my lifetime that people of influence have used the word, except in this sentence: “A depression is no longer possible because of central [...]

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