Post from greshambouma at CHUM.LY

It's taken almost two centuries for bankers to pull the wool over Americans' eyes, but today you and I are working for intrinsically worthless paper that can be created by bureaucrats — created without sweat, without creative ability, without work, without anything but a decision by the Federal Reserve. This is the disease at the base of today's monetary system. And like a cancer, it will spread until the system ultimately falls apart. This is the tragedy of the great lie. The great lie is that fiat paper represents a store of value, money of lasting wealth.- Richard Russell
http://chum.ly/n/4dae75

Global bond rout deepens on US fiscal worries - Telegraph

US debt beginning to get a little of the spotlight. Foreign governments, financial experts, even the always blindly optimistic debt rating agencies are concerned. Remember, destroy your currency and you destroy commerce. How long could we muddle along without any oil imports?

   

http://www.telegraph.co.uk/finance/economics/8190059/Global-bond-rout-deepens-on-US-fiscal-worries.html

http://chum.ly/n/4d3ed1

adn.com | Hungry wolves spark fear in Southwest Alaska village

Just remember that wolves only kill the sick and the old, so just look healthy and young and they will maybe just nibble.

   

http://www.adn.com/2010/12/07/v-printer/1593046/brazen-hungry-wolves-spark-fear.html

http://chum.ly/n/4d225a

Walker's World

Every time the market demands strong medicine, the central planners intervene to mask the symptoms, feeding the disease and rolling all the problems into one big event.

  The euro's endgame -  www.upi.com:  www.upi.com/Top_News/Analysis/Walker/2010/12/06/Wa...34460 http://chum.ly/n/4c55dd

J.P. Morgan Getting Squeezed In Silver Market? (SLV, JPM)

Can anything good come out of San Francisco? Just another Black Swan event.

   www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/12/...5.DTL http://chum.ly/n/4c5397

Mounting Debts by States Stoke Fears of Crisis - www.nytimes.com

Insolvent states, to go along with insolvent households, nations and corporations carrying too much debt. But don't worry the American tax-payer can rescue them all.

   www.nytimes.com/2010/12/05/us/politics/05states.ht...mc=a2 http://chum.ly/n/4c09e6

Post from greshambouma at CHUM.LY

If the old economic law, "There is no such thing as a free lunch", is true then none of the stimulus programs will work since they all rob some part of the private sector. The only recovery will be in government spending while the sustainable, job producing, wealth creating sector is finished off. Don't tell me that all our highly educated manipulators at the federal level are doing this by accident. http://chum.ly/n/4b958e