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Georgia - Florida, and Urban’s Way: Unnecessary Fussin’

This week is the World’s Largest Outdoor Cocktail Party; go spit, SEC, that’s what it’s called, and I don’t even drink. Before I get into what’s on my mind, a little refresher for those of you insensitive enough not to keep up with such heady affairs. Last year, in an effort to get the Bulldogs [...]

28Oct2008 | John | Comments Off | Continued
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The Root of the Problem, Counterfeit Debt

In other posts, I have written long expositions of why we are in a financial crisis. I have decided to write several short posts on the subject as well.
The root of the problem is counterfeit money. I’m sure that’s a statement worthy of a double take for most people, but it is true.
In today’s world, [...]

26Oct2008 | Ray | Comments Off | Continued
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The Moment of Truth Approaches

Please note: the case for why I believe the following is laid out thoroughly here , here , and then here .
Well, I think the financial crisis is about ready to really get started.
So far, every government response to the crisis has been to make it worse, along with taking on debt. Taking on debt [...]

22Oct2008 | Ray | Comments Off | Continued
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A Worrying Development

It seems that banks are now so afraid that their counterparts are insolvent, that they are not accepting letters of credit from other banks. This is a bit like a bank refusing to cash a check because the check draws on the account of another bank.
This is bad, because letters of credit are used as [...]

10Oct2008 | Ray | Comments Off | Continued
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Credit Default Swaps: Another Part of the Puzzle

Something I have not spoken about, because I considered it tangential to the root cause of the current problems with the financial system , is the role of Credit Default Swaps. Although the real problem is that people essentially counterfeited money, credit default swaps were sometimes used as part of this process.
A credit default swap [...]

5Oct2008 | Ray | Comments Off | Continued
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The Economy. Where we are, why we’re here, and the future. (PART 1)

Where are we, why are we here, and what will happen? This post is my attempt to answers these questions as simply as I can. I have broken this post into three parts for ease of presentation.
This post will link to several other posts that will expand on a point. I will add links as [...]

2Oct2008 | Ray | Comments Off | Continued