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  1. Confidence and Delusion Part II

    by , December 31st, 2011 at 01:05 PM (Rob Garbin's Blog)
    A sad facet of the debt based economy we have created is the ability to buy and sell debt to other parties. Again, this was a program created to help sell more products by having investors with money buy debt off the books of banks at a discount rate in hopes of making a profit off the remaining interest paid on the debt. The banks get more money to lend along with some of the profit and the investor gets the difference in profit from what they paid the bank and the total repayment of the debt ...
  2. Nasa, get your head out of your...

    I know I am going to piss people off here, but this needs be put out there. Many people are upset that the moon program has been shelved, but I say it was the right choice. First off, I love the exploration of space as much as anyone, but this is unfortunately the cost of our greed and gullibility. In the end, Wall Street is to blame for the loss of this program, not the president.

    However, this is not the point of this post. My point is that instead of crying about what ...

    Updated May 1st, 2010 at 07:55 AM by Gkarlives

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