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Unpleasant Truth

"To most of us nothing is so invisible as an unpleasant truth. Though it is held before our eyes, pushed under our noses, rammed down our throats--we know it not." -- Eric Hoffer (1902-1983) American author, philosopher, awarded Presidential Medal of Freedom. If something smells funny then that is an indication that there is something wrong with something you are not seeing. Wake up, and look deeper.

Friday, June 18, 2010

Market is Nuts!


Remember the Flash Crash?...It's still going on...

Text of report.
Notional amounts of derivatives held by federally insured banks have risen to more than $200 trillion.
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Labels: economy

Wednesday, June 2, 2010

Rachel Maddow revisits the 1979 Gulf oil spill

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Labels: Hidden history
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We have a system that is overloaded with counterfeit stock, mortgages, treasuries, and credit default swaps.

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