There is absolutely nothing the tax payer can do to stop these past errors in judgments nor can they do anything about this situation now. Why—-because the County does not have the moxie to sue the bank for out right deception and misrepresentation, these types of deals happen across the country to almost every municipality […]
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Posted in Economy on Jan 26th, 2012 5 Comments »
Does anyone know what is going on—not after reading this article? (see link)
From the article;
“Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing the nation’s economy could pull off a “soft landing” from falling home prices. Three months later, Bernanke had begun to grasp that he and others had […]
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“Has the great short seller gone soft? Well, yes. Sitting in his 33rd-floor corner office high above Seventh Avenue in New York, preparing for his trip to Davos, he is more concerned with surviving than staying rich. “At times like these, survival is the most important thing,” he says, peering through his owlish glasses and […]
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Supreme court chief justice John Marshall (1819) wrote:
“The power to tax is the power to destroy; in that the power to destroy may defeat and render useless the power to create;…”.
The tax-limiting effects of Article 1 Section 8 of the Constitution seemingly were nullified with passage of the Sixteenth Amendment in 1913. It must be […]
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Capitalism—-one form of economic systems and it is just that, a system. The standards injected into that system are coming to capitalism from another source. Those sources will give capitalism its moral and ethical boundaries, how it will be run. Capitalism could never be said to force morals or ethics onto the greedy person who […]
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Porter Stansberry of Baltimore, Maryland writes in his “Investment Advisory” newsletter Dec. 2011——“The Corruption of America” being the feature article. I would recommend you Google the newsletter and try to find the article. The article is 15 pages long giving Mr. Stansberry plenty of ink to give his readers the details and explanation as to […]
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Posted in Economy on Jan 5th, 2012 23 Comments »
By losing it, I mean our technology and intellectual competitiveness! Word is out that Kodak might file for bankruptcy if they don’t get their stock value up in the next six months and they might even be taken off the market! A friend of mine is a key scientist and inventor who is occasionally hired by […]
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Posted in Economy on Dec 29th, 2011 1 Comment »
The percentage of our society that actually produces wealth is very small, probably less than 20%! The rest are students, retirees, politicians, welfare recipients and “support” workers. Support workers are people that produce nothing but are still making a paycheck. Many are in government and the private sector. Some of these are lawyers, planners, engineers, […]
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The below article comes from Larry Edeleson’s electronic newsletter——I get every day. The dollar now has competition something that is sure to cause trouble for it and Uncle Ben—to say nothing of the citizens of USA.
Quoted article;
“Amazing, but now our country’s most successful company ever, Apple, just announced that it will begin accepting payment in […]
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In The Bethlehem Press local paper Bethlehem Pa. November 30, 2011; Doug Graves article “District down to 3 swaps” had this to say. (Page A12)
“According to Bethlehem Area School District financial advisor Scott Shearer, BASD has only $100 million left in three swaps”
“Speaking to the BASD finance committee at its Nov 14th meeting, Shearer told […]
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