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The Fed Protects Gamblers at the Expense of the Economy

Ellen Brown Truthdig
from of Federal Reserve building The repo market is a fragile house of cards waiting for a strong wind to blow it down, propped up by misguided monetary policies that have forced central banks to underwrite its highly risky ventures.

Argentina Wants to Continue Paying its Debts But They Won't Let It

Republic of Argentina
The vulture funds that secured a ruling in their favor are not original lenders to Argentina. They purchased bonds in default at obscenely low prices for the sole purposes of engaging in litigation against Argentina and making an enormous profit.

Tidbits - January 2, 2014

Portside
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