Replies to This Discussion

Permalink Reply by Joan Denoo on June 12, 2012 at 9:52pm

Jedi, first, thanks for catching my spelling error. Fool-hardy it is!

I agree about creating our own communities; I had to end my membership in unhealthy, destructive relationships and burn the bridges behind me. I have never regretted it. 

Perhaps an internet community gives us the kinds of support and encouragement that is so easily weakened by unhealthy traditions and values. I feel inspired by those I have met here and look forward to more possibilities as we progress.  

Permalink Reply by Jedi Wanderer on June 12, 2012 at 8:31pm

Oh yeah, and I found this: http://en.wikipedia.org/wiki/Chartalism

 

I'll have to read through it all when I have more time.

Permalink Reply by Jedi Wanderer on July 28, 2012 at 12:59pm

http://www.huffingtonpost.com/2012/07/20/elizabeth-warren-libor_n_1...

 

Elizabeth Warren: 'Libor Fraud Exposes Rot At The Core Of The Financial System'

  

""The Libor scandal is more than just the latest financial deception to come to light. It exposes a fraud that runs to the heart of our financial system," writes Warren, a long-time Wall Street critic who is running for the U.S. Senate in Massachusetts.

"The Libor fraud exposes rot at the core of the financial system," Warren writes. 

Sixteen major banks, including Bank of America, JPMorgan Chase, and Citigroup, are under investigation for allegedly rigging the Libor, a benchmark interest rate that banks set and use to lend money to each other. It is the basis for hundreds of trillions of dollars' worth of loans and derivatives and its manipulation possibly cost some cities and states millions of dollars.

Matt Taibbi has also pointed out the far-reaching ramifications of the Libor manipulation, telling the news show "Democracy Now!" that "[e]ven the tiniest manipulation downward, when you’re talking about a thing of this scale, would result in tens of trillions of dollars of losses.""

Permalink Reply by Jedi Wanderer on July 28, 2012 at 1:03pm

http://www.huffingtonpost.com/2012/07/22/super-rich-offshore-havens...

 

"Super-Rich Hold Up To $32 Trillion In Offshore Havens"

 

"The study estimating the extent of global private financial  wealth held in offshore accounts - excluding non-financial  assets such as real estate, gold, yachts and racehorses - puts  the sum at between $21 and $32 trillion.

Private wealth held offshore represents "a huge black hole  in the world economy," Henry said in a statement."

Permalink Reply by Jedi Wanderer on August 1, 2012 at 11:40am

Walmart's Stock Surge Reflects Hard Times for the Cash-Strapped

http://www.dailyfinance.com/2012/07/31/walmarts-stock-surge-reflect...

 

"Walmart's numbers are considered bellwethers for the retail industry. But on the other side of the equation, when Walmart sees its earnings improving, the theory goes, it's often because times are tougher for the nation's financially strapped.

 
Walmart's stock surge followed the retailer's healthy first-quarter earnings report.For the most recent quarter, which ended in April, the discounter posted its biggest comparable-store sales gains in three years.

 

Meanwhile, poverty in America is poised to reach its highest level since 1965, the Associated Press reports. The poverty rate is expected to reach 15.7%, up from 15.1% in 2010, according to a survey of economists, think tanks and academics."

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