BOA Sues — Itself

“Whom the gods would destroy, they first make mad.” — ancient proverb Bank Of America Sues Itself In Unusual Foreclosure Case WASHINGTON — Bank of America is suing itself for foreclosure. “It’s crazy,” housing data analyst Michael Olenick told HuffPost. “They shouldn’t be suing themselves.” Over the past two years, the nation’s largest banks and …

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Why Socialism Never Lasts

Centralized welfare systems are necessarily run by a bureaucratic leadership that cannot master the knowledge needed to manage a complex society. By ALBERTO MINGARDI European Central Bank President Mario Draghi told The Wall Street Journal last month that the “European social model has already gone.” If his fellow Europeans have read Friedrich Hayek, they would also …

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QE3?

Wall Street investment bank Goldman Sachs believes the Fed will do another round of quantitative easing. Goldman said there is a case to be made for the Fed to announce further easing at its next meeting in April, since that is just ahead of the expiration of the Operation Twist program. Later this week, attention …

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Short and brilliant

This is short and brilliant.   Milton Friedman Interview with Phil Donahue on Capitalism   It hits the nail right on the head as regards today’s political debate http://dauckster.posterous.com/a-31-year-old-video-clip-absolutely-worth-you

Buy Silver

Physical Silver Yes, Speculation No By Israel Friedman http://news.silverseek.com/TedButler/1153245360.php   (This very bullish opinion was written by silver enthusiast Israel Friedman, age 73, a friend and mentor to Theodore Butler. Mr. Friedman has owned and studied silver for 30 years.) I hope that the sell-off in the metals made you think about the way you perceive …

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