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April 27, 2010

On Lloyd Blankfein Of Goldman Sachs

While listening to the Chief Executive Officer and Chairman of Goldman Sachs, Lloyd Blankfein, testify before a senate panel today it became apparent that I have never seen anyone so obviously obfuscate, prevaricate and outright lie before a congressional hearing.

Posted by Rick | April 27, 2010 09:21 PM | Just A Thought

April 15, 2010

Hyper-Inflation Is At Our Doorstep

Our economic situation is really no laughing matter. This Congress is spending and the Federal Reserve is printing money just as fast as they can. Right now the largest bank note generally in use in the United States is one hundred dollars. If they keep printing money at the current rate, and sooner than you think, our largest note will have to increase substantially or we will need a wheelbarrel full of money just to buy a loaf of bread. Just ask the people of Zimbabwe what hyper-inflation is like.

Here is a bank note for one hundred trillion dollars currently in use in Zimbabwe (courtesy of capitalistpig.com):

Posted by Rick | April 15, 2010 02:07 AM | Political Science