Anti Oligarch's Blog – August 2009 Archive (3)
As Budget Deficit Grows, So Do Doubts on Dollar
That's why we've been hearing about Weimar republic, there's one very important difference, I'm sorry to say, that this time the concentration camps are set up on our side of the pond.
--AO
LONDON -- The U.S. economy may be showing… Continue
Added by Anti Oligarch on August 26, 2009 at 7:32pm — No Comments
America: Days Away From Economic Chaos?
A plethora of bank failures has depleted the FDIC reserve fund from $52.8 billion in 2008 to $13 billion in the 1st Quarter of 2009. (See chart below)
Alison Vekshin, writing for Bloomberg, indicates.
"The failure… Continue
Added by Anti Oligarch on August 24, 2009 at 1:00pm — 2 Comments
A parable of sorts
The year is 1823. Nathaniel Burrell, sheep farmer, has stumbled upon a method for duplicating sheep. To cut a long story short, after years of essentially random cross-breeding he now can produce new sheep on demand at no cost. A quick twist of the tail of one of his miraculous cross-bred sheep and you’ve got a brand new one, just the like the old… Continue
Added by Anti Oligarch on August 23, 2009 at 10:14am — 1 Comment
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