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January 20, 2013
CHINA and Japan are sliding towards war. In the waters and skies around disputed islands, China is escalating actions designed to challenge decades of Japanese control. It is accompanying its campaign with increasingly blood-curdling rhetoric. Japan, says the China Daily, is the “real danger and threat to the world”. A military clash, says Global Times, is now “more likely…We need to prepare for the worst.” China appears to be preparing for the first armed confrontation between the two countries in seven decades
5 months ago
January 18, 2013
So what exactly did the bailout accomplish? It built a banking system that discriminates against community banks, makes Too Big to Fail banks even Too Bigger to Failier, increases risk, discourages sound business lending and punishes savings by making it even easier and more profitable to chase high-yield investments than to compete for small depositors. The bailout has also made lying on behalf of our biggest and most corrupt banks the official policy of the United States government. And if any one of those banks fails, it will cause another financial crisis, meaning we’re essentially wedded to that policy for the rest of eternity – or at least until the markets call our bluff, which could happen any minute now.
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