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Blueprint for Government Takeover of IRAs – Posted by Larry Doyle – guest post – has 5 step plan. – Sense on Cents
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Retirement Accounts and Treasury Bonds – America’s Unprecedented Money and Power Grab – Jacob Dreizen – Seeking Alpha
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Bernanke: It’s Not Our Fault – by Peter Schiff – It seems that the primary qualification needed by any chairman of the Federal Reserve is the ability to never admit error, no matter how damning the evidence. During his tenure on the job, Alan Greenspan set the standard for implausible deniability. But in a speech last weekend in Atlanta, current chairman Ben Bernanke did the Maestro one better. In a tortured academic dissertation, Bernanke explicitly denied any Fed culpability for inflating the housing bubble and for the financial crisis that began when it burst. Despite his best efforts, no one seemed particularly convinced. By taking such an absurd stand, he has destroyed any credibility he may have had left. – Euro Pacific
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Voting away your debts – The Iceland saga is a harbinger of crises to come – THERE are many ways to decide whether to repay your debts but a national referendum is surely a first. That is what is going to happen in Iceland after its president refused to sign a bill paying €3.8 billion ($5.5 billion) to the British and Dutch governments over 15 years. – From The Economist print edition
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Steve: The Fed Needs A Leash – Steve Forbes – Steve Forbes reins in the Federal Reserve for its creation of money out of thin air. – Forbes