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Markets are constantly in a state of uncertainty and flux and money is make by discounting the obvious and betting on the unexpected. - George Soros

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Entries Tagged ‘Attrition’

“But like it or not, financial services companies power the U.S. economy, “

What a crock of bank-purchased BS.
Financials leech off the economy so they can collect bogus interest on counterfeit paper. They don’t contribute a single real product, they are parasites on productivity. An economy functions better without complex financials, that has been proven and re-proven countless times over the course of history. The Industrial Revolution [...]

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The solution to our economic crises:

1) Eliminate the Federal Reserve and the National Debt owed them based on conspiracy to defraud the United States of America
2) Reaffirm, by Congressional Resolution, Article I, Section 8 of the US Constitution - The Federal Reserve is expressly Unconstitutional and shall never rear its head on this Land again
3) Temporarily honor Federal Reserve [...]

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General Motors swings to a massive second-quarter loss

GM swings to massive second-quarter loss
By Shawn Langlois, MarketWatch
Last Update: 8/1/2008 7:45:00 AM
SAN FRANCISCO (MarketWatch) — General Motors Corp., scrambling to right-size its
operations and shift production toward smaller cars, reported Friday another
massive loss as customers’ shift away from its profitable truck and SUV lines
gathered momentum.
Before the bell, GM (GM) said it swung to a second-quarter [...]

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