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Jesse's Café Américain

“The matter is quite simple. The bible is very easy to understand. But we Christians are a bunch of scheming swindlers. We pretend to be unable to understand it because we know very well that the minute we understand, we are obliged to act accordingly. Take any words in the New Testament and forget everything except pledging yourself to act accordingly. My God, you will say, if I do that my whole life will be ruined. How would I ever get on in the world?" Søren Kierkegaard

09 October 2010

Robert Reich: Aftershock





Posted by Jesse at 9:51 PM
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LE CAFÉ AMÉRICAIN

LE CAFÉ AMÉRICAIN

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In him was life, and that life was the light of all mankind.

Matières à Réflexion

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  • Fed Intervenes In Overnight Lending and Why
  • GC Repo Rate Collapses to 0% in Squeeze and Pump
  • The Fed: Far Too Little, Far Too Late
  • Shale Oil Has Changed Dynamics of US Oil Market
  • Navy Confirms Videos Showing Purported 'UFOs' Are Real
  • Trump Admin Fumbling Their Narrative for War in Iran
  • Assange the Most Important Political Prisoner
  • Demagogic Populism Not the Answer to Neoliberal Fascism
  • Trump's Deference to Saudis Infuriates DC
  • Europe's Top Rights Court Condemns Russia over Magnitsky
  • Decade After His Death Magnitsky Beats Russia in Court
  • LBMA Director and JPM Managing Director Rigged Metals
  • RIP Cokie Roberts
  • Will Jamie Dimon Finally Lose His Job Over Racketeering
  • Overnight Repo Rate Takes Off
  • Wilkerson: Bolton Out But NeoCon Agenda Stays
  • Trump To Give $40 Billion Break to Banks Over Derivatives
  • US Says JPM Metals Desk 'Criminal Enterprise' for Decades
  • WeWork IPO Money Trail Leads To JPM's Doorstep
  • JPMorgan Traders Arrested For Massive Gold Manipulation
  • Sanders: Big Pharma's Transgressions Killing People
  • Oxycontin Drug Kings Declare Bankruptcy
  • China Calls For Stronger Russian Ties
  • Hedges: Our Invisible Government
  • Rothschilds and the History of the London Gold Fixing
  • Snowden Interview In Der Spiegel
  • Taibbi: Latest Russian Story Looks Like Elaborate Deception

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Need Little - Want Less - Love More

The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.

"In the Incarnation the whole human race recovers the dignity of the image of God. Thereafter, any attack even on the least of men is an attack on Christ, who took on the form of man, and in his own Person restored the image of God in all. Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind." Dietrich Bonhoeffer

LET US COMMEND OUR PAST TO HIS ABUNDANT FORGIVENESS, AND TRUST OUR FUTURE TO HIS KINDNESS AND TENDER MERCY. LET US PERMIT OURSELVES TO BE FASHIONED ACCORDING TO HIS WILL, NOT FOR HIS SAKE, BUT FOR OURS. REMEMBER TO FEED THE LEAST OF HIS CREATURES, THE BIRDS AND ANIMALS. AND THE HEARTS OF THOSE YOU MEET, WITH A KIND WORD AND A SMILE.

"A credibility trap is when the managerial functions of a society have been sufficiently compromised by corruption so that the leadership cannot reform, or even honestly address, the problems of that system without implicating a broad swath of the powerful, including themselves.

The moneyed interests and their aspirants tolerate the corruption because they have profited from it, and would like to continue to do so. Discipline is maintained by various forms of soft financial rewards and career and social coercion."

These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflection on general macro financial and economic events and trends.