Leftfield

Debt-Based Positions: The Great Mirage

Excellent points, thanks.
Remember that even with "full ownership" of real estate, taxes and other state and municipal extractions are a large, growing and threatening burden.
Pfizer is leaving New London, CT., after winning their eminent domain case in the Supreme Court that gives government wide latitude to seize property. They leave behind a swath of vacant and leveled former homes and businesses.

Getting Out of the Debt Crisis: Just Renounce It

Good explanation of why the powers that be won't find a way to relieve Main St. Henry Ford paid $5/day when that was great pay because workers need to have money to spend. I don't find solace in the games played by Wall St. and Washington to relieve the biggest players. I don't see how leadership that has already taken a higher slice of income and wealth than ever, that now rewards itself further at taxpayer expense for failure, will suddenly share it's good fortune.

It's Time for the Fed to Get Serious - Barron's

Happysoul77777 thinks banks using liquidated prices is a problem. I guess that refers to mark to market. Funny, when those went straight up the execs getting the bonuses from the inflated profits weren't complaining.

I see the power of the bank lobby mentioned above. Ya think? By the way, remember Elliot Spitzer? He got removed just before all this really hit the fan, but it was imminent no doubt to insiders. He would have been a great center for revolt against these banksters except for bad judgement. Or, was that a setup backed by threats?