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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (7384)5/17/2008 6:23:50 AM
From: Real Man  Respond to of 71463
 
Talk about Orwellian.... <GGG>

1.52
"The value of shares in the Louisiana, or Mississippi stock, had fallen very rapidly, and few indeed were found to believe the tales that had once been told of the immense wealth of that region. A last effort was therefore tried to restore the public confidence in the Mississippi project. For this purpose, a general conscription of all the poor wretches in Paris was made by order of government. Upwards of six thousand of the very refuse of the population were impressed, as if in time of war, and were provided with clothes and tools to be embarked for New Orleans, to work in the gold mines alleged to abound there. They were paraded day after day through the streets with their pikes and shovels, and then sent off in small detachments to the out-ports to be shipped for America. Two-thirds of them never reached their destination, but dispersed themselves over the country, sold their tools for what they could get, and returned to their old course of life. In less than three weeks afterwards, one-half of them were to be found again in Paris. The man?uvre, however, caused a trifling advance in Mississippi stock. Many persons of superabundant gullibility believed that operations had begun in earnest in the new Golconda, and that gold and silver ingots would again be found in France"




To: Real Man who wrote (7384)5/17/2008 2:32:59 PM
From: LTK007  Read Replies (1) | Respond to of 71463
 
Lee Adler on The Wall Street Examiner Radio Broadcast talked of yet another the crooks rule the financial world blast of ugly reality.
He said he picked up on what may be a blockbuster item and that is someone is investigating that the Libor Rate being presented to the public is FICTITIOUS.
That the banks and those knee deep in derivatives have colluded to present a phony Libor Rate, and it is actually much higher.
i post this here to see if anyone that reads this can find a confirmation story.

Also Russ Winter noted Fannie Mae, in a blatant "hide the disaster" move , moved 197 billion in "assets" to Level 3.