Finance


This is the introduction to Sacred Economics: Money, Gift, and Society in the Age of Transition, by Charles Eisenstein, courtesy of Evolver Editions/North Atlantic Books and Reality Sandwich. The purpose of this…





In his usual clear, profane manner, Matt Taibbi lays out why Goldman Sachs’s executives must face criminal charges as soon as possible. Via Rolling Stone: America has been waiting for a case…


A Hated Financial Center Is Bouncing Back. How Did They Do It? Two years ago as financial reform was put on the U.S. Congressional agenda, a skeptical Senator, Dick Durbin of Illinois,…


Afraid that the world is collapsing and your hard-earned dollars will soon be worthless kindling? At heart, monetary systems are based upon a shared delusion, so you might as well get empowered…


PennyUPI reports:

MIRA MESA — California man upset with his bank for disallowing his requested refinance said he decided to pay off his $6,500 credit card bill entirely with pennies.

Thierry Cahez of San Diego County rolled 650,000 pennies in plastic, loaded them into crates and drove the lot to his Mira Mesa bank, KABC-TV, Los Angeles, reported.

Cahez was turned away by the bank several times but eventually was sent to a branch with a vault large enough to handle the coins.

Cahez said he opted to pay his credit card bill with pennies because he was turned down for a refinance and for the amount of charges and fees on his credit card, KABC-TV said Tuesday.



In yesterday’s New York Times, William D. Cohan refines what was once a confusing and fringe theory about JP Morgan and HSBC’s involvement in silver market manipulation into a very plausible scenario, tying in the cloak and dagger elements of the story with the currently unfolding class action lawsuits in several states.

Once again, the Xtranormal.com platform is being put to good use to elucidate exactly what’s happening:

Each segment has information that I found useful, especially the fact that there is actually no physical silver left in circulation — nice touch. Part II is here and part III available here.

Part IV is here, and after the creators accidentally deleting the original voices, the bear in the overalls is now sounding strangely like John Lennon.

Another source of information and a more detailed breakdown on basic market manipulation and arbitrage is available here. The site that appears to be the sponsor/creators of the Xtranormal videos silvergoldsilver.blogspot.com is less clear, but has information as well…











It’s about a minute into the clip on one of the background computers. That’s definitely not a financial spreadsheet : ) Lester Haines writes on the Register:

An employee of Sydney’s Macquarie Bank probably isn’t in line for a fat payrise after he was caught on live TV closely analysing something a bit more scintillating than the Lucky Country’s interest rates:

According to net experts, at least one of the photos in question is Orlando Bloom’s squeeze Miranda Kerr. The Victoria’s Secret Angel is a local lass made good, and is rarely seen dressed in more than her underwear, which makes her the pin-up of choice among Sydney’s hardened bankers.


Kathy Kristof writes on CBS Moneywatch: Consumer reporters were all crowing about a 79.99% rate credit card that was launched in response to credit reform a few months ago–collectively horrified that a…