MONEY: Ditch dollar movement?

U.N. panel says world should ditch dollar
Wed Mar 18, 2009 11:16am EDT
By Jeremy Gaunt, European Investment Correspondent

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LUXEMBOURG (Reuters) – A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar.

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The end of the US Dollar as the World’s reserve currency? That would be unbelievable. “Everyone” said that it could never happen! SO, what happens when it does? Are we on the road to being like Zimbabwe?

Why are we still funding the UN. We should ditch them!

Gold and silver — the Dead Old White Guys were right — The Palladium rounds (i.e., medallions — the Gooferment gets mad if you call them coins. But thy look like coins to me.) at about 300$/oz seem like a bargain. Rarer than Platinum at 1200$/oz.

But, plan for a Carter-like inflation; did you see Carter visited the Obama White House yesterday. Why? To get advice on how to print “Whip Inflation Now” buttons?

Will Obama on Leno distract everyone with how incredibly screwed we are? And what a good guy he is personally.

Humbly, I think he’s drowning us in the deep end of the pool while he tries to distract us. Ain’t gonna work. At least, I’m not distracted as to what this means to us low fixed income folks. I hope it’s not distracting the People or you.

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RANT: 90% taxes on employee bonuses

March 19, 2009

The House voted 328-93 to approve a bill imposing 90% taxes on employee bonuses from firms bailed out by taxpayers.

The bill would tax bonuses paid by firms that received more than $5 billion from the TARP. The Senate is working on its own plan to try to recoup bonuses.

The House bill is a response to the furor over millions in retention bonuses paid by AIG.

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Can anyone say “Bill of Attainder”?

If these bozos would actually read what they vote on, then they wouldn’t have to have this pretend outrage!

Don’t forget all the Hollywood, Education, and Sports types?

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POLITICAL: What would Gandhi, MLK, or Jefferson do?

A Look at the Jury System and Our Participation in It by Graham Dugas

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Jury trials are one of the non-violent ways our republic still affords us to resist evil. Use it to the full. We may get a proud feeling as we are giving the judge a righteous civics lesson but that is not the goal. The goal is to get to a place (the jury) where you are the “decider.”

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Yup, sneak on a jury and hang it. Personally, unless the defendend aggressed against someone, you should hang on general prinicples.

Throw “sugar” in the gooferment’s “gas tank”.

What would Gandhi, MLK, or Jefferson do?

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