7.77 trillion dollars is alot of money...

7.77 trillion dollars is alot of money... and that amount is in this bloomberg story:

http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-congress-gave-banks-13-billion-in-income.html

Basically the story describes how the extent of international bank bail-outs was hidden from congress, the senate, the american people and the countries the international banks call "home".

Had the truth been disclosed in 2008/2009/2010 then these banks deemed "too big to fail" would not have become bigger as they are now.

I see no problem protecting people's accounts, the front line workers, the computers and the underground server rooms whilst wiping out the ivory / glass towers and slowly selling off bits and pieces of these banks to other banks that were punished for prudent banking practices. ie. as the story states they were punished for being successful. Something that hits close to heart in my personal life.

Science versus God is an intersting subject...

To wit:

global waRMing then climate change they taKe the temperTURE arounds me and find it's 5 degree warmer.

Austerity Measures are about to kick in...

Austerity Measures are about to kick in... in Greece, Italy and Alberta with the cancellation of the "Keystone XL" pipeline.

The markets pressed for Austerity measures in Greece and Italy. But it's a little counter intuitive because Government spending in those two countries probably account for 30% of GDP. Plus let's not forget "spin off" industries and so called "multiplier effect of 30 to 1" with government spending. Whether Austerity is timed right or wrong is of little importance because it had to come at some time. What markets have to brace for is the ramifications of Government spending draw backs.

Obviously the "Piigs" will spend their now frugal budgets on their people and force cutbacks at the state, county and city levels for things like new cars, computers and hilti concrete bits.

The recommended actions of 2008 were not taken to heart and the great depression will continue on. 10 times more homeless the next 18 months.

Palestine should be a state says UNESCO...

Palestine should be a state says UNESCO... and Obama withdrew 70 million dollars in funding to UNESCO because he was pissed off. Steven Harper (Canada) might do the same because he's an Obama "mini-me" and extremely pro-Israel ("oh you shagged me".

Let's let the internet decide. Wireclub, Facebook, Yahoo, MySpace, etc. can create 2 clubs "Palestine should be a state" and "Palestine should not be a state". People can join the clubs and give the reasons why they joined. The media can report on this. It's a win-win-win. The politicians in the G-20 who voted against Palestine will eat hay. (Or whatever the cliche is).

As far as Greece goes don't working. I can fix any system including the banking - government - media - derivatives (whatever) system. You've seen my posts on war. "Business is war".