Sunday, January 23, 2011
Jim Rogers: Not Just China, Everyone Worry About US Dolla
Click this link ..... http://revolutionarypolitics.tv/video/viewVideo.php?video_id=13626
Accounting Tweak Could Save Fed From Losses
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Concerns that the Federal Reserve could suffer losses on its massive bond holdings may have driven the central bank to adopt a little-noticed accounting change with huge implications: it makes insolvency much less likely.
The significant shift was tucked quietly into the Fed's weekly report on its balance sheet and phrased in such technical terms that it was not even reported by financial media when originally announced on Jan. 6.
But the new rules have slowly begun to catch the attention of market analysts. Many are at once surprised that the Fed can set its own guidelines, and also relieved that the remote but dangerous possibility that the world's most powerful central bank might need to ask the U.S. Treasury or its member banks for money is now more likely to be averted.
"Could the Fed go broke? The answer to this question was 'Yes,' but is now 'No,'" said Raymond Stone, managing director at Stone & McCarthy in Princeton, New Jersey. "An accounting methodology change at the central bank will allow the Fed to incur losses, even substantial losses, without eroding its capital."
Oklahoma First Grader Suspended For ‘Offensive’ Hand Gesture
An Oklahoma boy got in trouble during an assembly at Parkview Elementary when he made a simple hand gesture. No, not that one. The first grader just made the childhood symbol for a gun, pretending he was shooting. This is something we, at least guys, have always done. My kids make the gesture hundreds of times a day — like a nervous tick.The boy was placed on in-school suspension and threatened with more severe punishment should he repeat the gesture.
Things have changed since I was kid. Schools are trying so hard control every aspect of our childrens’ lives. No longer is youthful exuberance an valid excuse for behavior. Kids today are expected to fall in line or they will receive stern punishment. The general message is to submit to authority.
Read more artilces at infowars.com
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