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Thanks for posting. I went to the source and posted the article on digg.com
Small businesses cannot get commerical paper against recievables and the banks are taking the money normally given to them and buying treasuries, thereby acting as another buyer for our debt instead of the Chinese. To me this is a "circle" if you get my drift....
This will kill many small businesses. One of my gnomes who knows bankers notes that if this Xmas season is not good, many retailers still with lines of credit will not get more. Meaning even more failures in the post January time frame.
This is so stupid from an Econ/Accounting perspective it has to be planned to destroy the economy, I can come to no other conclusion.
Hmm... I see how this one plays out.
Obama has lost middle America, but he needs 2 voting blocks that got him in office to help keep his Congress and Senate, College Kids and Inner City Minorities. They are not jazzed enough to vote, they need a job, which he has done nothing to foster until now, he had to keep them hungry, they are desperate for a savior, kind of like what "Glenn" has warned us about....
Give them an SEIU energy efficiency technican's job from the money from the Stimulus plan. Go to the inner cities, Insulate, caulk, maybe even tune up some furnances. Thousands of these positions if not hundreds of thousands....
This is best Chicago walking around money plan ever devised, and it was given to him and it is out in the open...
For anyone interested Tom Woods will be speaking in Minneapolis Wed. evening
Young Americans For Liberty Presents: Thomas E Woods
http://www.facebook.com/event.php?eid=221754158997
And here is an excellent video by Mr. Woods
Smashing Myths and Restoring Sound Money
http://www.youtube.com/watch?v=HAzExlEsIKk&feature=sub