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*SNIP* The following is the global financial pyramid scheme by the numbers... -$9,283,000,000,000 - The total amount of all bank deposits in the United States. The FDIC has just 25 billion dollars in the deposit insurance fund that is supposed to "guarantee" those deposits. In other words, the ratio of total bank deposits to insurance fund money is more than 371 to 1. -$10,012,800,000,000 - The total amount of mortgage debt in the United States. As you can see, you could take every penny out of every bank account in America and it still would not cover it. -$10,409,500,000,000 -...

[Via Michael Snyder of The Economic Collapse blog} Why is the global economy in so much trouble? How can so many people be so absolutely certain that the world financial system is going to crash? Well, the truth is that when you take a look at the cold, hard numbers it is not difficult to see why the global financial pyramid scheme is destined to fail. In the United States today, there is approximately 56 trillion dollars of total debt in our financial system, but there is only about 9 trillion dollars in our bank accounts. So you could take...

Four years ago, David Axelrod was exuberantly riding the Obama wave. Today, the poor guy sounds decidedly down in the dumps. Check out this line from an email he sent to people on the Obama campaign list: "I don't know how this is going to end. But no matter what, I know each of us will have given this campaign everything we've got." Yikes! Take two Prozac and call me in the morning if you're still trailing by five in the Gallup poll! More after the jump.

Barack Obama has been compared to almost every American President of the last hundred years--favorably to Franklin Delano Roosevelt, John Kennedy, and Ronald Reagan; and unfavorably to Jimmy Carter and George H.W. Bush. I want to put another name in the hat: Herbert Hoover. It might seem ludicrous, or unfair, to compare Obama to one of the most vilified presidents of the last century, but that’s because Hoover’s reputation is largely, or at least somewhat, undeserved--the product of Democratic attacks and Hoover’s own strident responses to these attacks. To his contemporaries, Hoover had been the American most suited to be...