LiveJournal - or - DeadJournal?

[htpcl.livejournal.com]

Hi again, you bunch of pissed off whiners LJ-ers who want nothing more but to get back to normal LJ services! I hope this post will pass through the LJ sieve as there seems to be a limit for the length of posts lately (see below). Anyway, if it doesn't post I'll cut the first half shorter and the second I'll post as a first comment - which I suggest that you do too when you make longer posts (yay, we Bulgarians are so cunning!). So I'll try to make this follow-up update as concise as possible. Your daily scan through the Russian press found this:

( Some of the latest articles concerning LJ )

(no subject)

[gunslnger.livejournal.com]

GAO audit report shows Federal Reserve issued $16 trillion during recession, Sen. Sanders urges reform

The Eye Popping Fed Audit

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses...

Bernanke Secretly Gives away Sixteen Trillion Dollars

Take a look at that number. $16 trillion. That's money that didn't exist in the treasury. It was created in order to be loaned out.

The GDP of the United States is $14.12 trillion, the entire national debt of the United States government spanning its 200 plus year history is $14.5 trillion. The budget that is being debated in Congress and the Senate is $3.5 trillion.

Now we can see why the Fed resisted any kind of audit so strongly. I think the last article makes a good point; the debate about the debt ceiling is largely irrelevant and a distraction. The problem is with the monetary policy and the Fed printing money as they feel like it.