Shopping Frenzy Jibber Jabber

Stacy Summary: Grim weather and deep recession could not keep shoppers at home. Ain’t no way you are going to stop Brits from stopping their 10 year shopping spree, not while their credit cards are still working.

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“The Americans no longer have the means to save themselves.”

Stacy Summary: Haven’t seen this posted anywhere else, but it’s Martin Wolf speaking in Singapore. This, in my opinion, is going to be one of the biggest stories over next ten years. The dollar, obviously, can no longer function as reserve currency; but it’s one thing identifying the problem, and another thing fixing it, especially while that system is still operating. It seems we prefer collapse to motivate us to change course. Anyway, your ideas for solutions? Or, do you see no problem with what we have?

“Because the dollar, to my mind, given its underlying conditions, is no longer a credible long-term store of value,” said Wolf.

“The Americans no longer have the means to save themselves, this is what I think people don’t understand. There is no credible American policy,” said Wolf.

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Sunday Video Club – Ukulele Weeps

Stacy Summary:  Now for something altogether more relaxing. I found this via Boing Boing.

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Manufacturing Junk & Pushing Toxic Financial Products

Stacy Summary:  I have heard stories from family in America and also read comments on loads of boards that the quality of ‘stuff’ at most shops in the US is total junk this year.  Anyone else hearing (or seeing) the same?

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Technically Bankrupt Jibber Jabber

Stacy Summary: Another John Williams hyperinflation interview. Always good.

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[VIDEO] RT takes on Fox News, Spin Doctoring & ‘Entertainer,’ Bill O’Reilly

Stacy Summary: Yeeha! The total opposite of how Aljaz responds to Fox.

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The Keiser’s Business Guide to 2010 . . . Only Five More Days!

Stacy Summary:  The BBC have updated the page, so I thought it was a good excuse to remind you to set your alarms for 8pm, December 31st.  You can listen live online (just click the appropriate button the page below).  And those in the UK can download it via iPlayer.

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Replacing contractors, pushing casinos and responding to Goldman

Stacy Summary:   Got through the ho ho ho.  Here is what I am reading this morning.

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[OTE33] On the Edge with Max Keiser – 25 December 2009

Stacy Summary: Guest is Gail Tverberg who writes as Gail The Actuary on The Oil Drum. (Will post a higher res version when that is available tomorrow).

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Ho Ho Ho Jibber Jabber

Stacy Summary: Santa visit anyone last night? Or have you all been too naughty? What do you do on this day? Lots of food? Presents? Nothing? Or was it last night you celebrated?

Ho ho ho

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