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	<title>Monty Pelerin&#039;s World &#187; insolvent</title>
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	<link>http://www.economicnoise.com</link>
	<description>Economics, Finance and Politics Through The Prism of Classical Liberalism</description>
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		<title>Bank Runs?</title>
		<link>http://www.economicnoise.com/2011/12/05/bank-runs/</link>
		<comments>http://www.economicnoise.com/2011/12/05/bank-runs/#comments</comments>
		<pubDate>Mon, 05 Dec 2011 11:50:51 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[banks]]></category>
		<category><![CDATA[currency]]></category>
		<category><![CDATA[insolvent]]></category>
		<category><![CDATA[Bank Holiday]]></category>
		<category><![CDATA[Banking System]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[Fractional-reserve banking]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=24913</guid>
		<description><![CDATA[In March of 2010, I discussed the possibility of another bank holiday. We had one during the Great Depression where banks were ordered to close: One of the first New Deal legislative acts was the closing of the banks, known as a national banking holiday. Banks were closed for about a week. Neither deposits nor <a href='http://www.economicnoise.com/2011/12/05/bank-runs/'>[...]</a>]]></description>
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		<slash:comments>0</slash:comments>
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		<title>House of Cards Around The World</title>
		<link>http://www.economicnoise.com/2011/07/19/house-of-cards-around-the-world/</link>
		<comments>http://www.economicnoise.com/2011/07/19/house-of-cards-around-the-world/#comments</comments>
		<pubDate>Tue, 19 Jul 2011 11:04:04 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[denninger]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[insolvent]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[CNBC]]></category>
		<category><![CDATA[Debt Ceiling]]></category>
		<category><![CDATA[Egan-Jones]]></category>
		<category><![CDATA[Market Ticker]]></category>
		<category><![CDATA[Weiss Ratings]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=21834</guid>
		<description><![CDATA[The video below is probably the best reporting I have seen on CNBC for a long time. It puts the financial system of the world in perspective. The rating agency, Egan-Jones, is not beholden to the US or any other government. It works solely for clients with the purpose of protecting them and their assets. <a href='http://www.economicnoise.com/2011/07/19/house-of-cards-around-the-world/'>[...]</a>]]></description>
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		<slash:comments>1</slash:comments>
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		<item>
		<title>Welcome To The End of The Age Of Paper</title>
		<link>http://www.economicnoise.com/2011/07/15/welcome-to-the-end-of-the-age-of-paper/</link>
		<comments>http://www.economicnoise.com/2011/07/15/welcome-to-the-end-of-the-age-of-paper/#comments</comments>
		<pubDate>Fri, 15 Jul 2011 10:18:41 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[insolvent]]></category>
		<category><![CDATA[Financial Collapse]]></category>
		<category><![CDATA[John Rubino]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=21753</guid>
		<description><![CDATA[John Rubino comments on the woeful state of the world: This was inevitable because “extend and pretend” is by definition a temporary strategy. It works for a while but only for a while. And now it’s ending everywhere, all at once. We’ve entered a new phase of the global financial collapse that began in 2000. <a href='http://www.economicnoise.com/2011/07/15/welcome-to-the-end-of-the-age-of-paper/'>[...]</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Ryan Budget is More Game-Playing</title>
		<link>http://www.economicnoise.com/2011/04/23/the-ryan-budget-is-more-game-playing/</link>
		<comments>http://www.economicnoise.com/2011/04/23/the-ryan-budget-is-more-game-playing/#comments</comments>
		<pubDate>Sat, 23 Apr 2011 19:21:20 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[insolvent]]></category>
		<category><![CDATA[spending]]></category>
		<category><![CDATA[Bob Murphy]]></category>
		<category><![CDATA[Budget Proposal]]></category>
		<category><![CDATA[Paul Ryan]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=20098</guid>
		<description><![CDATA[Bob Murphy discusses Paul Ryan&#8217;s proposed budget. According to Lew Rockwell&#8217;s test for judging budget seriousness, it is woefully inadequate: The politically painful budget slashing is deferred to the future. As Lew Rockwell has said of any would-be budget hawks, tell me how much you want to cut spending this year — not ten years <a href='http://www.economicnoise.com/2011/04/23/the-ryan-budget-is-more-game-playing/'>[...]</a>]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Our Weekend at Bernie&#8217;s Banking System</title>
		<link>http://www.economicnoise.com/2011/01/20/our-weekend-at-bernies-banking-system/</link>
		<comments>http://www.economicnoise.com/2011/01/20/our-weekend-at-bernies-banking-system/#comments</comments>
		<pubDate>Thu, 20 Jan 2011 12:24:11 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[banks]]></category>
		<category><![CDATA[insolvent]]></category>
		<category><![CDATA[Financial Insolvency]]></category>
		<category><![CDATA[Weekend At Bernies]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=16640</guid>
		<description><![CDATA[The festering cesspool that is our banking system (and the world&#8217;s) has not passed the danger point. Massive bailouts have not saved the banks or the financial system. The banking system is a facade, a Hollywood set with nothing behind the fake buildings and scenery. There has been no escape from the financial crisis. For <a href='http://www.economicnoise.com/2011/01/20/our-weekend-at-bernies-banking-system/'>[...]</a>]]></description>
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		<slash:comments>0</slash:comments>
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