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	<title>Adask&#039;s law &#187; What Can&#8217;t be Paid</title>
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	<description>The Profit of Injustice</description>
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		<title>Adask&#039;s law &#187; What Can&#8217;t be Paid</title>
		<link>http://adask.wordpress.com</link>
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		<item>
		<title>The Dollar&#8217;s Demise</title>
		<link>http://adask.wordpress.com/2009/10/18/the-dollars-demise/</link>
		<comments>http://adask.wordpress.com/2009/10/18/the-dollars-demise/#comments</comments>
		<pubDate>Sun, 18 Oct 2009 21:52:53 +0000</pubDate>
		<dc:creator>adask</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Gold & Silver Coin]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[What Can't be Paid]]></category>

		<guid isPermaLink="false">http://adask.wordpress.com/?p=506</guid>
		<description><![CDATA[The U.S. dollar has been the world&#8217;s reserve currency since World War II.
In March, China (and then Russia) openly attacked the greenback, calling for the dollar to be replaced as the world&#8217;s reserve currency. This call by China is particularly disturbing since China holds more U.S. debt than any other country—about $1.3 trillion—and the further [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=adask.wordpress.com&blog=3823477&post=506&subd=adask&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://adask.wordpress.com/2009/10/18/the-dollars-demise/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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			<media:title type="html">adask</media:title>
		</media:content>
	</item>
		<item>
		<title>The Snowball Effect</title>
		<link>http://adask.wordpress.com/2009/03/15/the-snowball-effect/</link>
		<comments>http://adask.wordpress.com/2009/03/15/the-snowball-effect/#comments</comments>
		<pubDate>Mon, 16 Mar 2009 01:18:12 +0000</pubDate>
		<dc:creator>adask</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[What Can't be Paid]]></category>

		<guid isPermaLink="false">http://adask.wordpress.com/?p=320</guid>
		<description><![CDATA[Anyone who’s ever skied in the mountains has some appreciation for the dangers of avalanche. Everyone knows that one little snowball can sometimes release an avalanche of pent-up energy whose magnitude can be sudden, astonishing and dangerous.


The same kind of “snowball effect” can take place in human affairs when single, seemingly insignificant event precipitates an [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=adask.wordpress.com&blog=3823477&post=320&subd=adask&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://adask.wordpress.com/2009/03/15/the-snowball-effect/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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			<media:title type="html">adask</media:title>
		</media:content>
	</item>
		<item>
		<title>Moral Bankruptcy Causes Economic Collapse</title>
		<link>http://adask.wordpress.com/2009/02/10/moral-bankruptcy-causes-economic-collapse/</link>
		<comments>http://adask.wordpress.com/2009/02/10/moral-bankruptcy-causes-economic-collapse/#comments</comments>
		<pubDate>Wed, 11 Feb 2009 00:07:17 +0000</pubDate>
		<dc:creator>adask</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Gold & Silver Coin]]></category>
		<category><![CDATA[Lies]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[What Can't be Paid]]></category>

		<guid isPermaLink="false">http://adask.wordpress.com/?p=307</guid>
		<description><![CDATA[
When a nation’s monetary system is based on mere promises to pay (paper and digital debt instruments) rather than payments (actual production; gold and silver coin), irrational consequences and a virtual “insanity” inevitably follow. 


 
In our “brave, new fiat-monetary world” of debt instruments (promises to pay), wealth is not based on what you actually [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=adask.wordpress.com&blog=3823477&post=307&subd=adask&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://adask.wordpress.com/2009/02/10/moral-bankruptcy-causes-economic-collapse/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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			<media:title type="html">adask</media:title>
		</media:content>
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		<item>
		<title>We Don’t Need and Won’t Get Credit.   We Need Reindustrialization.</title>
		<link>http://adask.wordpress.com/2008/12/23/we-don%e2%80%99t-need-and-won%e2%80%99t-get-credit-we-need-reindustrialization/</link>
		<comments>http://adask.wordpress.com/2008/12/23/we-don%e2%80%99t-need-and-won%e2%80%99t-get-credit-we-need-reindustrialization/#comments</comments>
		<pubDate>Tue, 23 Dec 2008 07:25:59 +0000</pubDate>
		<dc:creator>adask</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[What Can't be Paid]]></category>

		<guid isPermaLink="false">http://adask.wordpress.com/?p=218</guid>
		<description><![CDATA[The December 4th New York Times reported in “Employers cut 533K jobs in Nov., most in 34 years” that, 
 
“Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession. ‘These numbers are shocking,’ said economist Joel [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=adask.wordpress.com&blog=3823477&post=218&subd=adask&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://adask.wordpress.com/2008/12/23/we-don%e2%80%99t-need-and-won%e2%80%99t-get-credit-we-need-reindustrialization/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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			<media:title type="html">adask</media:title>
		</media:content>
	</item>
		<item>
		<title>Signs of the Times</title>
		<link>http://adask.wordpress.com/2008/11/08/signs-of-the-times/</link>
		<comments>http://adask.wordpress.com/2008/11/08/signs-of-the-times/#comments</comments>
		<pubDate>Sun, 09 Nov 2008 04:32:12 +0000</pubDate>
		<dc:creator>adask</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Gold & Silver Coin]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[What Can't be Paid]]></category>

		<guid isPermaLink="false">http://adask.wordpress.com/?p=195</guid>
		<description><![CDATA[On Thursday, November 6th The New York Times published the four articles which, in sum, offer a snapshot of where our economy is, and where it’s heading. Excerpts from those articles and my comments follow: 


 
“Bleak Reports Keep Markets in Free Fall”

 
&#8220;Top of Form


Bottom of Form

Despite stabilization in the credit markets and lower [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=adask.wordpress.com&blog=3823477&post=195&subd=adask&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://adask.wordpress.com/2008/11/08/signs-of-the-times/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">adask</media:title>
		</media:content>
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		<item>
		<title>There’s No Shortage of Gold bullion Coins and the Price of Gold is RISING!</title>
		<link>http://adask.wordpress.com/2008/10/26/there%e2%80%99s-no-shortage-of-gold-bullion-coins-and-the-price-of-gold-is-rising/</link>
		<comments>http://adask.wordpress.com/2008/10/26/there%e2%80%99s-no-shortage-of-gold-bullion-coins-and-the-price-of-gold-is-rising/#comments</comments>
		<pubDate>Sun, 26 Oct 2008 23:30:31 +0000</pubDate>
		<dc:creator>adask</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Gold & Silver Coin]]></category>
		<category><![CDATA[What Can't be Paid]]></category>

		<guid isPermaLink="false">http://adask.wordpress.com/?p=184</guid>
		<description><![CDATA[I’ll bet the title of this article sounds absolutely nutty to anyone who follows the gold market. As any “gold bug” can tell you, the price of gold is down from a high of $1,024 earlier this year to a current price of $734 per ounce. Similarly, there’ve been virtually no silver bullion coins for [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=adask.wordpress.com&blog=3823477&post=184&subd=adask&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://adask.wordpress.com/2008/10/26/there%e2%80%99s-no-shortage-of-gold-bullion-coins-and-the-price-of-gold-is-rising/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
	
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			<media:title type="html">adask</media:title>
		</media:content>
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		<item>
		<title>Prepare to Celebrate!   There’s a (Bank) Holiday in your Future</title>
		<link>http://adask.wordpress.com/2008/10/13/prepare-to-celebrate-there%e2%80%99s-a-bank-holiday-in-your-future/</link>
		<comments>http://adask.wordpress.com/2008/10/13/prepare-to-celebrate-there%e2%80%99s-a-bank-holiday-in-your-future/#comments</comments>
		<pubDate>Tue, 14 Oct 2008 02:06:02 +0000</pubDate>
		<dc:creator>adask</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[What Can't be Paid]]></category>

		<guid isPermaLink="false">http://adask.wordpress.com/?p=160</guid>
		<description><![CDATA[About four months ago, I realized that the total American debt (owed by federal, state &#38; local governments, plus that privately owed in the form of mortgages, auto loans and credit cards, etc.) was at least $75 trillion. As I’ve written repeatedly, I divided that $75 trillion debt by the total U.S. population (300 million) [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=adask.wordpress.com&blog=3823477&post=160&subd=adask&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://adask.wordpress.com/2008/10/13/prepare-to-celebrate-there%e2%80%99s-a-bank-holiday-in-your-future/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="http://1.gravatar.com/avatar/5a7e900ecfca73a72a09322d7f6e49ea?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">adask</media:title>
		</media:content>
	</item>
		<item>
		<title>Economic Guides for Confusing Times</title>
		<link>http://adask.wordpress.com/2008/08/16/economic-guides-for-confusing-times/</link>
		<comments>http://adask.wordpress.com/2008/08/16/economic-guides-for-confusing-times/#comments</comments>
		<pubDate>Sat, 16 Aug 2008 21:26:27 +0000</pubDate>
		<dc:creator>adask</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Gold & Silver Coin]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[What Can't be Paid]]></category>

		<guid isPermaLink="false">http://adask.wordpress.com/?p=110</guid>
		<description><![CDATA[On August 6th, Dan Denning wrote:
“Just as all asset classes moved up in a simultaneous bull market from 2003 to 2007, we now have the possibility of all asset classes—equities, property, bonds, and commodities—moving down in a simultaneous bear market. It could be protracted, global, and unavoidable.” 

The Joy of Inflation
When everything is going up [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=adask.wordpress.com&blog=3823477&post=110&subd=adask&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://adask.wordpress.com/2008/08/16/economic-guides-for-confusing-times/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
		<media:content url="http://1.gravatar.com/avatar/5a7e900ecfca73a72a09322d7f6e49ea?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">adask</media:title>
		</media:content>
	</item>
		<item>
		<title>Banking Bankruptcy A.D. 2008</title>
		<link>http://adask.wordpress.com/2008/08/01/banking-bankruptcy-ad-2008/</link>
		<comments>http://adask.wordpress.com/2008/08/01/banking-bankruptcy-ad-2008/#comments</comments>
		<pubDate>Sat, 02 Aug 2008 00:24:12 +0000</pubDate>
		<dc:creator>adask</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[What Can't be Paid]]></category>

		<guid isPermaLink="false">http://adask.wordpress.com/?p=97</guid>
		<description><![CDATA[According to John Williams’ Shadow Government Statistics (shadowstats.com), by comparing the overall ratio of “borrowed” to “non-borrowed” bank reserves, we can learn a lot about the health of the U.S. banking industry. The “nonborrowed bank reserves” are the available reserve funds that are owned by the banks, themselves. On the other hand, the “borrowed bank [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=adask.wordpress.com&blog=3823477&post=97&subd=adask&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://adask.wordpress.com/2008/08/01/banking-bankruptcy-ad-2008/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="http://1.gravatar.com/avatar/5a7e900ecfca73a72a09322d7f6e49ea?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">adask</media:title>
		</media:content>
	</item>
		<item>
		<title>“Mean-Reversion”—or Bust!</title>
		<link>http://adask.wordpress.com/2008/07/26/%e2%80%9cmean-reversion%e2%80%9d%e2%80%94or-bust/</link>
		<comments>http://adask.wordpress.com/2008/07/26/%e2%80%9cmean-reversion%e2%80%9d%e2%80%94or-bust/#comments</comments>
		<pubDate>Sat, 26 Jul 2008 10:28:34 +0000</pubDate>
		<dc:creator>adask</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[What Can't be Paid]]></category>

		<guid isPermaLink="false">http://adask.wordpress.com/?p=86</guid>
		<description><![CDATA[In his recent article, “The Global Economy is at the Point of Maximum Danger,” English commentator Ambrose Evans-Pritchard wrote:
 
“The world&#8217;s two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=adask.wordpress.com&blog=3823477&post=86&subd=adask&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://adask.wordpress.com/2008/07/26/%e2%80%9cmean-reversion%e2%80%9d%e2%80%94or-bust/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">adask</media:title>
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