US Stock Market Comes Close to 8,000: Thanks to Change in Mark to Market Rule

Lest you are confused by the Obama administration’s claim that the G20 marked some turning point in the world economy – remember that they have conveniently and quietly changed the “Mark to Market” rules changing the way much of the “toxic” debt is valued. This changes balance sheets overnight people.

Be wary of Obama bearing Ipods, Globalization & a New World Order.

One Response

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