Mr. Magoo: Isn't Beelzebub Calling You Yet?
• Market-ticker.denninger.net/This isn't "regulation" it is intentional theft and looting.
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This isn't "regulation" it is intentional theft and looting.
The report said a new reserve system "must not be based on a single currency or even multiple national currencies but instead, should permit the emission of international liquidity - such as SDRs - to create a more stable global financial system."
As for the Fed, I venture to say that a common jury of 12 American men and women placed on the Federal Open Market Committee would have done a better job of setting monetary policy over the last 20 years than Doctors Bernanke and Greenspan.
A devastating report in the New York Times documents how Timothy Geithner’s New York Fed worked tirelessly to make sure that AIG was forced to pay banks such as Goldman Sachs 100 percent on dubious contracts...
The intention of Central Bank of Russia would be to cause a 50 percent overnight devaluation of the U.S. dollar and displace the U.S. dollar as the leading global reserve currency. The expected market value of gold resulting from this...
Each time the day of reckoning is put off, the bigger the price down the road. Thus, we should all be fearing more Keynesian and Monetarist attempts to forestall the inevitable collapse.