Cartoon of the Day: SantObama
Dec 14, 2011 05:48 pmView Full Size: Cartoon of the Day: SantObama
What happens when you attempt a cold shutdown of one of the biggest debt spirals that the world has ever seen? Well, we are about to find out. The politicians in Europe have decided that they are going to “take their medicine” and put strict limits on budget deficits. They have also decided that the European Central Bank is not going to engage in reckless money printing to “paper over” the debts of troubled nations. This may all sound wonderful to many of you, but the reality is that there is always a tremendous amount of pain whenever a massive debt spiral is interrupted. |
Senator Harkin is making an excellent point: Prior to the CFMA of 2000 customer funds could not be invested in other than municipal or US Government debt fully guaranteed by the US Government. And the Republicans want less regulation, not more, and they are not calling for people to go to prison and every dime missing taken back from the executives who ran the company so the customers are made whole. Yep. |
Ben Bernanke and his Fed mates’ secret letterhead: “destroying capitalism from within.” After four years of disastrously wrong policies, let’s declare stubborn, hubris-soaked wrongheadedness a virtue and saint Ben Bernanke and his Federal Reserve mates. If we had to distill down the Fed Chairman and the Federal Reserve’s policies since the wheels came off the Fed’s “shadow banking” system of fraud, collusion, embezzlement and free-floating leverage, we’d have to start with a systems-analysis perspective. |