Throwing good after bad…
I wrote a draft of this post at the start of the year but eventually shelved it because I thought it mightn't hold much interest for the Plain People of Ireland. But now here we are, coming to terms with the horror of impending financial disasters as they spread across the Eurozone–and [...]
Wednesday, November 12, 2008
Who's the clown now?
We've all debated the famed US$700Bn bailout ad nauseam, but unbeknownst to us another larger one has slipped under our radar. Maybe we're too tired after McCain/Obama to care. But let's plough on regardless.
Emergency loans spread over 11 programs have allowed the Federal Reserve to funnel enormous amounts of cash to Wall [...]
When I lift up my mattress…
The big boys on the street were warning us two months ago: we're blowing up a huge commodities bubble. The hoarding was evident soon after, and we're now seeing the flight from securities backed by governments, to the kind of stuff you can lock up in the attic–gold, silver, what [...]
According to Reuters a few days ago, banks in the U.S. are facing a systemic margin call, $325 billion hit. This is somehow reminiscent of 1929 when a similar thing happened.
Back then, the U.S. was doing pretty well and most people had built up savings with their local bank. These small community banks (like Jimmy [...]
Wednesday, September 5, 2007
Many people know that the Federal Reserve Bank is a particular hobby-horse of mine. I consider it the greatest money-making con-job in history. I'd like to present a simplified introduction to the time-line of this remarkable coup, as I think the current political landscape in the US appears to be a direct result.
You may have [...]
