Monthly Archives: December 2011

Let Them Eat Cake

I’ve gotten into the habit of listening to a new radio station while driving. This morning I heard a man speaking with a quiet, elegant fury about details of the Fed’s Free Money for Banksters program — the full disclosure … Continue reading

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More Telegraph: Rumors of a Major European Bank Facing Collapse Triggered Today’s Intervention

From the Telegraph — which, it should be pointed out, has been anti-euro forever, and so might be playing a propaganda role. The emergency action to stop the international financial system from freezing up again was prompted by rumours that … Continue reading

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Reading the Tea Leaves of the Fed’s Liquidity Spigot

There are two interpretations of the Central Bank actions from early this morning, and they not mutually incompatible. Firstly, AEP in the Telegraph gives one: Fed saves Europe’s banks as ECB stands pat Roughly: since this is done in the … Continue reading

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