Stacy Summary: Big tip of the hat to @marietta
  |
 |
Stacy Summary: They say we get the politicans we deserve; do we also get the banking system we deserve? The second link to Tyler Durden’s piece picks up on Max’s theme that the banks with the collusion of the Fed & Treasury have been running a racket and should be charged under RICO.
In a nutshell – the banks want their complete opacity cake and eat it too, or else, the racket goes, the transparency that will somehow promote massive rumor mongering will again destroy capitalism. In the meantime, the Ken Lewises of the world can continue touting how stable their businesses are based on optimistic future projections, while implicitly, they continue to survive merely thanks to the cash granted them by you, taxpayers.
|
|
Stacy Summary: Uh oh. I see dead people. My bet – there ain’t no way this info will be disclosed. As Max suggested in the past few weeks on our radio show, if despite dead people, new legislation and executive decree, the Fed is still forced to disclose, then they will just take the assets off their balance sheet for that reporting period, put it off balance sheet somewhere (like JP Morgan or in one of the Fed’s Cayman Island hedge fund accounts) and then once the accounts have been looked at, they will move them back on the public’s balance sheet.
|
|
Stacy Summary: The European central bank agreement on gold represents a significant drop in the amount of gold they will be offloading in the next five years. That the IMF’s 400 tons is included indicates there is even less that they are allowed, or willing, to sell. It will be very interesting to watch the four years after the IMF sells. With the Fed buying its own debt, the Bank of England buying £50 billion more of its own debt . . . why on earth any nation would want to get rid of their gold right now . . .
Update:
|
|
Stacy Summary: Terrorist suspects on flight? Hmmm . . . that would be real convenient for Airbus and Air France/KLM . . .
Updates:
|
|
Stacy Summary: Thanks for keeping the headlines rolling today! As with every Wednesday, we were at the studio recording. Hope you like this week’s show with Alex Jones interviewed for second half.
|
|
Stacy Summary: Okay, so the blonde Latvian story may be a bit frivolous on the surface. Is it, however, any more ridiculous (or dangerous) than Bernanke’s attempts to revive the economy through rigging house prices?
Stacy summary: Note that the IMF loan to Latvia is for 7.5 billion euro to a population of only 2.3 million; that is €3260 (USD$4566) for every man, woman and child . Also note that GDP per capita is US$11,985 in 2007. This sounds like the conditions that led Germany down their own celebrating blondes path.
“We could be nearing the end-game for the US dollar but the Fed has little choice at this point. We’re in a vicious circle where any policy aimed at supporting the US economy must be at the expense of the dollar.”
|
|
Stacy Summary: The Fed to get Treasury bailout? You mean the Fed is a private bank? In the meantime, Latin American & Caribbean nations and provide greater details on their new regional currency, the sucre.
|
|
Posted in Headlines
Tagged canada, fed, max keiser, somali pirates, stacy herbert, sucre, summit of the americas, tarp, treasury
Rick Ackerman
Karl Denninger – Market Ticker The Big Picture Mish David Morgan King World News SmartKnowledge GoldCore Michael Krieger’s libertyblitzkrieg
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/platinum/t24_pt_en_usoz_2.gif)
