You ain’t seen nothing yet
Â The Clownery of Deceit:
“No Chance of Default, US Can Print Money: Greenspan”
This is the same poof who caused Fanny Mae and Freddy Mac
Soros-Funded Leftist Group MoveOn.Org calls itÂ “Tea Party Downgrade”…
Who Made Nearly a $1 Billion Bet on U.S. Debt Downgrade?Â (“There are mounting rumours that investor George Soros…could be involved.”)
- Stock Futures Already Down 200 pts â€” Gold Tops $1,700
- David Axelrod: ‘This Is…a Tea Party Downgrade’
- ‘Stunning Lack of Knowledge’: Geithner Slams S&P for Showing ‘Terrible Judgment’
- Ketchup Kerry: ‘This is the Tea Party Downgrade’
- It Continues: S&P Now Downgrades Fannie and Freddie
- Michele Bachmann Calls for Obama to Demand Geithner’s Resignation
- Small Businesswoman Rips Obama and Calls on Him to Apologize to America
- Thousands Protest Political and Economic System in Spain
If we are to survive the looming catastrophe, we need to face the truth
The idea that a capitalist economy can support a socialist welfare state is collapsing before our eyes, says Janet Daley.
The European Central Bank (ECB) is run by people who are not very good at economics. They continue to adhere to a fundamentally wrongheaded view of the economy and the central bank’s role within it.
Unfortunately, there is no internal pressure for change because, like the Communist Party in the Soviet Union, acceptance of the ideology is the price for admission into the clique of economists who can influence the ECB.
The central tenet of ECB dogma is that the central bank should target a low inflation rate – two per cent – and pretty much ignore everything else in the economy. Â (Al Jizz)
- European Central Bank To Boost Spain And Italy To Avoid Financial Disaster
- Allen West Slams Geithner: ‘When You Open That Refrigerator Door the Lights Don’t Come On’
Faber: Brace for a Global ‘Reboot’ and a War
Markets could rebound after Thursday’s global market sell-off, but investors should see any bounce as a selling opportunity, as the world economy rolls towards total collapse, Mark Faber, editor and publisher of the Boom, Doom and Gloom Report, told CNBC Friday. Â (source)