The Banking Cartel Hides In Plain Sight

The Banking Cartel Hides In Plain Sight

I read the following article this morning, and wanted to point out that the guy who supposedly doesn’t know how to operate an xBox or PS3  is advising world leaders on loaning trillions in bailout cash to Greece and whoever else needs it at the moment to try to slow the global trainwreck down to a manageable crash.  If you read this article and you even approach the idea that any of this was Barry’s idea, and that he got it done without a few dozen central bank presidents breathing down Merkel’s neck, you are living in ‘My Little Pony’ world.

Who’s running Europe? Now Obama pressures Spain over cuts after whispers he advised Merkel on saving the euro

Barack Obama is pressuring Spain to make austerity cuts as the European debt crisis rumbles on, it has emerged.

The U.S. President has also been credited with helping to save the Euro, after giving advice to European leaders on how to handle the debt crisis.

U.S. officials have been adamant that Europe must take the lead in resolving the crisis.

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The Dominoes Are Rocking

The Dominoes Are Rocking

Strap in folks, the slow motion train wreck we have been watching since 2006 is picking up speed.  The DOW dropped 213 points yesterday in response to Greece and Portugal’s credit rating changes and Goldman Sachs all over the news in front of Congress.  The dominoes of teetering governments that Basil, the IMF, the WB, The Fed, and the other usual suspects have been trying to keep upright are now gently rocking.  So far, the only person who appears to have their head screwed on straight is Angela Merkel, Germany’s Chancellor.

Fears of Greek debt default hit markets

(Reuters) – Fears that a planned rescue of Greece could stall and extend the financial crisis to other euro zone countries hit European markets on Wednesday as investors worried that Athens may default on its debt.

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Angela Merkel Is Starting To Understand Thomas Jefferson

What part of this:

If the American people allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children wake up homeless on the continent their fathers conquered – Thomas Jefferson

do people not understand? Are we there yet? Damned if I don’t think we are there now when every single American household owes over $500,000 now to the Federal Government for the crack smokin’ government’s spending bills.  That $500,000 bill was something like $36,000 back in 2001.

Merkel is getting it and she is not even American.

Germany Blasts ‘Powers of the Fed’

German Chancellor Angela Merkel, in a rare public rebuke of central banks, suggested the European Central Bank and its counterparts in the U.S. and Britain have gone too far in fighting the financial crisis and may be laying the groundwork for another financial blowup.

“I view with great skepticism the powers of the Fed, for example, and also how, within Europe, the Bank of England has carved out its own small line,” Ms. Merkel said in a speech in Berlin. “We must return together to an independent central bank policy and to a policy of reason, otherwise we will be in exactly the same situation in 10 years’ time.”

Ms. Merkel also said the ECB “bowed somewhat to international pressure” when it said last month it plans to buy €60 billion ($85 billion) in corporate bonds — a move that is modest in comparison to asset-buying by its counterparts, the U.S. Fed and Bank of England. Details are to be unveiled by the ECB’s president, Jean-Claude Trichet, Thursday.

The public criticism is unusual — and not only because German politicians rarely talk harshly about central banks in public. When politicians around the world do criticize their central banks, they almost always gripe that they are too tightfisted.

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