US Federal Reserve Dealing in Magic and Secrets

International Forecaster Sunday, March 14, 2010 The dramatic and costly undertow of deflation continues unabated, as government via fiscal policy and the Federal Reserve, by creating money and credit out of thin air, proceed to overpower this deflation with massive inflation. Unbeknownst to most the Fed and the Treasury have been maintaining this program for the past several years, accompanied by most major countries, all of which have taken the path of least resistance rather than address the underlying problems

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US Federal Reserve Dealing in Magic and Secrets

China May Face ‘Massive’ Bank Bailouts After Stimulus Program

Bloomberg News Sunday, March 14, 2010 March 13 (Bloomberg) — China may be forced to bail out banks that made loans for local-government projects under the unprecedented stimulus program unleashed in 2008, according to Citigroup Inc. and Northwestern University’s Victor Shih.

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China May Face ‘Massive’ Bank Bailouts After Stimulus Program

Zombies Are Real

You Tube Sunday, March 14, 2010 This video takes a look at contemporary culture and asks, are the zombies already amongst us?

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Zombies Are Real

Venezuela’s Chavez calls for internet controls

Reuters Sunday, March 14, 2010 (Reuters) – Venezuela’s President Hugo Chavez, who is criticized by media freedom groups, called on Saturday for regulation of the Internet and singled out a website that he said falsely reported the murder of one of his ministers. “The Internet cannot be something open where anything is said and done. Every country has to apply its own rules and norms,” Chavez said.

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Venezuela’s Chavez calls for internet controls

Lehman Fraudulently Cooked Its Books, Accounting Giant Ernst & Young Helped, Geithner and Bernanke Winked and Slapped Them on the Back

Washington’s Blog March 12, 2010 As William K. Black said a year ago, the government’s entire strategy now – as in the S&L crisis – is to cover up how bad things are (”the entire strategy is to keep people from getting the facts”). Paul Krugman and others pointed out that Geithner has been trying to artificially prop up asset prices, but that such a strategy cannot succeed

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Lehman Fraudulently Cooked Its Books, Accounting Giant Ernst & Young Helped, Geithner and Bernanke Winked and Slapped Them on the Back

Stiglitz: The Fed Is Corrupt And Dominated By Big Banks

John Carney Business Insider March 9, 2010 Joseph Stiglitz explained to Maria Bartiromo why he thinks the Fed is desperately in need of reform. Basically, it comes down to the influence the banks have in selecting the Fed chairman. How can we expect effective regulation or fair financial rescues from men who owe their power to the heads of the biggest banks

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Stiglitz: The Fed Is Corrupt And Dominated By Big Banks

Are Traders Demanding US Credit Default Swaps Payable in Gold?

Jesse’s Café Américain March 9, 2010 If another author had said this I might not pay it so much attention. Lately some have been given over to a tabloid approach to overstatement and sensational headlines to attract attention. This is a strong temptation as the blogosphere expands, similar to the development and evolution of newspapers as a popular medium in Victorian London for example

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Are Traders Demanding US Credit Default Swaps Payable in Gold?

Iceland Rejects Icesave Bank Payback Plan

Hazel Tyldesley Sky News Online Sunday, March 7, 2010 Icelanders have rejected a plan to pay back the British Government for money it lost over the collapse of the Icesave bank in 2008. Over 93% percent of voters cast ballots opposing the £3.5bn deal to compensate the British and the Dutch state, initial results showed. Both nations reimbursed citizens who lost money when Landsbanki and its internet banking scheme Icesave folded.

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Iceland Rejects Icesave Bank Payback Plan

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