These are headlines from the past 2 days:Is China’s Renminbi Already The New Reserve Currency?World Bank chief calls for new gold standardChina Downgrades US Again, From AA To A+, Outlook Negative, Sees “Long-Term Recession”, Blasts QE2, Expects Credit…
Posts Tagged ‘Central Banks’
Banking Industry Insiders Call for Breaking Up Giant Banks
April 7th, 2010 |
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Virtually all independent financial experts are demanding that the too big to fail banks be broken up, including:Nobel prize-winning economist, Joseph StiglitzNobel prize-winning economist, Ed PrescottFormer Secretary of Labor, Robert Reich Chairman of…
Top Analyst: “Developed Market Governments Are Insolvent By Any Reasonable Definition”
March 23rd, 2010 |
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Dylan Grice, a top analyst for European financial giant Société Générale, writes:Developed market governments are insolvent by any reasonable definition.Who could have known? Everyone, actually.As I wrote in December 2008, “The “Central Banks’ Cent…
What Do Rising Sovereign Credit Default Swaps Mean?
February 8th, 2010 |
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Here are the CDS of Greece, Portugal, Spain and the U.S.:[click here for full image]Rolfe Winkler argues that – in the short-run – the PIIGS countries (Portugal, Ireland, Italy, Greece and Spain) will slash their budgets and get bailed out by the EU.S…
Is David Bloom Wrong About the Dollar?
October 19th, 2009 |
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As I have previously noted, HSBC currency chief David Bloom doesn’t think that the dollar will rally when the stock market next tanks:The dollar rallied last year because we had a global liquidity crisis, but we think the rules have changed and that …
Congressman Grayson: Fed Secretly “Stuffed” $500 Billion into “Foreign Private Pockets” and Gave $230 Billion to Citi “As a Secret Bailout”
September 16th, 2009 |
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Congressman Alan Grayson gave an interview to Wall Street Cheat Sheet’s Damien Hoffman, which includes the following bombshells:H.R. 1207 is one of the simplest bills imaginable. Unlike the healthcare bill which is over 1000 pages, H.R. 1207 is a page …
The Banks Own the Fed, and the Central Banks Own BIS
August 6th, 2009 |
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You know that the 12 Federal Reserve Banks are owned by private banksters.And you’ve heard of the Bank of International Settlements (BIS), which is the “Central Banks’ Central Bank”.But you probably don’t know who owns BIS or how it is regulated.Spiege…