How In The World Did We Get To The Point Where The Federal Reserve Is Printing Money Out Of Thin Air Whenever It Wants?
Ben Bernanke and the rest of the folks over at the Federal Reserve did not just wake up one day and decide that they wanted to start printing hundreds of billions of dollars out of thin air.
• Ireland told: Take EU bailout or trigger crisis
Ireland: Join the IMF-EU Borg Hive or Face the Abyss
Due to the fact Ireland is part of the European Union, it can’t do what the U.S. is doing under the auspices of the Federal Reserve — crank up the presses and print its way out of the manufactured debt crisis. Irish currency cannot be devalued.
The horrible truth starts to dawn on Europe’s leaders
The entire European Project is now at risk of disintegration, with strategic and economic consequences that are very hard to predict.
Inflation rises unexpectedly to four-month high
Bank of England Governor Mervyn King has had to dig out his headed notepaper once more to write a letter to the Chancellor explaining why UK inflation is too high.
• Fed Easing Is Not Aimed at Weakening US Dollar: Dudley
• Weaker Dollar Seen as Unlikely to Cure Joblessness
Greek deficit much bigger than estimate
Greece’s goal of reducing its gargantuan debt received a fresh blow today when the EU statistics agency announced that the country’s 2009 budget deficit was much worse than first thought.
Euro under siege as now Portugal hits panic button
The euro is facing an unprecedented crisis after another country indicated on Monday night that it was at a “high risk” of requiring an international bail-out.
The Food Inflation Nightmare Is About To Hit 40% Of The World’s Population
Overnight, the threat of further Chinese tightening multiplied as a result of food price inflation. A basket of 18 key vegetables saw their prices increase by 62.4%, year-over-year, in the first 10 days of November.
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