Ask yourself this – Why did the Fed announce QEII NOW? You may think as I and many others do, that QEII is madness. It risks not only the long term health of the dollar, but more immediately is also doing deep, lasting and irrevocable damage to the international order in which America is pre-eminent. …
Hello all, Sorry for the silent days. The book is now out. Hurrah! If any of you want to let me know what you make of it, please do. You don’t have to be kind. It is what it is, good, bad or infuriating. If any of you do like it, please feel quite at …
There are 15.9 million people unemployed in the Euro area of sixteen nations and 23 million in the wider EU27. In America there are 14.6 million unemployed or on temporary work but who would like full time employment (This is the U6 measure of US unemployment) and in Japan there are 3.3 million. Making a …
So more QE from the Fed which will pressure the BoE and the ECB to do the same at some time in the near future. Time to ask, again, what happened to all the money we put in so far? And why didn’t it solve things the way we were told it would? Back when …
Well experts across the pond think that the U.S. markets have already largely priced in at least $500 billion in new money courtesy of QEII expected in just a few days. Which means if there less than the anticipated amount or, Mammon forbid, the whole thing is put off till December, then we can expect …
QEII unintended consequences, unseating the dollar and GOLD speculation Read More »
“I promise to pay the bearer” is what it says on all paper money printed up by the Central banks for our governments. But it is not the government nor even the Central Banks making that promise. They print the notes and decide on the number of notes in circulation, but the promise is ours. …
Sorry I haven’t posted in a couple of days. I’ve been out filming. But I just wanted to say this. The first time I heard the phrase UK plc I hated it. Now I know why. When companies and banks go bankrupt there is a pecking order of who gets what. The labour force gets …
Before we start, why I am telling you all this stuff, especially if you’re not American? Before Lehman Brothers imploded there had actually been a protracted death struggle culminating in the now infamous ‘Repo 105’ last-ditch attempt to raise cash. But at the time we didn’t know it was going on. We were unaware. Today …
Sorry for the silence but there is so much to read, things breaking so thick and fast, that it seems unwise to rush to judgement. So consider this just a dispatch from the storm front. Any of you who have been watching the gyrations of the markets over the last week will have seen, as …
