Tuesday, Mar 18, 2008
Ambrose tells it how it is
The Telegraph: Europe idle as US battles meltdown
The US Federal Reserve has resorted to the nuclear option in its ever-more depleted arsenal, invoking a Depression-era clause to shoulder the risk of losses stemming from the collapse of Bear Stearns, and to lend money directly to broker dealers.
Posted by sold 2 rent 1 @ 11:58 AM (331 views) Add Comment
4 Comments
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1. Landedgentry said...
Jim Rogers take on the dollar:
http://www.youtube.com/watch?v=wXUU_lyb0Lc
2. sold 2 rent 1 said...
Landedgentry,
Fantastict video.
More evidence that the politicians and bankers are running off with the wealth of the masses.
I like the bit at the end. Greenspan and Bernanke are setting up the Fed to fail.
Does this mean the NWO will try and launch the Amero or even a world currency in the next year.
3. cornishman said...
Like the youtube video.
Where are the mainstream press headlines stating:
"Unelected man spends $230,000,000,000 of US taxpayer's money to help out his friends"?
4. jack c said...
Superb post