Monday, March 31, 2008

Central Bank Remedies

People & Power - Savers vs speculators

Max Keiser looks at the ongoing financial crisis and asks whether the government and Central Bank remedies are penalising workers and savers.

Posted by malct @ 02:05 PM (309 views)
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6 thoughts on “Central Bank Remedies

  • OF COURSE they are penalizing workers and savers, because our wealth is being eroded both domestically and internationally as inflation jumps and the currency falls while the central banks shovel yet more wheelbarrows full of £50 notes into the pleading arms of investment banks.

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  • I recommend watching Aljazeera English as it has good quality reporting and offers a different view point. It also has proper news about other parts of the world!

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  • Paul I agree with your sentiment, but would like someone to explain why the same is not happening within club med?? The ECB have funnelled more money into the system than the BoE and the Fed put together and yet, on the strength of the Germans the currency is not just doing well, but literally annihilating all others. Spain’s housing is tanking , as is Italy’s, as is Irelands, but stil the euro continues to grow and grow. I feel market manipulatiuon and governmnet capitulation is behind this, as well as the US and UK economies being shafted. Any thoughts?

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  • Not the sort of reporting you get on the BBC. Why? Because it’s a bit too close to the truth.

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  • Is it not the fact that the Euro is made of constituent parts that do things differently – thus spains boom helped the Euro not to slip too far behind in the good times, and now Germanys prudence is stopping it from sinking in hte bad?

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  • maddison – how do we watch Aljazeera?

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