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LinkedInYesterday I talked about plucky little Iceland basically thumbing its Teutono-Scandinavian nose at the Banksters. Well, I am not often one to turn to Alex Jones or infowars for news, but this one was just too good to resist, for it seems another, much more powerful, country, might be preparing to tell the Eurozone exactly where it can go, and even appears ready to take the case all the way up to France, if need be: Germany Is Preparing To Kick Countries Out Of Eurozone Now it doesn't take a Nazi rocket scientist to figure out why Germany wouldn't want to allow the European Central Bank … [Read more...]
AMERICA AND THE EUROPEAN BAILOUT
October 23, 2011 By
Well, it's now been a couple of weeks since we were cordially assured by M. Sarkozy and Frau Bundeskanzlerin Merkel that a new bailout deal was in the offing for Europe. Now, there's this, reported by Bloomberg on Oct 19th: Federal Reserve Now Backstopping $75 Trillion Of Bank Of America’s Derivatives Trades Bank of America, in other words, has now moved in such a way that the Federal Reserve must stand behind its bad European derivatives, and that means, as the article itself correctly concludes, "... that the investment bank’s European derivatives exposure is now backstopped by … [Read more...]
NEWS AND VIEWS FROM THE NEFARIUM AUGUST 18, 2011
August 18, 2011 By
Joseph makes announcements and talks about the apocalypse theater of the European financial-debt crisis, and the European Space Agency's plan to blow up an asteroid: … [Read more...]