Archive - Aug 7, 2014 - Blog entry

Are the crafty casino courpiers finally cashing out their cronies' comped chips at the crooked capitlaism craps tables?

Bank of England plans to make bondholders and depositors bear the cost of bailing out failing banks has led Moody’s to downgrade its outlook on the UK banking sector. Depositors in some Cyprus banks saw 50% or more of their life savings confiscated overnight. Moodys largely ignored, as did much of the media coverage of their report, the real risk that bail-ins pose to people’s life savings and companies capital, the likely negative impact of this on consumer sentiment and employment in already fragile economies.

"War Crimes" ... Recommend International Criminal Court Investigation

Do you know of a woman wanting to learn about a different way to survive and thrive in America today?

This represents a tectonic shift in the financial markets. It does not mean that Central Banks will never engage in QE again. But it does show that they are increasingly aware that QE is no longer the “be all, end all” for monetary policy.

You do not want to play checkers with these two...