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It's Official - The Fed Is Now Buying European Government Bonds
As if the 'risk-less' dollar-swaps the Fed has extended to any and every major central bank were not enough, William Dudley just unashamedly admitted that the Fed now holds 'a very small amount of European Sovereign Debt'. Explaining this position, as Bloomberg notes:
- *DUDLEY: FED HOLDS OVERSEAS SOVEREIGN DEBT TO MANAGE RESERVES
- *DUDLEY: HIGH BAR FOR ADDITIONAL PURCHASES OF EUROPE DEBT
Dudley, testifying to a House panel, noted that he doesn't see more efforts by the Fed to buffer the US from Europe's tempests and believes European banks are deleveraging in an orderly manner. So not only is the US taxpayer bailing out Europe via the IMF (as we noted here a week ago using Greece as an intermediary) and the Fed is providing limitless USD swap lines but now we join the ECB in monetizing European government bonds - something we warned might happen back in December 2010. As for being a small amount - wasn't MF Global's holding relatively small too? And aren't we getting a little full from all this buying?
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Fed also buying tungsten.. I wonder why?
So that they can convert it into gold. ............. On paper, at least.
I believe this is all part of their double-secret mandate that they have withheld from the public, for our own good, of course.
This is a trial balloon. If they receive no punishment then they know they have the greenlight to expand teh program at any time. They can just say, "hey, nobody told us to stop back in March 2012". It is all so simple.
Just the tip!
I promise!
This idea has been in the mix for some time, and I have complained about the lack of decisiveness of Fed officials on matters of such importance. This move demonstrates confidence, firmness and a desire to proactively solve the underlying issues in today’s global economy. The Greek CDS trigger was a truly disastrous event for American primary dealer institutions and other SIFIs since it incurred them with large liabilities. Bernanke recognizes that this has set a president for a series of cascading credit events across Europe which together could be apocalyptic for the balance sheets of our most important American financial institutions. Hence the Fed is being vigilant and taking the necessary steps to promote stability and monetary union across Europe.
*yawn*
This may be boring to you. But it is actually of grave importance to our financial system as we know it today. You're probably one those libertarians that use the services provided by world class institutions such as JP Morgan, Bank of America and Meryl Lynch every day but then scornfully criticise these very institutions. People like you just make me sick.
Have you considered capitalizing upon your ruminations whilst enlightening mankind by ghost writing for Paul Krugman?
MDB: precedent, or president?
Are you voting for Precedent Obama? And did you pass grade 8?
!!! Just get me within range !!! 500 yards will do !!!
"world class institutions"
MDB's sarc is actually starting to grow on me. Is that you Hamy?
Maybe ZH has multiple personality disorder trolls?
ok take a look: MillionDollarBonus_
vs Joe Weisenthal of Business Insider.
do you see the similarity here?
I'll bet he doesn't have any capitol to invest!
You got the 'GRAVE' analogy right... Context was a little off tho... & btw... "MILLION" dollar bonus doesn't buy much these days... Might want to upgrade to a "T"
Not boring to me.
I just click your red arrow and move on.
"milliondollardildo"
You were almost entertaining, about 2 months ago. Diminishing returns....
I don't understand the down votes. Doesn't anyone wonder why the CDS trigger on Greek bonds ended up being a "non-event"?
It became a "non-event" because they said it was a non-event... The ISDA that is.... So because a murder says he didn't do it, do you just let him go????
How does Dimon's jizz taste?
Ask the Mohel in attendance at his bris!
Geithner and co-play thing queen for a day, the Berskank, appear to be fastidious neat-niks!
As the Zap COmix hero Capitan Piss Gums sang while burping up the chaff from a close encounter with his cabon boy's drooling zipper dragon (again):
Over the teeth
And through the gums
Into the tummy
Yumy Yum Yum
Let me see if i got this straight
1) FED Buys Euro Bonds
2) Expiration short squeeze date approaches
3) FED converts Euro Bonds to USDs
Makes perfect sense
You are getting really good at this bullshit, really. Keep practicing and you could be the next White House speech writer.
Methinks that your parents dropped you on your head to many times.
Hey, I found JP Morgan Chase, but couldn't find Meryl Lynch anywhere as no one ever heard of them.
>>"that use the services provided by world class institutions such as JP Morgan, Bank of America and Meryl Lynch every day but then scornfully criticise these very institutions."<<
ROTFLMAO!!!
^^THIS GUY^^ really is funny! You will be getting your day, boy!!
I will say this--- what the Fed is doing is not a surprise to any of us.
You're probably one those libertarians that use the services provided by world class institutions such as JP Morgan, Bank of America and Meryl Lynch every day but then scornfully criticise these very institutions.
Those "world class institutions" are looting the economy dry, preventing any sort of economic recovery, while they party high gambling with people's wealth, paying huge bonuses, and Bernanke is the one giving them trillions of dollars of people's wealth via his printing press.
They're not "world class institutions".
They're pirates looting America dry with Bernanke's full cooperation.
And no, I don't do business with any of them, and no I'm not libertarian either. I'm an American getting pretty damn tired of watching the value of dollars in my pocket drop as Bernanke runs his printing press giving my wealth to those pirates.
MDB you should start a blog called "ad absurdum".
I have a BofA account and a Merrill Lynch account. I use my Merrill Lynch account to exit my vested options in a company I own shares in as fast as possible. Not because I think the company is in bad shape, but rather the underlying system is in very bad shape. I then transfer my funds into my BofA account where I use that to do wire transfers into hard assets I take possession of.
Yes I scornfully criticize BofA for the massive derivative positions it holds and the bail out it begged for and received. I also criticize the FED for the huge injection of liquidity BofA got. I criticize BofA for buying US treasuries with the money and collecting huge interest and then paying off its bail out with that money at tax payer expense. IF they, and the rest of the bank and trading scums were ACTUALLY responsible entities; I would keep my money in them, I would invest in equities with them, I wouldn't feel the need to pull all my cash out of them now while I still can.
You know what makes me sick? People like you who kiss Paul Krugman's erroneous ass and carry all these worthless slobs water.
Can you get sick faster! Can you get sick worse! Oh just get sick!
The only thing I'm using Bank of America for is BAC put options.
Thanks to the possibilities of market-magic from the Fed I have not only puts but also calls for strangle-positions on both JPM and Intel.
Due soon but curious to see if a sudden market reversal will pay off my vxx call. Sold the Put already. You ought to be able to see how well that turned out.
MDB, how do you live with yourself defending Bank of America all the while it's stolen customer homes, customer funds & broken laws very frequently, like perjury?
http://youtu.be/EKmz1vCuNQk - Matt Taibbi - fraud the secret to Bank of America's success
Yep, hide the pickle.
Just by reading the title of Tyler's post one would know that MillionDollarFuckTard would be out in force to give Bermonkey a hug.
Your most important American Financial institutions have become weaponized and that IS why they are too big to fail...
"Beloved"
You meant, "our most 'beloved' American financial institutions." Right?
It's the old reverse Ponzi trick!
TD - you wasted a good caption contest photo. What are they saying hiding their mouths behind those napkins?
Bernake - If MDB screws up the propaganda on this one, he's fired.
Timmy - Yeah, no shit.
Timmy; "Yeah now that Robo is gone, who do we have left?"
I'm starting to seriously question if MillionDollarBonus_ is also Joe Weisenthal of Business Insider.
They kept their napkins over their mouths for a while so they could talk without anyone reading their lips or overhearing.
Tim, Do you think anyone will notice that bond thing?
Ben, I'm not sure, but we will know by tommorow..
Tim, Eat your Penis Pilaf and keep your head down, people are starting to look over here.
"Even I get tired of nothing but lox and bagels at these meetings?"
You're still off your game dude.
Oh, and you meant "precedent."
Bernanke recognizes that this has set a president for a series of cascading credit events
That was on purpose wasn't it. You're talking about Obama. Bernake has set the President. At least the TOTUS (aka MDB) now admits it.
Give me a hit of that before you throw it away....
"Bernanke recognizes that this has set a president"??? Do you mean precedent, or do you really mean Bernanke picks the President, who then picks Bernanke, and then Bernanke comes and saves the world from whoever it is that is skull fucking us all? So many questions, so few answers, and inquiring minds want to know. But it sounds like your complaints have been heard, and I think by the god that Goldman Sachs works for, thank you mutherfucker. Where before they were just shaking us by our heels, now they're turning out pockets inside out while we're upside down... And you think he's doing a great job? Well, good things don't hurt, so shove this one up your ass.
Apparently, you've gotten far more than the tip.
duuuuuude
yer gonna force me to make shit up for you.
How about this?
Bernanke seems to like a light touch but if we want to truly further the solid but slow recovery of the world, not just America, it's time we get all the central banks together, issue SDR's and dollars at sufficiently high rates to fully recapitalize every part of the finance sector, of the efforts to spread democracy to underprivileged Muslim nations (which is the most effective way to thwart terrorism) by ensuring more cost+Plus contracts go to Raytheon and STOP WORRYING about silly budget deficits and ... finally bite the bullet and admit we have too much of a danger of deflation.
Inflation is already very low so if we can't stem the bleeding we risk gas and oil prices dropping to dangerously low levels.
Now you see what I did there mini-B?
I wasn't gonna write this shite for ya but come on ... YOU CAN DO EEEET.
Oh uh, yeah, ummmm to answer that question more directly, we hold
Chickenshit 3's of '07, that's 2107
Indacrapper 12's of 30
Updarear 17's of 3000
Apissload of zero coupon perpetuals
Holyshit 12's of 13 and
Whatthefuckisthishit 7's of 09
So yeah, I mean we didn't mislead you, the Swaps Are Riskless based upon our own judgement, it's the collateral that's fucked. OK?
3's of 2107? Can I get in on that?
They're at a premium, right?
Senator, I'm afraid that was a one time offer made to us by the ECB with respect to the PSI in exchange for funds matched by the monies expropriated from private accounts by the Bank of Greece for which we are acting as custodian for the Rothschilds interests in the City of London. We purchased the obligations at a dollar price of 122 1/2+ 1/164th and in our judgement as a category 3 asset, shall be holding them at the greater of cost or market value in compliance with Generally Accepted Don't Bullshit A Bullshitter Bookkeeping Principles.
big toothy grin from ear to ear expressing a serious whatddyagonna do about it, huh attitude, mutherfucker, 'cause if you ask one more question I'll cut your Caymans and Luxembourg account payments off, asshole
+1 knuks
Nice !
Love the Luxembourg and Caymans references in the fine print.
While they're at it, why not buy the missing portion of the MF Global customer accounts on the thought that JPM will be good for it at some point... the Fed appears to have 'the funds', and it's a relatively trifling amount....
Haven't they said testified that they didn't buy European debt?
Full employment, price stability..............and buying Euro bonds.
Did the 5 big US banks buy EU debt with bailout $$$ ? (they own like 97% of it)
Their irresponibility knows no limit.
How much ya wanna bet they're not eating iPads in that photo?
They're wiping my sperm off their lips... I jacked off in the cream of mushroom soup...
Tyler, how goes that class action lawsuit with the Pressman Hotel over the urine content of their soup?
An AAPL a day keeps the muppets away.
http://www.youtube.com/watch?v=mRWZoCqnDhE
This is all completely disgusting and more importantly ILLEGAL! Taxation without Representation is when taxes go to bullshit like this (and remember when gov organization prints as the fed does it is essentially more regressive taxation much worse than say sin tax since it's essentially forced sin tax on all of your purchasing and your entire life).
Laws only count if there is a mechanism by which they can be enforced. Does that apply here?
eh? illegal? anyway, legal or not, it's standard practice for Central Banks. it's called FX reserves... of course the accumulation of FX reserves is something that usually all the other Central Banks do - the FED did not need it during the gold standard and did need it even less since the dollar is the global reserve currency - hence the trillions of USTs on the balance sheet of the Chinese, Japanese and european central banks...
of course, IF the dollar loses the reserve currency status it will need more FX reserves...
Yes, it is illegal under the Federal Reserve Act of 1913. The fact that other central banks do it does not matter. They operate under the laws of those countries.
utterly bullocks. I went through the Act and some summaries of the 200 laws regulating the FED. Not illegal. Just a question of politics involved. FX operations are usually directed by the Treasury and executed by the NY-FED, that's all. The whole debate of legality/illegality is centered on the open market transactions through the Primary Dealers.
The FED/Treasury complex holds FX-reserves in the form of foreign bonds since the times where you had to hold some of the reserve currency bonds for Central Banks operations - of course between 1913 and 1945 those were the British Pound Sovereign Bonds.
Capitalist
Another sign pointing to One World Government, One World Bank and One World Economy.
"Fed now holds 'a very small amount of European Sovereign Debt".
Translation:
should really say, "Fed now holds a very, very, very immense amount of European Sovereign Debt."
He's buying back the salted gold bars that Clinton unloaded on the world market
http://www.americanfreepress.net/html/gold_bar_scam_215.html
Buying tungsten is a good start on the way to ridding the system of paper. This is a small step in the right direction by the Fed and an acknowledgment that gold might just be better than paper.
1) Run the price of gold up.
2) Link currency to gold.
Make more Gold bars?
Bernank is looking for rumplestiltskin to solve the world's debt problems by spinning straw into gold. If anyone sees him or has his cell phone please forward it to the Bernank ASAP.
Does "very small amount" on a scale of quadrillions mean hundreds of billions? I bet you it does...
Oh and BY the BY, this is for Million Dollar Retard... the system that you belong to or want to belong to is fighting to stay alive... all those caught on the wrong side will end up as examples.
The pen has hit the paper...
my roomate's sister makes $85 hourly on the computer. She has been fired from work for 6 months but last month her paycheck was $16158 just working on the computer for a few hours. Read more here ..... http://lazyCash9.com
Does it have a web-cam:)
Trying to find a more "flexible" partner?
This violates the Federal Reserve Act.
They are really getting brazen lately, they really don't care and are now just showing everyone their cards. What are you going to do about it attitude?
Rules are for suckers.
Does anybody have any doubt that Bernanke, and his handlers, think they are above all laws? They are the alpha. They are the omega. They are everything. Just ask them.
I still say in 2009 the new system began. It is the system of unlimited printing. There is no regulator on their HP 92000 Laserjet. There is only one way forward and that involves a ton of toner. Just don't get any on your shirt. It is a bitch to get off. Don't use water. You have to vacuum it.
With attitude, I shit into a box, maked it AAA, and threw in a 100 Trillion Zimbabwe note. I will be taking this thing up to the Cleveland branch of the Fed and applying for a swap line with this as collateral. I am willing to bet I could get a billion for it, park it in short term treasury, and collect a nice interest payment on that.
@fatsac "Brazen"? this is just a warm up. wait until after the election when the Obamination has more "latitude"
or the USS Enterprise is bombed/sunk or the Media gets race riots begun in Fla
any red flag will do.
MonsterBox
""Brazen"? this is just a warm up. wait until after the election when the"
The next administration solidifies the groundwork for further incursions into the One World Government realm.
...and the Federal Reserve Act violates everything.
This shit keeps up there is going to be a million "minute" man march on DC soon enough.
"The beauty of the second amendment is that it will not be needed until they try to take it." -Thomas Jefferson
never going to happen, act accordingly.
This violates the Federal Reserve Act.
Well yeah, but in turn the Federal Reserve Act violates the US Constitution. So, no problem there, as the government and its cronies have no problem with breaking that law.
What the fuck is this "constitution" thing you keep speaking of?
Is that the outdated document that died at Fort Sumter? Is that what we are talking about?
That was for The Republic. We stopped being a Republic because Lincoln, and his masters, hated the Republic. Got it?
Centralization, bitchez.
Constitution? It is what I used to wipe my ass with while I put together some more collateral for a Fed swap line I for which I am applying.
Here's the text (I think):
Every Federal reserve bank shall have power:
Purchase and Sale of Obligations of United States, States, Counties, etc., and of Foreign Governments(b)
Does this mean they can buy <6 month paper?
I think the optimal words are "fully guaranteed"..... I wonder if they are buying CDS's on the paper to demonstrate confidence to the CDS Ponzi (oops I mean market)
deleted double post
This drafting sucks shit through a straw... a colon and parenthetical numbers or at least semi colons after each permitted action should be included... it's just one giant run-on sentence. As a result, once you get past reclamation districts, it's not really clear what it says.
I think it would help clarify things if you would bold the phrase "and obligations of" and leave "or fully guaranteed as to principal and interest by" unbolded. It should also be noted that there appears no six month limtation on the foreign government obligations... (notice how it's included for each and every other class of bond/obligation purchase).
Clearly, a foreign government isn't going to guarantee an obligation of a united states' state agency... so, I don't think that's a reasonable interpretation...
Seems to me like it's a retreat on this issue and make sure this is actually the law and it was properly enacted, etc... (all of which are long shots).
I agree entirely, but particularly with your first paragraph. Makes you wonder whether confusion and room for competing interpretations was the intent.
The way the bolding is (now permanently) set in the post is probably the lesser of all of the evil interpretations. I think your suggested arrangement, which is far, far broader, is how they would argue it though.
I think you have to give ties to the runner... in this case, if it is a plausible interpretation of the statute, then the FED can't be held accountable... [this is also why government should NEVER intrude in these matters because the drafting is incredibly technical and the people working for the government cannot draft shit... most of whom have proven this fact by being run out of private practice].
deleted.
Your best post ever, congrats.
Here's the link
http://www.federalreserve.gov/aboutthefed/section14.htm
violates is too kindly put -- this rapes and pillages Fed Res Act as well as all other gov acts and standards and practices. But alas, it shall all be corrected with due time.
How does this violate the Federal Reserve Act? All it is is a QCMMPEFEOS, Quantitative Currency Manipulation Market Purchase Exchange Foreign Easing Operation Strategy. It's what Thomas Jefferson was talking about in the Ghettiesburg Address.
I thought it was mentioned during George Washington's "axis of evil" speech when he begged the people to allow him to keep his dog Checkers.
Call Eric Holder!!
New Rules:
Purchase and Sale of Cable Transfers, Bank Acceptances and Bills of ExchangeAny Federal reserve bank may, under rules and regulations prescribed by the Board of Governors of the Federal Reserve System, purchase and sell in the open market, at home or abroad, either from or to domestic or foreign banks, firms, corporations, or individuals, cable transfers and bankers' acceptances and bills of exchange of the kinds and maturities by this Act made eligible for rediscount, with or without the indorsement of a member bank.
We lose again via inflation.
How many times can we call Eric Holder a "douche bag"?
how many zeroes are there in a "milliard"?
Nine, but I digress.
Anyway, Mr. Holder is unavailable right now.
His -ahem- Justice Department representatives are busy arguing that the penalty for not buying health insurance IS both a tax and, at the same time, NOT a tax.
Do we have clearance Clarence ?
What's our vector Victor?
Huh?
They already violated 7 billion people worldwide so why would a piece of paper matter...
Who cares, I mean its not like America is going to do anything.
WHAT?
Don't you know that rules and laws no longer apply to DEMOCRATS, silly?
Just ask ANYONE at CBS/NBC/NPR/CNN/MSNBC/CNBC/ABC/WashPost/NYtimes!
"Unusual and exigent circumstances existed", thusly declaring themselves above the law.
Yes, it absolutely does. Congress can now move forward and revoke it's Charter. Yea, right.
The jackoffs like MDB don't care about laws
They have been violating the constitution ever since they displaced gold and silver and you are worried about the Federal Reserve Act?
Laws, like taxes, are for the little people.
laws are just words until they're enforced.
You see, this is actually good news for those who stand for justice, for several reasons. The least of which is this indicates that the pressures are far too high and the game too deep... we are very close to seeing the second reiteration of Lehman on a global scale...
Ha Ha
Good one!
Prudent investing on the part of Bernanke! Doesn't reek of cronyism at all!
burp!
Bullish!! This should be good for another 200 point DOW boner up the keester.
Pigs at the public trough
Out of control!
It's outrageous that it takes what appears to be a slip-up for this fact to come to light.
FED = Fueling Eternal Debt!
Fleecing Everyone Daily
Not "Everyone". Just everyone that isn't a Fed good 'ol boy.
Free Easy Dough
FED = Fucking Economy Dummy! Not the DOW = Despot Occupants Winning
the dollar is dead in 2012. and when the derivatives implode timmay and his butt buddy bernank will be bailing out the whole world with dollars. why do you think stocks are rocketing up? everyone wants out of paper
Excellent! The thing that will raise the maximum amount of outrage against the Fed is confirmed.
As for the excuse, of managing reserves, pfffft. Just more smoke and magic from the counterfeiters.
The Fed's new mandates:
1. Make sure the stock market keeps rising
2. Enrich the Wall Street bankers
If the Fed (a private bank) now owns the world, why isn't everyone in the world demanding a complete audit. I mean, if what the Fed is doing is not criminal, then why wouldn't those private entities and names behind the Fed (collecting all that interest) be willing to show themselves in the light of day?
At some point the Fed won't give a FF about being audited or not...
This is the final phase of the game... Flood the world with infinite amounts of worthless money... Meanwhile, hold on to as much of it as you can to fill your personal bunkers with gold & critical commodities... Try to keep the sheeple as distracted & entertained in the process & you have a good chance of hoarding most of the loot when the end finally does come...
Let them wander around starving for a bit of time... Then when they can't take it anymore, skip on it with THE SOLUTION... (a new central banking system based on GOLD, which they have stockpiled in mass quantities)...
yes, many have said that the greatest transfer of wealth the world has ever seen will occur when gold is once again re-valued. Of course, might want to check the physical compostition of certain stashes. History is littered with governments that tried to physically manipulate gold holdings to make them look bigger than they were by variuous physical manipulations of the metal. And yes they will always care, hence there will never be an audit. Some big players got burnt by MF-global. Players, that could easily fund private armies with significant firepower.
I'll say one thing... Despite the daily bash that goes on here at ZH (vis-a-vis "kicking the can")... I can honestly say that having been thoroughly UNPREPARED for most of my adult life for what is to come... I'm actually grateful for the extra time that "kicking the can" is providing me in getting myself as ready as possible...
I only regret my "weak spot" for white water rafting trips...
"I'm trying to keep it down."
"Me too."
"Dudley?"
"Yeah."
Ron Paul : )
Is anyone really suprised?
I'm shocked! I'm totally and completely shocked!!!
Gambling is not allowed at Bushwood.
Let's see.
The Non-Federal Reserve-less Non-Bank, which has done an illegal end run around the prohibition against buying U.S. Treasuries from the U.S. Treasury by buying said Treasuries in the "secondary markets," and whose balance sheet has risen from 360 billin to 3 trillion USD in the last 4 years (that balance sheet expansion being a massive factor for inflationary forces/U.S. currency debasement) is now also buying foreign government sovereign debt...
...wow.
Is there anyone who is going to call a spade a spade, and even ask our check-and-balance arm of government that exists in the form of the judiciary, whether The Federal Reserve is acting in conformity with our laws?
I think you know that answer all too well TIS.
pods
NDAA
Nobody Dares Ask Anything
Thank you, ZH. This article served to get my drinking started a little earlier than normal today.
The Bloody Mary 12-Step Program®
...for those of us who have been to AA and found it not quite our style.
My name is X-Man and I could be an alcoholic, but I've chosen not to because I hate joining groups and going to meetings. I do like to drink, on occasion, moderately, or maybe not so much, but only when there's time, which is always.
I don't think alcoholism is actually a disease or a disorder. Rather, I believe that it's another stupid idea from people with no sense of decency, adventure or desire to have any fun at all during the course of one's life, but rather impose their will - like we asked (we didn't) - upon others because of some overriding moral compass that tells them puritanical behavior is best for all.
The people who drink alcoholic beverages (we are legion, by the way) and those who casually imbibe spirits without regard to their health and general welfare should be able - as adults - to do as they please, without some nagging Nanny nincompoop telling us that such activities will lead to loss of income, love and/or life. The world is full of people who drink, drank, have drunk, are still drinking at all levels of expertise without suffering in the least. Maybe a bit of a hangover or temporary memory loss, but really, should we have to remember every damn little thing we've ever done?
There are 12 steps to making one of the most delicious Bloody Mary's you've ever had. This small guide takes you through the steps, one by one.
1. Get a glass, preferably a tall, 12 to 16 ounce tumbler.
2. Fill glass about 3/4 full with ice.
3. Add vodka (or gin, your choice); 1 to 3 shots depending on your particular level of drinking expertise.
4. Dash of pepper.
5. Dash of garlic-pepper spice.
6. Dash of celery salt.
7. Splash of hot sauce
8. A healthy dose of Worsteshire sauce
9. 1/2 teaspoon of horseradish
10. Splash of orange juice
11. Fill remainder of glass with tomato juice.
12. Squeeze in a wedge of lime (or lemon, your choice, but really, lime is better, honest.)
There's more, but I'm busy drinking...
My preference is make step 2 (adding ice) the last step. Mixing all the ingredients is easier and more thorough without the ice in the glass, especially thick things like horseradish. The disadvantage to adding the ice as last step is that the mixture tends to splash outside the glass as ice is plopped into the glass. So, I use a tong to lift first ice cube into glass. Then I use tong to add each ice cube by placing it (carefully, gently) on top of previous ice cube in glass. After the ice cubes are placed in the drink, I give it final stir. It is more trouble to do make Bloody Mary this way, but for me the mix is better, plus I got nothing better to do than to take more time constructing the Perfect Bloody Mary.
Global Debt Crisis
The greatest private fraud of human history.
Who are the great fraudsters who are becoming the murderers of the human kind? How does the economy "illness" threaten Democracy and the freedom of people?
http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html
---------------------------------
By knowing what happened in indebted Greece, where loan sharks created “bubbles” and the current inhuman debt, one can understand the inhuman plan in total ...understand where this plan started just to bring all states at the same end ...understand how this type of plans are established...
Authored by PANAGIOTIS TRAIANOU
This thing can't collapse fast enough. I'm tired of these people getting away with the constant bullshit.
Alas, It's the new "Normal"
When Bernanke says "small", it is 1 trillion.
That is small.. in comparison
It's just a mint; look it's wafer thin.