Self-dealing, conflicts of interest, favoritism and arguably fraudulent conduct are not unique to the treatment of auction rate securities during the economic collapse of 2008, for these qualities can be found in everything the Fed touches. But ARSs are one blatant example hardly anyone talks about.
The deflating Dollar is the World's Reserve currency at 62% of all the money in the World and growing fast as Ben buys 'em as fast as Timmy can print them and then loans them out to the Banksters, who promptly lever that money 10:1 to buy commodities.
We've been seeing all year that higher input costs are not being passed on to the consumer - that's a margin squeeze! Do you think the people buying the market up to it's 100% levels didn't know this?
It’s a scam folks, it’s nothing but a huge scam and it’s destroying the US economy as well as the entire global economy but no one complains because they are "only" stealing about $1.50 per gallon from each individual person in the industrialized world.
In other market-shaking news, The Bernank says the Fed WILL act if inflation is "more than transitory." Apparently, he finally had to pick up the check at a restaurant this week or perhaps he pumped his own gas over the weekend.
The official story is that Bergman's position was eliminated in a reshuffling at the Chicago Fed, though that excuse feels just as fishy as the Argentina one.
The lack of water means the nuclear fuel is unshielded. Its gamma rays are rising into the sky and bouncing off air molecules through a phenomenon called "skyshine."
