monetary reform nonsense watch
New Rules For Western Banks, Same Hypocrisy
The “extra capital” which (some) U.S. banks will be forced to implement over a period of seven years under the new “Basel II” accord would all be 100% consumed (plus much more) if U.S. housing prices fall even 1% more
28Jun2011 | JeffNielson | 0 comments | Continued
Odious Debt… Apologetics
“Let me be clear: I don’t like odious debt, debt peonage and Draconian austerity any more than Brown does — especially when there are vast areas of waste and graft that could be cut to balance the budget instead. But it’s irresponsible to argue that “deficits don’t matter” in order to justify cutting nothing. We need an honest focus on the key areas that could (and SHOULD) be cut and do the least real damage to the domestic economy, so that people can start agitating for that course of action. All these innumerate fiscal apologetics from “progressives” do is provide cover for the military and banking looters at the public trough.”
27Apr2011 | admin | 2 comments | Continued
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- Mortgage Lender Implosions and Updates
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- Bank Implosions and Updates
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- Hedge Fund Implosions and Updates
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- Builder Implosions and Updates
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Further to my comment of 9 August 2016, unlike the old Bank Rate system with its high interest rates, Quantitative…