4-mega

[don]

1234

[lektrode]

Re: 4-mega

this wasnt quite the imagery eye had in mind, but the sound effects are precisely.
someone should get that guy (on dons post) on TV in The US

[davidstvz]

Re: 4-mega

Thanks for posting.

[Mega]

Re: 4-mega

Mega

[bpwoods]

Re: 4-mega

Hi Don,

Ask Mega to put up a clip form the film which features the actor whose pic is decorating his masthead. Verrrrry interessssting! Tick tock!

Brian

[don]

Re: 4-mega

the Italian case in point (regardless of the program, where's the representative government)

Telling Italians that the fate of their country and the euro was at stake, Prime Minister Mario Monti unveiled a radical and ambitious package of spending cuts and tax increases on Sunday . . .

Mr. Monti is both prime minister and finance minister . . .

Mr. Monti took the steps in an emergency decree, which means they will take effect before he presents them to Parliament . . .

excerpts from today's NYTimes

[don]

Re: 4-mega

Jim Kunstler had some good lines this morning - his principal contribution of note . . .

Things are really flying apart now . . . just in time for Santa Claus.

Yesterday's "hair-cut" will be tomorrow's "throat cut" . . . .

Will somebody please follow Eric Holder down a hallway and see if he leaves a trail of sawdust on the floor.

The clowns and villains who run America have accomplished something really epic: they have vanquished meaning. Nobody knows what anything means anymore. Anything goes now. All bets are off. It's not reassuring.

http://kunstler.com/blog/2011/12/sus...vlization.html

[don]

Re: 4-mega

As the markets settle down after the big move by the central banks to stabilize the situation in respect of Europe, we find ourselves thinking of the speech the Federal Reserve’s Ben Bernanke gave at the National Press Club on November 21, 2002,* when he was but a governor and not yet chairman. The speech, entitled, “Deflation: Making Sure ‘It’ Doesn’t Happen Here,” offered an explanation of how the Fed would operate, hypothetically, once it had already brought its main monetary policy tool, the Fed Funds rate, to zero.

It was this speech that contained the reference to the Fed’s ability to print dollars that earned Mr. Bernanke the sobriquet “Helicopter Ben,” after Milton Friedman’s explanation that the Fed could figuratively drop money from helicopters if it had to.
Now that the Fed has held the Fed Funds rate near zero for several years and has committed to keep it there at least through mid-2013, the speech has turned into a kind of playbook or checklist of all that Mr. Bernanke has done since and may yet do.

The famous footnote came in where the chairman, in the course of explaining the ways in which the Fed could inject money into the economy, asserted that that the Fed “has the authority to buy foreign government debt, as well as domestic government debt. Potentially, this class of assets offers huge scope for Fed operations, as the quantity of foreign assets eligible for purchase by the Fed is several times the stock of U.S. government debt.”

There the Fed’s own publication of the speech offers footnote 16. “The Fed,” it says, “has committed to the Congress that it will not use this power to ‘bail out’ foreign governments; hence in practice it would purchase only highly rated foreign government debt.” We wonder if anyone in Congress other than Ron Paul will remember this commitment. “Highly rated government debt” seems such a quaint concept today, nine years later, especially since the United States itself has been downgraded. And the commitment to not “bail out” foreign governments seems practically naive . . . .

http://www.nysun.com/editorials/bern...ootnote/87588/

[sishya]

Re: 4-mega

1234

I heard lots of bullshit.
EURO area will be belt tightening, but will not collapse. Maybe Euro bonds are good to buy now, especially since now everyone hates it.
FED will prevent EURO failing or else, EURO will revalue high their Gold and take the International Dollar system with them.
EURO may have high inflation but not as much as US will face. US has already printed for last 30 years, now we are all only slowly seeing this wash up our US shore.

[don]

Re: 4-mega

and the winner is . . .

(tip of the hat to Jesse)