Comments on: Adventures with coordinated statements, central banking edition A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: zebra69 Wed, 30 Nov 2011 23:13:49 +0000 This is ridiculous.
Its all about US elections.
Then, when Obama is given his 2nd term he can continue the overall plan.
Can’t really have a “wackadoodle” in there,(Presidency).
Strreeettcch it out. Just keep the “Melt-Down” over the Horizon.

By: bpmf1911 Wed, 30 Nov 2011 22:16:47 +0000 Felix, you were wrong about the secret loans, THIS is what the lender of last resort looks like.

By: TFF Wed, 30 Nov 2011 21:26:50 +0000 Theme song for the day: Dg

By: KenG_CA Wed, 30 Nov 2011 18:02:08 +0000 Amacd, Obama doesn’t control the Fed. He can appoint the chairman and governors, when the current term expires, but they don’t report to him. Ben Bernanke, appointed by Bush (and renewed by Obama in a worthless display of bi-partisanship) is chairman of the Fed. Unlike cabinet members, Obama can’t fire Bernanke.

In any case, if you think the U.S. economy won’t be impacted by a collapse of the european financial system, just look at what the stock market does every time one of their smaller economies appears on the verge of default. As much as so many people don’t like it, we’re all kind of dependent on others. If you want to change that, get people to stop burning oil and buying Chinese consumer products. and then figure out a way to replace all those U.S. products that foreigners buy ($1.3 trillion in 2010). When they crash, they’re not going to have any money to buy our stuff, and it’s unlikely China will loan them money to finance imports from the U.S..

By: HipsterBatman Wed, 30 Nov 2011 17:16:35 +0000 This appears to be necessary but not sufficient. It gives a big friggin liquidity firehose that banks can access that should also tamp down on currency risk since they can borrow in currencies other than the euro. But it doesn’t fix the underlying sovereign debt issue. So, it’s a good step but until we find some way to backstop the sovereign debt we’re not out of the woods.

By: GRRR Wed, 30 Nov 2011 16:31:52 +0000 alan, copy and paste much?

By: amacd Wed, 30 Nov 2011 16:16:05 +0000 Crossing the Global Rubicon:

It is being broadly reported, as we speak, that the Obama administration will NOT allow more US taxpayer money to be used to bail-out European banks, as reported in this very USA Today article:

“And despite Obama’s promise to “do our part,” Carney said no U.S. taxpayers’ funds are needed, even if the International Monetary Fund is called on to help in any bailout.”

And YET, this key NYT front-business-page article this morning, says that the US FED WILL contribute millions/billions in ‘no interest’ money from the US FED window to European Banks: ss/central-banks-move-together-to-ease-d ebt-crisis.html?_r=1&hp

Soooooo, “what we have here is a failure to communicate” … OBAMA’s BIG LIE.

Here’s my comment to the NYT and USA Today:

Obama promised just yesterday that U.S. citizens could be sure that he would not allow any American funds (that might further peonize them) to be diverted to Europe.

Oh well, another Obama promise made AND BROKEN, but this time in real-time — so fast was the lie that it makes one’s head spin.

Best luck and love to Occupy Empire.

Liberty, democracy, justice, and equality

Alan MacDonald

PS. Oh, I know what the confusion is in Obama’s apparent bold-faced lie to American citizens. He’s actually speaking honestly, but as the faux-Emperor of the world, rather than just the president of our former country —- since what we still consider ‘our’ country is now the nominal HQ of the disguised corporate/financial/militarist Global EMPIRE, which hides behind the facade of its modernized TWO-Party ‘Vichy’ sham of faux-democratic and totally illegitimate government — just as an earlier Nazi Empire tried to hide behind its crude and single-party ‘Vichy’ regime in France c. 1940.

It is now necessary for the global corporatist media to clearly articulate anything Obama says as either coming from the nominal president of the country previously called America, or from the mouth of the First faux-Emperor of the 21st century Global Empire — the real and accomplished Fourth Reich.