Archive for November 4th, 2010

By: Mike Shedlock Market Oracle Nov 04, 2010 Dr. El-Erian, CEO and co-CIO of PIMCO states several reasons why QEII will backfire. 1. The Fed is going it alone, without meaningful structural reforms 2. Emerging economies burdened by capital inflows in the wake of QEII will react with currency wars, protectionism, and capital controls... »

Jim Kirwan Rense.com11-4-10 ‘In order to save the world we must first of all destroy the world, in order to remake our world in a sustainable way.’ AGENDA 21 A partial transcript of the 9 minute video “Agenda 21 is the 1992 United Nations real declaration on the environment and development. It is the... »

JOE SHARKEY NYTimes.com HAVING been taught by nuns in grade school and later going through military boot camp, I have always disliked uniformed authorities shouting at me. So I was unhappy last week when some security screeners at O’Hare International Airport in Chicago started yelling. “Opt out! We got an opt out!” one bellowed... »

Gus Lubin BusinessInsider.com Nov. 4, 2010 Today’s chaos in Greece involves firefighters brawling with riot police to protest impending layoffs. Meanwhile the radical left has planted bombs around the country, which police are defusing in Hurt Locker-style bomb suits. Ironically or intentionally, all of this is bound to eviscerate Greek GDP. Violent riots are... »

Gregory White BusinessInsider.com Nov. 4, 2010 Riot police were called upon to tackle protesters yesterday in Dublin after they invaded the offices on the Department of Finance. The protests were broken up, but some violence involved. Check out graphic video, via The Journal, below (things really kick off at 3:30): Share on Facebook »

George Washington, Washington’s Blog BusinessInsider.com Nov. 4, 2010 As economists such as William Black and James Galbraith have repeatedly said, we cannot solve the economic crisis unless we throw the criminals who committed fraud in jail. And Nobel prize winning economist George Akerlof has demonstrated that failure to punish white collar criminals – and... »

Prof Michael Hudson SilverBearCafe.co.uk Moreover, it may well be asked whether we can take it for granted that a return to freedom of exchanges is really a question of time. Even if the reply were in the affirmative, it is safe to assume that after a period of freedom the regime of control will... »

By: Jared Levy MarketOracle.co.uk Nov 03, 2010 The second iteration of quantitative easing (QE2) is supposed to make “money easier” — make it flow from the banks to consumers to businesses, etc. The first round of quantitative easing pumped billions of U.S. dollars into the system, but not much of it made it into... »

by Robert Wenzel Economic Policy Journal There are a few important points that must be emphasised about QE2. First, this is supermoney the Fed will be putting into the system. At the M2 money supply level it could easily be twice the QE2 amount of $600 billion. Further, the Fed is going to continue... »

Economic Collapse Blog The Federal Reserve is going back to Jekyll Island to celebrate the 100 year anniversary of the infamous 1910 Jekyll Island meeting that spawned the draft legislation that would ultimately create the U.S. Federal Reserve. The title of this conference is “A Return to Jekyll Island: The Origins, History, and Future... »