Prepare For Global Inflation - By National Inflation Association (1/12/11) PDF Print E-mail
National Inflation Association   
Thursday, 01 December 2011 11:50

The Federal Reserve along with the European Central Bank, Bank of Canada, Bank of Japan, Bank of England, and the Swiss National Bank are all lowering their U.S. dollar swap rates by 50 basis points! This is going to create massive worldwide monetary inflation and flood the world with U.S. dollars!
 
The Fed claims that these coordinated actions will enhance their capacity to provide liquidity support to the global financial system in order to "ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity."
 
It was also announced this morning that arrangements have been made to establish temporary bilateral liquidity swap arrangements so that liquidity can be provided in each jurisdiction in any of their currencies should market conditions so warrant. Although the Fed said, "there is no need to offer liquidity in non-domestic currencies other than the U.S. dollar" at this time, the stage is now set to create massive worldwide monetary inflation in other fiat currencies as well. The whole entire global fiat currency system could soon come to an end. The only solution to the upcoming hyperinflationary crisis will be a global digital gold backed currency.
 



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Leaping Toward The Keynesian Dream - By Jeffrey Tucker (1/12/11) PDF Print E-mail
Jeffrey Tucker   
Thursday, 01 December 2011 11:47

Daily Reckoning

The Fed’s latest inflationary scheme sounds like a technocratic innovation. It lowered the costs of currency swaps between central banks of the world with the idea that the Fed would do for the globe what Europe, England, and China are too shy to do, which is run the printing presses 24/7 to bail out failing institutions and economies. In effect, the Fed has promised to be the lender of last resort for the entire global economy.

It sounds new, but it is not. Following the Second World War, John Maynard Keynes pushed hard for a global paper currency administered by a global central bank. This was his proposed solution to the problem of national currency disputes. Let’s just take the inflation power away from the national state and give it to a world authority. Then we’ll never have to deal with a lack of coordination again.

The idea didn’t fly but the institutions that were supposed to administer such a system were nonetheless created: the International Monetary Fund and the so-called World Bank. It didn’t work out that way. Instead, nation states retained their monetary authority and the new institutions became glorified welfare providers, conduits for transfer payments and loads to developing nations.



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The Hallmark Of The Fed Is Duplicity, Or, What’s Risky Is Safe - By Rob Kirby (29/11/11) PDF Print E-mail
Rob Kirby   
Tuesday, 29 November 2011 09:53

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American's Comfortably Numb On The Highway To Economic Collapse - By James Quinn (29/11/11) PDF Print E-mail
James Quinn   
Tuesday, 29 November 2011 09:51

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Multi-Trillion Bank Bailout Leads To Multi-Billion Bank Profit Bloomberg Finds - By Tyler Durden (29/11/11) PDF Print E-mail
Tyler Durden   
Tuesday, 29 November 2011 09:50

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