Oni koji traže dobre vijesti ih mogu naći na Islandu. Međutim, dobre vijesti za Island su ujedno i loše vijesti za Veliku Britaniju i Nizozemsku. Nekih 93,1 posto islandskih građana je na referendumu glasovalo protiv sporazuma s bankama, masivno "Ne" je zasigurno jasan signal javnog gnjeva.

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The head of Germany's debt agency has warned that Greek withdrawal from the euro would have calamitous effects and destroy Europe's monetary union.
"If one member of the eurozone were to step out for any reason, this would be a collapse of the entire system," said Carl Heinz Daube, director of the Finanzagentur. "It would mean that after ten years, the euro experiment has ended."

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And with that Japan joins the competitive devaluation currency race, in which both the SNB and Federal Reserve have a substantial head start (the euro and the fat Brussels bureaucrats are in a ouzo daze, with no clue what the hell is going on). Speaking before lawmakers BOJ governor Masaaki Shirakawa, who recently said Japan was powerless to fight deflation on its own, has changed his tune, and today said that Japan will print the kitchen sink if it has to to beat "stubborn deflation."

In a speech before the Lower House Budget Committee Shirakawa said that not only will Japan continue monetizing its debt (at least unlike Bernanke, he admits it), but that they will happily accelerate this action if it means killing the Yen and creating a glimmer of hope for inflation. Carry traders everywhere rejoice.

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In a speech before the UK Treasury Select Committee the Chairman of Goldman Sachs Bank, Gerald Corrigan, who also happens to be a former New York Fed President noted that it is not Goldman who is at fault in the whole Greek swap fiasco but Eurostat, "which was consulted on the transaction at the time it was entered into and which offered no objection." What is troubling is Corrigan's revelation that "Goldman Sachs was by no means the only bank involved with countries in these types of transactions... These transactions were not limited to Goldman Sachs and Greece." Just whose debt numbers will be put under the microscope next?

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Charlie Munger, Warren Buffett’s longtime business partner in Berkshire Hathaway, warns in a new column that the U.S. economic empire is crumbling before our eyes, thanks to federal debt and poor planning.

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"Znate šta? Sve to uopće nije bitno. Ništa od ovog takozvanog novca zaista uopće nije od nikakvog značaja.

Sve je to samo iluzija", dodao je Guverner Federalnih Rezervi Ben Bernanke vadeći novčanice iz svog novčanika i mašući njima ispred očiju svih onih koji su se nalazili blizu njega. "Samo ih pogledajte, besmisleni papirići s odštampanim brojevima po sebi. Bezvrijedni".

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"You know what? It doesn't matter. None of this—this so-called 'money'—really matters at all. It's just an illusion," a wide-eyed Federal Reserve chairman Ben Bernanke added as he removed bills from his wallet and slowly spread them out before him. "Just look at it: Meaningless pieces of paper with numbers printed on them. Worthless." According to witnesses, Finance Committee members sat in thunderstruck silence for several moments until Sen. Orrin Hatch finally shouted out, "Oh my God, he's right. It's all a mirage. All of it—the money, our whole economy—it's all a lie!"


For decades municipal bonds have been considered one of the safest income plays on the planet. These bonds are not backed by the Federal government (with its printing presses). We all know about California's problems. California represents 13% of total U.S. GDP, is the seventh largest economy in the world and has well over $500 billion in total debt outstanding (largely muni paper). The fact of the matter is that we are on the verge of a muni bond crisis.


In order to stay afloat the US Government has been refinancing debt that comes due, simply stated, it issues new debt for debt that matures. A record drop in  foreign holdings of U.S. Treasury bills in December sent a reminder that the government might have to pay higher interest rates on its debt to continue to attract investors. The Treasury Department said foreign holdings of U.S. Treasury bills fell by a record $53 billion in December. That topped the previous record drop of $44.5 billion in April 2009. Now you can see the problem.


The estimated liability in the global derivatives market is 1000 trillion dollars.

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Dollar-denominated risk assets, including asset-backed securities and corporates, are no longer wanted at the State Administration of Foreign Exchange (SAFE), nor at China’s large commercial banks. The Chinese government has ordered its reserve managers to divest itself of riskier securities and hold only Treasuries and US agency debt with an implicit or explicit government guarantee. This already has been communicated to American securities dealers, according to market participants with direct knowledge of the events.

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Agenti britanske obavještajne službe MI5 su otkrili da su se muslimanski doktori obučeni u nekim od vodećih britanskih bolnica vratili u svoje zemlje da bi kirurškim zahvatima sise punili eksplozivnim implantatima. Samoubojicama ženskog spola koje je regrutovala Al-CIAda su tehnikama sličnim onima za podizanje dojki umetnuti eksplozivi u tijela. Bombastične orgije zagarantirane!

U istrazi o ratu u Iraku, Clare Short tvrdi da je Tony Blair lagao svom kabinetu i doveo u zabludu parlament.

Priroda se kao za inat svima pobrinula da ova zima bude jedna od najoštrijih u posljednjim desetljećima. Da li britanska vlada kuje urotu protiv suđenja u aferi globalnog zagrijavanja, takozvanog "Climategate" skandala?

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U jednoj od najvećih akcija skupljanja humanitarne pomoći koju je povijest ikad vidjela, poziva nas se da moramo obnoviti Haiti, zemlju uništenu prirodnom katastrofom.

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Kako stvari stoje, veće su šanse da na vrbi rodi grožđe nego da dobiješ na lutriji. Najizglednije je da ćeš cijeli svoj život provesti na nekom slabo plaćenom poslu zato jer si se rodio u obitelji koja pripada pogrešnoj društvenoj klasi, onoj radničkoj. Istina ili obična predrasuda?

U nastavku kao rezultat proizlazi da nisi obrazovan, odgojen, fale ti veze i poznanstva, maniri, izgled i dobar ukus, jednom riječju, jednostavno nisi stvoren za nešto drugo.Vjerojatno bi ti bila potrebna knjiga veličine telefonskog imenika kako bi sastavio popis svih nepoštenih prednosti koje viši stalež ima nad tobom, zbog toga je toliko važno da i dalje vjeruješ u bajku o pravdi i jednakim mogućnostima.

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U uglednom Financial Timesu, izašao je prije dva-tri dana članak pod naslovom "Bankrot bi mogao biti dobar izbor za Ameriku".

Dakle, kada točno veliki dugovi zemalja poput naprimjer Sjedinjenih Američkih Država, Japana, Velike Britanije i Italije postaju preveliki dugovi? Zašto se uopće sve države svijeta usprkos marljivom radu njihovih građana guše u dugovima umjesto da plivaju u blagostanjima?

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