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marc
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In 2008, a multi-trillion bailout of European and US banks saved the global economy from a complete meltdown, but three years later, it appears that central banks did not learn the hard lessons that brought on the liquidity crisis. The only countries left in 2011 without a Central Bank owned by the Rothschild Family are Cuba, North Korea and Iran. Economist Jim Grant spoke in an interview on November 16th with Bloomberg News that the world's central banks are now at the point where they are insolvent, over leveraged, and in default. "The Italian yields did not fall on their own. It raises questions of overall integrity of market prices. In the US the Fed has nationalized the yield curve. In Europe much the same is going on: the SNB is expanding its balance sheet at astonishing rates of speed. The world over there is seeing immense money printing and there is a huge race to debase on the behalf of the sponsors of paper money. The ECB has a ratio of non-AAA rated assets to equity of 14 to 1. What the European Central Bank has been doing is stepping in where private money fears to tread. In the private sector we call that heading for trouble... The New York Federal Reserve is leveraged 100 to one."

 

roman
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