Wednesday, September 28, 2011
Peter Schiff: Government perpetuates poverty
From:
RTAmerica
|
Sep 27, 2011
USA and EU play debt blame game
From:
Euronews
|
Sep 27, 2011
Germany slams 'stupid' US plans to boost EU rescue fund
From the UK Telegraph:
German finance minister Wolfgang Schauble said it would be a folly to boost the EU's bail-out machinery (EFSF) beyond its €440bn lending limit by deploying leverage to up to €2 trillion, perhaps by raising funds from the European Central Bank.
"I don't understand how anyone in the European Commission can have such a stupid idea. The result would be to endanger the AAA sovereign debt ratings of other member states. It makes no sense," he said.
Mr Schauble told Washington to mind its own businesss after President Barack Obama rebuked EU leaders for failing to recapitalise banks and allowing the debt crisis to escalate to the point where it is "scaring the world".
"It's always much easier to give advice to others than to decide for yourself. I am well prepared to give advice to the US government," he said.
The comments risk irritating the White House. US Treasury Secretary Tim Geithner has been a key driver of plans to give the EFSF enough firepower to shore up Italy and Spain, fearing a drift into "cascading default, bank runs and catastrophic risk" without dramatic action.....read on
German finance minister Wolfgang Schauble said it would be a folly to boost the EU's bail-out machinery (EFSF) beyond its €440bn lending limit by deploying leverage to up to €2 trillion, perhaps by raising funds from the European Central Bank.
"I don't understand how anyone in the European Commission can have such a stupid idea. The result would be to endanger the AAA sovereign debt ratings of other member states. It makes no sense," he said.
Mr Schauble told Washington to mind its own businesss after President Barack Obama rebuked EU leaders for failing to recapitalise banks and allowing the debt crisis to escalate to the point where it is "scaring the world".
"It's always much easier to give advice to others than to decide for yourself. I am well prepared to give advice to the US government," he said.
The comments risk irritating the White House. US Treasury Secretary Tim Geithner has been a key driver of plans to give the EFSF enough firepower to shore up Italy and Spain, fearing a drift into "cascading default, bank runs and catastrophic risk" without dramatic action.....read on
James Turk - 'What we are looking at is worse than 2008'
James Turk discusses Gold, Silver and current market dramas with Eric King of King World News.....listen here
Keiser Report: Pax Americana Pyramid Nightmare
By RussiaToday on Sep 27, 2011
This week Max Keiser and co-host Stacy Herbert discuss "Operation Twist", "BMW Town" and other pyramid schemes. In the second half of the show, Max talks to in-studio guest Joe Weisenthal of Business Insider about Operation Twist, monetary policy and Groupon.
This week Max Keiser and co-host Stacy Herbert discuss "Operation Twist", "BMW Town" and other pyramid schemes. In the second half of the show, Max talks to in-studio guest Joe Weisenthal of Business Insider about Operation Twist, monetary policy and Groupon.
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