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Friday 2 December 2011

The FED's magic act!...............from Rico

This was a Central Banker "magic act" unsurpassed in our time!
- Quite worthy of the famed Mandrake the Magician, and I guess Ben Bernanke has easily sewn up a second-career doing magic acts in Las Vegas after he leaves the FED.

It was cynical of me, I know, but given the blatant criminality and fraud surrounding the FED and the present regime I had wondered 'what' they were hiding from us with this 'liquidity swap' act (even the name is misleading, because the problem isn't liquidity but solvency).
- I had also surmised that at least one, if not several, major EUropean banks was close to collapsing.

AHA! Hiding in plain sight, but obfuscated by our Central Banker 'friends' was the 66x leveraged, $1.59 trillion asset-heavy, bank "Credit Agricole" that was flirting with failure. Holding non-performing crap assets will do that to you, you know.
- Gotta love those Fwenchies.

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