Global Confidence in U.S. Treasuries Has ‘Slightly Eroded,’ Lagarde Says … Christine Lagarde, the new chief of the International Monetary Fund, said confidence in U.S. Treasuries is “slightly eroded.” – Bloomberg
Biden Says Tea Party Republicans Acted Like Terrorists … A meeting between Vice President Joe Biden and House Democrats today, meant to last an hour, went on for more than two as angry lawmakers aired their grievances. – Washington Post/Afternoon Fix
Osama Bin Laden: Mission Was to Shoot to Kill From the Start … The raid on Osama bin Laden’s hideout in Pakistan was a mission to kill him, and there was “never any question” he would be captured alive, one of those directly involved has claimed. – UK Telegraph
IMF Criticises EU Proposals for Basel III Implementation … The European Commission’s proposals to implement new global banking rules are disappointing in key areas, the International Monetary Fund said, calling for changes as the legislation is finalised. – Reuters
Fed Confronts Limited Tools to Stir Economy … Federal Reserve officials face two constraints as they prepare for a policy meeting next week amid a dismal economic outlook. First, inflation is already elevated by many measures and could become more so if the Fed takes new steps to revive the economy. – WSJ Online
Global Confidence in U.S. Treasuries Has ‘Slightly Eroded,’ Lagarde Says
Christine Lagarde, the new chief of the International Monetary Fund, said confidence in U.S. Treasuries is “slightly eroded” … “There was a positive bias toward the United States of America, toward Treasury bills,” Lagarde said in an interview on CNN’s “Fareed Zakaria GPS” … The “very strong confidence” in Treasury bonds is “slightly eroded at the moment.” … “This level of uncertainty, the trepidation arising from August the 2nd, is bringing about a lot of instability,” Lagarde said. – Bloomberg
Dominant Social Theme: We are watching the situation closely and may need to take action.
Free-Market Analysis: Seems to us as if Lagarde’s current PR tour in the United States is more of an on-the-ground attempt at building up credibility for what will undoubtedly be an attempt at implementing an IMF-led global currency. Perhaps the decision to continue to devalue the US dollar by America’s “wise leaders” has helped to ensure that the collapsing currency plays right into that scenario. Out of chaos … order.
Biden Says Tea Party Republicans Acted Like Terrorists
A meeting between Vice President Joe Biden and House Democrats today, meant to last an hour, went on for more than two as angry lawmakers aired their grievances. “I didn’t go to convince,” he said on the way out of the meeting. “I went to explain.” Biden agreed with caucus members that tea party Republicans acted like “terrorists” in this fight. – Washington Post/Afternoon Fix
Dominant Social Theme: These rabble-rousers have damaged the American political establishment.
Free-Market Analysis: The Tea Party undoubtedly had a good deal of impact on the recent establishment debate over America’s debt ceiling. And although the country is still heading down a path of financial suicide, it is not the Tea Party members and the voices in Congress who are sympatheic to their concerns who are the financial terrorists, but rather it is politicians like Mr. Biden himself. For far too long the US people have been lied to. The US dollar and the entire Federal Reserve banking system is a fraudulent cartel-like enterprise that serves not the needs of the American people, but rather the wealth redistrubution desires of a global Money Power intent on bankrupting America’s middle class and out of the inevitable chaos, centralizing the world under a global banking structure.
Osama Bin Laden: Mission Was to Shoot to Kill From the Start
The raid on Osama bin Laden’s hideout in Pakistan was a mission to kill him, and there was “never any question” he would be captured alive, one of those directly involved has claimed. The most detailed account so far of the assassination of the world’s most wanted man describes the May 1 operation in Abbottabad as a “covert mission into Pakistan to kill Osama bin Laden.” – UK Telegraph
Dominant Social Theme: America got their man … really they did! Here’s more proof …
Free-Market Analysis: Mainstream media outlets will undoubtedly continue to do their best to maintain the Osama-meme. It is necessary for the US military-industrial complex and the international war on terrorism that scripted “victories” are continually trumpeted to the masses. Of course we don’t believe any of it and think Osama bin Laden died perhaps ten years ago, likely of Marfan’s syndrome. However, you can bet we’ll be hearing a lot more about this as the 2012 US Presidential election “show” kicks into high gear. The bigger the lie, the more people believe it.
IMF Criticises EU Proposals for Basel III Implementation
The European Commission’s proposals to implement new global banking rules are disappointing in key areas, the International Monetary Fund said, calling for changes as the legislation is finalised. … “It will be important to strengthen the legislation as it is finalized, including by creating stronger common standards and ensuring sufficient flexibility for macroprudential policies,” the IMF said. – Reuters
Dominant Social Theme: We need more centralized power in order to govern accordingly. Global governance is the ideal solution.
Free-Market Analysis: The European Commission, led by José Manuel Barroso, is the executive body of the European Union and a leading mouthpiece for maintaining the illusion that the “wise leaders” of Brussels can keep the Union together and solve the European soverign debt crises by imposing more regulation and financial constraints on the banking sector. As global confidence in the US dollar continues to erode, the IMF wants even more financial regulations and the implementation of global banking rules to be advanced at an even quicker pace than the Brussels-based bureaucrats are currently moving – as if the centralized currency and political experiment in Europe hasn’t already done enough damage – just ask the average Greek. The Internet Reformation is forcing international money power to crank up the speed of their agenda and exposing the plans of international Money Power for all to see. Globalism is not the solution, decentralized laissez-faire societies with an appreciation for Austrian economic policies are.
Fed Confronts Limited Tools to Stir Economy
Federal Reserve officials face two constraints as they prepare for a policy meeting next week amid a dismal economic outlook. First, inflation is already elevated by many measures and could become more so if the Fed takes new steps to revive the economy. And, second, even if they were convinced they should act, officials don’t have tools ideally suited to fix the economy’s problems. So while the Fed is intensely exploring all the options that it has to address the disappointing recovery. – WSJ Online
Dominant Social Theme: The annointed ones at the Fed are working to rein in inflation and solve America’s economic woes.
Free-Market Analysis: This is just simply ridiculous. The Federal Reserve has had its ravenous fangs knawing into the American middle class ever since it was established in 1913. By creating money out of nothing and artifically depressing interest rates, the “wise men” running the Fed have been systematically devaluing the US Dollar to the point where a dollar today is worth about 3 or 4 cents in purchasing power as compared to the dollar in 1913. When you increase the money supply (monetary inflation) you inevitably devalue the purchasing power of all existing money that was in ciruclation before the increase. The Fed is afraid they don’t have the tools to deal with inflation? The Fed creates inflation! They are not interested in actually fixing the US economy, they are interested in serving Money Power and its desire to capture whatever remaining value there is left in the American economy as the nation’s currency is driven into the ground to pave the way for global currency consolidation. In fact anyone holding US dollars is in for a rude awakening as the PONZI scheme continues to unfold and last night’s Congressional approval of the debt-celing increase will only speed up the devaluation process and the ruination of the dollar.