Prime the Printing Press

photo credit: PhotoGraham That is the call as the bankers bailout of US$700bn gets rejected by US Congress. Meanwhile the US Fed has the printing presses running at just about as much – US$630bn. Kohler says: Essentially Congress has ensured that for the moment...

Next Bailout – Hollywood!

One can only laugh when such a blatant shock doctrine exercise as this bailout tries to get through. If only some Hollywood stars were included then the bankers bailout might work. Warren Buffet should know better. A forensic investigation must take place before...

Bailout brings US Hegemony to its knees

photo credit: amirjina Can someone please write in their diary June 2024? Because that’s when we are going to start warning about the next big bailout for bankers. If we do not learn from the horrors of this downturn and collect the economic rent that accrues to...

Bankers, Bailouts and Handouts

photo credit: Arturo J. Paniagua Officials worldwide are scrambling to avoid a run on the banks, such is the fear sweeping markets. Rarely do you hear the need for statements by government finance honchos like Paulson (US) and Tanner (Aus) that the banking system is...