Jesse's Café Américain

"Where such a shift in power is in favor of the governing elite, Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse. Most state sponsored murder occurs under the cover of war, revolution, or guerrilla war, or in their aftermath."
R. J. Rummel

Showing posts with label Fed Balance Sheet. Show all posts
Showing posts with label Fed Balance Sheet. Show all posts
08 October 2011

Modern Economics: The Money Masters and Modern Economic Theory - Credibility Trap

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Yesterday it was Yves Smith who took Paul Krugman to task. And I defended him in that instance in the comments. But now alas it's my t...
30 November 2009

Draining the Swamp: The Fed's Tri Party Repo Machine

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A triparty repo transaction is a transaction among three parties: a cash lender acting on behalf of all holders of dollars (the Fed), a borr...
25 September 2009

Do Ben and Tim = Thelma and Louise?

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One cannot help but note that Team Obama is trying to derail serious proposals regarding financial reform for Wall Street at the G20 meeting...
22 August 2009

When At First You Don't Succeed, Bring In the Reserves

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Someone asked why Bernanke seemed so positive about the US recovery, and what he would do if his prediction turned out to be incorrect. The ...
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