Jesse's Café Américain

Every empire in its official discourse has said it is not like the others, that its circumstances are special, that it has a mission to enlighten, civilize, bring order and democracy, and that it uses force only as a last resort. And, sadder still, there always is a chorus of willing intellectuals to say calming words about benign or altruistic empires, as if one shouldn't one's eyes watching the destruction and the misery and death brought by the latest 'mission civilisatrice.' Edward W. Said

Showing posts with label bank of england. Show all posts
Showing posts with label bank of england. Show all posts
04 April 2013

Cyprus Is Not So Much An Anomaly as the Template For the Next Financial Crisis

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This is not so much anything new , but a concrete reminder of the breadth of systemic banking risks inherent in the Anglo-American banking...
24 March 2010

Brown's Bottom: Was This a Bailout of the Multinational Bullion Banks Involving the NY Fed?

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The bottom referred to, of course, is the bottom of the gold price, and the sale of approximately 400 tonnes of the UK's gold at the b...
05 March 2009

The Bank of England Begins Monetization in Earnest

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The British Pound is headed to parity with the US dollar. This will add some sting to the economic downturn for the common people of Britian...
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