Thursday, June 12, 2008
Debt Rattle, June 12 2008: A time of rapid unraveling...
US, ca. 1930: Men eating in a soup kitchen Stoneleigh: The Bank for International Settlements (BIS) is essentially the central bankers' central bank. They are warning of the potential for another Great Depression. If they were a domestic central bank, they wouldn't have the freedom to do that - domestic central bankers can only cheerlead for fear of precipitating a worse crisis.Central bank body
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