The only way to exit is by the door the Fed came in. It barged into the market buying up toxic assets and Treasury notes and bonds. In order to get back out the door, it has to get rid of all the debt it gobbled up.
December 3rd, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "george bush"
Gordon Brown Pronounces New World Order
“Nothing very important, but the media makes a big thing of it. They kept talking about that G20 meeting – as if they were going to change the whole world – New World Order and all that…but what could they change? These hotshots at the banks took some bad bets. Now they’ve got to pay for them. What’s all the fuss about?”
April 6th, 2009 | Bill Bonner | 1 comment | Continued
Bush Sees No Problem With Waterboarding
Mr. George W. Bush, 2000 years after the birth of Christ, and more than 200 years after the U.S. Constitution banned the use of ‘cruel and unusual punishment,’ said he saw no problem with waterboarding…
February 11th, 2008 | Bill Bonner | 2 comments | Continued
