Bernanke’s recipe for ‘too big to fail’ is the root cause of global economic depression of unprecedented level between now and 2020
Paula Zuba
Oct. 2, 2009
US Fed Reserve Chairman has an excellent recipe for curing the financial mismanagement phenomenon in large US institutions. According to Dr. Bernanke, large financial institutions should face a costly combination of higher capital requirements, tougher regulation and higher insurance premiums.
That is actually the main reason why the world economies are headed South for a deep unprecedented depression. Instututional greed and finacial mismanagement is being replaced with Government whims, bureaucracy, and total inefficiency.
The stimulus money was not spent well in any country. The borrowed cash will haunt many developed countries as they struggle between now and 2020 to pay the debt load of trillions of dollar they have wasted to put coma stricken economies on life support systems.
Source:-
http://www.indiadaily.com/editorial/20938.asp
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Gold price smashing and India's Gold Monetization Scheme have a connection.That is,preventing Indians, from BUYING PHYSICAL Gold,and manipulating the price of PAPER GOLD With the Derivatives!
It is reported that the central banks have sold their Gold at high prices,and they want buy them back at lower prices,after smashing the same.
The vested interest also,want the money to flow into equities,instead of Gold,so that the US Dollar could be strong.
Cashless Society,for confiscating the wealth of Indians via NIRP,is being planned.
NIRP will be ineffective with cash around.
Land,Silver,Gold,Cash and other tangibles are taboo,in a Cashless Society.Cashless Society and the resultant,Electronic Transactions,will help the Hackers a lot,as an "entry point", is being provided to them,via the Electronic Transfer,which in "ordinary" Banking,is NOT available to the Hackers.
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IMF And World Bank DICTATORSHIP Of India Under M M Singh
AS PER STIGLITZ,THE IMF AND THE WORLD BANK DEMAND THE FOLLOWING FROM NATIONS,RULED BY THEIR PUPPETS:-
1.PRIVATIZATION
2.LIBERALIZATION
3.MARKET-BASED PRICING
THIS IS HAPPENING IN INDIA.
PLEASE GOOGLE FOR:-IMF RIOT
1.PRIVATIZATION
2.LIBERALIZATION
3.MARKET-BASED PRICING
THIS IS HAPPENING IN INDIA.
PLEASE GOOGLE FOR:-IMF RIOT
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