Old Project Avalon Forum (ARCHIVE) - View Single Post - someone familiar with Basel II comment on this article

10-01-2008, 01:30 AM

The Fed simply does not have enough cash (assets) on hand.

See here:

http://www.libertypost.org/cgi-bin/r...?ArtNum=240033

"Officials from the US Treasury Department, Japan's Finance Ministry and the European Central Bank reportedly drew up a currency contingency plan over the weekend of March 15-16, the Nikkei said, citing sources familiar with the situation. "

Notice the date!

Bernenke, Paulson and Bush were still assuring us that the "economy was on solid ground" back then.

Now Bernanke is throwing gas on the fire and doing everything he can to scare the crap put of the ordinary folks in the USA. The hyperbole is surrealistic. MSM is lapping it up like the parrots that they all are.

Bernanke tried his hardest to pillage the tax payers one more time.

Here is a link to a logical plan, doubtful it will ever get implemented though....

http://www.libertypost.org/cgi-bin/r...?ArtNum=240115

10-01-2008, 01:30 AM	#25
painter Guest Posts: n/a	Re: someone familiar with Basel II comment on this article The Fed simply does not have enough cash (assets) on hand. See here: http://www.libertypost.org/cgi-bin/r...?ArtNum=240033 "Officials from the US Treasury Department, Japan's Finance Ministry and the European Central Bank reportedly drew up a currency contingency plan over the weekend of March 15-16, the Nikkei said, citing sources familiar with the situation. " Notice the date! Bernenke, Paulson and Bush were still assuring us that the "economy was on solid ground" back then. Now Bernanke is throwing gas on the fire and doing everything he can to scare the crap put of the ordinary folks in the USA. The hyperbole is surrealistic. MSM is lapping it up like the parrots that they all are. Bernanke tried his hardest to pillage the tax payers one more time. Here is a link to a logical plan, doubtful it will ever get implemented though.... http://www.libertypost.org/cgi-bin/r...?ArtNum=240115