Monday, September 7, 2009

BUSTED: THE U.S. ACCUSED OF A CON GAME

UN calls for new global reserve currency after concluding that the US is running a CON game on the world. Say it aint so joe. Our country cannot be possibly lying. After all we are only trying to maintain world liquididty and I do want another McMansion to match my current Frank Loyd Wright home. So I am hoping that this just more posturing from the peanut gallery. Surely the world will continue to allow the banksters to rape them without even a kiss.

“The most important lesson of the global crisis is that financial markets don’t get prices right,” Flassbeck said. “Governments are being tempted by the resulting confidence game catering to financial-market participants who have shown they’re inept at assessing risk.”

Maybe if we can provide some more newly printed greenbacks these pesky upstarts will back away from some of this gold news this weekend. After all fiat is the road to prosperity..

http://www.bloomberg.com/apps/news?pid=20601087&sid=aSp9VoPeHquI

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