Hard hitting global and local news
Excerpt from: Mutual Guarantee Society: Spain Proposes State Guarantee of Bank Loans to Small and Medium Businesses
The fully expected consequence is Student-Loan Delinquencies Now Surpass Credit Cards .
Error Over Quota This application is temporarily over its serving quota.
Ambrose Evans-Pritchard reports Eurozone nears Japan-style trap as money and credit contract again .
Error Over Quota This application is temporarily over its serving quota. Please try again later.
View original post here: Polls Shows American Believe There is Too Much Government Regulation; Government Regulation a Leading Cause of…
Read More: Attention JP Morgan Chase Customers and Credit Card Holders
Jeff Harding at the Daily Capitalist asks Why Does Hyperinflation Occur? In every modern case of hyperinflation the decision to inflate was a political one, not an economic one
For a short, yet thorough trashing of Bernanke’s defense of his policies, please see Mish Translation of Bernanke’s Statements on the Treasury Carry Trade and the Tax on Savers . The only way to fix the problem is to end fractional reserve lending and return to sound money. On this point the Austrians are 100% correct.
El Pais reports Full Spanish Bailout Increasingly Likely "The financial credibility of Spain is close to zero. Fiscal credibility is zero. The political credibility is zero.