Geithner is the quintessential insider who is now preparing to get paid handsomely for all of his time in “public service.”
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Matt Taibbi has a wonderful way with words. It’s too bad he doesn’t have any answers.
Geithner’s too smart not to know that the committee knows he’s guilty and so he is keeping his mouth shut.
This is why the powers that be in the euro-zone are so anxious to put in place a permanent mechanism to save the banks: they’re being bled to death by investors who want their money.
The patching together of an unworkable and liberty-destroying system – the European Union – continues to be sold as the best thing to do in a bad situation. All without mentioning that the main theme is to use the crisis to promote the Euro-dictatorship: “From out of chaos, order.”
We all knew this was coming, didn’t we? Just a matter of time. The fiscal clock is ticking for the US of A too. One comment I saw indicated that this downgrade will help Japan’s government move ahead with more government cuts. Fear hasn’t motivated them yet. Why would this change anything? Stay tuned. We’re next.
Free markets, in the full sense of the phrase, exist only in the minds and imaginations of free-market economists from the Austrian School, such as Ludwig von Mises and Murray Rothbard.
There is certainly plenty of blame to go around, and it looks like there will be criminal charges filed too. The biggest lie, however, wasn’t mentioned: