Guest Post: As The World Crumbles: The ECB Spins, FED Smirks, And US Banks Pillage | ZeroHedgeQuicklink submitted by sebra leaves Permalink
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|Submitted by Nomi Prins As The World Crumbles: The ECB Spins, FED Smirks, And US Banks Pillage Often, when I troll around websites of entities like the ECB and IMF, I uncover little of startling note. They design it that way. Plus, the pace at which the global financial system can leverage bets, eviscerate capital, and cry for bank bailouts financed through austerity measures far exceeds the reporting timeliness of these bodies. That's why, on the center of the ECB's homepage, there's a series of last week's rates -- and this relic - an interactive Inflation Game (I kid you not) where in 22 different languages you can play the game of what happens when inflation goes up and down. If you're feeling more adventurous, there's also a game called Economia, where you can make up unemployment rates, growth rates and interest rates and see what happens.|
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