Gargoyles Guard Funny Money™ For Santa Claus
It is Friday and everyone will go home and sleep like babies. All is well. The US Fed has found ways to feed the Debt Monster and the Derivatives Beast and so we will continue on the course of infinite debt. The TAFL window run by Helicopter Ben is DOUBLING the amounts it is lending to all and sundry. Including a host of bankrupt European banks! So long as the Fed can pretend to not be bankrupt, they can prop up the entire G7 banking systems. Because the Fed is DOUBLING its Funny Money™ output, pundits are claiming, 'The Banking Crisis Is OVER! Open the party keg of beer!' The yield curve between the value of bond and the new super-low rates now mean we will have a super-duper bubble. One that will save all the wealthy people on earth. And kill us mere mortals.
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