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May 03, 2008

US Charity Feeds Even More Food Inflation

Berlin_town_library_closedBush wants to fix soaring world food prices by dumping many millions of dollars that will be raised by creating more US government debt. Of course, food prices are soaring because the dollar is the main currency in the world for determining the relative value of all trade goods except with Iran, of course. And so this will INCREASE inflation of food. Meanwhile, we see England falling off the same cliff we fell off. And we visit the Fed's special window for bankrupt bankers to exchange trashy bonds for Treasuries at $50 billion a pop. Far from finishing, it is actually accelerating. More bankers are doing it more frequently, not less and less! Gads! How DARE anyone suggest the banking collapse is done?

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