Lord Stirling's News Blog EUROPE

This is just the start of a much larger strategy of declaring War on Cash.

Central Banks are TROJAN HORSES designed to loot their host nations ~ link ~ 

A Nobel prize winning economist, former chief economist and senior vice president of the World Bank, and chairman of the President’s council of economic advisers (Joseph Stiglitz) says that the International Monetary Fund and World Bank loan money to third world countries as a way to force them to open up their markets and resources for looting by the West.

Do central banks do something similar?

Economics professor Richard Werner – who created the concept of quantitative easing – has documented that central banks intentionally impoverish their host countries to justify economic and legal changes which allow looting by foreign interests.

The Sum Of All Fears ~ link ~ Good One … do take the time to review this one at the link.  Stirling  

Has The Global Recession Begun In Earnest?

‘It may take less than 48 hours to take it all down’ ~ link ~ 

Whether you want to see it or not, the financial system is in a forced unwinding.
It took some 70 years to build this great credit edifice. When it goes it may take less than 48 hours to take it ALL down.

Deutsche Bank Burns ~ link ~  

Deutsche Bank management spent Tuesday and Wednesday trying to make the case that it had plenty of liquidity and a gameplan to address structural issues. They threw the hail Mary yesterday when they announced the possibility of using available “liquidity” to repurchase a few billion euros worth of senior bonds.  I have quotes around “liquidity” because, as I outlined in my blog post about this yesterday, DB is technically insolvent.

What has unfolded this week at the zombie bank is almost exactly the path to collapse taken by Bear Stearns.