wednesday trading, page-43

Hi Mongo,

Love your posts, however ....

"Having said that, since when is it a jailable offense for a government or government agency, such as a central bank, to to ALL it can to safeguard the economic welfare of a country?"

As for the RBA ... absolutely. Not the slightest doubt. But I am not so sure about the FED or the ECB. No conspiracy though as I don't think they have much of a choice.

The American refusal to collect higher taxes from its citizens, leaves the FED with no other option but to monetize their gigantic debt. By doing so the FED taxes all users of US dollars without having to call it a tax. But since the USD is a reserve currency they tax the world to bail out the US ... you and me included!

I posted a video link to an extract of a speech that Marvin King gave earlier today ... listen to what he has to say. Trichet too is a bit more careful this days. Not a conspiracy .... but sure a major "stuff up"!