the real threat-global deflation

dolcevita, the congressional elections are next week as is the full Fed board meeting. By Thursday we'll probably know who runs half the US government and that QE2 has begun.

Also the RBA turned in a loss to the government this week. The first ever.

They make real big billion dollar killings each year. They have the clout and the currency to do the governments bidding but as you said we seem to want to be the global saint: the white robed preacher of heavenly truth.