Jim Rickards on Europe’s Bank Run and why JP Morgan was late to “Puke the Trade”

May 18th, 2012

FAKE NEWS for the Zionist agenda

Jim Rickards on Europe’s Bank Run and why JP Morgan was late to “Puke the Trade”

May 16, 2012 by CapitalAccount

Welcome to Capital Account. Minutes are out from the Federal Reserve’s latest open market committee meeting, which means everyone is looking for what the Fed will do next in order to manipulate rates and thus economic reality. But what are the consequences of this manipulation? Jim Rickards, author of the bestselling book Currency Wars, is here to talk about them.

And it’s world debt day in the UK, and a number of other countries — it’s a campaign demanding an end to developing world debt. But how about demanding an end to the developed world’s debt? Is that what these campaigns should be calling for, as the US gears up for another debt ceiling showdown? And as more than one-point-two billion euros fly out of Greek banks at the start of this work week alone, we wonder aloud how much longer the ECB will continue to hold the roof while Greeks sprint for the exits?

And speaking of sprinting for the exits of debt, check out who may be standing in front of the doorway. An Australian packaging company has reportedly enlisted the Hells Angels biker gang to help with its debt collection efforts! This brings an entirely new meaning to the phrase “tough times.” Demetri and Lauren will give you their two cents during “Loose Change.”