Thursday, July 15, 2010

I consider Central Banks buys/sells @ a great test of levels of confidence in any economy. It may be the [cont.]

best Bullshit-O-Meter of all. The U.S. Dollar purchases by Central Banks are down another 1%; down 5% just last month. Coincidence? Last month's deficit was as large as the entire year of 2007. WH rosy announcements on a new stimulus bill, the Financial Services "Reform" Bill, Jobs, Housing, Cap 'n Trade, etc. all occurred during this same time. While a huge chunk of Americans may not recognize it, Central Bankers live or die by being able to recognize BULLSHIT artists! The WH may not even know what a Central Bank is, although they may soon have to learn. However, their ego maniacal bullshit artists may think they can continue to spin bullshit to their gullible American public and escape damage. The Bullshit-O-Meter is on Obamao.

Posted via email from tunkin67's posterous

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