Central Banks Now Creating Hyperinflation?

 

How Hank Paulson Broke The Law: "This Will Be A Disclosable Event And We Do Not Want A Disposable Event" - Parsing The Ken Lewis "MAC" Deposition

Submitted by Tyler Durden on 02/06/2011 18:47 -0500

Among some of the discoveries of the financial crisis is that the entire financial system is now, following the Lehman bankruptcy, built entirely on fraud. And while Ken Lewis may spend the remainder of his days on some private island with stolen taxpayer money providing for his every last wish, it was he, in following the Fed's and the Treasury's orders to make a mockery of fiduciary responsibility, that was among the first people to confirm that there is no rule of low in America, or rather whatever law there is, it only applies to the less than immortal (i.e. the sub-banker class). Below, in an indication that Zero Hedge will never forget, we present the salient highlights from the Ken Lewis deposition on the MAC clause surrounding the Merrill transition, emphasizing the threats from Hank Paulson and Ben Bernanke. For as long as neither of these three is in jail for what is documented shareholder (and taxpayer) fraud, we fail to see why the remaining 300+ million Americans continue to diligently pay their share of taxes into a government that is now beyond (and in full documentation) corrupt. Also, how BofA's lawyer Wachtell was not at all present during the discussion of the MAC clause, makes a complete mockery of the US legal process in its entirety. We wonder just when the official scribe of the kleptocracy, Andrew R. Sorkin, will write a book disclosing the truth of what happened, including a listing of all the laws broken with full premeditation by every single player, and not the watered down, PG13 (and rather expensive)version that makes everyone come out like a law-abiding superman.

A Review And Look At Key Global Events In The Upcoming Week

Submitted by Tyler Durden on 02/06/2011 18:42 -0500

The week ahead is relatively light on the data front with the US only reporting on the trade balance (likely wider), claims and consumer confidence. However, there will be a slew of speeches and testimonies from Bernanke and regional Fed Presidents, in particular early in the week. Outside the US the key policy event this week will be the BOK meeting with consensus now expecting a hike, whereas GS still thinks on balance that rates will remain on hold. The other important development to watch is China's return from a week-long holiday on Wednesday. With inflation pressures rising and the Government increasingly vocal in promising price stability further tightening measures are possible. China money supply and credit numbers will be particularly interesting in that context. Outside the macro data, the rapid sell-off in US rates and the impact on interest rate differentials will likely remain the most watched development for FX investors in the upcoming week. Finally, developments in the Middle East continue to deserve some attention, given the fluidity of the political situation and the potential spill-over into commodity markets. 

 

 

 

Another Stock Bubble Underway?

Report Card on Obama's First Two Years.

 

 

Analyst Warns of 2015 Bank Crisis Amid ‘Upbeat’ Davos.


Egypt Diverts Media Attention From US Economy   


GOP Plan Would Let States Go Bankrupt; Prospect Rocks Bond Market  


Companies Stock Up as Commodities Prices Rise.


Why Global Food Price Inflation Really Matters  




Treasury TIPS: A Looming Disaster for Small Investors


Inflation 'Higher Than Official Statistics Reveal'. 


Supermarket surprise: smaller servings, same price.

 
Bond Market Flashes Inflation Warning: Jump in U.S. Treasury yields signals market fear that Fed is behind the curve on prices