The Cavalry is on the Way: Central Banker Edition
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As Greece and Portugal are set to crash the euro, a huge bubble is set to burst in China, and the massive decline in credit (which is the real source of the money supply in our fiat-currency world) keeps declining in the US, not to worry! The minions of Goldman Sachs omniscient and omnipotent heads of the world’s major central banks are set to have a little pow-wow down under:
THE world’s top central bankers began arriving in Australia yesterday as renewed fears about the strength of the global economic recovery gripped world share markets.
Representatives from 24 central banks and monetary authorities including the US Federal Reserve and European Central Bank landed in Sydney to meet tomorrow at a secret location, the Herald Sun reports.
Since they’ve done such a bang-up job presiding over the world’s economy, shifting those macro levers of monetary policy a nano-millimeter this way or a quantitative easing that way to maintain the system in perfect equilibrium, we can now rest easy with the thought that these men have set their minds to… saving the… day…
Oh, shit. We’re doomed.
2 Comments
February 9th, 2010 at 8:45 pm
“Canadian Finance Minister Jim Flaherty said that finance officials gathering for a meeting in Iqaluit, Canada…”
They’re gathering for a meeting to discuss financial crisis in Iqaluit.
Something doesn’t compute here. They’re discussing impending financial crisis, yet they’re spending unknown sums of cash on flying everyone from all around to the most *godforsaken place on earth* to talk about it.
Maybe they can hop the Davis Strait and have a trade summit with China in Greenland while they’re at it.
February 9th, 2010 at 8:46 pm
Perhaps they’re meeting in the middle of nowhere to keep “inquiring minds” at bay. Hudson’s, that is.