Divinely Inspired For those looking to have both their taste buds and minds blown simultaneously look no further that the Trappist Strong Dark Belgian Ale Rochefort 10. I enjoyed this thoroughly over the holiday and am going to brew a clone over Christmas…now back to the regularly scheduled program..
BBC’s Jeremy Bowen reports that much of the violence on the road to the interior ministry involved ultras, organised football hooligans, who have experience of taking on the police.
A long-haired attorney from Scranton with a passing resemblance to the The Dude, Brazil built a reputation for himself in the ’90s as a political consultant adept at winning elections and making connections. A longtime friend described Brazil to the Philadelphia Daily News in 2004 as “a man who could talk a dog off a meat wagon.”
Disaster Porn I am a sucker for it but fundamentally I think the smartest among us will stabilize the system no matter what happens. I see these events as growing pains of a very young species.
David Zervos of Jefferies wins the award for the most radical suggestion yet to solving Europe: Unilateral bond purchases by the Fed.
A mass exit from or a complete breakdown of EMU will be determined by the German stance on monetization. There have been hundreds of calls by non-German Euro area leaders, US politicians, academics and private sector business leaders to monetize. And if the Germans block it in Euros, the printing presses in Drachma, Punt, Escudo, Peseta, Lira and Francs will surely be fired up once again. In the end of course there will be more paper money in the world chasing the same amount of goods and services – that is the end game!! The path to the end game is of course messy! And let’s face it, we would all like to avoid “messy” if possible.
There is one easy way to do that – get the Americans involved. The US can force monetization at the ECB. If the Colonel deems sado-fiscalism as a global systemic threat (which it is), the Fed could act. The Fed has an account at the ECB in Euros. When the pesky Europeans borrow dollars from us on currency swaps to fund their insolvent banks we get this lovely account. And right now the
Euros just sit there! If things get messy we just jack the “unlimited” lines up, back up the forklift, and buy Euro area bonds. Lots of them. Say a trillion or two across all non-German markets. The Fed already owns nearly 100b in German and French bonds. And if anyone tries to default down the road, well we have a few hundred billion in European gold to confiscate in the basement of the NY
Fed. And if that’s not enough we just institute “annual fees” for NATO membership or start confiscating European assets in the US. If the shenanigans in Europe are going to mess up a US recovery, or even a presidential election, then there should be a serious US response. We did not spend all that money on the Marshall Plan just to have Europe blow up the world again! Good luck trading
Read more: http://www.businessinsider.com/david-zervos-have-the-fed-qe-europe-2011-11#ixzz1eN8G4Vkn
Right Now Officials In Brussels Are Threatening To Cross A Line That Will Set Off Panic t.co/j6FNf3Oq