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Now the U.S. bails out Europe! « Getting at the truth

Escape from Paradise, – A Best Selling Book!

The book’s sensational reviews!

It took me two and a half evenings to complete your un-put-downable book…it is a unique contribution to the appreciation of a life in Singapore. Thank you for having written it.” C. V. Devan Nair, former President of Singapore.

Bought the book from Select this weekend and can’t put it down! It’s a great read! And so nostalgic for me—the good old days! Glen Goei, writer and director of the Miramax film That’s the Way I Like It and who played the title role opposite Anthony Hopkins in the London production of M. Butterfly. Mr. Goei’s latest film is The Blue Mansion – Click for the trailer!

It is a remarkable story and so full of intrigue that it reads at times like fiction.Jonathan Burnham, Editor in Chief & President, Talk Miramax Books.

“It’s quite a story The legendary Alice Mayhew, Vice-President & Editorial Director, Simon & Schuster.

This book out-Dallas, Dallas. No one has written so well of the other side of paradise,Francis T. Seow, former Solicitor General of Singapore

ThunderBall Films is successfully putting together the movie production of Escape from Paradise and has received a new LOI (Letter of Intent) from actress Bai Ling who starred with Richard Gere in the film Red Cross.

Buy the Book!

Escape from Paradise – the Promotional Trailer

Mary Bancroft – Master Spy

“I can’t understand what the f–k you are saying.” The voice came from an elderly lady in the back row of my computer class. It was from Mary Bancroft, a part owner of The Wall Street Journal. She is the author of Autobiography of a Spy and was the woman behind the plot to kill Hitler, the lover of CIA chief, Allen Dulles, the lady who invited me to dinner to meet Woody Allen and, yes, Mary Bancroft was my computer student.

Click to buy: https://amzn.to/2V6MOwC


Copyright © 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020 John Harding

Now the U.S. bails out Europe!


Bernanke gives U.S. taxpayers' money to Europe

With another bail out using the taxpayers’ money, the world’s major central banks have launched a joint action to provide cheap, emergency U.S. dollar loans to banks in Europe and elsewhere.

The U.S. Federal Reserve, European Central Bank and other central banks took this coordinated too-big-to-fail action to support the global financial system as Europe’s rolling debt crisis continues to trouble markets.

This bail out doesn’t directly address Europe’s debt and woes.  Instead, it is aimed at alleviating the impact of those troubles big investors on global markets.

Under the program, the U.S. Federal Reserve makes dollars available to other central banks, which in turn make the dollars available to banks under their jurisdiction.

Global central banks have given taxpayers’ money before.  In March, they intervened jointly in currency markets to tamp down the rise in the yen following the earthquake and tsunami in Japan.  In October 2008, leading central banks cut interest rates simultaneously to alleviate the shock to the financial system after the collapse of Lehman Brothers.

Over three years of crisis fighting, U.S.  Federal Reserve Chairman Ben Bernanke and the world’s other leading central bankers have developed much closer ties.

Several U.S. Federal Reserve officials have made clear they are open to launching a new round of bond buying, known as quantitative easing, to bring down long-term U.S. interest rates.  But they have reservations as the program has consistently failed.

Under the program, the U.S. Federal Reserve makes dollars available to the European Central Bank, which in turn lends the money to European banks (which then lend to wealthy investors and businesses).

The U.S. Federal Reserve faces a risk of political blowback at home for the move.  Republicans in particular have attacked the U.S.
Federal Reserve for making dollars available to foreign banks.  Fed officials say they don’t face much risk with this facility because the dollars are going to other central banks, and not directly to European banks.  But isn’t that were our dollars wind up.

Obama’s man, Ben Bernanke, and the U.S. Federal Reserve continue to drive the United States, and its taxpayers, deeper into debt.

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