… and every other non-profit who placed “bets” through JP MORGAN, wagering on FED sanity.
Harvard entered into (derivative swap) agreements that locked in interest rates on $2.3 billion of bonds for future construction. At the time, the benchmark overnight interest rate set by the U.S. Federal Reserve was 2.25 percent. The agreements backfired last year after [...]

As I said in the prior post, the changes are accelerating, reflecting the short window of opportunity:
Today’s announcement, long rumored, is that the Gulf States will be forming a common currency, breaking the formal and informal dollar pegs that have controlled the price of oil and kept the petro-dollar recycling mill operating, allowing The United States to force our [...]

It is both apalling and chilling to see today’s version of George Orwell’s 1984 being played out in an even more sinister fashion than the English writer and journalist could ever have imagined. When he wrote the book in 1949 (one year before his death) events had recently concluded, which are being repeated today–at an accelerated pace–with uncanny [...]

I’ve quoted IMF Fascist Blanchard 4 times already, in order to drive home the point that marching orders come from the global elite in the form of politically correct praise:
“We welcome the Administration’s intention to work toward developing a political consensus on Social Security reform once health-care reforms are complete.”
In case this is still not recognized, please [...]