Rumors Of Fear

By Mitch Berg

Joe Doakes from Como Park emails:

As recently as last Spring, European nations were content to leave their gold in US banks backed by the US government. They trusted our traditional institutions to protect their property.

Not anymore.

So I gotta wonder – what has changed in the last few months that makes European nations fear United States banks and government are not trustworthy?

Joe Doakes

we’re getting a lot of rhetorical questions, lately, Joe…

Good, of course – but rhetorical.

2 Responses to “Rumors Of Fear”

  1. Powhatan Mingo Says:

    Keynes knew that there were limits to ‘keynesian economics’. Politicians don’t.

  2. bikebubba Says:

    They know he has a pen and a phone, just like FDR.

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