The FRB’s “Operation Twist”: Europe and America Grim Economic Prospects

Seven months after the official announcement on 9/21/11 of “Operation Twist” not much progress has been made at the long end of the market to reduce yields.The yield on the 10-year T-note has gone from 1.88% to 2.3% and the 30-year bond went from 3.03% to 3.41%. The episode has been marred by hedge fund and sovereign selling, which has left the short end a little higher, but the long end much higher. The question now is how much did this cost the Fed for such disappointing results? Or in fact was this really their objective? We may never know, because the Fed hides what they do not want anyone to know. These results might not seem important but US Treasury instruments are the foundation of the global monetary system.

“Imperial Ignorance”? Obama describes Afghan Massacre as “an isolated incident.”

So this is how the cookie crumbles. From burning books to butchering babies, it seems everything is fair game as the victors near their tether. Four years after Barack Hussein Obama offered a “new way forward”; the gulf between America and the world’s Muslims is at its widest. The horrific details of the Panjwai massacre, with first person accounts recounting how the brave US soldiers coolly went about killing women and sleeping children, have poured fuel over a land already ablaze. Obama has condemned the massacre but chose to describe it as “an isolated incident.” Is it really now? Why do I feel we have been here before? From bombing wedding parties to striking funeral processions and even cemeteries, there’s been a long trail of such ‘isolated incidents.’ Interestingly, the latest in Yankee shenanigans coincides with a groundbreaking book that seeks to make sense of Uncle Sam’s worldview. Andrew Alexander’s America and the Imperialism of Ignorance is a damning critique of the US foreign policy over the past six decades and offers a cogent analysis of the military-industrial complex mindset that commands and dictates the actions of the most powerful nation on the planet.

UN Security Council “Slicing Syria”?

Today, March 27, 2012, the Syrian government announced that it accepts the six-point peace plan proposed by the United Nations and Arab League envoy, Kofi Annan (former UN Secretary General). The plan calls for a…