'..the Bundesbank stares across the Atlantic and sees disaster in the making.'

US Debt Clock

<blockquote>'Washington's most ambitious effort in years to come to grips with its mounting debt is set to end with a whimper as negotiators plan to announce they have failed to reach a deal.

The Republican and Democratic leaders of a 12-member congressional "super committee" planned to declare defeat after three months of talks failed to bridge deep divides over taxes and spending.'

- Super committee fails in debt-reduction talks, November 21, 2011</blockquote>


'..When it comes to rules and legalities, the Federal Reserve is making things up on the fly, with monetary policy becoming an anchor of instability..'

<blockquote>'..the Bundesbank stares across the Atlantic and sees disaster in the making. To anyone willing to see, our central bank’s credibility has been badly damaged, market incentives have been terribly damaged, and trust in institutions and the markets has been severely damaged. When it comes to rules and legalities, the Federal Reserve is making things up on the fly, with monetary policy becoming an anchor of instability.'

- Doug Noland, ECB to the Rescue? November 18, 2011</blockquote>


'..the Status Quo that benefits from the enormous friction that is, in fact, grinding down the US economy..'

<blockquote>'Much of our faith is based on the belief that because we live in a market economy, the efficiencies intrinsic to a market economy -- such as customers gravitating toward the goods and services that offer the lowest costs and highest benefits -- are being effectively captured by the US economy.

But this is mostly wishful thinking, the net result of ceaseless self-promotion by the Status Quo that benefits from the enormous friction that is, in fact, grinding down the US economy. In actuality, market forces influence very little of the US economy, and what they do influence is a series of carefully limited false choices constructed by non-market forces and the immense powers of marketing.'

- How Much of the US Economy Is Friction? November 1, 2011</blockquote>

Context

<blockquote>'Does the Fed still not appreciate the damage wrought from distorting market pricing mechanisms..'

'The future of the euro..' - Banks '..shrinking their balance sheets..' - 'China's Imminent Bust'</blockquote>