the otherwhirled

via Bloomberg: Sept. 29 (Bloomberg) — The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression. The Fed increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide. [...]

….and you shouldn’t be, either. “Based on a long-forgotten formula found doodled into the margins of Arthur Laffer’s minor, 1971 work “Money and Tits”, the “Special Theory of Illiquid Relativity” (STIR) posits the provocative idea that the high-speed collision of bad paper and taxpayer money will create conditions very similar to the early “Big Con” state [...]