Economics and Investing:
Deutsche Bank Proclaims Western Currencies Worthless Long live the debt ceiling – approaching the fiscal cliff by spending $1 trillion more than is being taken in. A breakdown of government spending and revenues. Sentinel ruling may hurt MF Global clients. Here is a key quote: “Futures brokers are required to keep customers’ funds in dedicated accounts to protect them from being used for anything other than client business. However, Thursday’s ruling suggests that brokerages can use customer funds to pay off other creditors…” [JWR’s Comment: When stealing a client’s money effectively becomes legal for futures brokers (and possibly for bankers), …