Liquidity Bailouts And Hong Kong Rumors Reflect Shift To New Monetary Order

By Simit Patel: The news of a global liquidity bailout -- in which central banks worked together to add US dollar liquidity to help the European banking system -- has helped drive the US dollar much weaker and the Euro stronger in the foreign exchange markets over the past 24 hours. This event is noteworthy because it reveals the simple truth that the entire Western banking and financial system...