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The American Empire in a Changing World



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Monday, June 25, 2012

''The world’s central banks are running out of road''

From Reuters

''In the global economic crisis, central bankers are often portrayed as superheroes. Mario Draghi: the only man who can save the euro zone. Ben Bernanke: “please do more” for the U.S. economy. The Bank for International Settlements is unhappy with the image of omnipotence: its latest annual report laments that central bank money-printing and support for the financial sector are reaching their limits.''

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