Here’s your economics quiz for the day: Question 1– What do you think would happen if you put $3 trillion into the financial system? a–Stock prices would rise b–Stock prices would fall c–Stock prices would stay the same Question 2– What do you think would happen if you put $3 trillion into the economy? (Via […]Continue reading
Organized crime. This phrase is now a precise synonym for big-banking in the United States. These Big Banks commit big crimes; they commit small crimes. They cheat their own clients; they swindle outsiders. They break virtually every financial law on the books. What do all these crimes have in common? The Big Banks commit all […]Continue reading
On October 2, voters in Hungary will participate in a nationwide referendum to vote whether they agree to the forced settlement of migrants in Hungary by the EU or not. It’s a major issue in Hungary, a land of proud and staunchly independent-minded people who have endured 150 years of Ottoman rule; wars with Habsburg […]Continue reading
If we could just get consumers to borrow more, so that they spend money they don’t have on things they don’t need, in order to boost GDP and corporate profits, all would be fine. That’s the current meme among [keynesian] economists. Since 68.5% of US GDP is related to personal consumption expenditures, boosting consumer spending […]Continue reading
Japanese Shares Plunge Day Before China Releases New Gold Backed Yuan Scheduled For Tuesday April 19, 2016.
Tokyo – Japanese stocks fell 3 per cent Monday for the second straight trading day of fall as investor sentiment was hurt by a stronger yen, falling oil prices and growing concerns about the two major earthquakes that struck the southern island of Kyushu last week. The benchmark Nikkei 225 Stock Average lost 572.08 points, […]Continue reading
“If you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.” – Josiah Stamp Iceland has gained the admiration in recent years by doing that which no other nation in the world seems to be willing or […]Continue reading