In this outstanding documentary, loosely based on Professor Richard Werner's book with the same title, we can not only better understand the post WWII japanese economic history, but also comprehend how "independent" central banks were introduced in Asia, first in Japan with the legal modifications induced by the 1989-1990 japanese stock market crash and, later, … Continue reading Princes of the Yen
Is the SNB on New York’s leash?
“Is the SNB on New York’s leash?” this is the question once rethorically asked by well known Swiss banker, financial adviser and author of ‘Gold Wars’ Ferdinand Lips, who believed that Switzerland had been put under enormous foreign pressure and duress to sell half of its gold reserves, saying that “In my opinion, the once … Continue reading Is the SNB on New York’s leash?
0,1% > 90%
The increase in inequality in the western world is a theme that is increasingly discussed. Occasionally you come into a statistic that in a very simple way explains the degree of inequality that has been "achieved". The Economist publishes this chart where it is easily visible that the top 0.1% of the USA population in … Continue reading 0,1% > 90%
In Shale Fraud Created by Wall Street, The Burning Platform (TBP) analyzes and exposes some key facts about the "fracking revolution" that are usually hidden from the public due to, according to TBP, the hype fostered by Wall Street. As Shale Bubble reports, "the Reality is that the so-called shale revolution is nothing more than … Continue reading Fracking Fraud
Sovereign Default History
Today Argentina defaulted on its external debt for the 8th. time since 1800 AD. The Economist publishes this chart ranking countries on the criteria of how many times they have defaulted on their external debt in the last 214 years. Curiously both Germany and Portugal have defaulted 4 times. Nothing seems to last (or … Continue reading Sovereign Default History
While the war in Gaza goes on under the effects of the israeli Protective Edge operation (the latest in a series of operations undertaken by the Israeli Defence Forces (IDF) in Gaza in recent years).and the Hamas rocket shelling of israeli towns, two university classmates Abraham Gutman and Dania Darwish have launched the campaign #JewsandArabsRefusetobeEnemies. Gutman is … Continue reading #JewsandArabsRefusetobeEnemies
Armstrong Economics and The Guardian both report of the latest breakthrough in anti-eavesdropping, anti-NSA technology: the typewriter. Depending on how old you are, you might not even have seen, much less used, one. Well, it is a device that allows you to type letters, documents, in a non-electronic environment, the way it was done well … Continue reading Typewriter Salvation
La Nit de Sant Joan
La nit de Sant Joan, és nit d’alegria Estrellat de Flors, L’estiu ens arriba De mans d’un fillet que li fa de guia. Primavera mor, l’hiverm es retira. Si arribes l’amor, mai mes moriría. Yesterday night was the Nit de Sant Joan and Jaume Sisa composed this song in its honour. Jaume Sisa, composer and … Continue reading La Nit de Sant Joan
Aberrant Central Banks
In a report to be presented on Wednesday June 17 in London, the Official Monetary and Financial Institutions Forum (OMFIF) will reveal that central banks are increasingly investing in the stock market and that they will most likely continue to do it in the future. "A cluster of central banking investors has become major players on world equity … Continue reading Aberrant Central Banks
Smedley Butler revisited
According to Wikipedia "Smedley Darlington Butler (July 30, 1881 – June 21, 1940) was a United States Marine Corps major general, the highest rank authorized at that time, and at the time of his death the most decorated Marine in U.S. history. During his 34-year career as a Marine, he participated in military actions in the Philippines, … Continue reading Smedley Butler revisited