Breakfast inflation

One of the least discussed and at the same time most important aspects of this economic crisis is the discrepancy between official inflation measures used by the FED, the Consumer Price Index( CPI) and, specially, Personal Consumer Expenditures (PCE), and the real inflation experienced by real people. One example of this last real inflation is … Continue reading Breakfast inflation

“There Is No Consent For A United States Of Europe”

In a speech in the European Parliament, Nigel Farage, leader of the UK Independence Party (UKIP) attacks the idea of creating the United States of Europe: "The whole European project is based on a falsehood... and it's a dangerous one.. because if you try to impose a new flag, a new anthem, a new president, a … Continue reading “There Is No Consent For A United States Of Europe”

Arrogance, Hubris and Evil

The leaked phone conversation today between the EU foreign affairs chief Catherine Ashton and the Estonian foreign affairs minister Urmas Paet, where the estonian minister stated that "There is now stronger and stronger understanding that behind the snipers, it was not Yanukovych, but it was somebody from the new coalition," gives credence to the article from … Continue reading Arrogance, Hubris and Evil

The American Deep State

http://vimeo.com/87243281 The expression "Deep State" originated in Turkey, and it designates "a group of influential anti-democratic coalitions within the Turkish political system, composed of high-level elements within the intelligence services (domestic and foreign), Turkish military, security, judiciary, and mafia", that compose a state within the state. The turkish Deep State appeared with the Kemal Ataturk revolution of 1923. "Deep … Continue reading The American Deep State

Ultra Vires ECB

Ultra vires is a latin phrase meaning literally "beyond powers". If an act requires legal authority and it is done with such authority, it is characterised in law as intra vires. If it is done without such authority, it is ultra vires. Acts that are intra vires may equivalently be termed "valid" and those that are ultra vires "invalid". The verdict of the German … Continue reading Ultra Vires ECB