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
Category: Monetary Policy
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?
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
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
Reverse Robin Hood explained
In this article published by Zerohedge we can find a cogent explanation of the present process of wealth redistribution from poor to rich, a phenomenon felt everywhere. Whether this process is an intended one, a sort of conspiracy, or just "collateral damage" of unsound monetary and economic policies, is for the reader to decide. This … Continue reading Reverse Robin Hood explained
TYReads “One hundred years is long enough. End the Fed”
On the 100th anniversary of the creation of the Federal Reserve (FED), designed in secrecy by a group of Wall Street bankers and voted into existence by the American Congress on december 23 1913, Ron Paul publishes this article arguing that its creators have succeeded beyond their wildest dreams, and that the FED has taken … Continue reading TYReads “One hundred years is long enough. End the Fed”
TYReads The End Of German Hyperinflation
Today 90 years ago, on the 15 of November 1923, by fixing the value of the recently created Rentenmark at a rate of 1 trillion (1.000.000.000.000) Papermark per 1 Rentenmark, and one month later, by setting the rate of the Rentenrmark against the US Dollar at a rate of 4,2 Rentenmark per 1 US Dollar, … Continue reading TYReads The End Of German Hyperinflation
Mr. Draghi & the “european banking union”
ECB on collision course with Germany on banking union @ Financial Times Financial Times publishes this article about the reluctance of Germany to the intent of the ECB to get total supervisory and resolution control over all banks in the eurozone. The so-called "european banking union" plans seek to place eurozone banks under the overarching supervision … Continue reading Mr. Draghi & the “european banking union”
Germany says “Ja” to Bitcoin
Despite strong opposition by the american government, Bitcoin appears to be winning some important battles. You can read more about the virtual currency in Bitcoin a virtual currency that defies the NWO. Bitcoin recognized by Germany as legal tender @ >CNBC.com Some excerpts: "Virtual currency bitcoin has been recognized by the German Finance Ministry as a "unit of account", meaning … Continue reading Germany says “Ja” to Bitcoin
“He who controls the spice controls the universe.”
If you are a science fiction fan you'll probably remember Dune, the excellent novel (a series of them actually) by Frank Herbert, and the film by David Lynch based on the same book. In it, one of the villains, Baron Vladimir Harkonnen, utters “He who controls the spice controls the universe”, the spice being a rare … Continue reading “He who controls the spice controls the universe.”
The Yogi Rock 