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

A United Europe? Think twice

In a revealing article published today by Die Welt, some of the elements of this year’s wish list of the representatives of the global elite, meeting this week in Davos for their yearly fest, are, if indirectly, mentioned. As expressed by Axel Weber, president of UBS, in this year's list there is the desire that … Continue reading A United Europe? Think twice

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”

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”

TYReads about NDAA “program 1033”

A hidden process, perhaps related to the rising inequality in american society, is discussed by The Guardian in America's police are looking more and more like the military where it explores how, quietly, America's government is militarizing it's own homeland, expecting perhaps, widespread civil unrest. Some excerpts: "A little-known Pentagon program has been quietly militarizing American police … Continue reading TYReads about NDAA “program 1033”

America’s “high moral ground” in Syria

Drums of war again. Among unproved allegations of a chemical attack by the Syrian government against its own people, the USA is preparing to go to war, again, and topple the Syrian regime. Not that the Syrian regime is a model one and that deserves praise, but if the allegations of a chemical attack are … Continue reading America’s “high moral ground” in Syria