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: USA
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%
Fracking Fraud
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
Typewriter Salvation
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
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
Dark Belgian Chocolate
In his article, Who Is The New Secret Buyer Of U.S. Debt?, Brandon Smith tries to solve one of the mysteries of recent events in financial markets: the enormous increase in US Treasury Bonds reserves held by Belgium. As you can appreciate in the chart above, Belgium has, in a few months, increased its reserves of … Continue reading Dark Belgian Chocolate
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
All guns, not much butter
When thinking about the USA it is easy to fall for the idea that it is the wealthiest country in the world and that it would be difficult for people to hunger there. Reality is different. As the article published by Zerohedge illustrates, 21% of the USA population can't afford food. In contrast, the USA … Continue reading All guns, not much butter
Brave New 1984
Zerohedge publishes a review of the 2 most well known dystopian books of the twentieth century, Brave New World from Aldous Huxley, published in 1932 and 1984 from George Orwell, published in 1949. The article by Zerohedge extensively quotes 2 previous articles, "Orwell, Huxley and the Emerging Totalitarianism" by Emmet Scott and "2011: A Brave … Continue reading Brave New 1984
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 Yogi Rock 