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
“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”
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
The Night They Drove Old Dixie Down
"The Night They Drove Old Dixie Down" is a song by The Band, recorded in 1969 and released on their self-titled second album. Joan Baez's cover of the song was a top-five chart hit in late 1971. The song was written by Robbie Robertson. The lyrics tell of the last days of the American Civil War and the suffering of the … Continue reading The Night They Drove Old Dixie Down
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
And not only on hers!
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The Yogi Rock 