Princes of the Yen

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

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%

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

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

TYR reads “Survivorship Bias”

Survivorship Bias @ You Are Not So Smart in this delicious short essay David MacRaney, author of "Your Are Not So Smart", explores survivorship bias, specially harmful when trying to "learn lessons" in order to improve our chances of success. A short biographical sketch of a forgotten genius, Abraham Wald, is a not minor plus of … Continue reading TYR reads “Survivorship Bias”

TYR February 13 2013 reads: Greece imploding

While financial markets continue their upward march, sustained and pushed by unprecedented money creation by most of the western world's central banks, under the surface, Greece's economy continues in free fall. Professionals increasingly failing to pay their tax dues @ Ekathimerini "More and more professionals are withholding value-added tax from the authorities in a bid to … Continue reading TYR February 13 2013 reads: Greece imploding