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

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

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

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

TYR reads “…It’s a Different Economy”

College Grads: It's a Different Economy @ Of Two Minds Charles Hugh Smith aptly summarizes and describes the structure of the post-2008 USA economy, a description that by extension and with some tweaks can be applied to most western economes. An economy in which processes in the making since the end of WW2, if not sooner, … Continue reading TYR reads “…It’s a Different Economy”

TYR 14 January 2013 reads: The Neoliberal Financial Skim

The Neoliberal Financial Skim @ Of Two Minds describes in 5 simple graphs how "the perfection of the Neoliberal order is a parasitic financial sector protected by the Central Bank and State". And how "the Central Bank and State protect the financial sector's vast skim of the national income with a combination of toothless regulations and … Continue reading TYR 14 January 2013 reads: The Neoliberal Financial Skim

TYR 19 November 2012 reads

Global Shadow Banking System Rises To $67 Trillion, Just Shy Of 100% Of Global GDP @ Zerohedge In case you assumed that 4 years after the onset of the present global financial crisis risks are at least gradually decreasing, please look again. The Financial Stability Board (FSB) in its latest report on the Shadow Banking System … Continue reading TYR 19 November 2012 reads