Alternative Currencies Such as Bitcoin Are a Valuable Insurance Policy against Feckless Government
I appreciate tax havens for many reasons, mostly having to do with the importance of having some sort of external constraint on the tendency of politicians to over-tax and over-spend. Bitcoin Image/CASASCIUS But More...
Greece elects Alexis Tsipras at PM from ‘radical left group’ of communists, Maoists
Alexis Tsipras, who led his left-wing Syriza party to a momentous win in Greece’s parliamentary election, was sworn in today amid fears about what his win means for the country’s bailout agreements with More...
Krugman Supports Capital Controls
In reading Paul Krugman for more than a decade, it seems that he has established a firm ideological pattern: Markets evil, government good. Thus, he has decided the solution for the crisis in Cyprus: capital controls. Now, More...
Protests in Spain heat up as thousands fear eviction and will fight ‘real estate terrorism’
Spain’s financial crisis has resulted in an eviction epidemic in Madrid and now the protests are packing the streets. “They are about to evict me, and I’m fighting to stay because I don’t have More...
Election results creates chaos for the dollar, stocks fall
The dollar fell on Wednesday after U.S. President Barack Obama’s re-election for a second term was seen ensuring Federal Reserve quantitative easing will stay in place. Photo/RevisorWeb 2004 wikimedia commons But More...
Germany targeted by Moody’s to lose their Aaa credit ranking
Moody’s cut the outlook on Germany’s prized AAA credit rating from “stable” to “negative” Monday. The move could precede a full-blown downgrade, which would mark a grim turn for More...
EU will prop up failing banks
After tough all-night bargaining, European leaders appear to be set to funnel monies to struggling banks after a summit in Brussels. donkeyhotey donkeyhotey.wordpress.com Germany had yielded a bit on its insistence More...
Peter Schiff On Gold and the Economy
Greece is a mess… Spain is having “Bank Holidays” and Italy is not far behind.. More fiat currency will be printed. The global dominoes are falling. Take heed of what Peter Schiff (and some others) More...
Spain to ask for a lifeline for their banks; could amount to 100 billion euros
The fourth largest economy in the Eurozone is likely to ask for a bank rescue during a European finance minister conference call today. Photo/Gilad Rom via wikimedia commons If Spain does request funds to prop up More...
Will inflation save Europe?
In a recent column, Paul Krugman says that Europe essentially is committing “economic suicide” with its various “austerity” programs, with the only thing that can save the Continent being More...
BRICS – Planning To Dump The Dollar
There are some interesting things happening in the financial system of the world. Nations are beginning to form alliances, and one of the things they are doing is planning to dump the US Dollar as their Reserve More...
More Bankers Resign – 84 since November 2011
It looks like bankers are heading for the hills…. Some are leaving amidst investigations and scandals… some are retiring or leaving after many years in baking ….. some starting their own businesses… More...
