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September 18, 2013
Finland is the latest country to illustrate that the Sovereign Debt Crisis is alive and well. The economy in Finland is in recession as is most of the Eurozone. For the first time, 2014, Finland will not meet the Maastricht guidelines as its debt ratio will exceed 60%. Their own accounting projects in 2014 the […]
September 18, 2013
The stories that Putin is the richest man in the world are nonsense emerging from Stanislav Belkovsky who is a former computer programmer turned political consultant. Belkovsky was hired by Boris Berezovsky who once admitted to hiring to him to raise Russian nationalist forces against Putin to further the Safra attempted takeover of Russia. The project […]
September 18, 2013
Labor unions have been Marxist by design. Anything that attempts to flat-line the economy will fail. It is a business cycle that is at the very least impacted by human nature. Australians are now losing jobs to New Zealand because costs are 30% less. This is simply the nature of capital flows – International Competitiveness. […]
September 18, 2013
After election day, Angela Merkel plans a significant change as she will lack a majority of Germans really behind her and she has always changed direction with the political wind. According to the polls, the majority of Germans have had enough of Brussels. We will see a shift in trend whereby there will be a resurgence […]
September 17, 2013
There is only one country that has bought massive long-term U.S. bonds in July and that was Japan. They bought the incredible amount of long-term bonds totaling $52 billion. Most other foreign governments have reduced their holdings of long-term U.S. bonds by $62.5 billion over the same period with Russia dumping $6 billion in July. This […]
September 17, 2013
J.P. Morgan will pay a record fine with cheap central bank money in connection with the scandal of the “London Whale” J.P. Morgan must pay at least $ 800 million penalty. The largest bank in the United States has acknowledged errors in internal control. The proprietary trading never ends. They are not a bank – […]
September 17, 2013
The French Finance Minister Pierre Moscovici wants a common European unemployment insurance to be established. The French have difficulties to cover the high cost of unemployment. In this way German taxpayers’ money could be diverted to France. Moscovici wants a “strong supranational budget”. There is simply no end to their insanity.
September 17, 2013
QUESTION: You said all along Yellen would be in. Why? ANSWER: The markets have cheered the news that Larry Summers would not replace outgoing Fed Chairman Ben Bernanke. On the Hill, both the Republicans and Democrats were deeply skeptical of Summers because of his connection with the bankers and many blamed him for the 2007-2009 financial […]
September 17, 2013
Obama has waived the ban on arming terrorists to allow aid to Syrian opposition. How much money has been confiscated in the USA for allegations of funding terrorists? When Obama wants to fund a pipeline through Syria, then he will fund the worst or the worst when he imprisons others for doing so and […]