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February 16, 2013
The numbers for Japan in December would imply on the surface that capital inflows took place rather than outflows yet the yen declined. There are serious problems with the way governments track capital/trade flows. They do not actually monitor anything but cash movement. This is a throw back to the fixed exchange era when if […]
February 16, 2013
It was Cordell Hull (Sec. State 1933-1944), whose observations during the Great Depression led to his belief in the concept of Economic Security – defined as a liberal international economic system would in return increase the possibilities of postwar peace. This concept of Economic Security being linked to peace shaped the postwar economic and Bretton […]
February 16, 2013
Income tax was introduced in England in 1798 as a temporary measure to fight Napoleon. Have we defeated Napoleon yet? ————————————————————————— Anti EU feeling is very high in the UK – politicians have always shied away from a referendum because they know we want out and they fear that an attack the EU will ultimately […]
February 15, 2013
Senator Elizabeth Warren (D) of Massachusetts, actually asked regulators very pointed and appropriate questions that ONLY a Freshman would ask. TOO BIG TO FAIL really means TOO BIG TO PROSECUTE. She asked (1) why has no Wall Street Bank EVER been taken to trial where testimony would be revealing, and (2) why are the banks trading […]
February 15, 2013
The Pope’s resignation has inspired many articles about how Popes have even been imprisoned. To set the record straight, the battle with the Papacy has usually been about money. Yes, many Popes have been put through the ringer and others have been appointed like the Manchurian Candidate to control the Papacy. So yes, there is […]
February 15, 2013
Economic Conservatives have lost their representation. There is only the Marxist left and the Religious Right that care more about abortion and gay rights than the economic survival of themselves and their posterity. Our computer has been warning that there will be a huge spike in Third Party activity for 2016. There is a high […]
February 15, 2013
Well in Ancient Times, such a sign was taken as the fall of some king, or they worshiped it as a stone from God vindicating their power – Elagabalus. http://www.youtube.com/watch?v=36MEsWC1Pzc&sns=em