For whatever reason people like to associate persons, places or things with certain days of the year. The first weekend in May, for example, is Jane’s Walk – a celebratory stroll around your community as if you were a tourist.
Republished fromÂ detlevschlichter.com I, too, was shocked yesterday morning. Not so much by the news that depositors at Cypriot banks would face a haircut, or a â€˜levyâ€™ or a â€˜taxâ€™, on their deposits as a contribution to yet another Eurozone bailout
CNBC and other financial media outlets are pumping (pun lethally intentional) the DJIAâ€™s hitting of its former all-time record today.Â As I posted on Twitter earlier, a look at the unemployment, income, GDP, and other such economic measures underlying this record
Republished from No Frakking Consensus Greenpeace envisions a new system of global governance â€“ in which unaccountable UN bureaucrats gain â€œreal powers.â€ The United Nations Environment Programme (UNEP) publishes a magazine calledÂ Our Planet. The February 2013 edition may be downloadedÂ here.
Republished from Economic Policy Journal Paul Krugman is at it again. HeÂ writesÂ this morning (my highlight): Substance aside â€” not that substance isnâ€™t important â€” Austrian economics very much has the psychology of a cult.Â Its devotees believe that they have access
Reprinted from PeterCEarle.com â€¦in the knife fight known as the global currency war is Venezuela, which just an hour agoÂ announced that it would devalue its Bolivar Fuerte (looking ratherÂ dÃ©bilÂ today) to 6.30/dollar from 4.30/dollar. In one move, consumer purchasing power has
Reposted from Zero Hedge Up until now, Argentina’s descent into a hyperinflationary basket case, with a crashing currency and loss of outside funding was relatively moderate and controlled. All this is about to change. Today, in a futile attempt toÂ haltÂ inflation,
Understanding today’s convoluted domestic and international fiat monetary system frankly requires a great deal of time and study.Â One must understand fractional reserve banking, which requires that one understand the concept of fractional reserves and the way this system affects
Saturday, January 19, 2013 10:00AM-4:00PM Co-hosted with the Institute for Liberal Studies. This free, one-day will feature author and economist Edward Lopez talking about his new book “Madmen, Intellectuals, and Academic Scribblers: The Economic Engine of Political Change.” We’ll also
Republished from Zerohedge.com When we first heard about it, we thought Handelsblatt had gotten something very wrong. The implications were just so staggering. Turns out the news was spot on. Here is the official announcement from the Bundesbank, which roundly
The traditional clamor of family gatherings, feasts and gift exchanges that accompany the Holiday Season have of late been augmented by local and regional police squads with the widespread application of R.I.D.E. Â The “Reduce Impaired Driving Everywhere” (R.I.D.E.) program, which