What is the difference between printing money and counterfeiting? There is none.
Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundame…
What is the difference between printing money and counterfeiting? There is none.
Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundame…
The Savior State has pulled out all the stops to prop up the Status Quo. Its gargantuan borrowing and spending have fixed nothing. Contraction is replacing expansion as the new normal.
For the past 67 years, Americans have been conditioned to expe…
Ben Bernanke’s zero-interest rate policy (ZIRP) and command-economy efforts to maintain mispricing of risk, debt and assets are destroying capital and capitalism. No wonder his policies have failed so miserably.
To understand why Federal Reserve C…
http://www.ft.com/intl/cms/s/0/0fac6cd6-0ffa-11e1-a468-00144feabdc0.html#axzz1dqbEIUS6
“Citigroup is planning to cut 900 jobs in its securities and banking division and may cut a total of more than 3,000 in response to the global economic slowdown t…
Three metaphors describe Europe: drowning in debt, circular firing squad and trying to fool the money gods with an inept game of 3-card monte.
The world’s major economies are drowning in debt–Europe, the U.S., Japan, China. We all know the U.S. h…
Karl Rove’s Crossroads GPS group has launched the first attack ad against Elizabeth Warren, presumably because she is now running hard for the Senate in Massachusetts. This ad is not a big surprise, but the line that Mr. Rove takes could well bac…
Three years after Iceland’s banks collapsed and the country teetered on the brink, its economy is recovering, proof that governments should let failing lenders go bust and protect taxpayers, analysts say.
The North Atlantic island saw its three b…
Financialization has led to a “hothouse” global economy where the slightest disruption in central bank/Central State intervention will cause the sickly flowers to wilt and expire.
Of the three great financial truths that have been left unspoken fo…
In both Europe and America the financial sector has been on the edge of disaster for the last three years. Each time a crisis flares up, the fixers rush in with a remedy. Bailouts, TARPs, TALFs, ZIRPs, QEI, QEII and now the ‘twist’.
In its lat…
Is the Dexia mess the start of a new financial crisis?
Posted by Michael Schuman Tuesday, October 4, 2011 at 9:20 am
In the clearest indication yet that Europe’s sovereign debt crisis is morphing into a wider, financial sector crisis, a big European …