A lethal cure for the Euro by Medico Italiano

Today the ECB, overcoming the Bundesbank, opposition started its own mass money-print program called Outright Monetary Transactions (OMT). Unlike the FED's QE and "Twist" programs the European one will be with no limit. ECB will buy as much bonds as needed to keep the interest rates low. Jens Weidmann from Bundesbank announced a separate press release, calling the decision “a tantamount to financing governments by printing banknotes”.

Read more...

Merkel in a new love with Socialism

Sooner or later, all politicians rediscover the beauty of socialism. If socialism was not a beautiful paradigm it would not be so attractive for both masses and politicians. The fact that the socialism is a 90% lie does not matter. It is simply attractive. So this week it was time for one of the fulcrums of right thinking and financial discipline - Angela Merkel, to enter into socialist speaking. As the elections are closing, leftish ideology is to grow impressively. And this way and Merkel too.

Read more...

Is Germany bluffing with Weidmann resignation?

A third German super-banker is to quit the Euro-system, after it became clear that Jens Weidmann - the President of Bundesbank is considering a resignation. Rumors distributed by Bild newspaper pointed that Weidmann tries this way to protest against Mario Draghi's plans to accelerate the money print. The ECB Chairman wants to intervene on bond markets in an effort to help Spain and Italy fight the debt crisis.

Read more...

Food prices skyrocketing...

Global food prices soared by 10 percent in July from a month ago, informed the World Bank. The main reason for this is "unprecedented summer of droughts and high temperatures in both the United States and Eastern Europe". If we look back a year ago, we will see again soaring prices and again any good sounding excuse. In 2011 guilty for price jump was the poor crop in Russia. Next year something new will be invented as a price pumper - why not the phases of the Moon.

Read more...

The times of virtual wealth at times of test

A hundred years ago to be a wealthy and rich man meant to have property. The rich had much buildings, factories, land... And the mid class had its own home, some acres of land, some horses and other useful animals. Everyone had some money reserves, i.e. some Gold and Silver. And against all this there was no any debt, or at least the debt was valued much less than the property. Generally the wealth was the property. Wealth=Property. And it had been so for centuries, even for thousands of years. The term "property" was created and implemented in laws since the times of Roman Empire. The property has always been protected, as it has always been the wealth. The property has been the main border between social classes.

Read more...

Page 30 of 44

Interesting sites: UK web Hosting