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Perpetual QE-s granted with Comrade Obama outplayed the social-democrats
When the US social-democrats (Republicans) retreated to extreme socialists (Democrats) on the issue of "Fiscal cliff" they said that they will focus of debt ceiling debate to press comrade Obama agree on spending cuts. After that The President placed an ultimatum for the debt ceiling and rejected any negotiation. And won a victory.
Read more...German Gold returning home...
The rumor of the last few weeks that Germany will withdraw its gold from New York and Paris is already an official news. Bundesbank announced it will bring back home about 674 metric tons of the yellow metal by 2020. This way by the end of the decade about 50% of all German gold reserves will be in Germany. At current moment most of German gold is abroad. It was moved out of country during the Cold War when the country was afraid of a Russian invasion. The overall German gold reserve is 3391 tons, and is second biggest in the world, after the US one.
Read more...Good buy crisis, Hello unrest...
European leaders declared a victory over the debt crisis and now will start thinking of improving the economy. At the same moment on the streets of Athens the "first shot" was fired. Yes, it is real - today an assault rifle fire happened in Athens, and the target was the headquarters of the main ruling party - New Democracy, including the office of the leader (and currently prime-minister) Antonis Samaras. No casualties, police said. The blame of this terrorist act lays on leftish anarchists.
Read more...The "trillion dollar coin" and the policy of joke
A "trillion dollar" coin sounds like a joke. All people that hear about it are laughing. Even the tricky-minded proponents of the idea explain it with a smile on face. Yes, formally this is an option if the debt ceiling is not lifted. But even so it remains a joke. Therefore a joke is all the government policy in the last few years. Because this policy was exactly the same. Without even a coin :)
Read more...Another cheap labor on global market - North Korea to repeat the Chinese strategy
North Korea is preparing for a step-by-step opening of its economy to alter the 64-year communism system. German specialists are invited to advice the government. The Party leader in his New Year speech even mentioned about improving the relationships with South Korea.
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