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75% chance of a Second French Revolution
The most crazy pre-election promise of Francois Hollande is on its way. A super tax of 75% on so called "rich" is to be imposed. At the same time the richest Frenchmen Bernard Arnault applied for a Belgium citizenship. Hundreds of French wealthy people had already been invited by the British Prime Minister to come to the United Kingdom. And Brits are already joking with French that they can't keep their millionaires.
Read more...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...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...Apple vs. Samsung - the rise of court-protectionism
The court victory of Apple over Samsung is a very interesting moment in global corporate history. It marks the rise of something that can be called "a court protectionism". Seemingly Apple will have a great advantage of this decision. But only in USA. At the same time more and more importance in global business will have the markets outside USA. So if United Stated create such a precedent, what will stop other countries to do the same?
Read more...Republicans in a Goldy populism...
Will the Republicans resurrect the Gold Standard? No. Clearly No. Everything is just an election populism. Just like the nomination of Paul Ryan for vice-president and the promise to audit the FED, this move is addressed to Ron Paul's supporters. I.e. this is the third victory of Paul in this campaign, although it is obvious he has no chance of a real nomination. But the chance to put serious questions is repaying very profitably for Paul.
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