Hard hitting global and local news
More here: German Finance Minister Throws Cold Water on Single Bank Resolution Agency; For How Long?
See the article here: Expect a Spike in Long-Term Japanese Interest Rates; Currency Crisis Just Around the Corner
Read More: Read Between the Lines: IMF Admits Spain is Bankrupt; Get Your Money Out While You Can
Read More: Germany France Feud Erupts Again; German Central Bank Head Blasts France
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Please consider the inane "Action Plan" for Eurozone Straggler Slovenia . The new government of struggling eurozone member Slovenia is expected to announce Thursday an action plan aimed at avoiding a bailout, reportedly including privatisations, "crisis" taxes and austerity cuts. Moody’s last week cut its rating on Slovenia two notches to "junk", the economy has been in recession since 2011, unemployment stands at 13.5 percent and voters are fed up with their political leaders
See the original article here: ECB Ponders Buying Toxic Debt of the Periphery; Don’t Worry, It Will Be "Fiscally Neutral"…
See the article here: US "Pivot" Toward Asia Trips in Malaysia
Here are a pair of interesting You-Tube videos on fractional reserve lending sent by reader Magnus who lives in Sweden. Godfrey Bloom Blasts Fractional Reserve Lending as Fraud “The problem that we have is a flawed banking system, a fractional reserve banking system where bankers can lend money they don’t have. If you go back in time in the United States to the 1850s, that was a capital offense
President François Hollande’s popularity has sunk to a new low of 24%. Rather than blame his own policies for the huge rise in unemployment and the lack of competitiveness in France, Hollande pins hopes of fresh start on cabinet reshuffle .