September 25, 2012
Bernanke Declares War on Canadian Economy (Rest of the World Too)
Read the original post: Bernanke Declares War on Canadian Economy (Rest of the World Too)
Hard hitting global and local news
Hard hitting global and local news
Read the original post: Bernanke Declares War on Canadian Economy (Rest of the World Too)
September 23, 2012 Democracy is a Form of Oppression The modern concept of "democracy" is perhaps the most effective form of human oppression ever devised.
For further discussion, please see Target2 and the ELA (Emergency Liquidity Assistance) program; Reader From Europe Asks "Can You Please Explain Target2?" Moreover, the recently hatched OMT plan of Mario Draghi in and of itself has potential unlimited liability in that it allows unlimited purchases of sovereign bonds for which Germany and other countries are responsible for their share of the pie in accordance with percentages noted in the above link. Finally, please note that 37,000 people signed a petition against this deal, and polls show it likely would not have passed if put to a vote.
Inquiring minds note China, Germany Plan to Settle More Trade in Yuan, Euros . Germany and China plan to conduct an increasing amount of their trade in euros and yuan, the two nations said in a joint statement after talks between Chancellor Angela Merkel and Chinese Premier Wen Jiabao in Beijing on Thursday
Follow this link: CONFIRMED: Turkey Running Proxy-Invasion of Syria
Prepare for Spanish Implosion: Businesses Threaten to Leave Spain Over Tax Hikes; Finance Minister Proposes 56% Tax on Short-Term Financial Transactions Cristobal Montoro, the Spain’s finance minister has made a liquidity destroying proposal to tax short-term financial transactions at an astonishing 56% tax rate. Businesses are already upset over hikes in the VAT and have threatened to leave Spain. Interestingly, in spite of raising taxes elsewhere, the VAT was lowered on the highly subsidized renewable energy sector.
July 13, 2012 The Russian Duma has just passed amendments to the Russian NGO law. Russian NGOs receiving foreign funding will now have to register at the Ministry of Justice as an “NGO carrying out functions as a foreign agent†, make public their sources of funding by marking it on the materials they distribute, and report semi-annually to the Ministry of Justice on their activities. This law, a great majority of Russians believe, is long overdue.
I’m planning to write a post on how a revenue neutral carbon tax might, just might, have a shot in the US in the medium term. First though I have to disagree with William’s argument that a revenue-neutral carbon tax is the only way to go – or to be more fair, is the best political approach