Tag Archives: Too Big To Succeed

Angela Merkel: Let Us Deepen the Union to Raid It

Posted on by

the-daily-bell-top-logo61

“The main point of this campaign will be to rewrite the Lisbon Treaty so that Brussels can basically raise taxes at will as part of an EU ‘coordination’ effort while imagining much more in the way of ‘modernizing’ that the EU can undertake. This is actually the recipe for further EU disasters, as additional taxation combined with further expansive public works will unbalance federal Europe in much the same way as its nation-states. What Merkel and the rest have in mind is a naked power grab that will allow Brussels to do the taxing and spending that is now occurring at a national level.”

http://www.thedailybell.com/news-analysis/34851/Angela-Merkel-Let-Us-Deepen-the-Union-to-Raid-It/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Saving Europe’s banks: EU gets landmark deal

Posted on by

“Europe has agreed the core elements of a banking union that mark the most significant pooling of national power since the birth of the euro. European Union leaders meeting in Brussels Thursday will sign off a compromise deal hammered out overnight by their finance ministers after months of difficult negotiations. It will then go to European lawmakers for final approval before May 2014. The banking union is central to the eurozone’s response to future financial crises. The aim is to stop bank collapses from trashing national economies — a fate Ireland suffered in 2010 — and destabilizing the euro.”

http://money.cnn.com/2013/12/18/news/economy/europe-banking-union/index.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

G. Edward Griffin on Bitcoin & The Federal Reserve

Posted on by

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Stockman: GOP made budget deal a ‘joke and betrayal’

Posted on by

“Stockman added that the budget deal means lawmakers would take a ‘two-year vacation’ from dealing with the country’s fiscal situation and revisit it in 2015 at around the same time as the Iowa straw polls. Without an incumbent in the presidential race, both political parties will be too busy to touch the budget, he said.  Stockman compared the accord to ‘kicking the can’ into ‘low Earth orbit.’  The two-year deal averts deeper cuts to military spending, but Stockman said that’s where lawmakers should have looked for savings. The U.S. no longer faces threats from developed countries and has been ‘fired as the world’s policemen,’ he said.”

http://www.cnbc.com/id/101265477

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

The Biggest Interest-Rate Turn in 37 Years

Posted on by

“We witnessed the power of bond market vigilantes in 1980, at a time when most of them were in the United States. Now it’s much worse because so many are overseas.  We witnessed their power again in 1994, at a time when there was virtually no inflation scare. Now, it’s worse because all the Fed’s money printing is spooking investors about future inflation.  We also saw their power repeatedly in 2011 and 2012, when they dumped the bonds of Greece, Spain and Italy. Now it’s worse because, unlike the situation in Europe, there’s no country or union in the world big enough to bail out America.  In one sense, nothing has changed since Carter’s day of reckoning on April 15, 1980.”

http://www.moneyandmarkets.com/the-biggest-interest-rate-turn-in-37-years-56969

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

It’s Hard to Summon Sympathy for Big Banks

Posted on by

“It may not be easy to be sympathetic to the big banks, but it is easy to understand their surprise and frustration. They have gone from being viewed as national champions — proof of a country’s standing in the world — to being seen as a potential source of national disaster. Iceland and Ireland went broke because they had to, or chose to, bail out their irresponsible banks.  Eric H. Holder Jr., the attorney general, did not help when he said last spring that the Justice Department had to keep in mind that filing criminal charges against a large bank could ‘have a negative impact on the national economy, perhaps even the world economy.’ He quickly backtracked, but the perception was reinforced.”

http://www.nytimes.com/2013/12/13/business/little-sympathy-for-big-banks.html?pagewanted=all

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Marc Faber: ‘World Central Banks Are Going To Bankrupt The World’

Posted on by

“Incredible interview with Dr. Marc Faber about how world central banks could potentially create a major world economic collapse.”

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Central Banking: Sterile as the Grave

Posted on by

the-daily-bell-top-logo61

“Central banking is a modern religion, a technocratic one. The world’s top men, the ones who control banking, want to present central banking as a science. Any sense of spontaneity, gaiety or eccentricity is to be drained from the process. What is left is a dutiful acknowledgement that those minding the money store are the best of the best – and chosen for their fealty to honesty and their honest resoluteness in the face of the temptations of corruption. A straight-shooter, fearless, well-meaning, earnest … even a bit nebbish. That’s how the central banker is basically presented to the world. You don’t usually see them in relaxed environments. You hardly ever see them at barbecues.”

http://www.thedailybell.com/news-analysis/34797/Central-Banking-Sterile-as-the-Grave/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

The fight to avoid a sixth euro-zone bail-out reaches a climax

Posted on by

“The government of Slovenia, insists Alenka Bratusek, the prime minister of eight months, can set its country’s finances to rights without having to seek a bail-out from the euro zone and the IMF. Whether she is right will soon be revealed. In early December an independent audit and stress tests of the country’s troubled banks will disclose just how short of capital they are.  Between the middle of 2012 and of 2013, the ratio of non-performing to total loans rose from 13.2% to 17.4%, which is the highest level in the euro zone after Greece and Ireland.  The bad debts have been incurred predominantly through lending to businesses. ”

http://www.economist.com/news/finance-and-economics/21590956-fight-avoid-sixth-euro-zone-bail-out-reaches-climax-stressed-out

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Monetary Madness, Part II

Posted on by

“Like today, the Fed helped create a bond market bubble in the 1970s … but then began a panicky retreat in 1979 that helped drive T-bond yields to 13%, T-bill rates to 17% and the prime rate to 21%.  Like today, the Fed kept the lid on short-term interest rates in the early 1990s … but then was forced to unleash them in 1994, causing the largest calendar-year decline in bond prices in modern history.  And like today, in the first half of the 2000s, the Fed papered over every financial disaster it ran into — only to beat a sudden retreat by letting Lehman Brothers fail. They will do the same thing again — not because of any particular plan, but because they will have no other choice.”

http://www.moneyandmarkets.com/monetary-madness-part-ii-56401

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet