Author archives: Simone Wapler

  • This Caribbean Island Is Making Economists Scratch Their Heads

    15.09.2017 • FranceComments Off on This Caribbean Island Is Making Economists Scratch Their Heads

    Hurricane Irma has provided us with an incredible comparison between types of governments. Today, we look at the tiny island of Saint-Martin, part of which is under Dutch administration and the other under French administration, to see which type worked

  • This Scandal Could Topple Facebook Forever

    14.09.2017 • FranceComments Off on This Scandal Could Topple Facebook Forever

    It's hard to track how many people see an ad in a magazine or your poster at a conference. On the other hand, a geek can guarantee you click rates, traffic, etc. Well, that's what we all thought up until this week...

  • Two Competitors Are Vying For the Global Currency Throne

    13.09.2017 • FranceComments Off on Two Competitors Are Vying For the Global Currency Throne

    Nowadays, central bank-controlled fiat currencies have two main competitors: gold and cryptocurrencies, like Bitcoin. These are two assets that can not be infinitely multiplied. How are central banks reacting?

  • The Chink in Greece’s Armor Not What You’d Expect.

    12.09.2017 • FranceComments Off on The Chink in Greece’s Armor Not What You’d Expect.

    After Greece raised another $3 billion in emergency funds, the parisitocracy rejoiced. They ignored the fact that the government is still completely broken... as proven by the Eldorado exodus.

  • These 3 Countries Are Government-Free – Look at the Results!

    11.09.2017 • FranceComments Off on These 3 Countries Are Government-Free – Look at the Results!

    Netherlands (180 days). Spain (315 days). Belgium (541 days). In each country, the economic indicators like GDP and employment have all turned green. Why can't politicians see that "laissez-faire" works?

  • Time to Invest in This “Barbaric Relic”

    08.09.2017 • FranceComments Off on Time to Invest in This “Barbaric Relic”

    Keynes and others have called gold a 'barbaric relic'. To me, gold is a live testament to people's confidence (or lack thereof) in the market, currency, and government.

  • The Draghi Guarantee: the Glue Holding Europe Together

    07.09.2017 • FranceComments Off on The Draghi Guarantee: the Glue Holding Europe Together

    I don't envy Mario Draghi. He has the monumental responsibility of guiding billions of independent free-thinkers to invest a certain way, buy the right things, pay the right taxes... all while fighting against the natural cycle of the economy.

  • Everyone Loses with the French Government’s New Plan

    06.09.2017 • FranceComments Off on Everyone Loses with the French Government’s New Plan

    In its omniscience, the French government has doubled down on a failing plan to adopt windmills across the countryside. At best, this €30 billion project will only generate 0.7% of the country's energy.

  • The Congolese Crisis Coming to Your Doorstep

    01.09.2017 • FranceComments Off on The Congolese Crisis Coming to Your Doorstep

    My son, who works in Congo, called. "Hopeless", he said. Bank runs. Frozen accounts. Bankruptcy. Confiscation. Nationalization. Maybe even civil war. This is what happens societies are built on fake growth without real wealth creation.

  • Central Bankers: Kudzu of the Economic World

    30.08.2017 • FranceComments Off on Central Bankers: Kudzu of the Economic World

    Japanese knot-weed a.k.a kudzu is an invasive cancer of a plant that was originally introduced as an ornamental curiosity, but is now an unstoppable force overwhelming forests at breakneck speed.

  • $10.4 Billion Bank Run in Moscow

    29.08.2017 • FranceComments Off on $10.4 Billion Bank Run in Moscow

    Otkritie Bank, Russia's largest private lender, saw over 20% of its assets withdrawn over the past two months. While depositors flee, the Kremlin must be considering a bailout (which the FT estimates will cost over 1% of Russian GDP).

  • New Crisis Simmers as Central Banks Head to the Resorts

    28.08.2017 • FranceComments Off on New Crisis Simmers as Central Banks Head to the Resorts

    When central bankers are popping champagne and slapping each other on the back, you know it's time to leave the party.

  • Debt Withdrawal Will Cause Side-Effects in Your Euro Portfolio

    25.08.2017 • FranceComments Off on Debt Withdrawal Will Cause Side-Effects in Your Euro Portfolio

    Central bankers are expected to announce the end of the €60 billion per month bond redemption program, a move likely to produce violent side effects...

  • Adam Smith: “Landlords…love to reap where they never sowed”

    24.08.2017 • FranceComments Off on Adam Smith: “Landlords…love to reap where they never sowed”

    The arrival of new real estate taxes in France is the occasion to remind us that both wealth and rent collected from real estate are artificial.

  • EU Wants to Freeze Your Money in the Banks

    22.08.2017 • FranceComments Off on EU Wants to Freeze Your Money in the Banks

    To save zombie banks and avoid a "liquidity crisis", European authorities are discussing a law allowing them to freeze your deposits. The fact that the laws are now made, not to protect individuals, but to protect corporate interests, is a very worrying

  • © Copyright Albert Bridge and licensed for reuse under this Creative Commons Licence.

    Rising Debt Forecasts Another Collapse

    21.08.2017 • FranceComments Off on Rising Debt Forecasts Another Collapse

    The 2008 crisis erupted due to over-indebtedness of US households. 10 years later, public debt AND private debt have returned to unsustainable levels, and wealth creation can't keep up. There's one big difference: the States can't bailout the economy with

  • Mohamed: Financial Guru and Uber Driver.

    18.08.2017 • FranceComments Off on Mohamed: Financial Guru and Uber Driver.

    It is customary in finance to mock the investment recommendations of a taxi driver...but what about an Uber driver?

  • What Astrology Can Teach You About the Economy

    17.08.2017 • FranceComments Off on What Astrology Can Teach You About the Economy

    As astrologers rely on the position of the stars to read the future, our central bankers rely on economic models to guide our economy.

  • Forget Guam, North Korea’s Real Target is Your Wallet

    16.08.2017 • FranceComments Off on Forget Guam, North Korea’s Real Target is Your Wallet

    The 2nd Korean War hasn't started, but it has inflamed bitcoin and gold prices, leaving us wondering which will win in the end: the rumors, or reality?

  • Average Frenchman Pays €29k in Taxes on €50k of Income

    28.07.2017 • FranceComments Off on Average Frenchman Pays €29k in Taxes on €50k of Income

    French taxes are anti-democratic. Fewer and fewer people are paying more and more taxes. In fact, less than one in two households (46.5%) now pays income tax.

  • The Dollar Is About to Fall… Big Time

    27.07.2017 • FranceComments Off on The Dollar Is About to Fall… Big Time

    The Fed has chosen to leave its key rates unchanged until further notice, but at the same time, it talks a lot about the imminent reduction in its balance sheet. If you're European, you should start thinking about an American vacation.

  • The Greek Habit of Robbing Peter to Pay Paul

    26.07.2017 • FranceComments Off on The Greek Habit of Robbing Peter to Pay Paul

    It's not really a success that at a notoriously corrupt country, which is unable to balance its budget and whose debt has not been honored three times in six years can find lenders.

  • Time to Pull the Plug on Greece

    25.07.2017 • FranceComments Off on Time to Pull the Plug on Greece

    The ECB is keeping Greece on life support. But Greece is still indebted in public capacity to the tune of 179% of its GDP and in private capacity to the tune of 137%! And it's not getting any better. Is this the new normal?

  • Here’s How Yellen and Draghi Intend to Enslave Your Children

    21.07.2017 • FranceComments Off on Here’s How Yellen and Draghi Intend to Enslave Your Children

    Trust is misplaced when it supports a dangerous myth. The myth of free and infinite credit, and the authority of central banks, is supported by your trust...But do governments and non-elected authorities really have your best interest in mind?