It is customary in finance to mock the investment recommendations of a taxi driver...but what about an Uber driver?
As astrologers rely on the position of the stars to read the future, our central bankers rely on economic models to guide our economy.
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?
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 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.
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.
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?
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?
The current monetary system, based on credit, is a new form of crime against humanity that leads to the creation of debt slaves. For my part, I call this system of "creditism", as opposed to capitalism.
Bubbles are usually localized, like the internet, housing, or railway bubbles of past. We are now, however, in an "everything bubble", which will cause unbelievable damage...and potentially destroy our monetary system.
'We are focusing on eliminating cash from trade' said the GM of Visa. Note the warlike terms being used...'the war against cash', 'eliminating cash'. If the new cashless society is going to be forced, then there is a great danger that the puppetmasters
Everything is fine. Counterfeit money has done its work of "extend and pretend": all bankruptcies and bad loans will dissolve thanks to the financial engineering of central banks, which are far from being exhausted...
Ethereum: -52% in a month. Ripple: -57% in a month and a half. Bitcoin: -21% in a month. Between just these three cryptos: More than $36 billion in value gone.
Expected revenues from hosting the Olympics are over €3.5 billion, or $4 billion. So why are host countries not turning a profit, and why has this notable city never hosted the games at all?
There are companies that buy bad loans from banks then either manage them or sell them to others as specialized 'vulture funds'. But why not chock these assets up as losses once and for all? Why are they kept in these bad banks?
Most of the 19 G20 countries (the 20th is the European Union) are no longer truly prosperous...they simply live in an illusion of prosperity through abnormally low borrowing rates.
After almost 10 years of free credit, weak links and financial zombies are swarming and the most extraordinary bubbles in financial history have swelled to unimaginable levels.
Democracy is a sinister farce that more and more resembles a stage drama. It will, however, meet its end when the 'money of others' is no longer enough to pay for good feelings... and that is the day that we will have a real crisis.
Tax currency is defined as 'not a legal tender and may not be converted into legal tender by the State. Is is, however, transferable to third parties and traded on the market.' Perplexed, dear reader? Me too.
French officials have declared that the Minister of Finance's 2017 budget is "insincere". Maybe the Minister, like Greece, has been asking Goldman Sachs for accounting advice...
Imagine a vast international monetary network beyond government control...gold and silver traders accept payments through it...an alliance between old shmooks and new techies...what do we have then?
Does the sentence, "ensure that our stimulus accompanies the recovery amid the lingering uncertainties", make sense to you? Rest assured, it's perfectly normal to say no. Central banks just avoid speaking clearly.
Even Greece and Italy are unafraid after the French election convinced investors that political risk in Europe is low...but the German election remains, and the crisis is not over...
The government says bank bailouts are in favor of economic health...but what about taxpayers? And why is this proven alternative being ignored?