- MUST READ: Apple to Relaunch Manufacturing in US, Net Result +200 Jobs; Lights Out
- PRINT MORE MONEY - the new head of BOE, a former Goldman Sachs executive, is already hinting at more QE
- Cox and Archer: Why $16 Trillion Only Hints at the True U.S. Debt. What cannot be repaid, won't.
- Recovery? What recovery? The US trade deficit increased in Octobe.
- Only In California: School Owes $1 Billion On $100 Million...
Read...
Wednesday, December 12, 2012
Monday, December 10, 2012
Links 12/10/2012
- Let's print some more money! That will certainly solve all of our problems, right? Central Banks Ponder Going Beyond Inflation Mandates.
Just a quick note on 'money' (=currency) creation: If the newly created currency corresponds to newly created wealth, then, this is NOT inflationary, because the newly printed money are NOT printed "out of thin air". So long as there is growth/production of new wealth, there are more products...
Read...
Sunday, December 9, 2012
Links 12/09/12
- EU has long considered the Nabucco gas pipeline
a priority project needed to break its strong reliance on energy from
Russia, and USA has been backing the project - but now Nabucco is fading
away, because RWE AG (a GERMAN company) is backing off the project.
Germany has sided with Russia, no? RWE Exit Deals Blow to European Gas Pipeline
- MUST READ: USA - Exporting Gas And Oil Will Not Erase The Trade Deficit
-...
Read...
Friday, December 7, 2012
Links 12/07/2012
- Europe and Asia coming together (after all, Europe wants Asia's goods/services and Russia's energy, and Asia-Russia want Europe's goods and services, and its technical know-how, so now that America is no longer able to control Europe like before (due to its decline), Europe & Russia/China are a perfect fit for each other): Land bridge to boost Asia-Europe trade:"Trade between China and Shanghai Cooperation Organization...
Read...
Monday, December 3, 2012
Links 12/03/2012
-MUST READ: 2008? That’s Ancient History, Right? (see also Leveraging/Deleveraging: “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world”)
Memories are short, and 2008 is ancient history. Consumers can’t
suppress their urge to consume. Lenders can’t suppress their urge to
lend. We’ve learned nothing from the last boom-bust. We are repeating
it, piling error upon error.
“People will...
Read...
Friday, November 30, 2012
Links 11/30/2012
- Japan used to be the best at technical
innovation - now they are the best at...printing money, they do it all
the time! But much longer will it last? Japan Approves Modest yet another Stimulus Package. SEE ALSO: Special report: After a bashing, BOJ weighs "big bang" war on deflation
Oh, and what about the japanese stock market? The
capitalists, especially the bankers, are of course loving this new round of QE, because...
Read...
Thursday, November 29, 2012
Links 11/29/2012
- China is getting ready for A world without America at the helm - You have to check out the graphs on this article, they are GREAT (although the article itself is way too China-biased, as it was published in the Asia Times): Post-US world born in Phnom Penh
- Yawn: More money-printing coming from the FED (Well, how else are they gonna save the banks from bankruptcy, and at the same time reduce the workers wages, if not by money-printing...
Read...
Tuesday, November 27, 2012
Links 11/27/2012
- India and China Deepen Economic Ties
- Saudi Arabia: King's Rumored Death and the New Line of Succession
- Intel Views Indonesia as a Lifeline - The West buys gadgets (until it runs out of money), but Asia is growing, no?
Desktop and laptop sales to millions of first-time computer buyers in Indonesia are likely to bolster revenue at Intel Corp. and offset some of the ground lost in more-mature markets where consumers are...
Read...
Friday, November 23, 2012
Links 11/23/2012 + A story from Bulgaria:Welcome to your future dear PIIGS worker
Brent to eclipse US crude as world oil benchmark (livemint)
Iran doesn't like the dollar - in fact, Iran has been calling for an end to the current "petrodollar" system for years, and this is obviously the biggest reason why America has branded it as a "terrorist-state": Iran urges use of alternative currencies in global trade (PressTV)
Saudi Arabia Plans $109 Billion Boost for Solar Power (Bloomberg) - Why sell your oil now,...
Read...
Thursday, November 22, 2012
Links 11/22/2012
Fed's Williams (via WSJ's Hilserath): PRINT MORE MONEY
NATO/USA want to install missiles in Turkey, Russia doesn't like it: Russia Warns Against NATO Missiles on Syrian Border
Why is the Greek stock exchange rallying? Because everyone who is everyone knows that Greece will not be allowed to default. After all, We've all read about the recent slump of Germany's exports, right?
Well, now Europe couldn't find a solution to Greece's...
Read...
Wednesday, November 21, 2012
A few thoughts on the matter of deficits: Do they matter or what?

Family and financial problems have prevented me from updating this blog, and I also have to prepare from moving from Greece to Australia, so my free time is limited.
However, I just read a couple of articles that caught my eye, and I'd like to share a few quick thoughts on the matter of deficits:
Britain's official public deficit climbs...
Read...
Monday, June 4, 2012
VIDEO: Planned Obsolescence ("The Lightbulb Conspiracy")

This video is well worth an hour of your time: Yes, there are many documentaries out there about over-consumption, consumerism, etc, but this one stands out from the rest, in that it makes this excellent observation on the world economy: Our economy is based on over-consumption and consumerism, even planned obsolescence of products, and...
Read...
Friday, June 1, 2012
Gold and the jobs report: If you only knew the power of the dark side

Well, in case you haven't noticed, is once again over 1600$/ounce. This "sudden" move was triggered by the US May Jobs Report, which Marketwatch described as "disappointing":
U.S. stocks sink after disappointing jobs report
Stocks on Wall Street fell sharply on Friday after a disappointing U.S. jobs report and downbeat data from China...
Read...
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