Archive for the 'Economy' Category
Germany Must Hit the Eject Button
October 1st, 2011Absent significant monetary instability or an injunction for use of bancor for the making of an important set of payments (e.g. payment of taxes), surmounting the barriers to wide acceptance would be a key and perhaps prohibitive challenge. —IMF on the Proposed Global Currency Called the Bancor, Reserve Accumulation and International Monetary Stability, April 13, […]
A Form of ‘Neo-Stagflation’ Has Emerged
September 30th, 2011Via: Globe and Mail: This neo-stagflation is characterized by rising prices for food, fuel and metals – which were also key drivers in the 1970s stagflationary spiral. “An OECD economic cycle in which prices of foods, fuels and precious metals rise far more strongly than prices of manufactured goods – or workers’ wages – is […]
Morgan Stanley Seen as Risky as Italian Banks
September 30th, 2011Via: Bloomberg: Morgan Stanley (MS), which owns the world’s largest retail brokerage, is being priced in the credit- default swaps market as less creditworthy than most U.S., U.K. and French banks and as risky as Italy’s biggest lenders. The cost of buying the swaps, or CDS, which offer protection against a default of New York-based […]
Rare Earth Elements: ‘Demand Destruction’
September 30th, 2011This is a pretty good article that goes into several reasons for the price declines; speculators selling, companies finding alternative materials, companies re-designing products, recycling and others. Via: Bloomberg: Rare-earth prices are set to extend their decline from records this year as buyers including Toyota Motor Corp. and General Electric Co. scale back using the […]
New Zealand Credit Rating Downgraded
September 29th, 2011Via: New Zealand Herald: Fitch ratings agency has lowered New Zealand’s credit rating by one notch to “AA” and expressed concern over its high external debt. “New Zealand’s high level of net external debt is an outlier among rated peers – a key vulnerability that is likely to persist as the current account deficit is […]
Former Member of Bush Economic Team Thinks Germany Will Bring Back Deutsche Mark: ‘They Have Already Ordered the New Currency and Asked that the Printers Hurry Up’
September 29th, 2011Bio: Philippa Malmgren: Dr. Philippa Malmgren is the President and founder of Principalis Asset Management, a financial firm based in London. In short, she helps fund managers better understand how politics, policy and geopolitics will impact the financial markets. Investors use her insights to manage their portfolios more profitably. Her clients include many investment banks, […]
Gallery: Student Protests in Chile
September 29th, 2011Resistance… U.S. style: Lots and lots of iCrap-TwitFace connectivity, diabetes, obesity, people eating McDonalds food, limousine liberals, very expensive cameras, not many participants (sometimes more cops than protestors in other galleries and video)… vs. Chile: General strike, streets clogged with thousands of people from all walks of life, protestors attack cops, not just the of […]
6 Images of Abandoned Weaponry You Won’t Believe Are Real
September 29th, 2011Via: Cracked: Rare, expensive materials, cutting-edge designs and top-secret prototypes are all hallmarks of the military industrial complex. It’s how they produce all their beautiful toys: the stealth fighters, nuclear submarines and flying fortresses that are the cornerstone of our childhood fantasies and Michael Bay movies. But what happens when you get bored of your […]
The A to Z of the pHood Industry’s Most Evil Ingredients
September 29th, 2011Via: Natural News: Ever wonder what’s really in the food sold at grocery stores around the world? People keep asking me, “What ingredients should I avoid?” So I put together a short list that covers all the most toxic and disease-promoting ingredients in the food supply. These are the substances causing cancer, diabetes, heart disease […]
And Now… More Troops to Libya to Search for Thousands of Looted Surface to Air Missiles
September 29th, 2011Northrop Grumman will be pleased. Via: AntiWar: According to White House spokesman Jay Carney, the United States is preparing to deploy additional forces on the ground in Libya to “secure conventional arms storage sites” as well as to try to track down missing surface-to-air missiles (SAMs). In the wake of the rebel invasion of Tripoli, […]
