Russia welcomes Kazakh proposal for electronic single currency
15:51 | 14/ 03/ 2009 MOSCOW, March 14 (RIA Novosti) - The Kazakh president’s idea for a unified currency for payments between states in the Eurasian Economic Community will be examined and could go forward, Russia’s foreign minister said on Saturday.
President Nursultan Nazarbayev’s suggestion would not mean replacing national currencies with an equivalent of the euro, but would create a non-cash currency for interstate (...)
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Russia welcomes Kazakh proposal for electronic single currency
14 March 2009 par (Open-Publishing)
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No Nation Can Long Endure Half Bankrupt
3 March 2009 par (Open-Publishing)
By David Glenn Cox http://theservantsofpilate.com
I take no joy in saying the things I say; I wish I could write about happy puppies loping through the warm grass in the summer sunshine. Oh, wouldn’t it be loverly? I take no pleasure in the things I see; I become angry to the point of outrage, not at the right, no, not at them, they are acting as you would expect spoiled children to act. My anger is with the left, or the lack of the left.
Have we become so desensitized as a people that (...) -
Would a global 10% income tax (global flat rate) help world wide economy to recover?
2 March 2009 par (Open-Publishing)
1 commentWould a global 10% income tax (global flat rate) help world wide economy to recover?
There exists 51 offshore financial centres with almost 0% income tax on planet earth:
Andorra, Anguilla, Antigua and Barbuda, Aruba*, Bahamas, Bahrain, Barbados, Belize, Bermuda, British Virgin Islands*, Cayman-Islands, Jersey and Guernsey, Cook Islands, Dominica, Dubai, Gibraltar, Grenada, Hongkong**, Ireland**, Isle of Man, Jordan**, Libanon**, Liberia, Liechtenstein, Luxemburg**, Macao**, Maledives, (...) -
Will the economic crisis lead to social unrest in the UK?
28 February 2009 par (Open-Publishing)
2 commentsIf the predictions of some economists are right and we are heading for a prolonged slump, then the answer to the question has to be yes. What is more difficult to predict is exactly how this social unrest will manifest itself and who will be the main actors. Some commentators are implying that we could see a return to the kind of disturbances that swept across the country during the early 1980s. My view is that as the UK has changed so much since the early 1980s as to be almost (...)
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Tomorrow a New World Begins
25 February 2009 par (Open-Publishing)
By David Glenn Cox http://theservantsofpilate.com
Tomorrow a New World begins; in this new world we are going to tell the unvarnished truth. We are not going to skim the numbers or color the facts. The unemployed are unemployed. They are not discouraged workers, they are not displaced or outsourced, they are unemployed. And they are unemployed, to a large degree, so that a small number of people can get very, very rich.
We are not in a recession, repeat, we are not in a recession; we (...) -
Eastern European bailout proposed
24 February 2009 par (Open-Publishing)
Sebastian Moffett The Wall Street Journal
EUROPEAN leaders called for doubling the International Monetary Fund’s war chest for bailing out financially stricken nations, amid new signs that Europe’s former Communist East is sliding into a full-blown economic crisis with worrying implications for the continent as a whole.
Europe’s developing economies from Poland to Ukraine are facing their worst economic crisis since the fall of the Berlin Wall 20 years ago. Capital is fleeing Europe’s (...) -
Romania can drive Austria to meltdown
17 February 2009 par (Open-Publishing)
Romania can drive Austria to meltdown
17 Februarie 2009
Countries like Romania are too proud of their economic performances and overconfident that they will dodge financial crisis and this is why they showed reticence and lack of interest toward Vienna’s rescue package for banks, which can lead to a disaster, says the Austrian press. After the last week’s visit of Austrian minister of finance, Josef Pröll in Romania, Croatia, Bulgaria and Ukraine, the commentaries on the Vienna (...) -
The Birth of a Financial Engineer : Who Creates Weapons of Financial Destruction?
14 February 2009 par (Open-Publishing)
They’re all over the place. Think tank bloviations on “possible terror attacks in the US.” An attack is imminent, one cries. Be prepared, warns another.
While we are shaking in our boots over yet to happen attacks from foreigners, the current incarnation of weapons of financial destruction is doing real damage right now. Factories are downsizing or shutting down. Chain stores are seeking bankruptcy protection or going the way of the dinosaur. State governments are furloughing employees, (...) -
European bank bail-out could push EU into crisis
13 February 2009 par (Open-Publishing)
A bail-out of the toxic assets held by European banks’ could plunge the European Union into crisis, according to a confidential Brussels document.
By Bruno Waterfield in Brussels
“Estimates of total expected asset write-downs suggest that the budgetary costs – actual and contingent - of asset relief could be very large both in absolute terms and relative to GDP in member states,” the EC document, seen by The Daily Telegraph, cautioned.
"It is essential that government support through (...) -
Economic Fascism and the Bailout Economy
12 February 2009 par (Open-Publishing)
Economic Fascism and the Bailout Economy
by Gary North
I have lived through three monumental historical events. I remember only two of them.
I do not remember the dropping of the two atomic bombs in August of 1945. As symbols of scientific world transformation, this constituted the most momentous event of the 20th century. This breakthrough, so far, has not led to nuclear war, even though on several occasions, it looked as though nuclear war was a distinct possibility. Nevertheless, (...)