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http://www.zerohedge.com/news/2013-03-02/china-central-bank-says-it-fully-prepared-looming-currency-war Central banks itself are a catastrophe, central banks and Fiat money of paper with which you have to pay is just a desaster waiting to happen. A real...
Well it seems we won't learn it. It was the cheap credit which lead the the inflated prices of housing in every country now in trouble. The low interest the states had to pay lead to astronomic budget holes. Because money does not cost much. Instead...
Well we see the catastrophes coming. Spain, Greece, Ireland etc. have suffered (and are suffering) severly under a credit expansin. We know that this will lead to a catastrophe sooner or later. Von Mises has told us, Hayek hase told us and many others...
Money printing does not lead to inflation Oh yeah. And that from a country which has disappropriated all the private creditors and have ruined the middle class through high inflation. Am I impressed? You can bet.....
The ECB is now officially financing insolvent states. Despite the laws for the ECB. How is that done? Very easy the ECB does not buy bonds directly of states but in a perfidiously way. As you have read yesterday the ECB lends out money to banks with 1...
Great news for all the inaptly European banks out there. The lender of last resort, does what the FED does for ages, they are printing money. Well it's not named this of course. Because we live in time of double-speak. It's to avoid a credit crunch...
or, why deledefs love Fiat-money and their money monopoly. Well as we have to realize that we have a debt problem world-wide. (USA > 15 trillions of debt, just remember in June or so they have raised the debt level vom 14 trillions), The EU somewhere...
This is a very crude way to discuss. If you'd read Rothbard you will see he never talks about some fiat-currency but gold ounces and that even those earn their interest. That it's not so with current gold is simply because gold is calculated in...
Well if you think happy is much to strong. How about being relieved? Was the day of the death of Alexander the Great, Caeasar, Hitler, Stalin, Lening or you name it a "happy" day? Well I guess it very depends. If you had been supressed or conquered...
this is the question. The Dax is up around 1000 points that are roughly 16,67 %, let's see what the Dow has done: up around 1000 points also that are roughly 9.6%. Well let's see Gold: roughly up 300 EUR from 750 EUR beginning of the year, that...