Speaking to a broad spectrum of people in Greece I am starting to wonder if bank runs are a fiction...
Central Banking
There are many sources that carry detailed answers to these questions and I could argue they are all correct but...
Just a quick post with a YouTube video (more…)
From socialjusticefirst (more…)
There is talk about a complete private sector strike tomorrow in Greece as a protest at further tax increases. But...
Peter Schiff, Ron Paul, Marc Faber etc are constantly talking about inflation and yet there does not appear to be...
Post Here My Reply (more…)
The geniuses at the Federal Reserve have concocted a bold new plan to revive the U.S. economy -- print a...
I think it is obvious to even the casual observer but I thought I would take the time to point...
The ND government in Greece are continuing their line that the Hellenic Post Bank is unviable. (more…)
Banks are getting a bad press at the moment and it appears governments are people are powerless without them, but...
We can , as individuals, print our own, trusted, personal currency. After a conversation on Yanis Varoufakis's blog I found myself...
The Greek government has come out today and stated that the Hellenic Post Bank is not viable. (more…)
The current government in Greece has pledged not to cut the government workforce, proposed liberalizations of protected industries such as...
Most of the media is saying that the answer to the crisis in the Euro is for the ECB to...
This week has been full of optimism about Draghi & Merkel's comments that they will do whatever they think they...
This is the type of news story that gets absolutely zero coverage in the mainstream media, why? Because it exposes...
It's been going for 8 years and the Greek government is still no closer no reducing it's deficit and in...
I was speaking to a Greek lady yesterday and she was wondering what the effect would be in Greece now...
Let me say from the off that I think Peter Schiff rocks but when it comes to austerity in Europe...
So the news reports that Rajoy is following the same program of "austerity" as Greece. The effect that so-called "austerity"...
It is a common line by liberals that a Gold standard would be manipulated by the mega rich. The thinking...
A lot of things came out of Paul Tucker's testimony yesterday in front of a Commons Select Committee. The first was...
Did Paul Tucker let the cat out of the bag during his testimony? Let me first repeat the them of...
To establish the fundamentals. The British Labour Party is socialist, therefore their broad mission is to protect the working class...
Russia Today commented on an article by Yannis Varoufakis regarding the ECB profiting by 840 million Euros on loans made...
Let me first apologise for the long winded podcast, I do it on my way to work and the traffic was particularly...
I'm watching the testimony live here http://www.livestation.com/en/bbc-world The point that is coming through in my mind is that the way LIBOR...
One thing that has struck me through all the news coverage of the supposed LIBOR rigging has been the complete...
Athens News reports today that out of the 1 billion Euro bailout tranche paid to the Greek government in June,...
Bloomberg did a little piece of the LIBOR rate rigging scandal today. If you are the sort of person that...
The EU summit on the weekend has announced that banks could now get direct access to a country's tax revenue...
Just caught this article. Apparently banks have been working together to fix interest rates. This does not surprise me, I...
You would think Junker would have enough on his plate trying to implement his Eurobond idea but no. The next...
So what are Eurobonds? This is government debt which is backed by all the governments in the Eurozone. What is...
Government debt keeps getting larger even when adjusted for inflation. That’s it. For that reason alone governments trying to "help"...
Einstein said the definition of insanity is continuing to do the same thing and expecting a different result. If he were alive...
The Fed is reactive. That's it, it is that simple. This post is a bit of a ramble so bear...
1. Fascist. You have the Spanish finance minister on TV categorically denying that the government has anything to do with...
The mayor of Volos is the most forward thinking poltician I know of in Europe. He is encouraging something which...
This is a quote from Athens News today "If Greece unilaterally rejects the bailout deal it will be isolated for...
Even I cannot believe it. This is the Editorial in Athens news today. (more…)
Wikipedia has a complicated explanation of fraudulent conveyance and why it is illegal but it simple terms it boils down...
The transfer is fraudulent if made with actual intent to hinder, delay or defraud any creditor. Thus, if the transfer is...
The big target for the Greek government has been to reduce the primary budget deficit (ie for the government to...
Reuters has a very broad article today outlining he possible consequences of a Greek exit from the Euro currency. It...
Listening to American talk radio it seems Americans have the idea that Europeans are unhappy because governments are cutting back....
The money system of most countries of the world is based on the central banking business model. The business model...
Central bank From Wikipedia, the free encyclopedia This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material...
The control the central banks have over economies is become understood by more people everyday. On the 6th of April...
Bailouts say banks can borrow as much money as they want, if the government can't pay the loans back directly...
Troubled Asset Relief Program From Wikipedia, the free encyclopedia "TARP" redirects here. For other uses, see Tarp. This article is about...
Apparently Greek banks could need up to 50 billion Euros to stop them from becoming state entities. Ever since Gordon...
Nationalisation of Northern Rock From Wikipedia, the free encyclopedia People queuing at a branch of theNorthern Rock bank in Brighton on 14 September...
I had the pleasure of speaking to a lady working in Greece today and she was explaining the new taxes...
The value of the Euro is controlled by the ECB through interest rates. To use a metaphor to explain how...
I have written before about the constant stalling on the holding of general elections in Greece. The news today is...
Athens News published a supposedly confidential IIF report on the cost of a Greek default. Here is my analysis. There...
Athens News ran an editorial today saying how important it was for the Greek government to reform, not so the...
Are Greek politicians being unwittingly used to manipulate Greeks into accepting the surrender of their countries sovereignty to Europe? Greek...
The Greek recession has been, and is being deliberately induced by the Greek government. The purpose is vilify German economic...
The European Central Bank (ECB) is the institution of the European Union (EU) that administers the monetary policy of the 17 EU Eurozone member states. It is thus one of...
The ECB is currently influenced by German politicians (Bear with me, it takes a while for me to get to...
The recession in Greece is completely artificial and completely unnecessary. The Papandreou and now the Papademos regime have had to work...
Athens News covers an intelligencesquared debate held in Greece yesterday. Roubini is one of the most respected economists on the...
Assuming Germany and the EU decide not to "bail out" Greek bank depositors. What does that say about the last...
The Papademos regime is leading the world to believe that despite the Greek government being of the verge of default...
There is one fundamental issue that could affect all Greeks in a default. Despite the economic problems in Greece being...
Μετάφραση από το Google Γερμανός υπουργός Οικονομικών Σόιμπλε είναι εισηγμένες σήμερα από το Reuters, όπως λέει? "Οι υποσχέσεις από την Ελλάδα...
German finance minister Schaeuble is quoted today by Reuters as saying; "The promises from Greece aren't enough for us anymore,"...
Εάν ο γείτονάς σας βρέθηκε σε αδυναμία να πληρώσουν την υποθήκη τους και τον τραπεζίτη σας για να σας ήρθε...
Απειλές είναι τα μόνα εργαλεία που Παπαδήμος και η ελληνική κεντρική τράπεζα έχει. Λογικό επιχείρημα αυτό δεν είναι με το...
Threats are the only tools that Papademos and the Greek central bank has. Logical argument is not on their side....
You have to feel for Samaras. I think he wants to do the right thing for Greece but he is...
But why? Germany has made it quite clear that it is the Greek government's choice as the whether they want...
The Greek economy has been mismanaged by consecutive greek governments. The Greek central bank has been instrumental in allowing successive...
http://www.cnbc.com/id/41532451/The_Worst_Hyperinflation_Situations_of_All_Time
At a time when the Greek GDP is not enough to service the Greek debt load, Papademos has announced that...