Archive - Mar 2015 - Blog entry

Last month the Deputy Managing Director of the IMF, Japan’s Naoyuki Shinohara, openly stated that emerging markets in Asia should begin the process of de-dollarisation “to mitigate against external shocks and constraining the central bank’s ability as lender of last resort.”

Most Canadian readers (in particular) will be aware by now of an extremely important trial currently taking place, a lawsuit by a citizens’ action group against the Bank of Canada: COMER vs Bank of Canada. It is extremely important, both in specific and symbolic terms, which is precisely why the Corporate media has totally censored any/all coverage of this legal challenge, which goes to the very heart of the corruption of our current monetary system.

Unfortunately, industrialists and bankers who reshaped schooling to serve their needs during the Industrial Revolution have transformed institutional academia into the rote memorization of many facts and have rotated it away from real learning that trains the mind to think.

Despite all of the talk of cutting the deficit and the like, the political class continues to throw taxpayer money around at a pace that is bankrupting the nation.

People think history is not repeating itself because a loaf of bread does not cost 10 million Deutsche Marks...

The divergence is not just between the US and Europe/Japan, but also China.  

"...the creation of money could be an important step for ailing economies"

They will reflate - There won't be growth - There will be blood!

Now is the time to plan your Greek tax collection holiday...

Bubbles arise if the price far exceeds the asset’s fundamental value, to the point that no plausible future income scenario can justify the price

The Fed can talk about recovery all it wants. But it’s just talk. 

Dollar extends gains, defies doom and gloomers again.  

There’s a big macro theme playing out in Europe – a once soft economic environment that allowed lots of inefficiency is becoming tougher and forcing companies to restructure, says Chris Mayer, author of Capital & Crisis and Mayer’s Special Situations.

Half of the Studies Find Cause For Concern … The Other Half Are Studies By the GMO Food Industry Itself

A brief dispatch from the MSM info sewer...