Nationalization

The Cardinal Sin Of International Finance

"...the prime directive of any organism - whether it’s an amoeba or a person or a corporation or a government - is to survive... That’s why the US government protects the petrodollar so zealously. It needs the system to survive..."

Doug Casey On The Destruction Of The Dollar

Political action can change things. Russians in the ’20s, Germans in the ’30s, Chinese in the ’40s, Cubans in the ’50s, Congolese in the ’60s, South Vietnamese and Cambodians in the ’70s, then Rhodesians, Bosnians, Rwandans, and Venezuelans today are among those who certainly discovered it can...

How Socialism Ruined Venezuela

"As Venezuelans, our poor understanding of the importance of freedom and free markets has created our current disaster... when we enjoyed high levels of economic freedom, we allowed the destruction of political and civil rights, and when we finally established a democracy, we allowed the destruction of economic freedom."

Juncker Unveils Grand Vision For A United States Of Europe

“What Mr Junker wants de facto is to force the European union into a single state, and we know that the euro is not a success story. The second thing Mr Junker wants is de facto to actually get rid of all the internal borders, we see 10,000, 100,000, millions of African and Arabs are going to be coming to our continent,”

Are Central Banks Nationalizing The Economy?

"Monetization is a perfect system to nationalize the economy passing all the risks of excess spending and imbalances to taxpayers. And it always ends badly... To believe that this time will be different and governments will spend all that massive 'very expensive free money' wisely is simply delusional."

Steve H. Hanke's picture

Why was international financial officialdom so eager to raise banks’ capital-asset ratios? The starting point for the global bank capital obsession is found in Britain and its infamous Northern Rock affair. Indeed, this was the true beginning of the Great Financial Crisis and the Great Recession.