Bowing to the inevitable, Switzerland has ditched an increasingly expensive policy to limit the export-sapping rise of the Swiss franc — a decision that propelled the currency a whopping 30 percent higher against the euro within minutes.
Thursday’s decision by … Read the rest
The leading macroeconomic Nobel-laureates, the central bankers as well as most politicians have reduced their economic judgment on how to get the economies in Europe and Japan back to sustainable growth on just two recipes: public investments in infrastructure to … Read the rest
The French Front National’s leader Marine Le Pen has sent a letter to the Governor of the French Central Bank, the Banque de France, demanding that France join the list of nations which have repatriated their gold, or at … Read the rest
Polls show that the gold requirement is favored by the less well off and opposed by wealthy Swiss invested in stocks. These poll results provide new insight into the real reason for Quantitative Easing by the Federal Reserve and European … Read the rest
Next week, Italy’s Beppe Grillo – the leader of the Italian Five Star Movement – will start collecting signatures with the aim of getting a referendum in Italy on leaving the euro “as soon as possible,” just as was done … Read the rest
The European Central Bank – ECB – invented yet another tool to hold Europe hostage vis-à-vis Russia
The ECB has just launched – effective 4 November 2014 – a new watchdog to control and regulate the European banking system. It … Read the rest
The conflict between ECB President Mario Draghi and Bundesbank President Jens Weidmann over the course of the European Central Bank is more severe than expected, and has become “almost impossible.”
The Italian ECB chief characterizes the Bundesbank president after statements … Read the rest
The European Central Bank, or ECB’s mandate is to keep the euro stable and keep inflation low. But critics claim it has since strayed into policy making.
Germany’s Constitutional Court referred a decision on the question to the Luxembourg court … Read the rest
By Peter Koenig
Ever since the BRICS (Brazil, Russia, India, China and South Africa) expressed their unison through the formation of a joint Development Bank – Durban, South Africa on 27 March 2013 – the Zionist-Anglo-Saxon caliphate attempted to divide … Read the rest
The European Central Bank
The European Central Bank cut interest rates to record lows on Thursday, imposing negative rates on its overnight depositors to cajole banks into lending more and to fight off the risk of Japan-like deflation.
The cut, … Read the rest
Who better to help Greece escape financial turmoil than Wall Street mafia head Goldman Sachs and the international banking elite family known as the Rothschilds?
According to an official statement as reported by Reuters, Greece’s bank rescue fund has turned … Read the rest