Germany’s finance minister, Wolfgang Schauble, has drawn opprobrium and praise in equal measure for his suggestion that Greece takes a “time-out” from the eurozone. In proposing that Greece could be better off outside the euro, the irascible 72-year-old crossed a political rubicon: he confirmed that the single currency was “reversible” after all. But having broken the euro’s biggest taboo, commentators …
The Federal Reserve Board, Jobs and the Rewriting of Economic History By Dean Baker
As most people know, economists are good at rewriting history. We have seen this in the last few years as the collapse of the housing bubble and the ensuing downturn has been turned into one of those unavoidable tragedies that could not have been prevented. After all, no one could have imagined that house prices wouldn’t keep going up forever …
Deciphering the Fed’s Actions, “Spoon Feeding the Market”: Whatever they Do, the US Economy is Damned
Wednesday is yet another Fed meeting where we get to hear “policy” from them. So many times in the past, the upcoming meeting has been called “THE” most important meeting ever. This one is being called the same thing. I have mentioned more than a few times in the past six years “what can they really say?” I’ve done this because …
New evidence that increasing economic inequality rises out of political partisanship
Political scientists at the University at Buffalo and Pennsylvania State University have published new research investigating how partisan differences in macroeconomic policy have contributed to substantial and rising economic inequality in the United States. The negative consequences of such policy decisions, researchers found, have a greater impact on people at the lower end of the economic spectrum, but are “significantly …
China’s Plan to have an International Reserve Currency linked to Gold
Common wisdom has China as the future model for the Globalist economy. Also, conventional thinking has the Western financial debt created money system as the backbone of the New World Order. The big question is, are both components of the same intentional plan? When China Has Announced Plans For A ‘World Currency’, the world is put on notice that a fundamental …
Wake Up Call – How They Manage To Lie About the “Economic Recovery” – 03.09.15
The Federal Reserve issued their fourth quarter Report On Household Debt And Credit last week to the sounds of silence in the mainstream media. Here’s some actual analysis which describes how they manipulated a fake recovery and kept the masses sedated, misinformed and pliable. Lots of figures for you but they tell their own story. We can even see clearly …
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