by Dan Kervick, New Economic Perspectives
It’s hard enough for ordinary citizens to keep up with the routine crony rackets the American plutocracy runs with their lackeys in Washington to rob us blind and lock us in the neo-feudal cages they are trying to build out of the bones of what was once the US middle class. But the task of keeping up with the scams becomes even harder when central bankers promulgate myths and hide behind shibboleths designed to prevent the public from grasping just how much power we all still possess to seize control of our own destinies.
Fog Over Eurozone Can't Pass Through British Sky!!
Written by Tony Perla
The implementation of a European Banking Union - at least for the Euro-Zone - is almost complete. The elements are there and it is just a matter of time for them to be instituted into national law. Europe has no "Constitution" or even body of law. All directives, for instance, from the European Commission must be voted into existence in each country's legislation. Yes, this makes for a time consuming lag from inception to implementation.
The process, to my mind, is clearly being driven by Germany. They have insisted on two measures that must exist before they give any leash to the ECB to assume any further Quantitative Easing.
by Ben Traynor, Bullion Vault
Mark Carney's been hired to bang bankers' heads together...
Where have all good men gone
And where are all the gods?
Where's the streetwise Hercules
To fight the rising odds?
Isn't there a white knight upon a fiery steed?
Late at night I toss and turn and dream of what I need.
I need a hero.
We imagine Britain's chancellor George Osborne has been humming this tune to himself in recent days, judging by the comments he made earlier this week announcing the Bank of Canada's Mark Carney as the next Bank of England governor when Sir Mervyn King retires next year.
by Frank Li
November 30, 2012
Dear Governor Romney,
How was your lunch with President Obama yesterday?
As a staunch supporter of your campaign (e.g. Top-10 American Misconceptions about Mitt Romney), I was disappointed at the election result. But was I surprised by it? No, not at all! As a matter of fact, in my open letter to Mitt Romney dated 5/18/2012, not only did I predict this outcome, I also spelled out a guaranteed path to success for you. Unfortunately, you did not listen ...
How could I have guaranteed such a success for you? Two reasons:
Written by Hilary Barnes
France's minister for industrial "redressement", Arnaud Montebourg, whose attacks on the management policies of such international giants as General Electric and Unilever may already have damaged France's reputation as a suitable economy in which to risk further investment, has now enlarged his field to include Mittal, the Indian business family. Montebourg is quoted as telling the Paris business newspaper Les Echos in the November 26 issue:
"We do not want Mittal in France because Mittal has not respected France."