November 3rd, 2014
in Op Ed
by John Ward, Doomstead Diner
Discuss this article at the Economics Table inside the Diner.
Interrogate harmonised eurobanking, and it rapidly becomes clear that the entire edifice is designed to stop capital flight. A disgruntled Slog investigates.
It's enough to make a chap vote UKip.
You may have seen from the morning's Slogpost several days ago that I've been having trouble with Ding Dong Bank - a French institution keen to profit from its totally manufactured 'success' in the EBA stress tests. This morning I was back in my local branch to ask why - with nearly €60,000 deposited in my accounts there - I'd been left with no liquidity during the weekend, and my bank card had been refused from Avignon to Zabalza.
November 2nd, 2014
in Op Ed
by Seth Mason, ECOMINOES.com
Published originally at Solidus.Center 31 October 2014.
An adviser to Solidus.Center recently suggested that we make one of our platforms support of antitrust suits against medical monopolies. At first glance, this platform seems tangential to our organization's mission of promoting reform of the Federal Reserve System. In reality, it's integral.
Oil prices have fallen dramatically since August – and, rather counter-intuitively, this could be a bad thing. As of late October, the price of oil has fallen from US$110 per barrel (bbl) to below US$85. There are predictions it could further descend to US$60-$70. While a drop was expected, due to lower global demand and oversupply, such levels would be radical indeed.
October 31st, 2014
in Op Ed
by Chris Mayer, Daily Reckoning
"We can't run out of money," economist L. Randall Wray said. The U.S. government spends through keystrokes that credit bank accounts, he continued. The money comes from nowhere. The government doesn't need to finance itself with taxes. And it doesn't borrow its own currency. It can afford all that is for sale in dollars.