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Post-Eurozone Stress Test Syndrome: PESTS

November 3rd, 2014
in Op Ed

An update on the calumny involved

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.

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Four Decades Later, has America Finally Got Over the Oil Crisis?

November 2nd, 2014
in Op Ed

by Jennifer Hunt, The Conversation

The Australian Financial Review recently trumpeted America’s “re-emergence as a world oil power”. It is an accomplishment four decades in the making and its success is still under debate.

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Why Breaking Up Medical Monopolies Is Integral to Reforming the Fed

November 1st, 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.


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A High Oil Price Might Be a Good Thing for the World – Here’s Why

November 1st, 2014
in Op Ed

by Scott L. Montgomery, The Conversation

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.

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Why a Central Bank Can Never Run Out of Money

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.

Read more »





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