Home » Blog » 2015 » February

Archive for February, 2015

petermiller1986i'm hanging out for fractional-reserve grain silos. surely all that extra grain will cure world hunger! i wouldn't call such a thing "deregulation" though....

October 2015

landlubberRemoving the ability of international banks to create money in a State’s territory would surely facilitate control over any nation’s money supply. To accomplish this should serious consideration now be given to the creation of a three-tier banking system to accommodate the regional development ...

May 2015
latest comments - view discussion

What is the Greek finance minister asking for?

Yanis Varoufakis

Recent events in Europe have stolen much of the limelight in global financial and business news. Signs of deflation, decreasing oil prices, and the announcement of European QE has many analysts scratching their heads, wondering exactly what is going to happen next. Then there is Greece, and the recent election of the ‘radical’ left-wing party Syriza, whose candidness, charisma, and defiance has taken Europe by surprise.

Croatia to write off debt for the poorest


Croatia has recently announced a new, fairly unorthodox strategy to help some of its poorest citizens. The country, as many others, has been hit hard by recession and has so far been unsuccessful in reviving its sluggish economy. Unemployment has risen sharply, particularly among the young population (in a country of roughly 4 million, current unemployment rates stand just shy of 330,000) and even those working are sometimes unpaid for months. Mortgages and other major loans all carry a currency clause, usually fixed to the Euro or the Swiss Frank and it's almost impossible to take any substantial loan in kuna (kn), the local currency. Around 38% of mortgages have been fixed to the Swiss Frank and as its rates spun out of control in recent years it left thousands unable to keep up with their payments, many losing their homes.

No Announcement posts

back to top