The Euro will rally do its work when crises hit, Mundell explained. Removing a government’s control over currency would prevent nasty little elected officials from using Keynesian monetary and fiscal juice to … Continue reading The purpose of the Euro was (and is) to destroy labor unions and get wages down. Period.

But it’s been tougher than it needed to be, since Finland hasn’t been able to do what a country would normally do in this situation: devalue its currency.That’s because Finland doesn’t have a … Continue reading Euro creates problems for many European countries – Business Insider

For the first time in more than 50 years journalists are facing treason charges, which is being denounced as an attack on the freedom of the press Source: German government accuses news … Continue reading German government accuses news website of treason over leaks

Since the Federal Reserve only requires private banks to have 10% of the money they loan out actually on hand, isn’t the remaining 90% of money loaned by banks “created out of thin air?” Continue reading Do private banks create money?

paul meli said… I don’t know about Britain, but in the USA the outstanding balance of private credit is about $46T and the total of all government spending since WWII about $68T, so someone is confused. I already debunked this here: http://economicsrantsnmusings.blogspot.com/2013/06/does-credit-drive-economy.html <– Private link, looking for cached version somewhere to support what he’s … Continue reading Do private banks ‘create’ more money than the government?

Is the FED only a quasi-arm of the Government? The Fed is a public-private partnership, but monetary policy is determined from the top. Governance Fed Board of Governors: all 7 members appointed by … Continue reading Is the Federal Reserve a Quasi-Arm of the Government?

Quarterly profits baby! One of the things destroying the world we live in. Source: Firms are ‘almost eating themselves’ Andy Haldane tells Newsnight – YouTube   Continue reading Firms are ‘almost eating themselves’ Andy Haldane tells Newsnight 

Shareholders must stop sucking companies dry at the expense of innovation, investment and the wellbeing of the workforce Source: ‘Quarterly capitalism’ is short-term, myopic, greedy and dysfunctional| Will Hutton | Comment is free | The Guardian Continue reading ‘Quarterly capitalism’ is short-term, myopic, greedy and dysfunctional | The Guardian

A solid majority in the House of Representatives has voted to block efforts in some states to require labeling of GMOs. Source: House To States: Don’t You Dare Demand GMO Labels : … Continue reading House To States: Don’t You Dare Demand GMO Labels : NPR

Funny stuff! Not a fan of companies/groups pretending to be one thing when they are exactly the opposite. Continue reading AFSCME Trolls ALEC

The donors at the very top of the money pyramid provided the financial fuel for many of the attack ads and other messages from independent organizations that filled the airwaves last year. … Continue reading No member of 114th Congress elected without money from the 1% of the 1%

It’s hard to imagine a situation where this most recent 86 billion euro ($94.1 billion) Greek bailout will succeed where the first 110 billion euro ($120.4 billion) Greek bailout in 2010 failed. Or where … Continue reading Recent Greek Bailout a Sign of Political Crisis and Syriza Failure