There must be a universal speech template included in the monetary textbook that is shared among the various central banks. On September 28, 2015, Haruhiko Kuroda, Governor of the Bank of Japan, delivered a speech that wasn’t just similar to the press conference Janet Yellen had endured only a week or so before, it was a close enough replica that [...]
The growing appeal toward unease about the terms of Greece’s ongoing strangulation is more than just a simple, fleeting sense of déjà vu. It is exactly the same process only pushed forward three years. At the height of the “last” challenge that began in earnest in 2010, and nearly re-ignited a global bank run (among only banks) for a second [...]
Even Harley Davidson is against the “strong dollar” at this point, which I think says a lot about how financialism has destroyed even this most basic sense of “money.” For the record, Harley’s profit was down “slightly” with the company of course blaming the “dollar.” The toothpaste business has also been seriously affected, afflicting Colgate where Latin America is a [...]
The alchemists of Dark Ages lore had nothing on Wall Street. Like everything else in financial evolution, it begins as a good idea and gets warped and bastardized into a means of scalping “free money” for banks. This is particularly true in the age of prop accounts and banks masquerading as prudent intermediaries but operating as the largest hedge funds [...]
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