BEN BERNANKE While Ben Bernanke, the Chief of the Federal Reserve makes statements about the unemployment rate remaining high in the U.S. for the foreseeable future, GM announces the opening of new factories in Mexico. The Mexican workers will receive $26.00 a DAY – this is the HOURLY RATE in the U.S. Bloomberg — Mexico’s [...]
GREECE CAN STEAL AS MUCH AS IT CAN GET! by Sanford Pinna, M.D. Copyright 2012 The charade in Greece is becoming an incredibly funny farce. Across the world the unwitting public believes that if Greece does not repay its Sovereign Debt, that is, loans from the banks of other European countries, it will [...]
HUNGARY AND THE STOCK MARKETS When a patient gets sick, his whole body knows it. He may have a severe abscess only in his hand, but his body temperature will rise, his heart will beat fast, his breathing will be shallow and there will be sweat on his pale face. The world economy behaves in [...]
Until This is Fixed… There Will Be No Recovery By Graham Summers, from ZERO HEDGE A few weeks ago I penned a series of articles relating to the “cancerous” policies of the Federal Reserve and how said policies are killing the basic principles of Democratic Capitalism. Of those basic principles, one stands out as being [...]
NORWAY If you are a foreign currency trader, and I am, you must think of each foreign currency as if it was your daughter. Who are her friends? If she has “nice” friends who are well behaved and well educated and come from middle class or wealthy families everything will probably go along extremely well. [...]
HUNGARY HUNGARY: THE CANARY IN THE MINE IS SCREAMING! HUNGARY’S STATE AIRLINE COLLAPSES IS EUROPE FILLED WITH DEADLY GAS? Hungary’s Malev Folds as Euro Crisis Claims Second Carrier February 03, 2012 From Bloomberg See Dr. Pinna’s comments below… STATE AIRLINE FOUNDED IN 1946 FOLDS! Malev Zrt., the state-owned Hungarian airline founded in 1946, ceased flying [...]
Euro Falls After Moody’s Says Summit Offered Few New Measures From Bloomberg The dollar and yen strengthened against most of their major counterparts as investors sought safer assets on concern crisis- fighting efforts are failing to stop European borrowing costs from rising. Sweden’s krona weakened as stock declines reduced demand for higher-yielding investments. China’s yuan [...]
The Euro is a currency that represents seventeen independent countries. Unlike the USA which is a federation of 50 states, where the Federal law is the same for everyone, the European Union is a group of independent countries, and laws differ in each country. This primary difference makes the common currency weak. Since many of [...]
