The following graphic was put together by the folks at Promontory Financial and is extremely telling. It looks at three ways in which a U.S. citizen might choose to go about sending a $1,000 downpayment to Europe for the purpose of renting a vacation
If one looks at the current paper money system and its negative social and social-political effects, the question must arise: where are the protests by the supporters and protectors of social justice? Why don’t we hear calls to protest from politicia
Having replaced savings with debt on both the national and individual levels, I think it’s well past time for Westerners to take a few lessons from our creditors in the East.
n spite of enormous pressure by the I.M.F. [International Monetary Fund] and the U.S. to privatize them along with other public assets. The Costa Ricans have resisted that pressure—because the value of a public banking option has become abundantly cl
A major conference on the future of banking yesterday heard contributions on a European banking union which is being negotiated by Eurozone finance ministers.
A mere two months after the last widespread blackout to hit Venezuela, major parts of the nation are once again dark tonight as a power outage hit during President Maduro's evening address laying out his new economic philosophy (the inverse of Bernan
Brazil's central bank has raised its benchmark interest rate to 10% from 9.5%, the sixth time in a row that it has put up borrowing costs.
Who wouldn't want Tina Turner to be a citizen of their country?
"Iceland’s government has announced that it will be writing off up to 24,000 euros ($32,600) of every household’s mortgage, fulfilling its election promise, despite overwhelming criticism from international financial institutions.
Greece and rescue lenders remain at odds over austerity measures needed to cover a 2014 budget gap, and the course of various long-term reforms including mass public sector job cuts. The government is also resisting troika pressure to lift blanket
When it comes to reckless money creation, it turns out that China is the king.
A week after spiking above $900, before dropping 50% in the following 48 hours amid last week's Senate hearings, Bitcoin has recovered the losses (i.e. doubled) and is now trading at record high levels against the USD - $930 on Mt.Gox.
The Irish have a long history of being tyrannized, exploited, and oppressed—from the forced conversion to Christianity in the Dark Ages, to slave trading of the natives in the 15th and 16th centuries, to the mid-nineteenth century “potato famine” tha
The most recent decade of 2000 to 2010 has seen the fastest rate of change in the global economic balance in history.
Looking ahead at the week ahead, data watchers will be kept fairly occupied before Thanksgiving.
The Rothschild family and the banking empire they control allows them to hoard incredible amounts of wealth and power.
This isn't going to end well...
With gold once again getting the slamdown treatment this morning (even as stocks shrug off any taper tantrum fears) the following article from Venezuelan newspaper El Nacional seems quite prescient.
China just dropped an absolute bombshell, but it was almost entirely ignored by the mainstream media in the United States. The central bank of China has decided that it is “no longer in China’s favor to accumulate foreign-exchange reserves”. During
The data he stole gave details of as many as 2,500 clients with combined assets up to 2 billion Swiss francs. He sold it to a middleman, who then sold it to German tax inspectors that led to police raids on Credit Suisse's main offices in Germany.
Slavery was almost entirely about surplus. (Surrounded by creative justifications, of course.) It was a type of enforced thrift.
The Daily Bell is pleased to present this exclusive interview with Jim Rogers.
On 15 November 1923 decisive steps were taken to end the nightmare of hyperinflation in the Weimar Republic:
The developed world holds up the ideals of capitalism, democracy and political rights for all. Those in emerging markets often don't have that luxury. In this powerful talk, economist Dambisa Moyo makes the case that the west can't afford to rest on
Today's release of the 2013 edition of the Global Shadow Banking Monitoring Report by the Financial Stability Board doesn't contain anything that frequent readers of this site don't know already on a topic we have covered since 2009.
Once again, the flood of momentum-chasing hot-money provided by the world's central banks' printfest is leading investors to push up European equities markets to the highest level since 2011 .....
Gold is moving out of western markets and into eastern markets, a new report from the World Gold Council highlights.
Former Goldman Sachs economist Jim O'Neill is the one who popularized the term "BRICs" in reference to the group of emerging-market economies made up of Brazil, Russia, India, and China.