BRICS countries to set up their own IMF … Very soon, the IMF will cease to be the world's only organization capable of rendering international financial assistance. The BRICS countries are setting up alternative institutions, including a currency reserve pool and a development bank … The BRICS countries (Brazil, Russia, India, China and South Africa) have made significant progress...Read More
The lost promise of progressive taxes … By midnight on April 15, roughly 140 million Americans will have filed their federal income tax returns and breathed a sigh of relief. Politicians from both parties, however, will spend most of the day criticizing our current tax system. – ReutersDominant Social Theme: Tax everyone according to his ability to pay.Free-Market Analysis: This Reuter...Read More
The Astounding Conspiracy Theories of Wall Street Genius Mark Gorton … Mark Gorton is a prominent financier and a respected entrepreneur. He founded the music sharing site Limewire, and he runs Tower Research, a famed high-frequency trading firm. Gorton also believes that the "ruthless" secret cabal that assassinated JFK and planned 9/11 could be coming to kill his family. Mark Gor...Read More
The lost promise of progressive taxes … By midnight on April 15, roughly 140 million Americans will have filed their federal income tax returns and breathed a sigh of relief. Politicians from both parties, however, will spend most of the day criticizing our current tax system. – ReutersDominant Social Theme: Tax everyone according to his ability to pay.Free-Market Analysis: This Reuter...Read More
The Astounding Conspiracy Theories of Wall Street Genius Mark Gorton … Mark Gorton is a prominent financier and a respected entrepreneur. He founded the music sharing site Limewire, and he runs Tower Research, a famed high-frequency trading firm. Gorton also believes that the "ruthless" secret cabal that assassinated JFK and planned 9/11 could be coming to kill his family. Mark Gor...Read More
Why Europe needs the City's financial weapons of mass destruction … There is very little chance of a market-led recovery taking hold in Europe without a revival in securitised lending to give it legs. America's sub-prime lending boom led to the banking crisis, yet securitisation is poised to make a comeback … They were the "financial weapons of mass destruction" which...Read More
"A nonviolent revolution is not a programme of 'seizure of power' but it is a programme of transformation of relationships, ending in a peaceful transfer of power." -Mahatma Gandhi … Those who do not remember the past are condemned to repeat it. As we organize to exercise our right to free expression we must dedicate ourselves to promoting democracy and human dignity alike....Read More
Why Europe needs the City's financial weapons of mass destruction … There is very little chance of a market-led recovery taking hold in Europe without a revival in securitised lending to give it legs. America's sub-prime lending boom led to the banking crisis, yet securitisation is poised to make a comeback … They were the "financial weapons of mass destruction" which...Read More
"A nonviolent revolution is not a programme of 'seizure of power' but it is a programme of transformation of relationships, ending in a peaceful transfer of power." -Mahatma Gandhi … Those who do not remember the past are condemned to repeat it. As we organize to exercise our right to free expression we must dedicate ourselves to promoting democracy and human dignity alike....Read More
Germany risks EU fines with record current account surplus … Wise Men say country's external surplus will keep rising to a modern-era high of 7.9pc of GDP this year, far above the 6pc limit set by Brussels. Germany first agreed to the new procedure thinking it would be used to punish deficit countries living beyond their means. Germany's current account surplus will smash all records...Read More
Nevada Rancher: 'The Citizens Of America' Got My Cattle Back … After a tense standoff with the Bureau of Land Management, the Nevada Rancher at the center of the disagreement proclaimed that "the citizens of America" got his cattle back. Rancher Cliven Bundy reached a deal with the BLM Saturday allowing the cattle that had been removed from the BLM land to be released back...Read More
Germany risks EU fines with record current account surplus … Wise Men say country's external surplus will keep rising to a modern-era high of 7.9pc of GDP this year, far above the 6pc limit set by Brussels. Germany first agreed to the new procedure thinking it would be used to punish deficit countries living beyond their means. Germany's current account surplus will smash all records...Read More
Nevada Rancher: 'The Citizens Of America' Got My Cattle Back … After a tense standoff with the Bureau of Land Management, the Nevada Rancher at the center of the disagreement proclaimed that "the citizens of America" got his cattle back. Rancher Cliven Bundy reached a deal with the BLM Saturday allowing the cattle that had been removed from the BLM land to be released back...Read More
It is now nearly seven years since the start of the financial crisis, yet despite growing evidence in America and Britain of a return to relative normality, something remains profoundly broken at the heart of the world economy. One manifestation of this – much discussed among the officials, finance ministers and central bankers gathered in Washington this week for the spring meeting of the I...Read More
Sen. Sessions: 'Deliberate Plan by President' to Collapse U.S. Law Enforcement System … Sen. Jeff Sessions (R-Ala.) said today that Americans need to stand up to "a deliberate plan by the president of the United States" to collapse the nation's law enforcement system regarding illegal immigration. – CNSDominant Social Theme: The US system is either perfect or perf...Read More
It is now nearly seven years since the start of the financial crisis, yet despite growing evidence in America and Britain of a return to relative normality, something remains profoundly broken at the heart of the world economy. One manifestation of this – much discussed among the officials, finance ministers and central bankers gathered in Washington this week for the spring meeting of the I...Read More
Sen. Sessions: 'Deliberate Plan by President' to Collapse U.S. Law Enforcement System … Sen. Jeff Sessions (R-Ala.) said today that Americans need to stand up to "a deliberate plan by the president of the United States" to collapse the nation's law enforcement system regarding illegal immigration. – CNSDominant Social Theme: The US system is either perfect or perf...Read More
This $99,516 portfolio for income shows how you can buy stocks and trusts to receive a regular paycheque. Seven stocks pay dividends at different times of the year. Cycle 1 companies pay dividends in January, April, July and October. Cycle 2 companies pay in February, May, August and November. Cycle 3 companies pay in the other four months of the year. The three income trusts pay cash monthly. The...Read More
When credit is too much of a good thing … What does credit do after it has finished the job it was designed for? The supply of credit ought to stop at funding productive activity. But the reality is different. Surplus credit fuels dangerous asset price inflation and funds profligate governments. – ReutersDominant Social Theme: A new kind of credit danger! And a new solution!Free-Market...Read More
Why Do Investors Make Bad Choices? … For many years, I have studied human behavior, including the mistakes occasionally made by fallible people, including investors. But a few years ago, I made a really dumb investment decision. In a single day, I hit the trifecta, committing at least three classic behavioral mistakes. – Bloomberg/Cass SunsteinDominant Social Theme: The stock market is...Read More