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July 25, 2012 London, England For the last two weeks here in the UK, TV stations have been running a documentary series called “Bank of Dave“, in which down-to-earth businessman Dave Fishwick attempts to establish his own bank. The premise sounds plausible: offer depositors 5% interest (as opposed to zero), and lend to
Anyone who’s turned on the news in 2012 is pretty well aware that there is a severe sovereign debt crisis occurring in Europe on an unprecedented level. Greece barely avoided a complete catastrophe but more nations in the Eurozone periphery continue to be unable to maintain a balanced budget. Business Insider reports on Spain’s
Nobel Prize winning economists like Paul Krugman and fellow Keynesian devotees like Ben Bernanke profess that the only way out this current financial crisis is to SPEND MORE. However, looking at the massive increases in government spending since the 2007 collapse shows these economic initiatives are woefully ineffective. CNS News reports how over the past 5 years,
When governments spend more money than they can afford and plan a budget based on unsustainable growth, collapse is inevitable. This is what we are currently witnessing in Argentina where officials can no longer pay all of the government employees’ salaries. Yahoo! News reports on the current debacle in a small Argentinian town where only the lucky will
Many politicians and citizens alike believe that massive social welfare programs combined with vast government subsidies provide a catalyst for both growth and upward social mobility. Unfortunately these policies actually have the exact opposite affect that their proponents advertise. Surprisingly, even people in the Tax Policy Center are fully aware of this yet
Two of the most important amendments of the constitution are the freedom of speech and the freedom of the press. However, as the US government becomes ever more tyrannical, the constitution can do little to protect these long standing rights. In the same vein that Congress is currently seeking the imprisonment of Julian
July 24, 2012 Vilnius, Lithuania Paul Krugman, one of America’s most decorated faux-scientists, recently told an audience that what’s happening in the world right now is “dramatically, painfully a confirmation that a broadly demand-side Keynesian view of the world is appropriate…” The intellectual dishonesty which oozes from this statement is astounding. Apparently on
One of the most difficult tasks as an investor can be to buy and hold stocks for the long-term in spite of short-term losses. However, this tendency could possibly be the result of neurology and the brain’s complex decision making process. The Wall Street Journal reports on a recent study that shows how a healthy
Many Americans forget the lengths to which their forefathers revolted against oppression. When you actually compare the founders complaints against King George and the current laws citizens are forced to live under, they would be astonished that over almost 250 years, Americans have become so content watching big government revoke their rights. CBS News
Anyone following current events are well aware of the ongoing European financial crisis and the gross insolvency of many European nations. In response to the crisis, Eurozone banks have been reducing their exposure to European investments as well as US ones. CNN reports on Eurozone banks’ change in investment strategy since the collapse in 2007
Due to the grave financial uncertainty, wealth has quickly evaporated out of the insolvent US and European economies in search of more fertile markets. Some of the most promising opportunities lie in Mongolia because of their massive caches of natural resources, however, many Mongolian nationalists are fearful of losing their sovereignty to these foreign investors. Reuters reports
July 23, 2012 Kiev, Ukraine No doubt, Eastern Europe is a part of the world where people are accustomed to being abused by politicians. After decades of Soviet Rule, the cultures in places like Ukraine, Moldova, Azerbaijan, Belarus, etc. have been inculcated with a strong mistrust of government. All government. One obvious sign
North Korea has a long standing history of severe isolationism and militarism. After the death of long time leader Kim Jong-il however, opportunities for western influence are greater than ever now that young leader Kim Jong-un is in power. Rueters reports on the upcoming economic reforms that North Korea’s new leader and his powerful uncle
The Obama presidency has been know for their extensive use of drones in their assassinations of terrorist suspects but more attention needs to be placed on their use domestically. With the FAA recently approving drone applications for 106 government entities, there has been growing concern about people’s constitutional right to privacy. CBS News reports on new
Ben Franklin was once famously quoted saying, “in this world nothing can be said to be certain, except death and taxes.” However in today’s world of budget deficits and insurmountable debt, governments want to levy heavier taxes their constituents, even after death. Americans for Tax Reform reports on the upcoming change in the
