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A ‪joke‬ from Mario Draghi, the President of the European Central Bank ;-)

A man needs a heart transplant. Says the doctor: “I can give you the heart of a five-year old boy.” 
“Too young.”
“How about that of a forty-year old investment banker?” 24 more words


REPOST: Shocking Facts About The Deindustrialization Of America That Everyone Should Know

Once again many many thanks to our friends at: http://theeconomiccollapseblog.com/ for producing and making this article available.

Major economic problems take decades to build up – the proof is there for all to see. 1,199 more words


FOMC Fights Hawkish Fires

Today’s FOMC minutes provided clarity on the March 19th Fed meeting that left markets with a hawkish impression on monetary policy. The original statement and forecasts of the fed funds rate initially sent the US dollar and short term interest rates higher. 391 more words

Central Banks

People's Capitalism

Finally. The WSJ finds somebody who thinks outside the box of economic obsolescence. The constraints on capitalism have been evident for almost 200 years, but the socialists just get it completely backwards: we don’t need state capitalism, we need democratic capitalism. 1,276 more words

News Article

Market “Rigging” Accelerates “The Great Withdrawal”

Where Can Investors Turn If U.S. Stocks and Banks are Rigged?

4.7.14 – TWO shocking financial news stories hit the wires last week; First, evidence indicates the U.S. 962 more words

Draghi Talks QE

The ECB’s Governing Council remained on hold today, initiating no new easing policy in April.  As discussed in yesterday’s post, the focus was going to be on Draghi’s rhetoric during the statement and Q&A. 554 more words

Central Banks