The fact that global debt is growing throughout the world is widely acknowledged and well documented. However, when faced with the numbers, the magnitude of the problem is still quite shocking to read. An article last week in Washington’s blog gives us a stark and timely reminder of those facts. The volatile geo-political environment we are entering into, coupled with this growth-stifling debt, makes for a dangerous economic combination. Read more ›
Here is a short clip featuring Donald Sutherland, who acted in The Hunger Games movie series, to learn in some detail what he thinks about them. He says flatly, it is an allegory pertaining to the United States, which is just what I wrote about a year ago. Read more ›
Many among the masses don’t realize the intense and coordinated efforts currently being waged by central planners to trap and devalue our savings through financial repression. They’re being fleeced without being aware of it — working harder and harder for less and less.
There’s much about money that we misunderstand. But as we arm ourselves with better knowledge, we gain greater control over our destinies.
We discuss the balance of payments crisis on the horizon as share buybacks trump capital expenditure and the income stream from privatized industries heads overseas. In the second half, Max interviews chartered accountant, tax justice campaigner, professor and definitely not Jeremy Corbyn’s paid adviser, Richard Murphy, about a town in Wales going ‘offshore’ as part of a tax campaign to force the government to make multinationals pay their share of taxes.
In the November 2015 Taxcast: Why is the City of London losing so much business to New York, Hong Kong and Singapore? (Our conclusions are quite different from those of a British Bankers Association report on the subject.) Plus: the crazy UK-China nuclear power station deal: a sweetener for closer ties between the two nation’s financial sectors? One year after #LuxLeaks exposed some of the secret tax deals being done between government tax authorities and multinational corporations we ask how many more ‘illegal state aid’ deals might have been made? Plus we have a special focus on the results of the latest Financial Secrecy Index 2015 released this month: we look at the top ten worst offenders and ask what can be done about them. @TheTaxcast is produced and presented by @Naomi_Fowler for the Tax Justice Network@TaxJusticeNet
‘If the EU doesn’t want the US to become the mega tax haven of the 21st century it should start taking serious action to bring the US back to the negotiating table’
I have long maintained that the structural imbalances of debt and risk that triggered the Global Financial Meltdown of 2008-2009 have effectively been transferred to the foreign exchange (FX) markets.
This creates a problem for the central banks that have orchestrated the “recovery” by goosing asset bubbles in stocks, real estate and bonds: unlike these markets, the currency-FX market is too big for even the Federal Reserve to manipulate for long.
In uncertain times, “cash is king,” but central bankers are systematically moving to eliminate that option. Is it really about stimulating the economy? Or is there some deeper, darker threat afoot?
Remember those old ads showing a senior couple lounging on a warm beach, captioned “Let your money work for you”? Or the scene in Mary Poppins where young Michael is being advised to put his tuppence in the bank, so that it can compound into “all manner of private enterprise,” including “bonds, chattels, dividends, shares, shipyards, amalgamations . . . .”?
That may still work if you’re a Wall Street banker, but if you’re an ordinary saver with your money in the bank, you may soon be paying the bank to hold your funds rather than the reverse. Read more ›
Politicians and intelligence agencies throughout the Western world are currently engaged in an all out, shameless propaganda campaign to exploit the recent terror attacks in Paris to convince the citizenry that it should relinquish privacy for absolutely no reason.
The primary targets of the post-attack push have been encryption generally, and Bitcoin specifically. Of course, you don’t need me to tell you that these are two sides of the same coin. Both strong encryption for communication, and Bitcoin for transferring value, provide a level of freedom and dynamism outside of the oligarch-controlled, centrally planned, feudal global economic system. As such, these two tools must be demonized and eradicated to the extent possible.
Thomson Reuters has released their interim Silver Market Review including provisional supply and demand forecasts for 2015.
Highlights from that report include:
– Total silver supply is forecast to fall to 1,014.4 Moz* in 2015, down 3%
– Silver bullion coin sales at record high, up 95% year-on-year
– Coin demand should account for 12% of physical demand this year
– Silver market is expected to be in an annual physical deficit of 42.7 Moz* in 2015
– Silver prices this year are 18.3% lower than in the same period in 2014
*Millions of Oz