The war on cash continues. This time, the European Central Bank (ECB) president Mario Draghi said in a statement that he is considering phasing out the 500 euro bill because it’s widely used in criminal activities. On Monday, Draghi stated at a news conference that the 500 euro banknote as well as high denomination banknotes […]
Archives for February 2016
Jim Rogers: We’re going to pay a horrible price for ‘incompetence of central bankers’
The global economy is weakening and central banks all over the world have tried to heat things up with quantitative easing, stimulus and even subzero interest rates. Despite the number of attempts to intervene into the economy, an economic collapse is approaching, and the central banks are to blame. These are the words of Jim […]
AP report lists five danger signs of pending financial doom
The Associated Press is out with a new report that lists the five danger signs flashing in front of our eyes of a pending financial disaster. The newswire agency takes a look at some of the reasons why the global stock market is crashing, the global economy isn’t getting better and the central bank can’t […]
A Logical Statistic: Lesbians earn more than heterosexual women
Straight, liberal women unite! There is a new enemy at the workforce, and this group is earning more money than heterosexual women. The wage gap is growing – and perhaps even bouts of discrimination is happening – between these people and straight women. It’s time to protest. Just who exactly is this group? Lesbians. That’s […]
European Central Bank Gets Ready for More Easy Money
By: Frank Shostak On January 21, 2016 European Central Bank (ECB) President Mario Draghi signaled that the governing council may provide more stimulus at its next meeting in March. “There are no limits to how far we’re willing to deploy our instruments,” Draghi predicted. The ECB president is of the view that the monetary stimulus […]