Category Archives: Economy

Economy

Still banking on the banks?

European banks are technically bankrupt Youtube.com – Max Keiser – Jul 13, 2012 Most people assume that a bank takes in a deposit, and then they loan that deposit out, and this creates liquidity in the system. That’s false. In … more

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Are you satisfied being cheated?

The price of gold has been manipulated. This is more scandalous than Libor The Telegraph – THOMAS PASCOE – Fri, Jul 13, 2012 If gold has been manipulated downwards and if that process continues, then all recourse to a store … more

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Demons dressed as bankers

It’s Not Libor Stupid, Central Banks Are The Problem Forbes – SHAH GILANI – Jul 6, 2012 Not only are at least twenty more big banks under investigation as part of a massive fraud to manipulate interbank lending rates that … more

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Milk — We need it more than ever

Got Milk? You Don’t Need It Opinionator, The New York Times – MARK BITTMAN – Jul 7, 2012 Today the Department of Agriculture’s recommendation for dairy is a mere three cups daily — still 1½ pounds by weight — for … more

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Gold for oil

The Best Reason in the World to Buy Gold Forbes – GORDON G. CHANG – Apr 22, 2012 Beijing is planning to avoid U.S. financial sanctions on Iran by paying for oil with gold. China’s imports of the metal are … more

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“In God We Trust” and bad faith

In Nothing We Trust National Journal – RON FOURNIER – Apr 21, 2012 Muncie is a microcosm of a nation whose motto could be, “In Nothing We Trust.” Seven in 10 Americans believe that the country is on the wrong … more

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Why we are not shocked at the latest Goldman Sachs scandal

Financiers and Sex Trafficking New York Times – NICHOLAS D. KRISTOF – Mar 31, 2012 THE biggest forum for sex trafficking of under-age girls in the United States appears to be a Web site called Backpage.com.

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Gambling away this human life

Where does Mega Millions money go after the jackpot? CBS News – ARMEN KETEYLAN – Mar 30, 2012 In 2011, more Americans played the lottery than regularly attended church, bringing in $56 billion last year alone.

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Democracy: in business of plundering

Jewellers say non-branded gold to cost more Zee News – Mar 19, 2012 In the 2012-13 Budget, the government proposed to levy 1 percent excise duty on non-branded gold jewellery too besides doubling import duty on gold to 4 percent.

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Responsible Parenting

China to soften its one-child policy slogans, but not the law itself Yahoo! News – ERIC PFEIFFER, The Sideshow – Mar 1, 2012 The Chinese government isn’t getting rid of its one-child policy currently in place. It’s just making it … more

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