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Gas prices ‘way beyond’ where oil rebound should have them: BMO
Gas prices ‘way beyond’ where oil rebound should have them: BMO It’s not just you: Gas prices are much higher than they should be, energy experts say Gas prices are up by more than a third since the start of the year, a figure much higher than one would expect based on the slight rebound in […]
The Government and the Currency
The Government and the Currency [Human Action (1949)] Reprinted from Mises.org Media of exchange and money are market phenomena. What makes a thing a medium of exchange or money is the conduct of parties to market transactions. An occasion for dealing with monetary problems appears to the authorities in the same way in which they concern themselves with […]
Why the Bank of Japan Can’t Stop a Sudden Collapse of the Yen
Why the Bank of Japan Can’t Stop a Sudden Collapse of the Yen On Friday morning in Tokyo, the Nikkei stock index was up again, at 20,600, highest in 15 years. Since “Abenomics” has become a common word in December 2012, the Nikkei has soared 128% on a crummy economy, terrible government deficits, and an insurmountable […]
RFID-Chipped Banknotes Fit For “Remote Cancellation”
RFID-Chipped Banknotes Fit For “Remote Cancellation” RFID Technology fur Use in Currency Becomes More Sophisticated The 500 euro banknote barely circulates in Europe – this is to say, it is rarely seen in everyday commerce. However, it does exist, and makes the handling of large amounts of cash easier. Not surprisingly, it is said to […]
George Soros Warns “No Exaggeration” That China-US On “Threshold Of World War 3”
George Soros Warns “No Exaggeration” That China-US On “Threshold Of World War 3” While admitting that reaching agreement between the two countries will be difficult to achieve, George Soros –speaking at The World Bank’s Bretton Woods conference this week – warned that unless the U.S. makes ‘major concessions’ and allows China’s currency to join the IMF’s basket […]
“Cash Is Coined Freedom”: War on Cash Becomes Official in Germany, Reaches G-7, Draws Withering Fire
“Cash Is Coined Freedom”: War on Cash Becomes Official in Germany, Reaches G-7, Draws Withering Fire It came from a voice that has, by law, the ear of the German government. Peter Bofinger is a member of the German Council of Economic Experts – the “Five Sages on the Economy” – which in its official […]
Money is Coined Liberty – The Latest Salvos in the War on Cash
Money is Coined Liberty – The Latest Salvos in the War on Cash Another Keynesian Voodoo Economist Wants to See Cash Abolished We have a few more bad news and for a change also some good news with respect to the ongoing attempt to prepare the ground for a ban of cash currency. By now […]
Abolishing Cash – New Age of Economic Totalitarianism
Abolishing Cash – New Age of Economic Totalitarianism Europe is moving full speed ahead to eliminate all cash. Instead of reforming and tackling the economic problems, government always seeks to maintain the same course of thinking that now leads us to the totalitarian approach coming from Brussels. To maintain the euro, they must maintain the […]
Leading German Keynesian Economist Calls For Cash Ban
Leading German Keynesian Economist Calls For Cash Ban It’s official: the world has gone central-planner crazy. Monetary policy, whether in the form of “conventional” methods such as the micromanagement of policy rates or so-called “unconventional” measures such as QE, has proven utterly ineffective when it comes to both “smoothing out” the business cycle and reigniting […]
The trouble with cash
The trouble with cash When interest rates are zero and it costs a bank to look after your money it becomes an unattractive asset. Banks in some jurisdictions (such as Switzerland, Denmark and Sweden) are even charging customers interest on cash and deposits. And if you go to your bank and withdraw large amounts in […]
The 8 Paradigm Shifts at the Heart of REconomy
The 8 Paradigm Shifts at the Heart of REconomy For the next two months here we will be talkingREconomy, looking in depth at this aspect of Transition which is about creating new enterprises, new economies, new livelihoods. We’ll talk to entrepreneurs, to people in local authorities embracing this approach, to people about to launch local […]
Oil rally makes loonie world’s strongest currency this quarter, BMO says
Oil rally makes loonie world’s strongest currency this quarter, BMO says Canadian dollar over 83 cents US Tuesday, up from 78 cents 6 weeks ago After cratering along with the price of oil in January, the Canadian dollar has quietly been mounting a rally and is now the world’s best-performing major currency in the past […]
The War on Cash: Transparently Totalitarian
The War on Cash: Transparently Totalitarian George Orwell once wrote “If you want a picture of the future, imagine a boot stamping on a human face—forever.” Not exactly a cheery thought, and one I don’t agree with. While the forces pushing for centralization of power have been prevailing for decades, they haven’t won a total victory […]
Prove You’re Not a Terrorist
Prove You’re Not a Terrorist Recently, France decided to crack down on those people who make cash payments and withdrawals and who hold small bank accounts. The reason given was, not surprisingly, to “fight terrorism,” the handy catchall justification for any new restriction governments wish to impose on their citizens. French Finance Minister Michel Sapin stated at the time, […]
