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The “War on Cash” Migrates to Switzerland

April 25, 2015

The “War on Cash” Migrates to Switzerland Banks Increasingly Refuse Cash Withdrawals – Switzerland Joins the Fun The war on cash is proliferating globally. It appears that the private members of the world’s banking cartels are increasingly joining the fun, even if it means trampling on the rights of their customers. Yesterday we came across […]

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The Committee To Destroy The World

April 2, 2015

The Committee To Destroy The World Last month, the world mourned the death of beloved actor Leonard Nimoy. Mr. Nimoy, of course, was renowned for his portrayal of the iconic character Mr. Spock on the 1960s television series Star Trek. One of the most memorable Star Trek inventions was the transporter that allowed human beings […]

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Sweden Central Joins The NIRP Club: Lowers Interest Rate To -0.1%, Launches QE

February 12, 2015

Sweden Central Joins The NIRP Club: Lowers Interest Rate To -0.1%, Launches QE It’s a NIRP world and you are either in it, or are determined to lose the currency wars. And hours ago, the world’s oldest central bank, that of Sweden, announced that it too would join its NIRP peers in an attempt to […]

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Bank of Canada’s Wilkins: Economy still below potential

February 11, 2015

Bank of Canada’s Wilkins: Economy still below potential OTTAWA (Reuters) – The Canadian economy is still operating below its potential, a senior Bank of Canada official said on Tuesday, pointing to slack in the labor market and calling the recent sharp drop in oil prices a “setback.” In some of the first remarks by a Bank […]

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Moneyness: Sign Wars

November 15, 2014

Moneyness: Sign Wars. Does a lowering of a central bank’s interest rates create inflation or deflation? Dubbed the ‘Sign Wars‘ by Nick Rowe, this has been a recurring debate in the economics blogosphere since at least as far back as 2010. The conventional view of interest rate policy is that if a central bank keeps […]

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