Economy

Gold and silver are still in the correction phase. Switzerland is going to introduce a gold coin as official currency. Swiss army is prepared. Mario Draghi will kiss with everybody. Gold and silver were traded around $1737 and $32.7 per ounce at the beginning of the week. The story for this week is very similar […]

Finally we are sending ESM our money. Spain is waiting for a miracle. Greeks saved money for karts. Iranians made a bomb – inflationary bomb! Similar bomb is predicted by FED’s models. So we finally have it. After months of negotiations, voting and ruling ESM – the permanent bailout mechanism – is finally here. It is the […]

Spanish economy is now producing nothing else but promises. Why to lock trash bins and how many policemen are needed against one disabled person? IMF against the EU

Are you catching up all the tools, actions and countermeasures designed to save the eurozone from a break-up? Let’s count them together. Bilateral loans to Greece, IMF loans, SMP, EFSM, EFSF, LTRO, Sixpack, Fiscal Pact, ESM, OMT… It’s difficult to find a politician, not to say an ordinary citizen, who understands all these abbreviations. And […]

The Southerners don’t want any help, but they keep sinking deeper and deeper. Will the Neo-Nazis lead Europe? Japanese QE worked for 9 hours. It seems that ECB can complete construction of its new residence before the Eurozone falls apart. If only there wasn’t this inflation… Eleven Ministers of Foreign Affairs agreed on what is supposed […]

Unexpected news came from Scandinavia last week. Sweden will have lower corporate tax rate than Slovakia! Last Thursday Swedish government announced its intention to lower tax rate from 26,3% to 22% in order to „strengthen climate for investments and growth“ in the country. Well,  even Scandinavian socialism is not what it used to be. Truly […]

The Hot Wednesday wasn’t that hot after all. Greece denies need for the third bailout package. Spaniards don’t want any bailouts either. Rompuy has a plan. Americans don’t want to be left behind. The Judgment Day came, but it didn’t bring any shocking surprises. Bailout mechanism is not against the Constitution in Germany and the parliament […]

Is the last fortification falling down? Spain used backup. American debt can ask for a driving license. And Bulgarians are ungrateful. Silly season ended in a big style. ECB decided on its meeting last week to resurrect the program of purchasing bonds of the problematic states under a new label. Forget SMP, here comes new and better […]

In Spain it will be hot after the summer. Judgment day will be on September 12. Did you sell grandfather’s gold teeth in Italy? We are treating depression by delivering news about bad situation our neighbours are in. The heat is slowing down the pace of society, but if you think it will slow down […]

While the “green” countries like Austria or Switzerland are slowly surrendering the dream to reach the carbon dioxide limits set by the Kyoto Protocol, one of the few countries, which will probably reach them, is USA. Those United States, which refused to ratify Kyoto and were strongly criticized by the western world community for this […]