by Tyler Durden ZeroHedge.com 03/31/2013 This system distorts the market and turns appropriate risk-taking into recklessness. The result is a more concentrated and powerful financial sector — and a more fragile economy. The way to return the financial services industry to the free market is by separating trading from commercial banks and by reforming... »
Archive for March 31st, 2013
Tom Hoenig: “This System Distorts The Market And Turns Appropriate Risk-Taking Into Recklessness”
GUN CONTROL, SUPPORTED BY CRIMINALS AND DICTATORS WORLDWIDE
by Steven Neill March 31, 2013 NewsWithViews.com “Can we all get along?” The recent Sandy Hook and Jovan Belcher/Kasandra Perkins tragedies have created a rallying point for those bent on limiting the U.S. citizen’s right to possess certain types of firearms. This is nothing new as each time a calamity like this happens, the... »
Thanks, World Reserve Currency, But No Thanks: Australia And China To Enable Direct Currency Convertibility…( Bye Bye Dollar!!)
by Tyler Durden ZeroHedge.com 03/31/2013 A month ago we pointed out that as a result of Australia’s unprecedented reliance on China as a target export market, accounting for nearly 30% of all Australian exports (with the flipside being just as true, as Australia now is the fifth-biggest source of Chinese imports), the two countries... »
Sen. Grassley and Republicans Plan to Work With Democrats On Legislation Attacking 2nd Amendment
Kurt Nimmo Prison Planet.com March 31, 2013 Despite a plan by Republican senators Rand Paul, Ted Cruz and Mike Lee to derail and defeat S. 649, the Safe Communities, Safe Schools Act of 2013, Iowa Republican Senator Chuck Grassley is preparing work with Democrats in their war on the Second Amendment next month. According... »
‘It’s robbery!’ New Cyprus bombshell as Britons are told they may lose EVERYTHING over £85k…(Next Up, AmeriKa!!)
Bank of Cyprus will see 37.5% of deposits over £85k converted into shares Laiki Bank customers are also reported to be facing the loss of 80% Experts say there is a good chance that shares will be worthless By DAN ATKINSON AND IAN GALLAGHER DailyMail.uk 31 March 2013 British expats in Cyprus face a... »
David Stockman Writes Huge Unhinged Screed About How America Is Doomed And How You Should Get Out Of The Market NOW
Joe Weisenthal BusinessInsider.com Mar. 31, 2013 Former Reagan budget director David Stockman has a new book coming out on Tuesday, and he’s warming up the public with a massive piece in today’s New York Times titled Sundown in America, which basically says the future of America bleak because of massive government debts, crony capitalism,... »
Interest Rates Will Rise, And Bubbles Will Burst…’Official policy will lead to individual losses.’
Martin Feldstein BusinessInsider.com Mar. 31, 2013 Long-term interest rates are now unsustainably low, implying bubbles in the prices of bonds and other securities. When interest rates rise, as they surely will, the bubbles will burst, the prices of those securities will fall, and anyone holding them will be hurt. To the extent that banks... »
Cyprus Parliament President Says “No Future” Under Troika, Calls For “Iceland” Solution…(Go Cyprus!!)
by Tyler Durden ZeroHedge.com 03/31/2013 Just last week Yiannakis Omirou, Cypriot House of Representatives President, was calling for the nation to accept it is “time for responsibility” as they progressed towards a final solution; and yet today, as Cyprus’ Famagusta reports, he believes the ‘Troika-imposed’ responsibility will, “turn Cyprus into a colony of the... »
Depositor Haircuts Spreading
Stephen Lendman Activist Post.com Sunday, March 31, 2013 A previous article called them the new normal. Bad ideas spread fast. Canada endorses Cypriot harshness. Its “Jobs Growth and Long-Term Prosperity: Economic Action Plan 2013” says so. On March 21, it was submitted. It endorsed depositor haircuts. It did so before Cypriot trouble erupted. Its... »
Cyprus decides to steal everything it can from depositors, is this like 1931 and the Credit Anstaldt bankruptcy?
By: Peter Cooper GoldSeek.com Sunday, 31 March 2013 Depositors in the beleaguered Bank of Cyprus are now facing losses of 60 per cent on deposits over 100,000 euros as the Cyprus Government seems to have woken up to the fact that this is its last chance to steal money off these mainly foreign depositors.... »