While Forex banks, traders, and other institutions are being blamed for market rigging, the Swiss National Bank can publish reports about its own market rigging, but instead of being a scandal, it’s economic data. That’s because the vast majority don’t understand how the Forex markets work. It’s not insulting – it’s a fact. Currently there are hundreds of pending litigation cases against a plethora of Forex banks, traders, and other institutions – but none against a central bank....
Read More »USA: The New Switzerland?
Hold your real assets outside of the banking system in a private international facility --> http://www.321gold.com/info/053015_sprott.html USA: The New Switzerland? Written by Jeff Thomas (CLICK FOR ORIGINAL) At one time, tax havens took great pride in calling themselves just that, since low-tax jurisdictions provide people with freedom from oppressive taxation. But, in recent decades, the...
Read More »The End of European Austerity?
Since 2009, Europe’s peripheral economies – Greece, Ireland, Italy, Portugal, and Spain – have tried to dig their way out of a debt crisis by cutting public spending and raising taxes. This year, however, will be different. Fiscal policy in the euro zone is expected to ease for the first time since 2010. The European economists in Credit Suisse’s Global Markets division say it’s high time fiscal policy loosened in the Eurozone. Had it done so earlier, the region might now be...
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