Monthly Archives: March 2013

THE EURO GOES FROM STRENGTH TO STRENGTH


Over at the Daily Telegraph, Jeremy Warner has been making observations about certain countries’ appetite to join that success-story-of-all-success-stories, the euro currency (link below).  Apparently, Poland’s Prime Minister is now itching to sign up his own star-struck citizens. How is it that the euro currency can be so popular, so desirable?  Well, it’s important to […]

LIFE UNDER RULE OF THE TROIKA


This is how it is when you wake up one day to find that your country is being ruled by some mob operating from a foreign land where, in this case, the mob is a cohort of bureaucrats and bankers, being the European Commission, the European Central Bank and the International Monetary Fund, aka ‘The […]

UNQUANTIFIABLE PREMIUM ON CASH


Been on the road all day today, just back to the peace of the Moray Firth.  Checking the wires, so to speak, and according to Tyler Durden over at Zero Hedge, if you’re a Cypriot citizen, as of tomorrow, there is “an unquantifiable premium for having physical cash over electronic.  Learn from it.”  As ever, […]

NIGEL FARAGE: PLEASE SLIP YOUR UNDERPANTS OVER YOUR TROUSERS, FAST


On the matter of capital controls in Cyprus, this morning I was drawn (as usual) to Tyler Durden over at ‘Zero Hedge’ (link below). Tyler referred us to the Nobel Prize winning economist Friedrich Hayek’s 1944 classic ‘The Road to Serfdom’ in which, on the subject of capital controls, Hayek had this to say: “The extent […]

THE EURO ELITES ARE THICK


On one of the Daily Telegraph website articles today (link below), one of the commenters said of the European Union political elites “they are all thick, throwing good money after bad and not knowing when to give in”.  I would disagree. “They” are not thick; “they” are extremely clever and “they” know exactly what they’re doing. The European Union […]

CYPRUS – SOMETHING FOR THE WEEKEND, SIR?


Here’s a scenario. The ‘soft dictatorship’ that is the European Union (which is really only a circle of political elites holding hands around a tyrant’s charter, the Lisbon Treaty) will move on Cyprus through the auspices of the European Central Bank (ECB).  At the allotted moment (imminent), the ECB will move to enforce capital controls […]

CYPRUS – PLACE YOUR BETS


Just noted Bruno Waterfield’s comments over at the Daily Telegraph’s ‘Cyprus Bail-Out Live’ blog where Mr Waterfield says there is now ” … ‘open talk’ of Cyprus leaving the euro and the imposition of capital controls to prevent runs on banks, presumably intended across southern Europe. Here lies a risk: bank failure in Cyprus (and the clearly […]

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