People Demand ‘Banks for the Common Good’ to Overthrow Multinational Behemoths A Common Dreams report: A coalition of social justice groups in Scotland looks at the economic and ecological dangers of corporate mega banks and mounts an argument for democratic reform In a new report (pdf) focused on Scotland but with global implications, a coalition of social justice groups in the U.K.
Having discussed the market's disturbing reaction to Mario Draghi's desperate "all in" monetary gamble - one which saw an early bout of euphoria followed by one of the most aggressive Euro spikes in history, second only to the "December debacle" and the Fed's March 2009 announcement of QE1, we were waiting for the just as important reaction by the ECB's nemesis: the one country that not only has seen hyperinflation first hand (and appears to recall it vividly), but is just as aware where the ECB's monetary lunacy ends: the Germans.
"You get nothing..."
Britain could lose out on European scientific talent and progress in future if it chooses Brexit and leaves the European Union, according to Professor Stephen Hawking and 150 other distinguished scientists. Tech Week reports: The UK should stay within the European Union as an exit would be a “disaster” for British science. This was the stark warning from 150 scientists of the Royal Society, including renowned physicist Stephen Hawking, who signed a letter to the Times newspaper.
Submitted by David Stockman via Contra Corner blog,
The desperate suzerains of the Red Ponzi are incorrigible. There appears to be no insult to economic rationality that they will not attempt in order to perpetuate their power, privileges and rule.
So now comes the most preposterous gambit yet. Namely, a veritable tsunami of state handouts to foster, yes, capitalist entrepreneurs!