Europe

How much louder can the “ban cash” calls get?

Recall it was just last year when we catalogued the growing cacophony of crazies for whom banning physcial currency is the only way to ensure that depositors can’t simply reassert their economic autonomy under a low or zero rate regime..

Put simply, if interest rates get too low, depositors will simply take their money out the bank and put it in the mattress or the safe where, to quote WSJ from last week, “interest rates are always low no matter what central bankers do.

Overnight both freedom of press and democracy officially died in Turkey, with time of death just before midnight, when Turkish authorities stormed the Zaman daily, a newspaper staunchly opposed to president Recep Tayyip Erdogan, and after using tear gas and water cannon they seized its headquarters in a dramatic raid that raised fresh alarm over declining media freedoms.

The police used water cannon late on Friday at a hundreds-strong crowd that had formed outside the headquarters of the Zaman daily in Istanbul following a court order issued earlier in the day.

Authored by Eric Zuesse,

Peter Ford, who was the UK’s Ambassador in Syria during 2003-2006, was asked by the BBC in their “The Big Questions” interview on February 14th, whether the current Syrian President Bashar al-Assad would have to be a part of the solution in that country after the war is over, and Ambassador Ford said:

The role presidential hopeful Hillary Clinton played as secretary of state in the 2011 military intervention in Libya is starting to unravel as more than 50 officials from the US, Europe, and Libya speak out. In a two part report for The New York Times many of those directly involved in the mission that overthrew the former Libyan leader Muammar Gaddafi, portray Clinton as a catalyst in the decision to go to war.

“Do not come to Europe. “Do not believe the smugglers. Do not risk your lives and your money. It is all for nothing.”

That’s from Donald Tusk, president of the European Council, and as you can see, one Eurocrat after the other is now set to go full Viktor Orban in an effort to prove, once and for all that Berlin’s grand effort to construct Angela Merkel’s Multicultural utopia has failed. Miserably.