Subject:
Economic Recovery This tag is applied to articles that deal with the topic of economic recovery, either of the Great Recession that started with the Crash of 2008, or other financial crises such as the Great Depression or the Asian Currency Crises of 1997.
Articles may touch on such questions as how long will a crisis last? what are the signals of a recovery? and what are the pre-conditions of a recovery?
Phony financial reform
By John Schroy, on July 17th, 2010 |

Unfortunately, instead of a ‘game-changing’ confidence-inspiring reform, the Obama administration presented the United States with the Dodd-Frank Act — a legislative miscarriage that has the potential to hold back recovery and impair the position of New York as a world financial center for decades — unless repealed or drastically amended.
Euros versus the dollar
By John Schroy, on July 2nd, 2010 |

The multiplicity of independent central banks is the Achilles heel of the eurosystem. A bank, controlled by the government, in a fiat money environment, that acts as the paying agent for that government, has — in effect — the capability to print money (although not necessarily banknotes).
Imagine, tomorrow the headlines in the Wall Street Journal read “$100 billion is inflationary euros issued without the knowledge of the European Central Bank”. What would be the effect of the news on the value of the euro as a reserve currency?
Faked Reform
By John Schroy, on June 27th, 2010 |

The immediate cause of the worldwide financial Crash of 2008 was the extensive granting of sub-prime mortgages.
The Dodd-Frank financial reform bill introduced in Title XII, “IMPROVING ACCESS TO MAINSTREAM FINANCIAL INSTITUTIONS”, a new, fraud-prone solution to a non-existent problem, the granting of $2,500 loans to middle and low income borrowers.
In combination with other political funds, this program could be an extremely powerful tool for voter fraud. In fact, it is difficult to imagine why else it would be inserted into the Dodd-Frank Act.
Popular Articles