Alexander the Great Silver Drachms
There is no other person throughout history whose name and accomplishments influenced so many, from Julius Caesar to Napoleon, like Alexander the Great. Born a son of the Macedonian [...]
Bundesbank warns of Coming Pension Crisis
The Bundesbank has come out warning that there is a German pension crisis. They have proposed that states raise the pension tax and that they should gradually increase the retirement age because the life
expectancy in the future has risen. Central Bank President, Jens Weidmann, has stated that he is generally in favor of raising the statutory retirement age beyond 67 years.
We must understand that the ECB policy of “stimulating” the economy with negative interest rates has bankrupted state pension plans. This theory that lowering interest rates to get people to borrow and thus manipulate demand higher has NEVER been proven to have ever worked. The consequence of what we now face is a major pension crisis that is undermining the future of Western economies.
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COMMENT: Mr. Armstrong ….. I do hope this article ‘sinks in’ and we finally will get an objective government also being replicated around the world!! Opa’91 Survivor of WWII in [...]
Market Talk – January 21, 2025
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 125.48 points or 0.32% to 39,027.98 • Shanghai decreased 1.75 points or -0.05% to 3,242.62 [...]
Canada Created its Own Trade Barriers
Stéfane Marion, chief economist of the National Bank of Canada, has urged the Canadian government to reconsider their own trade barriers amid criticism of Donald Trump’s proposed tariffs. The International [...]
