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COMMENT: Hi, The Norwegian Data Protection Authority is now arguing that GPS based taxation, for the amount of kilometers driven by car, can be done within 5-6 years! Norwegians trust the government way too much, because they believe that this system will eliminate the need for road tax, fuel tax, toll roads and reduce the […]
Main talking topic in Asia today was in the Chinese market after Premier Keqiang’s warning of a difficult year ahead. Offering commitments of additional public services and infrastructure, along with various public spending support, the market initially responded well. Trading from negative territory, both the Hang Seng and Shanghai indices climbed back to trade around […]
Delos, First Central Bank QUESTION: Dear Martin Wonder if you have any insights as to the history of the bank clearing process. Was the clearing process created mainly so banks could play games and earn interest with peoples’ money with the reasoning that it was to prevent money laundering? With technological advances today, one can accept […]
QUESTION: RE: ….& Coming Barter System. So, are you suggesting that we may see a shift to Silver by private individuals as the only way to sidestep Government stupidity, or will it be even worse, like trading whiskey for toilet paper?? TWE ANSWER: Assuming government attempts to follow the IMF’s advice and create cryptocurrencies to […]
It appeared the rally seen in US stocks was insufficient to impress Asia with core markets closing mixed. Japan’s Nikkei returned some of yesterdays gains falling -0.55% with the Yen also trading a little heavy this evening, now with a 109 handle. It was a less than decisive day for Nikkei opening almost where it […]
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Prime Minister Theresa May now faces a no-confidence vote after her BREXIT plan was defeated to be submitted by opposition Labour Party leader Jeremy Corbyn. Nonetheless, our sources there say that she will probably survive as the Conservatives who rejected her plan are not likely to vote for a no-confidence motion realizing that a Corbyn victory […]
Parts of Canada could become the coldest spot on the planet with a winter storm approaching. This storm is coming with crazy frigid temperatures and wind chill factors in the -40oC level for some. This is going to be really dangerous. Quite frankly, the human body was NOT designed to handle conditions like that. This […]
The latest game in Germany is now Merkel, who offered cash to refugees to return last November, has stepped up her game and offered to pay their living expenses for one year if they return home. Billboards are appearing all over Germany making this latest offer. Believe it or not, more than 20,000 refugees vanish […]
