photo credit: bayerberg Last Thursday’s G20 meet saw little new initiative. The $1.1 trillion stimulus package was largely from already announced packages. This totals up to US$5 trillion in bailout economics worldwide, appx 7% of the planet’s GDP of US70 trillion (purchasing power parity exchange rates). The ‘name and shame’ tax haven policy development will dwindle once Gordon Brown’s poll … Read More
Cycles, Stats and Set Ups
photo credit: Gustty Renegade Economists Podcast 83 Subscribe to the podcast As broadcast on April Fools Day, 2009 via the almighty www.3CR.org.au Show Notes Cycles, Stats and Set ups – Louis Christopher from SQM Research provides background on the state of the housing market. G20 standoffs, shareholder activism and some thought provoking music as always. Anything in italics below is … Read More
Tax Breaks for Mining Companies must stop
photo credit: Rui Almeida (Portugal) Those who read our recent post on Papau New Guinea will find this important reading. A new report entitled Breaking the Curse: How Transparent Taxation and Fair Taxes can Turn Africa’s Mineral Wealth into Development. The conglomerate of aid agencies behind the report state: For example, Zambia’s mining law allows the minister in charge to … Read More
Obama’s surface commentary on bankers
photo credit: telemetry9 Max Keiser sums it up in rapid-fire succession: So let me get this straight. Banking elite, and other government insiders, defrauded savings accounts, pension funds, charitable funds and municipal funds here and around the globe by trading in worthless financial instruments; they manipulated markets and destroyed legitimate businesses along the way; and THEN, when that wasn’t enough, … Read More
Geonomics = New Economics
photo credit: h.koppdelaney Scott Baker writes in OP-Ed News There are many forms of capitalism. What we have right now is bubble capitalism, whereby a new bubble in some non-manmade resource (oil, land etc.) is used to speculate enourmous sums to a very tiny minority of early investors. This is also Ponzi Capitalism. Or, perhaps, since banks have become a … Read More