Following in the extremist “Quantitative Easing” (QE) footsteps of the U.S. Federal Reserve, the European Central Bank vowed to create massive quantities of new currency — more than $68 billion each month, eventually reaching well over a trillion — to buy government and corporate bonds across Europe. Under the guise of achieving an “inflation target” of two percent, the ECB will devalue all euros while propping up megabanks, Big Business cronies, European Union institutions, and out-of-control EU “member states” already drowning in a sea of red ink. More than a few experts, though, say the ultimate result of the scheme will be economic disaster. Some have also suggested that the QE bond-buying plan may violate EU treaties.
The FCC will announce new rules Thursday changing Internet providers from "information services" to "telecommunications companies." The new rules, to be issued for public comment on Thursday, will be seen for what they really are: ObamaCare for the Internet.
The United States' 12th place in the world this year in economic freedom will be corrected downward in the next few years as more federal regulations kick in.
While the officially admitted manipulation and suppression of gold prices by Western central banks has been documented extensively, world renowned economist and money expert Jim Rickards argued last week that the real purpose of it was to benefit the Communist Party regime ruling mainland China. As China becomes a global superpower in an increasingly globalized world, the dictatorship in Beijing needs gold reserves to match its growing economic clout, explained Rickards, editor of Strategic Intelligence and author of two books focusing on currency. Eventually, all of that gold — being scooped up by the Chinese autocracy at artificially low rates — will give Beijing a much bigger voice at the table as the new world monetary order it keeps demanding slowly emerges from the ruins of the old.