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Economist: Cut government budget by 98% or risk complete economic collapseMarch 13, 2013 By Stephen Otto 1 CommentIn an interview with the International Speculator, Doug Casey, a renowned investor and economist, gives his policy prescription for fixing the economy if he was the president. It may sound drastic but it is what is really needed if we are to avoid an economic colla..

Jim Rogers: The saving class is being wiped out by central banksMarch 13, 2013 By Andrew Moran Leave a CommentJim Rogers, Chairman of Rogers Holdings and author of “Hot Commodities,” recently spoke with PeakProsperity.com in an in-depth podcast interview Saturday regarding inflation, the United States dollar, precious metals and the saving class. Rogers noted that there is..

Italy’s economy shrinks as EU leader warns of lost generation 이탈리아의 경제 축소 EU 지도자 잃어버린된 세대로 경고 Data from Italy’s national statistics institute ISTAT showed that the country’s economy shrank by 0.9pc in the fourth quarter of last year and gross domestic product was down a revised 2.8pc year-on-year. The economy was hobbled by chr..

EU discusses restructuring of Irish and Portuguese bailouts to deepen austerityBy Jordan Shilton 13 March 2013At their meeting last week, European Union (EU) finance ministers agreed in principle to examine ways to restructure the bailout programmes of Ireland and Portugal. A statement declared that the troika of the European Commission, European Central Bank (ECB) and Interna..

Defending the Undefendable: Ticket scalpingMarch 12, 2013 By Andrew Moran Leave a CommentJohn Stossel, a libertarian host on the Fox Business Network (FBN), highlighted the issue of ticket scalping, which a large number of people oppose and some politicians are looking to ban the practice through legislation. In the interview with an economist, Stossel mentioned the Walter Blo..

Oldest Swiss bank forced to shut down because of prosecution by U.S. governmentMarch 12, 2013 By Stephen Otto Leave a CommentBank Wegelin, Switzerland’s oldest bank, has had to shut down because of criminal sentencing by the U.S. government for aiding U.S. citizens in tax evasion. The 272 year old bank thought they were in the clear since they did not have any branches outsi..

Satirical website claims Paul Krugman is bankrupt after stimulating his financesMarch 12, 2013 By Andrew Moran Leave a CommentKeynesian Economist and New York Times columnist Paul Krugman, who may in fact be intellectually bankrupt, is bankrupt, but not really. The Daily Currant posted a satirical piece that reported Krugman had filed for bankruptcy and owed $7.35 million. “..

Top wealthiest 10% pay majority of federal income taxes in U.S.March 12, 2013 By Andrew Moran Leave a CommentMake the rich pay their fair share? For Democrats, liberals and Occupy protesters, it may be surprising to find out that the wealthiest 10 percent of Americans already pay more than 70 percent of federal income taxes in the United States, according to the Tax Foundation..

Inflation Will Crush the PoorEgypt's Youth Face High Unemploymentlike +3 (0) dislikeBy Joseph Cafariello Tuesday, March 12th, 2013 “Please, Sir. More soup.” “More? More soup? That’ll cost you 10 bucks, kid.” Food prices are rising in Egypt, and fast. Reuters reports that “data on Sunday showed prices in towns and cities rose 8.2 percent in the year to February, sha..