Hungary Protest over 100,000 Objecting to Tax on Internet
About 100,000 Hungarians rallied on Tuesday night to protest at a planned tax on data traffic and the broader course of Prime Minister Viktor Orban’s government they saw as undermining democracy and relations with European Union peers.
Swedish Central Bank Lowers Interest Rates to Zero%
The Swedish Riksbank (central bank) has cut its key interest rate to zero percent. With this quantitative easing monetary policy the central bank is desperately trying to stimulate borrowing to fight deflation. The key interest rate was lowered by a quarter percentage point where experts had only expected a decrease to 0.1 percent. The Swedish Riksbank hopes to create an inflation rate of 2%. In September, consumer prices fell by 0.4%.
The entire problem remains that government cannot grasp that it is taxes and regulation. People will NOT borrow to create businesses when they do not see any opportunity to make a profit. How can dropping the interest rate from 0.25% to 0% make ANY difference? They will wipe out any savings for the elderly causing them to spend nothing if not seek employment driving unemployment higher. This is how brain-dead government operates when you NEVER consider yourself in the equation and the problem is always the people who have to be manipulated.
When the economy turns down in the USA, look out below. We are facing one of the most dramatic deflationary waves perhaps in history. This is the price of a collapse in socialism. We are going through the same collapse process that destroyed communism. It ain’t the private sector – its government!
Bank of England Trying to Clean up Bank Rigging & Manipulation Image in the City
Bank of England is trying to do damage control. They are announcing a review because of all the scandals in rate rigging and manipulations by the banks have created a bad image of the financial sector. Banks should be banks. Allowing them to trade creates the incentive to trade rather than lend. The repeal of Glass-Steagal by Clinton was the single worst act politicians have ever done.
German Politics – Agree or Get Out
The greatest threat we face is the political elite.They are typically failed lawyers and that training makes them believe they possess some magical power to write law and therein it shall be. The reason why we must crash and burn is linked directly to this very bad quality found at the core of the political elite. This sets in motion the attempt to manipulate society and compel by law that it shall do as they command. Of course, they possess no such power. Consequently, they can pull the Invisible Hand in every direction, but they always fail in the end precisely as communism collapsed even after Stalin murdered tens of millions who he feared they would overthrow him
All political systems are the same. Those rioting in Hong Kong think democracy will bring freedom – they are wrong. They will not end up with democracy – but a pretend democracy that is just a republic with pretend elections and the same thing as communistic party systems – we no more elect those who run the government agencies in the USA than they do in Europe. In Europe, they do not even elect the head of the EU – that is someone appointed by “elected” heads of the states.
The danger is “representative” government is illustrated by both what the Republicans did to Ron Paul, refusing to allow his name to be even nominated at the Republican convention thanks to Boehner and then Boehner purged every finance committee or anyone who supported Ron Paul. That is dictatorship – not democracy.
In Germany, the former FDP Bundestag member Frank Schaeffler has revealed the corruption hidden within the Germany political elites and how they equally try to prevent any dissenting opinion against their ideas. In this case, Schaeffler became increasingly a Euro-Skeptic. He has explained how he fared with his dissenting opinion to the Euro-rescue. Schaeffler’s right to speak up in a so-called democratic state was shut down the same as Boehner did to Ron Paul. Every time after becoming aware of his critical attitude, the FDP tried to prevent him from speaking his opinion. With all the dictatorial tricks as always, the party leadership tried to isolate Schaeffler because he said hey – this is not working. Schaeffler’s experience illustrates that the constitutional right of free mandate in which a Member has only to follow his conscience, has long since vanished in everyday political life.
This is why I say career politicians are the single greatest threat to our long-term economic survival. They will defend their wrong decisions to create the euro no matter what. Europe has to crash and burn BECAUSE they will not even consider the horrifying thought that their perceived power to manipulate society does not exist. Even John Maynard Keynes at least saw his ideas as delusion towards the end. Just before his death in 1946, Keynes told Henry Clay, a professor of Social Economics and Adviser to the Bank of England that he hoped that Adam Smith’s “Invisible Hand” would help Britain out of the economic hole it is in: “I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago.” Keynes, who had worked in government, was infected with that same idea that government possesses the power to do anything. He came to his senses and realized the free markets always prevail. This is a lessonHillary has to learn – but I fear she is too old to learn new tricks.Germany Riots Erupt in Cologne
They are being called right-wing extremists who delivered a massive confrontation with police overturning their cars in Cologne on Sunday. The police turned to using water cannons, batons and tear gas, in an effort to break-up the demonstration (riot). Police officers were pelted with bottles, stones and firecrackers. At least 13 policemen were injured, one seriously, according to various German newspapers. Such an escalation of violence has long since existed in North Rhine-Westphalia.
The organizers had 1,500 people registered for a peaceful demonstration – there were at least 4,000 others that appeared who appear to have turned violent in real force to demonstrate against Islamists. The police are said to have brought in 1,000 men, but were greatly outnumbered.
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