Thursday, 27 November 2014

Wie Reiche immer reicher werden

SCHWEIZER RADIO UND FERNSEHEN: Die 300 Reichsten der Schweiz sind so reich wie noch nie – nicht nur in Milliarden, sondern auch im Verhältnis zum Durchschnitt. Ihr Vermögen wächst deutlich schneller als die gesamte Volkswirtschaft. Was ist das Geheimnis? Und: Wie funktioniert Reichtum?

Das Vermögen der Superreichen in der Schweiz wächst deutlich schneller als die gesamte Volkswirtschaft. Nur wer bereits Kapital hat, hat auch die Möglichkeit, gewinnbringend zu investieren.

Wer hat, dem wird gegeben – das ist nicht etwa ein Prinzip der Wirtschaftslehre, sondern ein Zitat aus der Bibel. So kann es denn nicht Unrecht sein, wenn die Allerreichsten in der Schweiz noch einmal reicher geworden sind. Häufig haben sie ihre Millionen oder gar Milliarden in Firmen investiert, halten also Aktien. Läuft es an der Börse gut, so wie dieses Jahr, verdienen sie kräftig mit. » | Donnerstag, 27. November 2014

Happy Thanksgiving!

Wishing all my visitors, followers, and Twitter followers a VERY HAPPPY AND BLESSED THANKSGIVING

Monday, 17 November 2014

Cameron: World Facing Second Economic Crash

THE SUNDAY TELEGRAPH: The Prime Minister has warned that a second global crash could be looming

David Cameron has said that “red warning lights are flashing on the dashboard of the global economy” and a second global crash could be looming.

In a bleak assessment as the G20 summit draws to a close, the Prime Minister said there were early signs similar to those seen before the global recession six years ago.

There is a “dangerous backdrop of instability and uncertainty” with diplomatic, humanitarian and economic problems across the world, he warned, which potentially endanger Britain’s recovery.

Mark Carney, the Governor of the Bank of England, said hedge funds, private equity firms and other parts of the unregulated “shadow banking” world will face increased scrutiny over the possible risks that they pose to financial stability. » | Telegraph Reporter | Sunday, November 16, 2014

THE GUARDIAN: David Cameron: Red lights are flashing on the global economy: The G20 meeting in Brisbane made it clearer than ever to me that we in Britain must stick to our long-term economic plan » | David Cameron | Monday, November 17, 2014

Friday, 14 November 2014

Islamischer Staat schafft sein eigenes Geld

TAGES ANZEIGER: Die Terrorgruppe IS macht mit einer eigenen Währung einen weiteren Schritt in Richtung Staatlichkeit. Anführer al-Bagdadi wolle damit das «tyrannische Geldsystem» ändern.

Die sunnitische Terrormiliz Islamischer Staat arbeitet offenbar an einer eigenen Währung. Ihr Anführer Abu Bakr al-Bagdadi habe angeordnet, mit der Prägung von Münzen zu beginnen, berichtete eine der Extremistengruppe nahestehende Webseite am Donnerstagabend. Mit dem Schritt solle «das tyrannische Geldsystem» geändert werden, das westliche Wirtschaften zum Vorbild habe, die «Muslime versklavten», hiess es. » | Freitag, 14. November 2014

Italy Protests Erupt Across the Country

A protester throws a smoke flare during the protest in Rome
THE DAILY TELEGRAPH: Italy hit by strikes and violent demonstrations as anger towards soaring unemployment and economic crisis boils over onto the streets

Italy was hit by strikes, violent demonstrations and protests against refugees on Friday as anger and frustration towards soaring unemployment and the enduring economic crisis exploded onto the streets.

Riot police clashed with protesters, students and unionists in Milan and Padua, in the north of the country, while in Rome a group of demonstrators scaled the Colosseum to protest against the labour reforms proposed by the government of Matteo Renzi, the 39-year-old prime minister.

Eggs and fire crackers were hurled at the economy ministry.

On the gritty, long-neglected outskirts of Rome there was continuing tension outside a centre for refugees, which was repeatedly attacked by local residents during the week. » | Nick Squires, Rome | Friday, November 14, 2014

Monday, 10 November 2014

Britain Will Not Remain in Europe 'Come What May', David Cameron Says

Prime Minister says Europe must listen to concerns of British public in speech at Confederation of British Industry

Read the Telegraph article here | Monday, November 10, 2014

Sunday, 9 November 2014

1MDB Funded RM218,000 Per Month Retainer To Tony Blair!

SARAWAK REPORT: London’s Sunday Times newspaper has published a front page story revealing that the former UK Prime Minister Tony Blair was hired by PetroSaudi International for RM218,000 ($65,000) a month, plus a 2% ‘success fee’ on transactions.

The controversial company was itself funded by a billion plus dollar loan from the Malaysian Development Fund 1MDB and has provided no other evidence of substantial income for that period.

It works out at an annual ‘retainer’ of over RM2.6million for the ex-British PM, all apparently funded by Malaysian development money.

There has been considerable criticism that Blair has been combining his role as a Middle East negotiator with involvement in private oil deals.

This new Sunday Times report provides devastating new evidence what it dubs his “cash-for-contacts” business. Read on and comment » | Saturday, November 08, 2014

THE SUNDAY TIMES: ARTICLE AS A PDF FILE: Blair’s secret cash-for-contacts deal with Saudis » | Jon Ungoed-Thomas | November 09, 2014


MAIL ON SUNDAY: Blair ‘signed secret contract with Saudi oil firm promising him £41,000 a month and a slice of any deals he helped broker’ » | Gemma Mullin for MailOnline | Sunday, November 09, 2014

Saturday, 8 November 2014

Mark Carney: Bumpy Ride ahead for Global Economy

Mark Carney, Governor of the Bank of England.
THE DAILY TELEGRAPH: Bank of England Governor warns that as central banks unwind their unconventional policies, financial market volatility could return

Dramatic shifts in the financial landscape mean that a return to normal market conditions “could be bumpy”, Mark Carney, the Bank of England’s Governor has said.

Speaking at the International Symposium of the Banque de France in Paris, he discussed a shift in the form of corporate financing, away from traditional bank lending and towards instruments such as corporate bonds.

The Governor said that an increased reliance on these market-based forms of financing has put a premium on increasing the resilience of markets.

The present “low volatility environment” - reflecting a lack of uncertainty in markets - will change as central banks begin to unwind unconventional policy and raise rates, the Governor suggested.

While increases in interest rates will be gradual in nature, Mr Carney stressed, a bumpy ride may be inevitable - which in turn would affect the pace of those rate hikes. » | Peter Spence, Economics Correspondent | Friday, November 07, 2014

Tuesday, 4 November 2014

Dollar Smashes through Resistance as Mega-rally Gathers Pace

THE DAILY TELEGRAPH: HSBC says we are at the early stages of a dollar bull run that will change the world

The US dollar has surged to a four-year high against a basket of currencies and has punched through key technical resistance, marking a crucial turning point for the global financial system.

The so-called dollar index, watched closely by traders, has finally broken above its 30-year downtrend line as the US economy powers ahead and the Federal Reserve prepares to tighten monetary policy. Read on and comment » | Ambrose Evans-Pritchard, International Buisiness Editor | Monday, November 03, 2014

Sunday, 2 November 2014

Germany Says UK Could Leave EU If David Cameron Insists On Migrant Quotas

THE SUNDAY TELEGRAPH: David Cameron's bid to overhaul freedom of movement rules to restrict immigration from within the European Union could take Britain to a "point of no return", German government sources have reportedly warned

Germany would be prepared to accept that Britain will have to leave the European Union if David Cameron insists on restricting the number of immigrants from the bloc who can live and work in the UK.

Mr Cameron’s bid to curb levels of migration from the EU is taking Britain to a “point of no return”, according to Der Spiegel.

Mr Cameron has said that he will reform Britain’s relationship with the EU before holding an in-out referendum in 2017.

The Prime Minister used his speech last month to the Tory Party conference to pledge to put reform of the freedom of movement principle would be "at the very heart of my renegotiation strategy for Europe".

However, Angela Merkel, the German chancellor, has said that she would not support any plans to change the freedom of movement rules that allow an unlimited number of EU migrants to live and work in the UK. Read on and comment » | Peter Dominiczak, Political Editor | Sunday, November 02, 2014

Donald Trump Calls the Obama Economy a 'Disaster'

Oct. 28, 2014 - 11:12 - Trump Organization CEO talks midterm elections, 2016