Showing posts with label the Great Depression 2014. Show all posts
Showing posts with label the Great Depression 2014. Show all posts

Tuesday, December 16, 2014

Putin for the fifteenth time in a row named 'Ruble' Man of the year in Russia


Putin for the fifteenth time in a row named Ruble man of the year in Russia.(Interfax). [GoogleTranslate]

Russian President Vladimir Putin has once again recognized the Russians "Man of the Year", he takes the first line in the popularity rating, since 1999, studies show the fund "Public Opinion".

According to the poll conducted December 7 among 1,500 respondents in 43 regions of Russia, 68% of Russians have put Putin in the first place on the list of Russian politicians and public figures, they would have called man of the year. This figure has increased compared to last year doubled - from 32% in 2013.

The list also includes the people, the LDPR leader Vladimir Zhirinovsky (4%), Foreign Minister Sergei Lavrov (3%), Prime Minister Dmitry Medvedev (2%), Russian Defense Minister Sergei Shoigu and Communist Party leader Gennady Zyuganov (1%).
Hmmm....Lets call him the 'Terminator' of the Ruble?

Trading of USD/RUB pair will be discontinued !

Source

Wednesday, January 29, 2014

Two Top American Bankers Commit Suicide in London.


Two Top American Bankers Commit Suicide in London.(DM).

Gabriel Magee, a 39-year-old JP Morgan bank executive, died this morning after he threw himself off the top of the bank's European headquarters On Sunday, former Deutsche Bank senior manager, William 'Bill' Broeksmit, 58, was found hanging in his home in South Kensington Both deaths have been ruled non-suspicious by the Metropolitan Police.

Magee had lived in London for seven years after transferring from the Unites States with JP Morgan.

Broeksmit had been in London many years but still owned an apartment in an exclusive Central Park building in New York Both were thought highly of by their bosses and colleagues, sources said Read the full story here.

Tuesday, January 28, 2014

"The Great Bank Robbery" - Germany's Bundesbank calls for capital levy on the citizens to avert government bankruptcies.


"The Great Bank Robbery" - Germany's Bundesbank calls for capital levy on the citizens to avert government bankruptcies.(Reuters).

Germany's Bundesbank said on Monday that countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy before asking other states for help.

The Bundesbank's tough stance comes after years of euro zone crisis that saw five government bailouts. There have also bond market interventions by the European Central Bank in, for example, Italy where households' average net wealth is higher than in Germany.

"(A capital levy) corresponds to the principle of national responsibility, according to which tax payers are responsible for their government's obligations before solidarity of other states is required," the Bundesbank said in its monthly report.

It warned that such a levy carried significant risks and its implementation would not be easy, adding it should only be considered in absolute exceptional cases, for example to avert a looming sovereign insolvency.

The International Monetary Fund discussed the option in a report in October and said that reducing debt ratios to end-2007 levels for a sample of 15 euro area countries, a tax rate of about 10 percent on households with positive net wealth would be required.Read the full story here.
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