Case for -2% Rates, Banning Cash? James Grant Blasts Lunatic Proposals – from Mish Talk – Negative interest is essentially a form of theft. When someone is praising theft, you can assume he is either crooked or mentally deficient. It gets easier if you find he is a college professor. On second thought, a professor could have a good memory but a poor brain. He might remember what he reads, but have little understanding of its veracity. In either case, it would be unwise to take his advise on finances or anything else, for that matter.
The Majority of the World’s Population Lives in This Circle – from Visual Capitalist – Wow!
German Police Tell Women ‘Wear Sneakers’ to Outrun Migrant Rapists – from Information Liberation – You can’t make this stuff up. YCMTSU
Money bag: Police raid on anti-corruption official uncovers over $120mn in cash – from Russia Today – In Russia, he is arrested. In some major countries, he would be elected or appointed to a major office. Way to go, Vladimir.
Hey Putin! Screw the Normandy Format, the Minsk Accords, the EU and the US – from Russia Insider – For those who don’t know, the Normandy Format is a diplomatic group of senior representatives of the four countries (Germany, Russia, Ukraine and France) to resolve the situation in the East of Ukraine, where most of the inhabitants are Russian. It seems sensible and right to let the people that live there decide their destiny.
A Political Hurricane is About to Sweep Across Europe – from Liberty Blitzkrieg – I would say that hurricane is a inappropriate metaphor. Hurricanes are usually unwelcome to most people. I suspect this event is welcome to most of the people affected. If it were not, there would be no event.
Tsipras: Euro-Med summit will unite Europe, not divide it – from EurActiv – The proposed alliance of the Mediterranean members of the EU seems ill-advised, unless they are open to secession. It appears that they want to have a bit of sovereignty without the responsibility that comes with it.