The United States Is Already At Least As Socialist As Denmark

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To be, or not to be Denmark? That, apparently, is the question for Democratic presidential candidates.

Perhaps unexpectedly, the beautiful northern European country of Denmark emerged as a topic of conversation during this week’s Democratic Party presidential debate. The small Scandinavian monarchy plays an important role in progressive mythology. It is a place many liberals want America to become, and both Bernie Sanders and Hillary Clinton sung its praises during the debate. A closer look at Denmark’s public policies is, therefore, warranted. It yields some surprising results. Continue reading

Central banks fight ‘vultures’ in global currency war

A global war of currency depreciation has begun. Although the weapons are not killing anyone, the slow damage will be no less devastating than nuclear, chemical or biological warfare. In a worst-case scenario, there will be a substantial redistribution of the income and wealth of all nations and an even wider gap between the rich and poor.

The war has now spread to Denmark, Singapore, the EU, Switzerland, Japan and even South Korea and Taiwan. The weapons used include banknotes, central bank control of foreign exchange and interest rates, and vultures (hedge funds) in the financial markets defending and speculating on the currencies. Continue reading