Historians agree that Britain’s rise as a pre-eminent global power came as a response to changing circumstances and not as a part of a grand master plan; Britain, it has been said, stumbled into an empire.
October 7th, 2009 | Leon Hadar | 3 comments | ContinuedAll Posts Tagged With: "Britain"
How Will the United States Finance the Biggest Deficit of All Time?
As a way for people to build wealth, this economic model of the Bubble Period was as ineffective as a bad banker. It was a ‘have your cake and eat it too’ school of financial success with an obvious flaw. People noticed it when the correction began.
May 11th, 2009 | Bill Bonner | 2 comments | Continued
Whiskey & Gunpowder
For the present, there is hardly anyone who is an immediate advocate of joining the euro, though there are plenty of europhiles who would expect Britain to join the euro at some future date. At the same time, the euro has become more attractive to the weaker European currencies which are outside the Eurozone…
February 26th, 2009 | William Rees-Mogg | 4 comments | Continued
Ask Not What Your Banks Can Do For You…
Everyone believes the banks need more money. Obama is likely to give them more. How? Using the “quantitative easing” technique…otherwise known as printing up money. The banks, of course, will not lend…and people will not borrow. They’re not fools. So, then, the Obama administration will begin pumping harder…like they do in Zimbabwe…
January 21st, 2009 | Bill Bonner | 1 comment | Continued