Monthly Archives: August 2011

Balance in a crisis

Culture out of economics

Right now we are living through the greatest monetary crisis in the history of the world. The crashes of 1974, 2000, 2007-2008 and more that will follow are just the symptoms of a giant government bubble that  pushes whole nations into excessive debt and as a consequence into poverty. Some of us are lucky to prosper but many are not, so people seek a positive balancing force that can help them get through those tough times. Many find it in music.

Greatest bands are born in a crisis

It’s true that every decade has its own music but artists and bands that performed during 70’s and 80’s are still among the most recognized today. In recent years a new wave of artists emerged from somewhat chaotic social mass. An example below – Miss 600:

There are a lot of new bands out there, so what music did you discover recently?
Please tell :D

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Swiss Gold Franc – back to the gold standard?

From political fringes to mainstream economic debate

In his article (in German)  (English Google translated version) Von Thomas Jacob, of the Property and Freedom Society (run by Mises Institute people) proposed a gold backed Swiss Franc. You can also listen to Coben Centre Radio interview (direct link to mp3 in the article) on the subject or you can listen to Jim Rickards interview on Kingworld News.

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Polish debt on negative watch

Still good but riskier

A week ago[i] China’s most known credit rating agency Dagong Global Credit Rating Co., Ltd. (Dagong for short) has announced its negative outlook for polish government bonds. Dagong maintained A and A- credit ratings for both local and foreign currency bonds respectively, but emphasised that the foreign investment structure of Poland might deteriorate in the future.
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