Presented under the arch of an ancient, pagan-style temple, the European Central Bank launched the new euro-series in a manner reminiscent of ancient rites performed by ancient peoples.
The European Central Bank chose Europa, an ancient Greek moon goddess who was raped by Zeus when he came to her in the form of a bull. Is it a premonition that the European people are about to be raped by the "almighty central bank" and its robber barons after a short-lived fake bull market?
Let's hope not...
Rep. Ron Paul sponsored this Congressional lecture on "What About Money Causes Economic Crises?", the concluding lecture in a three part series on the basic principles of money for Congressional staff. As a continuing educational tool this lecture was filmed and is provided to the public. The lecture was delivered by Peter Schiff, CEO of Euro Pacific Capital and author of Crash Proof: How to Profit From the Coming Economic Collapse and How an Economy Grows and Why It Crashes. Mr. Schiff explains the fact that the interest rate is a price and that manipulation of that price results in real changes to the capital structure and structure of production within the economy, causing imbalances, booms, and eventually busts in the economy. His lecture also explores how government intervention through labor and employment policies results in diminished employment and an overall reduction in the standard of living.
Lisa Gansky is the author of The Mesh: Why the Future of Business Is Sharing, and the “instigator” behind the Mesh Directory. She often speaks on the topic of technology, social currency and business platforms and models.