VEM AÍ A SEXTA TEMPORADA DE BLACK MIRROR! | DROPS da Pan – 17/05/22

We have to renew limited government in the United States, or the entire world will enter a new era of darkness the likes of which no one can foresee. There are at least ten limits we could impose on government (and, in some cases, on what I see as quasi-governmental U.S. institutions) that would have a remarkable turn-around impact on our economy – and on our society. And one of the first, if not THE first, is to limit government spending…

The Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 is set to cap debit interchange fees on October 1, 2011 leading to lower debit processing costs for businesses. However, many merchants won’t see the savings that result from the capped debit charges. Instead, their credit card processor will rake in the dough.

I was at a wedding recently in Kenya, two men came up to me, old friends of mine, they said “Hi,” and then asked me if I had realised that I had been coming to Kenya for 11 years. I hadn’t realised. They reminded me of the first time we met which was on my first visit to Kenya 11 years previous.

No, it is not a misprint. The Financial Times reported on September 14, 2011, that three-year Greek government bonds were paying a whopping 172 percent interest.

Everybody knows that the Fed must do something soon and that will likely be “Operation Twist”. This new Quantitative Easing type program will center on buying longer dated bonds to bring down yields on consumer borrowing such as mortgages, car loans and credit cards.