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Archive | April, 2012

The Midas Touch – Swiss style

Another update from Switzerland. Sometimes people forget the point of the story of King Midas.  And by forgetting, they make  the same mistake as Midas. How often have you heard someone say, “He has the Midas touch you know”,  meaning he’s rich and knows how to get  richer. Whereas the story of Midas is how once […]

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Growth will save us? You bet!

There are so many reasons for believing that the European ‘recovery’ plan is not working now and will continue to not work no matter how long we are forced to subsidize it. Today we can add one more reason – Mr Francois Hollande is now the favourite to beat Mr Sarkozy and become France’s next […]

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We’re all in this together

“We’re all in this together .” Surely one of the brass plated lies which will be seen as encapsulating the failure of our times. Much the way that  “For God, King and Country” reminds us of an old order which thundered and then bled to death on the fields of Flanders nearly a century ago […]

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Vulturecrats

A horrid thought has been incubating for the last few days. I don’t know how many of you know much about Vulture Funds, what they do and how they do it, but it forms the basis of my horrid thought. Nations issue debt. After it is bought, it often gets re-sold on what is called […]

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