Europe

Polish Gold to be Repatriated?

"Poland currently owns around 109 tons of gold deposited abroad. Most of the reserves are stored in the UK. In the face of financial crisis, every major country should keep gold within easy reach. Therefore, the Polish gold should return to their homeland – say the initiators of the 'Give Us Our ​​Gold'. The vast majority of Polish gold reserves are currently at the Bank of England, and went there before the Second World War. In order to put pressure on the Polish National Bank, advocates have launched an action entitled. 'Give Us Our gold'. Among the partners are the Mises Institute of Poland. Organizers cite the example of Germany, which has decided to bring its provisions into the country." Continue reading →

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‘A tide of squatters’ spreads in Spain in wake of foreclosures

"If the organization known as Okupatutambien, or 'Become a Squatter Too' has its way, the country will see a mass expropriation of abandoned or repossessed property to resolve the housing crisis. According to a 117-page “Squatters’ Guide” published on the Internet by the group, there are 3 million empty homes in Spain, or about 100 for each of the 30,000 homeless. The guide advises would-be squatters on how to stake out, enter and remain inside properties, leaving the rightful owner and authorities powerless to evict them. It also offers free counseling from an office in downtown Madrid on how to siphon water and electricity from municipal supplies and how to deal with law-enforcement officers." Continue reading →

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Most people expect to be worse off than parents – except U.S., Chinese

"A 'squeezed generation' of middle-aged Europeans are convinced they are going to be poorer in retirement than their parents, according to a global survey that found the Chinese the most confident about their future and the French, Germans and Spanish the most pessimistic. Americans are the most sure they will enjoy their retirement, the British are among the most likely to worry about being lonely, while individuals in Eastern European countries are uniformly morose about their future. In the survey, 43% of Japanese said they associate retirement with 'insecurity' compared to just 13% in China and the US, and 15% in the UK." Continue reading →

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The Three Types of Austerity

"Reading the financial press, one gets the impression there are only two sides to the austerity debate: pro-austerity and anti-austerity. In reality, we have three forms of austerity. There is the Keynesian-Krugman-Robert Reich form which promotes more government spending and higher taxes. There is the Angela Merkel form of less government spending and higher taxes, and there is the Austrian form of less spending and lower taxes. Of the three forms of austerity, only the third increases the size of the private sector relative to the public sector, frees up resources for private investment, and has actual evidence of success in boosting growth." Continue reading →

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Germany’s Green-Energy Disaster

"Even though green-energy programs are a disgusting boondoggle, American taxpayers and consumers should be thankful they’re not in Germany. Our programs may be wasteful and corrupt, but we’re amateurs compared to what’s happening on the other side of the Atlantic. As is so often the case with government intervention, the promises from politicians about low costs were a mirage. Perhaps the most shocking part of the story is that Germans are being forced to pay $26 billion in subsidies to get less than $4 billion of green energy." Continue reading →

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British Somalis dread ban of ‘herbal high’ khat

"When Britain bans the herbal stimulant khat, Mohamod Ahmed Mohamed will lose his livelihood. But he fears most for his small Somali community without the leaf that fuels its social life. 'I can switch to another business but what about the youth, where are they going to go — the street, the mosque, to hard drugs?' he says at his khat warehouse near London’s Heathrow airport. 'You are taking away their freedom. Why target us? You will never find somebody falling over on the street or fighting from khat like they do when they are drunk.' Mohamed supplies khat to many of Britain’s 100,000 Somalis, Ethiopians and Yemenis, for whom chewing the bushy shrub is as normal as going to the pub." Continue reading →

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Homeschool raid on family viewed as terror

"The German government is being accused of terrorism on its own citizens for a police squad raid in which officers armed with a battering ram forcibly took four children from their parents because they were being homeschooled. The accusations are being posted on a Facebook page for the German embassy in Washington. The reaction developed after, as WND reported, four homeschooled children, ages 7 to 14, were forcibly taken from their Darmstadt, Germany, home by police armed with a battering ram. The parents, Dirk and Petra Wunderlich, were told they won’t see the children again soon, according to the Home School Legal Defense Association." Continue reading →

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Bitcoin Exchange Berlin Is Bringing Digital Currency to Market

"While there was beer, it was less of a bar environment and more of a full-fledged street market. There was stuff perched up on crates, other products in a shopping cart. The DJ spun reggae records that kept the vibe chill and quiet. Business cards were exchanged, while others had their contact info on stamps to save paper. What makes this Berlin series different than the open air exchanges in New York, for example, is that people were actually buying and selling products, on top of the typical bitcoin exchange. Also, there were girls. And it was arty." Continue reading →

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UK downplays talk of regulating Bitcoin

"Reports the U.K. is 'actively considering' regulating the virtual currency Bitcoin are exaggerated, the country's financial watchdog has said. The FCA said on Thursday it was simply 'keeping an eye' on Bitcoin developments, rather than actively considering regulation. 'Whilst the FCA does not regulate Bitcoins, businesses providing services related to Bitcoins or other digital currencies should consider whether they are carrying on regulated activities,' a FCA spokesperson said." Continue reading →

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UK Bitcoin dealers seek official regulation for digital tokens

"Bitcoin dealers have told the British government that it should introduce regulation for the digital tokens so they can be used for new businesses and to promote growth. At a Downing Street meeting on Wednesday, smaller banks, finance houses and Bitcoin companies told officials that big banks are blocking the creation of business accounts for money remittance because of fears over financial crime. The meeting, attended by about 40 people, included high-level civil servants from the Department for Business, Innovation and Skills and other government departments interested in Bitcoin's potential, and more generally in how to encourage financial innovation in Britain." Continue reading →

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