A list of countries at or near negative interest rates

ECN | 5 July 2016 In order to stimulate their respective economies, spur borrowing efforts and try to shoot out the last bullets possible, central banks all over the world are nearing to subzero interest rates. At the present time, Japan, the European Central Bank, Switzerland and Sweden are sitting at negative territory. But more…

The Bank Robber

The New Yorker | 30 May 2016 Issue The computer technician who exposed a Swiss bank’s darkest secrets. A few days before Christmas in 2008, Hervé Falciani was in a meeting at his office, in Geneva, when a team of police officers arrived to arrest him. Falciani, who was thirty-six, worked for H.S.B.C., then the…

Understanding the Central Banker’s Shell Game

Mises | 2 March 2016 The Federal Reserve is a key component of the American Transfer State. Under the guise of “macroeconomic management,” it redistributes vast amounts of wealth on an ongoing basis through inflation. The victims of these transfers are ordinary Americans. The beneficiaries are the government and its elite cronies. The Fed masks…