...but a one-man blog operation. Excuse me for a day off, filled with bureaucracy and rage about a certain domestic but foreign-owned bank. I am on the steps of being able to explain why Austrian banks have a problem making revenue/fees/profits. Meanwhile, enjoy my archive for some accurate pr ... Read more

Preparing my favorite cooked breakfast of bacon & eggs with fried tomatoes and baked beans on toast I stumbled upon another sign of food inflation. While this depicted can of baked beans costs an unchanged 89 Euro cents in my local supermarket I get less product for the same price. Openin ... Read more

Mail this one-minute video to your political representative. Maybe it opens her/his eyes that we are approaching hyperinflation indeed. For a little more on this 13-digit figure click here . Keep in mind that the TARP may cost up to $24 trillion. ... Read the full post ... Read more

It's summertime and the bloggin' ... strays a little from my usual diet of central bank watching, calling for a revival of the gold standard and criticizing the excesses of greed. Having correctly forecasted the current crisis of the Western world since 2005 and fearing the coming period of hyperin ... Read more

In contrast to the optimistic utterances from Austria's central bank the Austrian Treasury fears that its public capital infusions may turn into large write-offs. According to a spokesperson from the finance ministry it is expected that Oesterreichische Volksbanken AG (OeVAG) and the Hypo Alpe Adria ... Read more

In tribute of the greatest RnB band in the world. Mick Jagger turns 66 on this Sunday. Lean back, turn up the volume and enjoy. "Honky Tonk Women" at the legendary free concert at Hyde Park 2 days after Brian Jones had died. The must see video the Stones tried to hide: wild in-flight par ... Read more

Do not miss out on this MSNBC video ! Former New York Governor Eliot Spitzer says the Fed is a Ponzi scheme and the guys in the studio depict the fatal flaw of the Fed's strategy. Using cheques and a garbage bag, finance can become easily understood. Enjoy the full 8:38 minutes. Visit msnbc.co ... Read more

The strange thing about financial crises is that they don't happen because of too little money but always because there is too much fiat money, obviously in the wrong hands, though. Enjoy this video where Fed chairman Ben Bernanke says he does not know who got 553 billion Federal Reserve Notes (FRN ... Read more

Thursday was Vienna's hottest day with temperatures reaching 38 centigrades, followed by the worst thunderstorm in 60 years. As I have to clear my garden from broken tree parts that also block my garage blogging will cease at least until Monday ... Read the full post ... Read more

On Tuesday Treasury markets signalled re-emerging confidence that the Federal Reserve may be able to absorb the oceans of liquidity it has pumped into markets in the last 2 years. The nice rally across the curve based on an OpEd piece by Fed chairman Ben Bernanke in the Wall Street Journal . As ... Read more