Dover, UK: Protests over migrants and EU

Thirteen people have been arrested amid concern an migration protest and counter demonstration could turn violent


4/3/16 – (BBC)  Clashes erupted between anti-fascist activists and police officers, who stopped them from getting to grips with far-right groups protesting against refugees in Dover on Saturday. Continue reading “Dover, UK: Protests over migrants and EU”

Bank Of England Economist Calls For Cash Ban, Urges Negative Rates

Is there something Haldane sees that has driven him to this extremist perspective?

Bank Of England Economist Calls For Cash Ban, Urges Negative Rates

Just three short years ago, Bank of England chief economist Andy Haldane appeared a lone voice of sanity in a world fanatically-religious Keynesian-esque worshippers. Admissions in 2013 (on blowing bubbles) and 2014 (on Too Big To Fail “problems from hell”) also gave us pause that maybe someone in charge of central planning might actually do something to return the world to some semblance of rational ‘free’ markets. We were wrong! Haldane appears to have fully transitioned to the dark side, as The Telegraph reports, he made the case for the “radical” option of supporting the economy with negative interest rates, and even suggested that cash could have to be abolished.

Speaking at the Portadown Chamber of Commerce in Northern Ireland, as The Telegraph reports, Mr Haldane’s support for a possible cut in rates came as the Bank as a whole has signalled that the next move in rates would be up