30 Things You Should Do To Prepare For The Imminent Economic Collapse

See more at The Economist – economy politics news

Plan for the worst hope for the best. Think of it as insurance against a possible future event.

Published in: on May 10, 2017 at 09:21  Leave a Comment  
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Iceland Has Offered Foreign Bondholders A “Choice”: Sell Now, Or Have Cash Impounded Indefinitely

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Iceland has had a difficult past few months politically, as its Prime Minister Sigmundur David Gunlaugsson became the first casualty of the Panama Papers.

Economically however, the story is more upbeat, as the country has rebounded since the financial crisis. The Icelandic Krona has stabilized against the Euro, the rate of change in inflation has slowed, and the country has recorded year-over-year growth in GDP each year since 2011.

However, in a shocking turn of events, a law passed on May 22 by Iceland’s parliament is offering the foreign holders of about $2.3 billion worth of krona-denominated bonds a choice of either selling out in June at a below-market exchange rate, or have the money they receive upon maturity be impounded indefinitely in low interest bank accounts. In other words, Iceland is trying to kick out foreign investors.
Read more at zerohedge.com

Published in: on June 3, 2016 at 06:55  Leave a Comment  
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‘Basic income’ poll: 64% of Europeans would vote in favor, 4% would stop working

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Most Europeans support the idea of a “basic income” paid to every individual to cover their basic needs, according to the first EU-wide survey on the subject. Governments would pay the same amount of money to each person, regardless of whether they work.

The poll, conducted by German company Dalia Research in April, was the first EU-wide survey to address the proposal of a basic income, defined in the poll as “an income unconditionally paid by the government to every individual regardless of whether they work and irrespective of any other sources of income.”

The preliminary results found that about 58 percent of respondents were aware of the idea of a basic income, and 64 percent would vote in favor of the policy in a referendum.
Read more at www.rt.com

I would reduce my hours and spend more time working on alternative issues. (Forsooth)

Published in: on May 25, 2016 at 06:25  Leave a Comment  
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Canada plans to experiment with giving people unconditional free money

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Finland and the Netherlands have already shown their interest in giving people a regular monthly allowance regardless of working status, and now Ontario, Canada is onboard.

Ontario’s government announced in February that a pilot program will be coming to the Canadian province sometime later this year.

The premise: send people monthly checks to cover living expenses such as food, transportation, clothing, and utilities — no questions asked.

It’s a radical idea, and one that has been around since the 1960s. It’s called “basic income.” In the decades since it was first proposed, various researchers and government officials have given basic income experiments a try, to mixed results.

Read more at www.techinsider.io

Published in: on March 14, 2016 at 07:55  Leave a Comment  
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