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S.J. Kerrigan

Tag Archives: European Debt Crisis

Poland Confiscates Retirement Accounts and Yes, It’s Coming Here

By S.J. Kerrigan | Published: September 9, 2013

Poland recently announced that it was nationalizing the country’s private retirement accounts, their equivallent of 401(k)s. While residents will continue to have access to the funds just as they normally would, the move places private assets on the country’s public balance sheet. While this maneuver was in the works for sometime, of course, the devil […]

Posted in News | Also tagged Financial Crisis, Regulation | Leave a comment

US, UK, and Canada Have Plan To Allow Banks to Seize Depositor Accounts

By S.J. Kerrigan | Published: April 4, 2013

In our last story, we noted how government backed loans in the housing market encourages rising home and rent prices throughout the nation, a transfer of wealth from almost every single American to various establishment organizations. Now we have another example of banks transferring risk to the taxpayer. The term “Too Big To Fail” should […]

Posted in News | Also tagged Banks, Financial Crisis | 1 Response

Is Greece an Omen of a Future America?

By S.J. Kerrigan | Published: October 9, 2012

Imagine sitting on a beach. The tide is out. Things look static. You’ve set up your chair, beach towel, maybe you’ve even constructed a little sand castle. The tides come in slowly at first, then without warning a big wave comes rushing toward you, swamping you and your belongings. We think we’ve learned from history. We […]

Posted in Opinion | Also tagged Greece | 1 Response

Tyranny Engulfs Europe: Neo-liberalism in Greece and Spain

By S.J. Kerrigan | Published: April 17, 2012

When I was a child, friends and I would waste time on the railroad tracks behind my house. The funny thing about industrial trains is that you’d think the massive hulk of steal and engine would be audible from a mile away and yet we continued to find ourselves surprised at how silently it approached. […]

Posted in Opinion | Also tagged Banks, Greece, Privatization, Spain | Leave a comment

The Great Privatization

By S.J. Kerrigan | Published: March 27, 2012

We’ve already discussed at some length how increased spending, especially in medical entitlements, will ultimately lead to a serious budget and currency crisis. While no one knows exactly how or when the crisis will unfold, we can make certain predictions about the US government’s response. It’s reasonable to suggest they will act similarly (although not […]

Posted in Opinion | Also tagged Privatization, Regulation | Leave a comment

The Secret Conception of the European Super State

By S.J. Kerrigan | Published: November 19, 2011

The UK’s Telegraph reported yesterday on the leak of a German memo in which the economic powerhouse intends to create a new “super state,” whereby they will be able to control the economies of European nations.  So much for national sovereignty. This is the kind of arrangement that only a few years ago would have […]

Posted in Opinion | Also tagged Banks, Financial Crisis, Privatization | Leave a comment
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