Snapshots of some world events of paricular importance         


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When I got into the industry more than 50 years ago, finance was an adjunct to the real economy.
Basically it was used to finance real growth. But today it’s become the dominant factor in the world.
That is, finance is running the world and the real economy is kind of a sideline. It’s the adage about the tail wagging the dog.
But in this instance the tail is swinging the dog around the room and banging it off all four walls until it’s comatose.
And that’s basically what’s happening to the real economy -- it’s going to be comatose before this is over. --
John Embry
Hungarian Prime Minister Viktor Orban has hit out at George Soros and the European Union as the statesman’s war of words with the Hungarian-American billionaire continues to escalate.

During a state visit to Romania Orban accused Soros of using the EU in order to create a "new, mixed, Muslimized Europe,” according to AP.

The prime minister said that Soros is now more powerful in Brussels than in Washington or Tel Aviv and he argued that European institutions should fight to limit his influence, reported Hungarian newspaper Magyar Nemzet. ...

See the full story @ Russia Today

 

 

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