The ECB’s monthly spending will include its existing programs to buy covered bonds and asset-backed securities. However, of the added purchases, Draghi said 12% will be debt issued by European Union institutions and agencies, and the rest will be government bonds – 88%. Given the problem that the banks use government bonds for reserves and […]

Our sources in Germany are revealing the silent strategy will be to virtually not recognize the Greek Premier Alexis Tsipras pretending nothing really took place. They are employing the Putin strategy to Greece – our way or no way. German Chancellor Angela Merkel will avoid being drawn into any direct confrontation with Tsipras pretending that the […]

Governments are always causing the crisis – it is not the private sector. The S&L Crisis unfolded when they went around locking up bankers for losing money was just an example. First Congress created tax incentives with tax loophole to stimulate real estate in a one-size-fits-all manner as always. They created a boom in office […]

COMMENT: My wife took our 4-year old Alex to the bank today to open a savings account for him with his piggy bank of about 10k baht ($333.00). The teller noticed he was half Thai and asked if he was American, to which she said he was both Thai and American. The teller: “We won’t […]

QUESTION: Marty Hi I attended your conference in Berlin which was a great insight into your works. However it still took me time to really understand what you have been writing as you foretold of what will happen with Gold. Whilst I took note I did not act and have had the best learning experience there […]

An investigation of the raw data recording temperature, has revealed that once again these academics are manipulating the data to keep billions of dollars flowing into their hands. No matter how many times they are caught, government will not change course because they want to believe in global warming to justify higher taxes. Al Gore […]

  And people think the dollar is in trouble with US debt at $18 trillion? Hello Big Bang!

The outstanding national debt of Greece according to EuroStat was almost 320 billion euros at the end of 2013. The question is how can this crisis be resolved? Merkel is tearing Europe apart and her ideas of austerity are in conflict with the very concept that governments borrow perpetually expanding their debt and never repay. […]

Germany’s spy or intelligence agency, the BND, has been revealed to be gathering some 220 million pieces of metadata from foreign phone calls and text messages per day. They are handing all this info over to top US spy agencies the NSA and the CIA. The problem is, all this data is being cataloged per […]

Country Currncy Code Rate Fixed on Entry Austria Austrian schilling ATS 13.7603 1998-12-31 1/1/1999 Belgium Belgian franc BEF 40.3399 1998-12-31 1/1/1999 Cyprus Cypriot pound CYP 0.585274 2007-07-10 1/1/2008 Germany German mark DEM 1.95583 1998-12-31 1/1/1999 Estonia Estonian kroon EEK 15.6466 2010-07-13 1/1/2011 Spain Spanish peseta ESP 166.386 1998-12-31 1/1/1999 Finland Finnish markka FIM 5.94573 1998-12-31 […]