Spain’s  Bankia headquarters in Madrid Europe’s top banks cut 80,000 more staff in post-crisis overhaul reported Reuters. The economic implosion in Europe from the destructive design of the Euro is just unbelievable. The politicians will not admit any mistake and still seek to just grab money from depositors to firm-up a mess they created.

  The theme of the conference seems to be spot on. Besides both civil unrest rising, international war potential in Korea and Eastern Europe, then there is the sovereign debt crisis that is brewing. For those who though the dollar would collapse and we would all be using yuan and rubles, well the Chinese government […]

Putin just has to sit back and watch for with two months before the European elections, the season for protests has begun. Literally, tens of thousands in Paris and Rome have taken to the streets demonstrating against the austerity policies of their governments that line their pockets and the bankers. Masked demonstrators fought before the Ministry of Economic Affairs […]

The Baltic Dry Index falls for fourteen days in a row and is on a record low.The index shows the volume of world trade by sea. The collapse of the index warns shipbuilders are in the crisis, as demand for new container ships is rapidly declining in the West.

While everyone wants to claim the problem is the rich have too much, that justifies government taking more. They fail to realize that the “rich” are not the ones with armies and guns pointed at people. They also are in a declining mode as well. The ONLY issue is government is taking TOO much. They […]

Just what we need – another economist with ZERO real work experience. The latest economist destined to destroy the world in the same manner as Karl Marx is Thomas Piketty and his new book Capital in the Twenty-First Century that is destined to perhaps kill more people than Marx ever did. Piketty is only focused on the […]

We have direct contacts in Donetsk. We reported previously that Russians were seen there weeks ago. However, there have now been gun battles in Sloviansk, and the Pro-Russian activists/mercenaries have taken government buildings in  Kramatorsk and Druzhkovka as well while there are reports of similar activity in the cities – Mariupol and Yenakievo. Nevertheless,in Sloviansk and […]

  For years I watched the at Justice Department prosecute anyone who competed against New York destroying firms like Drexel )Philadelphia, REFCO (Chicago) and countless small brokers who were inching up too close to New York, They went after Frank Quatrone of First Boston because he stole the IPO business from NYC.  If you compete […]

Putin is staring straight into the eyes of a dead Europe whose governments are being consumed with Marxism, corruption, and self-interest – the same thing that destroyed Russia – go figure. He has stated that the collapse of the Soviet Union was the greatest tragedy of the 20th century. Nonetheless, he is not entirely blind […]

QUESTION: You recently said that the wealth of a nation is not its gold. How can you justify that? B ANSWER: Sorry. Gold was a Western thing – not East. China never issued gold coins, so does that mean they should not exist? When war takes places, Britain abandoned the gold standard as did the […]