Showing 7609 Results for euro
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Showing 7609 Results for euro
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July 19, 2015
Rome, perhaps the first European capital city to be on the verge of bankruptcy, demonstrates that in economics, nothing is eternal. Governments everywhere are in trouble thanks to decades of corruption and socialism. Taxes have only risen, never declined, and laws are enacted so if you do not pay, they just come and seize your […]
July 19, 2015
As long as there are people who still believe that the gold market is uniquely manipulated, rather than simply in sync with the world economy, then the sad truth remains that we have not yet seen the bottom of the slide in gold prices just yet. Gold’s weakness led to a brutal sell-off among the […]
July 18, 2015
A growing number of REAL scientists are coming out, warning that we are moving back to a mini ice age. I have explained that when I saw a presentation of the energy output of the sun derived from the ice core samples taken from the North Pole back in the 1990s, it matched up with the […]
July 16, 2015
Yesterday, dealers spent most of the day waiting for the Greek vote and then, later in the day, Janet Yellen’s semi-annual HH (Humphrey Hawkins) testimony in front of the House Financial Services Committee. The Greek vote was rather well publicized throughout the day and confirmation that the measures would be accepted should be no huge surprise. With […]
July 16, 2015
What actually constitutes the Long Depression has been debatable, for at first it was called the Great Depression, and then that title was transferred to the 1930s. Consequently, some limit the term Long Depression to the worldwide price recession beginning in 1873 and running through the spring of 1879. Six years is not exactly a “long” depression, that in […]
July 15, 2015
When the Great Depression began, over 8,000 commercial banks belonged to the Federal Reserve System, but nearly 16,000 did not. There were still state banks that were not members. Those non-member banks operated in an environment similar to what existed before the Federal Reserve was first, established back in 1914. People criticize the Federal Reserve […]
July 15, 2015
Even the IMF has come out now to warn that Greece may need a complete debt write-off. This is sending an economic earthquake through Europe, for it undermines the political position of Merkel entirely. There is no doubt about this: Greece cannot pay and cannot raise taxes while simultaneously having any viable economy. This is […]
July 14, 2015
Whenever there is some political deal, it is NEVER what they present to the public with such magnanimous fanfare. There is always a hidden agenda. Here, Obama tells the American people this deal will prevent Iran from gaining nuclear weapons. Why the sudden change of heart? Surely, negotiations could have produced the same result five years ago. […]
July 14, 2015
The story of a possible lawsuit against Goldman Sachs over hiding Greek debt is starting to make the press. We do most certainly live in interesting times. The Independent is now reporting that a leading adviser to debt-riven countries has offered to help Athens recover some of the vast profits made by the investment bank Goldman Sachs […]
July 14, 2015
There have been many attempts at creating a gold standard and this notion that money should retain a value yet simultaneously people want to earn more with rising wages and assets values. Even Merkel’s “austerity” is a derivative of this idea that money should be somehow tangible in value yet simultaneously Euroland allows for […]