The conspiracy camp all but concluded that the Amero would be issued by 2010 as a product of the North American Monetary Union, which some argued was to be part of NAFTA. It made for a great prediction; in Canada, they were calling it just USA and Canada. The idea never gained fundamental support politically and […]

Any hope that Greece will now negotiate with its creditors should help to hold the euro for now. But keep in mind that Brussels has still not changed its mind or its philosophy. It is going to take more than just Grexit. Eventually, Greece will have to leave. There will be no choice and its […]

PHOTO: Distraught 77-year-old Greek retiree, Giorgos Chatzifotiadis, falls to the ground outside of a bank in Thessaloniki, July 3, 2015. (AFP: Sakis Mitrolidis) The mainstream news is painting the Greeks as the bad guys, and the Troika as the savior of Europe. Quite frankly, it is really disgusting. Pictures of an elderly Greek pensioner have gone […]

QUESTION:  Hi Martin, Since one year now I follow your blog and I see most things unfolding exactly as you describe. Although I do not agree with all points (climate change) I understand that personal opinion is not what will save us. Your computer and your comments give people insight in the mechanisms of how […]

The bond markets were the talk of the city today in London with continued uncertainty putting a bid under the street. Bunds were up over one and half points in early trade and although peripherals followed (BTP’s +70 cents) the gap just increased. Ten year Treasuries in late trading hit 2.20% — despite printing 2.31 in early Asia. […]

German Chancellor Angela Merkel and her French counterpart Francois Hollande have called on Greece to make “serious” proposals. There is no such thing as debt forgiveness, as the German’s received in 1953. Merkel sold the euro under the pretense that there would be no bailout for southern Europe; any money lent must be repaid. So it […]

OK. Let’s try to explain Europe a different way. What if the USA adopted a policy that said NAFTA (North American Free Trade Agreement) should move from a trade union of Canada, Mexico, and USA, to a monetary union. Both Canada and Mexico abandon their currencies and adopt the dollar. Canada would find things go up in […]

Some readers sent in comments that my use of the phrase “World War III by economic means using the pen” was harsh, so let me state this very clearly. Brussels and the Troika will NEVER back down. To them, the euro is irreversible and they refuse to see that their policies are dead wrong. Proof that this […]

The people we have been speaking to in Greece are confused and puzzled as to what will happen next and are anxious to see how things play out over the next couple of days. That said, the morning after feeling is one of great pride and determination to face what comes their way. Contrary to popular messages, […]

Yanis Varoufakis, Greece’s finance minister, quit because he personally clashed with other finance ministers, whom are clueless. I have listened to Varoufakis articulate the problem through his political assessment. Varoufakis is very smart and has at least a global view. Moreover, he is resigning for what he thinks is the good of his country. Not […]