In Italy, the majority of voters endorsed parties that had promised to reverse the financial sacrifices Italy had promised its European partners or at least temper them. This whole European austerity program will tear Europe apart and the Euro will not survive. The attenpt to create a single currency without a single debt was the […]

Stocks on Monday suffered their biggest drop since November after a strong showing in Italian elections by groups opposed to the country’s economic reforms. Of course the markets are just confused for anyone who really thinks that Europe’s debt problems have been solved must be smoking something. This is nothing. Then we have the September […]

Portugal is in a massive deep recession with GDP growth coming in more than a negative 1%. Portugal has announced it may cut the corporation tax to boost growth and investment. They are starting to realize that the youth have no jobs. You keep raising taxes and people leave. More than the tax rate, I […]

It is vital to understand that what we face is by no means the plain vanilla version of governments just printing into hyperinflation. These people are fighting back as is ALWAYS the case with core and major economies. The German hyperinflation took place AFTER a revolution with a unstable government that lacked credit. When there […]

The French Socialist MP Yann Galut, the deputy chairman of the new Commission on Tax Exile, told the press he intended to target French who have left the country and go after their assets regardless where they live. In a book I hope to have finished this year, I have covered the collapse of every […]

The ultimate price of Marxism is striking its deep blow into the very heart of Western Society. We are about to learn the VERY same lesson that both Russia and China had to learn. You cannot control society through its economy by dictating prosperity. President Karolos Papoulias of Greece has come out and made a very […]

Why do cycles work? Because indeed history repeats since the passions of man never change regardless of the centuries. The majority are always wrong for like Marx, they ignore HOW things function and prefer to believe only WHAT pleases their expectations. It is not that someone need be clairvoyant, all they need do is read […]

Tens of thousands of anti-austerity demonstrators, who included members of the pro-communist union PAME, gathered during a protest in Athens on Wednesday, Feb. 20, 2013. Perhaps 40,000 filled the streets of Athens as unions staged a massive general strike to protest government spending cuts and tax hikes. It is widely criticized that these austerity measure will […]

The key support on the weekly level in gold lies at 15795. A weekly closing below that will  eventually be followed with a test of the 14100 to 14600 level. This is the bottom of the channel where gold should eventually test. The time for a rally in gold remains after 2015.75. This has been […]

The chaos in gold is typical. Already, the hate mail has begun. “Stop the Bullshit” one said because demand in Shanghai is at record highs.It takes far more than one country to make a bull market. Others just blame me for the decline because they just listen to those who always say buy. The New […]