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   | acting-man.com / By Pater Tenebrarum / April 25, 2013 Italy finally has a new prime minister, Enrico Letta, who is expected to be supported both the center-left (its leader Bersani has recently resigned, as he was unable to get the bloc to vote for his choices for the job of president) and Berlusconi’s center-right coalition. [...] charleshughsmith.blogspot.com / By Charles Hugh Smith / April 25, 2013 Absolutely nothing within the Status Quo can possibly be truly reformed until the default option of doing nothing will guarantee collapse. Even those at the top of the neofeudal debtocracy know our economy and political order need real reform. Behind closed doors, [...] deviantinvestor.com / By GE Christenson / April 23, 2013 Guest post submitted by Deviant Investor A Quick Recap Cyprus: Warn the wealthy insiders, politicians, and Russians, and then steal from the remaining depositors. This will hurt confidence in banks, the EU, and the IMF. Bail-in Plans: Announce that the bail-in plan (steal [...] zerohedge.com / By Tyler Durden / 04/14/2013 21:24 Previously, we have pointed out why Japan’s attempt at reincarnating its economy, geared solely at generating a stock market-based “wealth effect”, and far less focused on boosting the country’s trade surplus or current account, is doomed to failure, namely due the drastically lower equity [...] armstrongeconomics.com / By Martin Armstrong / April 14, 2013 All the governments are now banning together to attack anyone with an offshore account. All they see is taxes, taxes, and more taxes. They are blind to the massive disinvestment that they are creating. Even Canada is getting into the game. They [...] investmentwatchblog.com / April 4th, 2013 Here we go again…. they will do this… it will cause another CRASH… Obama administration pushes banks to make home loans to people with weaker credit The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an [...] ca.finance.yahoo.com / By By Michael Warren, The Associated Press | The Canadian Press – Fri, 29 Mar, 2013 11:20 AM EDT BUENOS AIRES, Argentina – With just hours to go before Argentina has to show its last cards in a billion-dollar debt showdown in the U.S. courts, President Cristina Fernandez seems to [...] dailyreckoning.com.au / By Nick Hubble / March 28th, 2013 Remember when Italy’s botched election was big news? Or when Greece’s impending default threatened the entire Eurozone? What about Germany’s constitutional court ruling on the bailouts? In fact, there is a long list of crises stretching back years that threatened to trigger financial chaos. But [...] zerohedge.com / By Tyler Durden / 03/24/2013 19:49 UPDATE: It appears the ‘deal’ to default/restructure the banks has been designed to bypass the need for parliamentary votes, since it is theoretically not a tax. While we have little color on what kind of carnage the President of Cyprus had to accept to his fellow countrymen, [...] silverdoctors.com / By Deepcaster / March 24, 2013 A Climacteric began in the International Economy and Markets last week. Its Ramifications have not been widely acknowledged. It provides Great Opportunity and Great Risk. Moreover, this Mega-Development signaled that a Great Opportunity Window is beginning to close. And it signaled loud and clear that The [...] wealthwire.com / By Brittany Stepniak / Thursday, March 21st, 2013 Cyprus has set an unpopular precedent; it has given us a grim look into the future. As our global debt bomb grows beyond any hope of sustainability, confiscation could be the next step. Sadly, this threat is real, as demonstrated by the bank bailout [...] yanisvaroufakis.eu / By Yanis Varoufakis / March 20, 2013 By voting down the bailout proposal that would violate the deposit insurance agreement between a member-state of the Eurozone and its citizens (see my earlier post for an analysis), Cyprus parliamentarians offered the Eurozone a reprieve from the stupidest and most potentially destructive [...] http://blogs.reuters.com / By Felix Salmon / March 17, 2013 I stuck my neck out in January, saying that Cyprus was “certain” to default. After all, the Europeans weren’t willing to come up with the €17 billion needed to bail the country out, and EU economics commissioner Olli Rehn told the WSJ’s Stephen Fidler that [...] testosteronepit.com / By Wolf Richter / March 10, 2013, 7:13PM There have been waves of threats by Eurozone politicians to bully people into accepting “whatever it took” to keep the shaky construct of the monetary union glued together. These threats peaked last year with disorderly default, and when that wasn’t enough, with [...] zerohedge.com / By Tyler Durden / 03/06/2013 20:52 The passing away of president Chávez has important implications ranging from the political spectrum to the economical spectrum. These implications will be crucial in assessments of the future of the country. Stratfor’s Karen Hooper provides a succinct summary of the short-term (who will be the interim president [...] A new paper for the US Monetary Policy Forum and published by the Fed warns that the institution’s capital base could be wiped out “several times” once borrowing costs start to rise in earnest. Photo: Reuters gata.org / By cpowell / February 24, 2013 Trade Protectionism Looms Next [...] kingworldnews.com / February 11, 2013 Today billionaire Eric Sprott told King World News that the massive plunge in gold scrap recycling may be removing as much as a staggering 850 tons of gold from world supplies each year. Sprott, who is Chairman of Sprott Asset Management, also warned of a coming default [...] greshams-law.com / By Thomas Gresham / February 5, 2013 If you measure the laxness of a central bank by the magnitude of its balance sheet expansion then there’s been a clear winner in recent years: the Bank of England (which has quadrupled its balance sheet since mid-2008). This leaves the UK at risk of a [...] market-ticker.org / By Karl Denninger / January 29, 2013, 16:33 Oh do c’mon… Delinquency rates on student loans made in the past two years stand at 15 percent in the U.S. as recent graduates struggle to find jobs, Fair Isaac Corp. (FICO) said. “This situation is simply unsustainable and we’re already suffering [...] jsmineset.com / By Jim Sinclair / January 22, 2013, at 4:33 pm My Dear Extended Family, Hyperinflation in the US dollar is considered impossible by some. Some of this opinion is motivated by the concepts and implications of the reserve currency facing such a challenge. Others deny that historical experiences of hyperinflation has causes, which [...] zerohedge.com / By Tyler Durden / January 16, 2013, 15:35 Call it “X Date”, call it “D(elinquent/efault)-Day“, call it what you will: it is simply the day past which the US government will no longer be able to rely on “extraordinary measures” to delay the day of reckoning, and will be unable [...] globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Monday, January 14, 2013 5:31 PM I am pleased to report the debt-limit charade is progressing in order, right on cue, perhaps slightly ahead of schedule. In Trillion Dollar Coin Idea Dies Sudden Death; Treasury, Fed Oppose Using Platinum Coin; Republican Strategy I [...] zerohedge.com / By Tyler Durden / January 14, 2013, 17:02 Following up on today’s relentless debt ceiling propaganda, which started with the Politico report that more than half of republicans are willing to push the US into a “temporary” default, going through Obama’s “We are not a deadbeat nation“, but [...] globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Thursday, January 10, 2013 2:56 PM Of all the over-dramatized nonexistent threats, the silly worry of the day is the US is at risk of default if Congress does not raise the debt ceiling. Earlier today, I saw a couple of articles outlining how and [...] streettalklive.com / By Lance Robert / Monday, January 7, 2013 “RISE ABOVE: THE DEBT THREAT” is the banner on CNBC. Really? Do we really need another 8 weeks of intrigue, countdowns and the proliferations of discussions over another Congressional event? Before we get into the two possible outcomes of the [...]
gainspainscapital.com / By Graham Summers / December 27, 2012 The following is an excerpt from the latest issue of Private Wealth Advisory. In it I outline the relationship between the Fed’s commitment to low interest rates, the scramble for high grade collateral driving the sovereign bond markets, and how the whole mess will eventually [...] golemxiv.co.uk / By Golem XIV / December 20, 2012 It’s not often we get to witness the moment when a leader sells his nation for money. Such a moment occurred in Athens last week. At the behest and on the authority of Prime Minister Samaras and President Papoulias, an amendment to Greek [...] news.goldseek.com / By Przemyslaw Radomski / December 12, 2012 We follow up on our essay on gold and the dollar collapse from December 4, 2012. In that essay, we speculated what could happen with gold if the U.S. defaulted on its debt in real terms. Today, we describe possible scenarios in the opposite case where [...] |
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