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acting-man.com / By Pater Tenebrarum / May 9, 2013
The German Revolution of 1918 that brought to power the Weimar Republic, had actually invited the Russian Communists to come take control of Germany. This is why Germany went into hyperinflation. ALL wealth went into hoarding. There was nothing to be found anywhere. [...]
thedailybell.com / By Staff Report / Wednesday, May 08, 2013
Is Europe losing faith in the EU ? Happy Europe Day! … If you do not know 9 May is Europe Day, then you find yourself in good company with A Majority of Europeans. Even in the most buoyant time, this holiday [...]
thedailybell.com / By Staff Report / Wednesday, May 08, 2013
Federal Europe wants to be ‘a reality in a few years’, says Jose Manuel Barroso … A fully fledged federal Europe may seem like “political science fiction” today but will soon become reality for all European Union countries Whether inside or outside the euro [...]
dollarvigilante.com / By Jeff Berwick / May 8, 2013
Welcome to Europe where the vultures aren’t hanging back and waiting for things to die anymore. Thanks to the government, the Griffon vulture is showing a little more initative, being proactive, and moving a notch upward on the food chain from scavenger to [...]
acting-man.com / By Pater Tenebrarum / May 7, 2013
Deficit Spending is Just Fine
It was clear that once enough time passes without further market pressure, politicians would seize the opportunity to return to their bad habits in full force. In the forefront of the EU’s ‘anti austerity’ movement we find – [...]
zerohedge.com / By Tyler Durden / May 7, 2013, 11:03 -0400
The debate rages… Soros: ”The euro crisis has already transformed the European Union from a voluntary association of equal states into a creditor-debtor relationship from which there is no easy escape. The creditors stand to lose large sums should a member state exit the [...]
In this NASA image released 09 July, 2003, St. Thomas, St. John, Tortola, and Virgin Gorda are the four main islands (front to back) of this east-looking view of the U.S. Virgin Islands and British Virgin Islands, along the northeast perimeter of the Caribbean Sea. (AFP/NASA)
marctomarket.com / By Marc Chandler / TUESDAY, MAY 7, 2013
This is an important day for Portugal. It is selling 10-year bonds for the first time in more than two years. Demand is reportedly strong. Today’s 10-year sale follows the 5-year bond sale in January and heralds to full return of Portugal to the capital [...]
German euro founder calls for ‘catastrophic’ currency to be broken up … Oskar Lafontaine, the German finance minister who launched the euro, has called for a break-up of the single currency to let southern Europe recover, warning that the current course is “leading to disaster”. [...]
The European Commission published its highly anticipated spring forecasts on Friday, predicting a French slide into recession this year, with its economy projected to shrink by 0.1 percent.
Mr Lafontaine said on the parliamentary website of Germany’s Left Party that Chancellor Angela Merkel will “awake from her self-righteous slumber” once the countries in trouble unite to force a change in crisis policy at Germany’s expense.
telegraph.co.uk / By Ambrose Evans-Pritchard / May 5, 2013
Oskar Lafontaine, the German finance minister who [...]
The EU continues its chainsaw juggling act. The austerity pledge from France is holding about as well as its Maginot Line, while Greece has sworn to meet its fiscal targets in 2014 20152016 soon, and the Italians promise they’re going to kick some serious fiscal [...]
acting-man.com / By Pater Tenebrarum / May 2, 2013
Bizarre Theories
It is really astonishing what passes for ‘economic logic’ these days. A favorite mainstream meme regarding the euro area is the perverse plan to make things better for everyone by making them worse for Germany. You would think that our bien pensants should [...]
blog.milesfranklin.com / By Bill Holter / May 1, 2013
Supply is first to go away… then goes price. We saw back in 2008 the very same scenario as we have today only in a milder form at the time. Supply of metal became very tight as the paper price was crashed, then all of a [...]
blog.milesfranklin.com / By Bill Holter / April 30th, 2013
Though you haven’t heard a peep out of the media, the Cyprus parliament will vote today on their own financial execution. They have basically 2 choices, they can vote themselves out of the EU and everyone loses their bank balances… or they can remain in [...]
thedailybell.com / By Staff Report / TUESDAY, APRIL 30, 2013
There will be more wealth confiscation, without a doubt’ … Savers and investors face further “wealth confiscation” in Europe as the continent struggles to resolve the single currency’s problems, a bank chief has said … European politicians will take the “easy option” of taking money [...]
zerohedge.com / By Tyler Durden / April 30, 2013, 08:03 -0400
It appears the Eurozone Stockholm Syndrome of absolutely (mutual, but ignore that) Assured Destruction has once again bloomed in tiny Cyprus, where capital controls have now had their one month birthday despite promises for a “very short duration” by the IMF’s Lagarde, yet where [...]
marctomarket.com / Marc Chandler / MONDAY, APRIL 29, 2013
The US dollar is trading heavily against the major and most emerging market currencies. Even though Tokyo markets were closed, the dollar extended its pre-weekend losses against yen in Asian activity before steadying in the European morning. The euro and peripheral debt markets have reacted positively [...]
marctomarket.com / By Marc Chandler / SUNDAY, APRIL 28, 2013
The weekend has produced five talking points. The leaked French Socialist draft document that was critical of Germany (and the UK) and the Bundesbank’s letter to the German Constitutional Court objecting to the ECB’s Outright Market Transactions do not really reveal anything new and we [...]
thedailybell.com / By Staff Report / April 25, 2013
The Austerity Movement Is Crumbling … The big news in economics last week was the paper by a UMASS Grad Student showing that economists Kenneth Rogoff and Carmen Reinhart had made an Excel spreadsheet blunder in their famous paper arguing that as debt-to-GDP goes above [...]
Italy’s business lobby Confindustria said this week that austerity policies had caused ‘devastating damage, comparable with a war’
telegraph.co.uk / By Ambrose Evans-Pritchard / April 24, 2013
Old ways die hard. Two months after Italian voters rebelled in fury against the establishment, the country’s elites have chosen yet another insider to be leader.
thedailybell.com / By Staff Report / April 23, 2013
Limit Austerity, EU Official Says A top European Union official signaled his support Monday for relaxing Europe’s austerity drive, in what could be a significant break for countries struggling to hit tough budget targets amid persistent economic weakness. In a speech, European Commission President José [...]
deviantinvestor.com / By GE Christenson / April 23, 2013
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 from depositors) is THE template to fund bank failures [...]
acting-man.com / By Pater Tenebrarum / April 23, 2013
Rapacious Governments
It turns out now that the recent ‘journalistic coup’ (yeah, right…bridge in Brooklyn anyone?) revealing the identities of hundreds of thousands with accounts and companies registered in tax havens seems indeed part of a concerted campaign by the eurocracy to utterly destroy what is [...]
“In my original ideas about the film, the ministry didn’t know whether there were terrorists out there or not because over the years they had so many counter agents and counter-counter agents out there and agent provocateurs who maybe set explosions to lure people in. The people lost track of whether there really were terrorists or not, but the important thing is the belief in terrorists had to be maintained to allow the ministry to continue to survive. Originally the film was called The Ministry. It was really about the survival of an organism like a great bureaucracy that will do anything to keep itself going.." - Terry Gilliam on Brazil
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