International

Monday, June 18th, 2012

In spite of the fact that 85% of Greeks want to stay in the Eurozone, I was reasonably confident that Greeks would support Syriza to a first-place finish, and elect a new government willing to play chicken with the Germans.

Monday, June 11th, 2012

Just counting something as a part of "GDP" doesn't actually make it a "product."

Thursday, May 31st, 2012

Bottom line: A roller coaster economy brought to you by Ben Bernanke by his first draining reserves and his then expanding them is the path we are on.

Wednesday, May 30th, 2012

The debt crisis that has ravaged Europe for the best part of three years has exposed a dislike of the single currency but little desire to abandon it, a wide-ranging survey of public opinion found Tuesday.

Thursday, May 24th, 2012

"Collectively, the central bankers of the world might agree that they do not want gold to be remonetized. Individually, it is in their interest to defect from this consensus. As the American Century decays, individual motivations tend to become more prominent. You and I are not in a free market - but the central banks are."

Tuesday, May 15th, 2012
In an April speech in Berlin, Dr. Andreas Dombret, a member of the Executive Board of the Deutsche Bundesbank (the German central bank), offered a startlingly frank assessment of the current problems in Europe.
Tuesday, May 8th, 2012

It was said that the E.U.’s existence was justified in the name of preventing the return of nationalism and fascism to European politics. Well, as a result of the austerity terms imposed upon Greece by their European cousins in Brussels and Frankfurt, Greeks just put a full-blown fascist party into Parliament.

Friday, April 27th, 2012

The GFC is falsely named, since it is more accurately described as a global monetary war with the USGovt vigorously defending its franchise in the USDollar for crude oil and trade settlement, and for bank reserves management. 

Tuesday, April 24th, 2012

Note to the Federal Government: Champagne bubbles are good. The bubbles you've been giving us? Not so much.

Sunday, March 25th, 2012

"To return to sound money, we need to return to the monetary system our founders intended."

Monday, February 27th, 2012
If an inflation tax falls in the forest, and not one in a million understand it, does it make a sound?[1]
Monday, February 20th, 2012
The received wisdom in economic history places much of the blame for the Great Depression squarely on the shoulders of the gold standard.
Wednesday, February 1st, 2012
To follow the development of the Euro crisis it sometimes feels like watching a slow motion movie where we know the final result, but we don't know how is it going to be played out.
Monday, January 30th, 2012

Largest Central Banks Now Hold Over 15 Trillion in Fictitious Capital

By Russ Winter01/27/2012
Friday, January 20th, 2012

Remember, you still need to pull the parachute ripcord even if your altimeter is broken.

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