Yearly Archives: 2013

Thought The Euro Crisis Was Over? These 18 Charts Show The Real Crisis That Lies Ahead

"The latest Eurostat unemployment figures released today remind of a far bigger problem that the eurozone now must face – staggering levels of youth unemployment across the region. Governments on the euro periphery – which desperately need to institute difficult economic reforms to put budgets on sustainable paths – receive little support from a younger generation that feels like its opportunities and its future have been crushed already by the very same actors." Continue reading →

Continue ReadingThought The Euro Crisis Was Over? These 18 Charts Show The Real Crisis That Lies Ahead

Doug Casey – Let’s Do A Tour Around The World

"I think time is growing short, as the economy emerges from the eye of the current hurricane. After which it will encounter several more even bigger ones. There you have it. But don't look at this as idle information. I suggest you allocate some time, call your travel agent, and get going." Continue reading →

Continue ReadingDoug Casey – Let’s Do A Tour Around The World

North Korea Enlists German Help to Prepare Economic Opening

"Pyongyang may be preparing to open up its economy. A report in a prominent newspaper claims the regime has enlisted the aid of German economic and legal experts to lay the groundwork for foreign investment in North Korean companies. The move could be made as soon as this year. Still, even as there are many in the country's leadership who are in favor of opening up the country to investments from Japanese, South Korean and Western companies, the professor the paper cites notes that it is far from a done deal. 'The military in North Korea,' he told the paper, 'will not want to give up power.'" Continue reading →

Continue ReadingNorth Korea Enlists German Help to Prepare Economic Opening

Turkish gold exports rise 800 pct on demand from Iran

"Turkey is Iran's biggest natural gas customer but Western sanctions prevent it from paying Tehran in dollars or euros. Iran is instead paid in Turkish lira - of limited value on international markets but ideal for buying gold in Turkey. Couriers carrying millions of dollars worth of gold bullion in their luggage have been flying from Istanbul to Dubai, where the gold is shipped to Iran, industry sources with knowledge of the business told Reuters last year. New sanctions are due to take effect in February and could include measures to try to curb the trade." Continue reading →

Continue ReadingTurkish gold exports rise 800 pct on demand from Iran

America’s tactical interests cannot dictate Britain’s sovereign destiny

"The White House does not want to be distracted by internecine European disputes as it switches its main focus to the Pacific Rim – the 'Asian Pivot' – and deals with the really dangerous issue of China’s maritime conflict with Japan and South East Asia. But at the end of the day, the British people cannot let America’s taste for tidy structures in Europe determine policy on matters that go to the heart of our democracy and sovereign self-government. For me the snapping point was the disgraceful saga of the European Constitution, which I covered in minute detail as it wended its way through the Convention." Continue reading →

Continue ReadingAmerica’s tactical interests cannot dictate Britain’s sovereign destiny

Now Greece Bans Cash – Again

"Greece is going to ban most cash transactions. As of last year, cash transactions over 1500 euros were banned. This moves the ban down by 1,000 euros. In fact, the Greek Parliament is voting today on a new tax bill that broadens the tax base to raise another 2.5 billion euros, and also introduces new annual income thresholds for salaried taxpayers. It does away with tax breaks for the self-employed. Entrepreneurs have emerged as the latest 'bandits' in Greece's ongoing efforts to bleed the wretched Greek carcass of its last available drop of revenue. Government benefits have been slashed, taxes raised and Greeks are being pursued with maniacal determination." Continue reading →

Continue ReadingNow Greece Bans Cash – Again

Jim Grant Exposes “The Bureau Of Money Materialization” And A Submerging America

"Jim Grant spends exactly the correct amount of time (zero) discussing the 'urban myth' of the trillion dollar coin in this brief interview on CNBC; instead deciding to try and strike up some intelligent understanding of the dire situation we face. By providing context for our massive 16 trillion dollar debt (360 million pounds of $100 bills), and explaining how exponential the idiocy has become, Grant brings us full circle." Continue reading →

Continue ReadingJim Grant Exposes “The Bureau Of Money Materialization” And A Submerging America

Peter Schiff Doubles Down on Inflation Prediction

"Schiff looked at Bureau of Labor Statistics price changes for 20 goods and services between 1970 to 1980 and again between 2002 and 2012, decades that Schiff says were both periods of large deficits and loose monetary policy. Schiff found that his basket of goods increased 61% faster than CPI for the period between 2002 and 2012. In contrast, his basket rose just 5% faster than CPI from 1970 to 1980. 'How can you believe these statistics when the numbers are so flawed?' Schiff asks in response to his research on CPI." Continue reading →

Continue ReadingPeter Schiff Doubles Down on Inflation Prediction

Obama mocks Lew’s loopy signature: Don’t devalue the dollar with illegible writing

"President Barack Obama jokingly joined in criticism of Jack Lew’s signature on Thursday, urging his Treasury nominee to change it before it appears on the greenback and risks devaluing the dollar. Lew’s doodle-like eight-loop signature — a cute but utterly undecipherable scrawl described as an 'unraveled slinky' by one graphologist — has quickly drawn more media buzz than the budget guru’s politics." Continue reading →

Continue ReadingObama mocks Lew’s loopy signature: Don’t devalue the dollar with illegible writing