Category Archives: Financial

The Genius of Mutual Indebtedness – Nigel Farage

httpv://www.youtube.com/watch?v=TN_1mF-3JTI Transcript: “Another one bites the dust. Country number four, Spain, gets bailed out and we all of course know that it won’t be the last. Though I wondered over the weekend whether perhaps I was missing something, because when … Continue reading

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Greece Is Leaving the Eurozone – Follow the Bank Run

Greece is leaving the Eurozone. Follow the logic: Greece leaves the Eurozone, defaults on all debt and issues a new Drachma after The newly elected Syriza government tells Germany they will not accept any conditions on their sovereignty after The … Continue reading

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Germany Joins with Great Britain: No EU Banking Union

The Bundebank’s vice-president Sabine Lautenschlaeger hammered home the point in what is a clearly co-ordinated push to kill the plan. “The result would be a pooling of the governments’ liabilities through the back door,” she said. Photo: Alamy The German Bundesbank … Continue reading

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Bank Runs and Border Closings

Are currency controls and bank runs in our future? Recent reports indicate that 100 Billion Eurodollars have recently left Spain as residents fretted about the safety of their money and approximately 10% of Italian capital has  fled the country.  In … Continue reading

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North Carolina Can Learn From North Dakota

Taxes have become so ingrained in our culture that we now believe it is our obligation to pay them. How much should we pay? As Republican Cherokee County Commissioner Lori Meltz wrote me concerning property taxes: I must pay my “fair … Continue reading

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The Consequences of Debt: Americans’ Wealth Plummets 40% in Three Years

What will likely become a major campaign issue is the state of Americans’ wealth. Based on the following report from the Federal Reserve, the average American family’s wealth has decreased 40% from 2007 to 2010. The actual drop if you … Continue reading

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Here We Are Six Months Later

httpv://www.youtube.com/watch?v=aKpE0HqJtow Fool me once, shame on you. Fool me twice, shame on me. Fool me twenty-two times: I stopped listening after two times. You only think I believe your propaganda. David DeGerolamo

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Nigel Farage & Red Ken Livingstone on collapsing Eurozone

httpv://www.youtube.com/watch?v=OxgwI-0Sozg Labour Ken Livingstone agrees with UK Independence party leader Nigel Farage that the Eurozone must breakup.

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Germany, Not Greece, Should Exit the Euro

All the debate about the pros and cons of a Greek exit from the euro area is missing the point: A German exit might be better for all concerned. Unless Europe’s leaders take some kind of radical action, such as adopting … Continue reading

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Musings on Tim Geithner

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Biderman’s Daily Edge 6/6/2012: End Game Nearing for European Banks

httpv://www.youtube.com/watch?v=cfPJu-CeNks#!

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Facebook Collapses – Reality Is Sinking In

blue line = DJIA              green line = Facebook The stock market is currently experiencing a rally based on the “certainty” of quantitative easing III by the Federal Reserve. While the majority of companies are … Continue reading

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Time to Buy Gold

For the first time on record (based on Bloomberg’s data) 5-year / 5-year forward inflation expectations turned negative today. This kind of deflationary impulse has occurred twice in recent years and each time has been accompanied by dramatic Federal Reserve … Continue reading

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Moody’s Downgrades Six German Bank Groups, And Their Subsidiaries, By Up To Three Notches

From Zerohedge.com: First Moody’s cut the most prominent Austrian banks, and now it is Germany’s turn. The full downgrade Matrix: Frankfurt am Main, June 06, 2012 — Moody’s Investors Service has today taken various rating actions on seven German banks … Continue reading

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A New Type of Russian Bear Is Awakening

The Russian economy is starting to be affected by fear: politically and economically. Putin has solidified his choke hold on Russia and is looking to extend his “influence” in the Middle East and Europe. Not a good combination for the … Continue reading

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