Tag Archives: Euro

Carpe Diem, Quam Minimum Credula Postero

Via Mark J. Grant, author of Out of the Box, (Latin) “Seize the day, put no trust in tomorrow.” Tomorrow, September 4, 2012 will be a defining moment. Mr. Draghi will release to the European Central Banks his plan to … Continue reading

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How Do You Know When Europe Is Close to Collapse?

Royal Dutch Shell is pulling its cash out of Europe. That is a clear sign that Europe’s lingering demise is close to collapse. The reasons for removing cash due to a “shift in willingness to take risk” is irrelevant: they … Continue reading

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There Goes Spain

The people in Spain are protesting throughout the country as the austerity measures have cut government payrolls and services. The country cannot afford to borrow money at 7.3% to finance its debt. Once Finland forced Spain to provide hard guarantees … 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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European Bank Runs on the Horizon According to Top Economic Official for the European Commission

The news concerning the collapse of the Euro and the Euro zone has been non-stop. After 21 Greek bailouts, you would think that the boy who cried wolf would be ignored. Well, actually the world’s economic community has ignored the … Continue reading

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When Will Greece Leave the Eurozone?

Will Greece become the first country to abandon the Eurozone and return to the drachma? My money is on Spain or Italy. Greece’s debt is too small to be of concern compared to the giant collapses about to happen in … Continue reading

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Is the Flight to the Dollar about to End?

An article on Zerohedge.com speculates on how the consequences of the dissolution of the European Union on the value of the Euro. An interesting scenario at the bottom of the article offers a prediction if a partial North-South split occurs. … Continue reading

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Don’t Worry, This Can’t Happen in America

If the Eurozone banks collapse, our banks will collapse within a few days. Whether the government will declare a bank holiday, print more fiat currency or a combination of efforts, you can be assured that the Federal Reserve and Tim … Continue reading

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First They Fled the Markets, Then They Fled the Banks

In response to the cheerleaders who still are elated at the rise of the stock market based on the continuing non-effective bailout strategy for the European Union, here is a dose of reality. Get ready for a worst case scenario … Continue reading

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Markets pricing in endgame for the euro, warns UBS

Markets are “pricing in the endgame” for the euro as the situation moves faster than politicians can act, UBS has warned ahead of a key meeting between eurozone leaders and US President Barack Obama. Mr Obama is hosting this year’s … Continue reading

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EU Contagion Spreading to American Banks

The stock market lost190.57 points today after a report from Fitch Ratings stated what most financial experts already knew: the contagion spreading through the European Union which will collapse their continental economy will also collapse our American banks. As detailed … Continue reading

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Eurozone Collapses – Gold Surges

It looks as if gold sales to cover stock margin calls has bottomed out and gold is on the rise as the new Frankfurt Agreement between Germany and France is reshaping the European continent. Expect Portugal, Spain, Italy and Greece … Continue reading

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There Will Be No Orderly Euro Breakup

http://www.youtube.com/watch?v=UrsL93VnFbo&feature=youtube_gdata”>httpv://www.youtube.com/watch?v=UrsL93VnFbo

  Angela Merkel is warning the members of the Eurozone that the dogs of war are a distinct probability unless the economic crisis is solved. Another option is the breakup of the European Union as shown on the following video … Continue reading

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Stick a fork in the euro, it’s done

The above title comes from a short report on Zerohedge.com outlining the replacement of the Euro in Germany with the Deutsche mark: Curious what the talking heads will be discussing all weekend parallel to the joke that is the European Summit #1, not … Continue reading

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There Goes the Euro

On Thursday, Fitch downgraded the creditworthiness of UK banks Lloyds and RBS, and also Switzerland’s UBS. As the banks start to fail in the European Union and the credit rating downgrades negatively impacts the ability to turn around their collective economies, the … Continue reading

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