A banking union for the Eurozone … The crisis has highlighted the need for, and difficulties with, a Eurozone banking union. This column argues that, to make a union, you need three crucial ingredients: common supervision, a single resolution mechanism, and common safety nets. The power to control and the resources to rescue must work in parallel. Eurozone leaders have taken the first critic...Read More
Introduction to The Road Through 2012: Revolution or World War III … The following is Part I to David DeGraw's new book, "The Road Through 2012: Revolution or World War III." This is the second installment to a new seven-part series that we will be posting throughout the next few weeks … Economic Imperial Operations W hen we analyze our current crisis, focusing on the pas...Read More
Upon the arrival of Columbus in 1492 in the Carabean Islands, unknown to Columbus (and majority of the Eastern Hemisphere), he landed on Islands located in the middle of two huge continents now known has North America and South America that was teaming with huge Civilizations (that rivaled any in the world at that time) and thousands of smaller Nations and Tribes.With recent estimations, the popul...Read More
Lawrence Roulston, Editor of Resource Opportunities, discusses the challenge of identifying a bottom at the 2013 Subscriber Investment Summit in Toronto before the PDAC.Renowned mining industry expert Lawrence Roulston brings you a wealth of mining investment insights in his subscriber supported mining investment newsletter, Resource Opportunities.For More Information, Visit: http://www.resourceop...Read More
27 Mar 2013 - Eric Sprott, Chairman of Sprott Inc. forecasts silver returns will eclipse gold under the strains of global banking crises.Read More
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This December will mark the 100th anniversary of the opening of the Federal Reserve. As we have seen in recent years, there is no institution of economic policy with more power and less transparency than the Fed. The Fed has almost never been held accountable for how it has performed. We have simply assumed that we need a central bank and trusted those in charge to make the right decisions. But th...Read More
Helicopter QE will never be reversed … Readers of the Daily Telegraph were right all along. Quantitative easing will never be reversed. It is not liquidity management as claimed so vehemently at the outset. It really is the same as printing money. It would be better for central banks to put the money into railways, bridges, clean energy, smart grids, or whatever does most to regenerate the e...Read More
Stagnant Wages and Speculation Triggered the Crisis … There's been a lot of debate about just what is at the root of the current economic crisis. Some people have called it a banking crisis. Some people have called it a regulatory crisis. Some people are trying to say it's a debt crisis. Well, there's another line of thought, which is: the underlying issue is that in fact it'...Read More
Why a BA is Now a Ticket to A Job in a Coffee Shop …There's a growing perception out there that a college degree no longer delivers the value that it used to. Too many college kids are living in Mom's basement, or working at Starbucks. Like most personal finance columnists, I get the letters from them: what do I do? How do I fix this? For many, the answer is grad school. But I get th...Read More
This December will mark the 100th anniversary of the opening of the Federal Reserve. As we have seen in recent years, there is no institution of economic policy with more power and less transparency than the Fed. The Fed has almost never been held accountable for how it has performed. We have simply assumed that we need a central bank and trusted those in charge to make the right decisions. But th...Read More
Helicopter QE will never be reversed … Readers of the Daily Telegraph were right all along. Quantitative easing will never be reversed. It is not liquidity management as claimed so vehemently at the outset. It really is the same as printing money. It would be better for central banks to put the money into railways, bridges, clean energy, smart grids, or whatever does most to regenerate the e...Read More
Stagnant Wages and Speculation Triggered the Crisis … There's been a lot of debate about just what is at the root of the current economic crisis. Some people have called it a banking crisis. Some people have called it a regulatory crisis. Some people are trying to say it's a debt crisis. Well, there's another line of thought, which is: the underlying issue is that in fact it'...Read More
Why a BA is Now a Ticket to A Job in a Coffee Shop …There's a growing perception out there that a college degree no longer delivers the value that it used to. Too many college kids are living in Mom's basement, or working at Starbucks. Like most personal finance columnists, I get the letters from them: what do I do? How do I fix this? For many, the answer is grad school. But I get th...Read More
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Even the tepid post-2008 recovery has not been what it was cracked up to be, especially with respect to the Wall Street presumption that the American consumer would once again function as the engine of GDP growth. It goes without saying, in fact, that the precarious plight of the Main Street consumer has been obfuscated by the manner in which the state's unprecedented fiscal and monetary medic...Read More
David Stockman and the cult of gloom … We think of spring as a time of cherry blossoms and renewed hope, as we slough off the depths of winter and ease into the warmer months. These bright days seem a strange time to encounter the by-now widely circulated warnings of impending doom by Ronald Reagan's budget director, and current gadfly, David Stockman. In a long essay in the New York Tim...Read More
BRICS Regimes Forge New World Bank, Call for Global Currency … The governments and dictatorships ruling over the so-called BRICS countries — Brazil, Russia, India, China, and South Africa — agreed to set up a new world bank that analysts say could further marginalize the increasingly unstable U.S. dollar, possibly helping to eventually dethrone it as the global reserve currency....Read More
Economic Crisis Hits the Netherlands … The Netherlands, Berlin's most important ally in pushing for greater budgetary discipline in Europe, has fallen into an economic crisis itself. The once exemplary economy is suffering from huge debts and a burst real estate bubble, which has stalled growth and endangered jobs. – Der SpiegelDominant Social Theme: Northern Europe is doing really...Read More
Britain's debt mountain reaches £1.39TRILLION, equivalent to 90% of the entire economy, ONS reveals … Gross debt at the end of 2012 stood at £1.387trillion, up 7% on 2011 Vast sum is equivalent to 90% of GDP – up from38% a decade ago Figures used to compare UK to the rest of Europe Mounting debts reveal the devastating impact of the 2007 crash … Britain's debt...Read More