The video below references Mr. Bass’ research, which identifies problem countries and the importance of their balance of trade. Continue reading
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Economy
With the Fed printing dollars faster than we need them,the Federal Reserves monetary policy will lead to the eventual demise of paper money. Productivity has simply not kept up with the increased paper money supply. Continue reading
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Last year’s debate over raising the US federal debt ceiling eventually resulted in a deal that was supposed to keep the government funded through the 2012 elections; unfortunately, the US could wind up hitting the new debt ceiling at the height of the presidential campaign. There is talk of invoking ‘extraordinary measures’ to keep the government funded through November. Continue reading
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A U.S. dollar collapse is inevitable. It is not the $15 trillion in national debt that is the main concern. The $123 trillion in unfunded liabilities has sealed a coming dollar collapse and foreign countries have now stopped buying dollars and U.S. debts. Continue reading
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“Everyone wants to be optimistic about the economy, but when that optimism is based on bad data, it could
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Recently, the IMF has been arguing that a stronger global firewall is needed. Last weekend, it announced there are now firm commitments from member states to boost its lending power. This bigger firewall has been created because governments around the world are petrified the Eurozone could implode, sparking another ‘Lehman event.’ Continue reading
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Total Spanish banking loans are equal to 170% of Spanish GDP; troubled loans at cajas (Spanish savings banks) just hit an 18-year high; and cajas are drawing a record €316.3 billion from the ECB (up from €169.2 billion in February). Continue reading
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Spaniards who violate the ban will face fines of 25% of the payment made in cash. Continue reading
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In simple terms, ‘the economy’ is a growing number of people trying to meet their needs and wants. More people simply translate into increasingly greater demand for the globe’s limited and ever-limiting resources. Continue reading
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- European Parliament, Strasbourg, 18 April 2012
- Speaker: Nigel Farage MEP, Leader of the UK Independence Party (UKIP), Co-President of the ‘Europe of Freedom and Democracy’ (EFD) Group in the European Parliament
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“The economy was booming in 2000 and 67.1% of the working age population were in the labor force. Today the economy is… Continue reading
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What a complex, confusing and treacherous month, writes Willie. The financial system is breaking down quickly; the most significant factors are the Iran sanctions and their backlash, and Europe’s futile efforts to stem the banking collapse. Meanwhile, anti-dollar sentiment across the globe is gathering momentum. Greece is no longer making headlines; it has been replaced by Spain, with Italy hard on her heels. In the US, there are arguments over whether there will be another round of QE, when it has never actually stopped. Continue reading
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The Eurozone has deeply entrenched economic, financial and political problems. While all the attention used to be on Greece, it’s now on Spain. Will Spanish debt woes spiral out of control? Can they be contained? Continue reading
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Money Morning reports that Keith Fitz-Gerald believes that despite all of its best hopes, Wall Street will never escape what’s happening in the Eurozone.
The 1 trillion euro ($1.3 trillion) slush fund created to… Continue reading
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David Walker, Comeback America Initiative founder & CEO, discusses the federal budget deficit; the presidential race; taxes and the “Buffet Rule,” as well as the high cost of health care. Continue reading
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One of the problems with the debate over US national debt is that there’s no generally agreed-upon definition of that term. Is it what the federal government owes, or what it owes foreigners, or what the whole country, private and public sector together, owes? Does it include off-balance-sheet items and contingent liabilities? Continue reading
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