On its long journey to the land of bankruptcy, the Western world recently arrived at the last and most important crossroad. One branch led to a 1930s-style collapse under the weight of already-accumulated debt, while the other led to hyperinflation, as printing presses ramp up to stave off collapse. The U.S. didn’t even slow down; [...]

Posts tagged as:
euro
GlobalEurope Anticipation Bulletin (GEAB), a European newsletter that “brings you its unique analyses on the upcoming stages of the collapse of the world order created after 1945, as well as numerous strategic recommendations for your decisions in the political, economic and financial fields” is out with one of its typically provocative theses: That the Greek [...]
While working on a post about what a waste the European bailout of Greece will turn out to be, I found this from Hussman Funds’ John Hussman, who comes at it from an interesting angle: Greek Debt and Backward Induction On Sunday, the IMF approved its 30 billion portion of the 110 billion euro bailout [...]
In response to Why Would Anyone Buy a Spanish Bond?, reader RAID 3000 pointed out that the U.S. has far more serious problems than Europe (no argument there!) and included a link to LEAP2020, a European site doing great work on this subject. One of its articles contained the following chart: This got me to [...]
With Greece hogging the headlines, it’s important to understand that what it represents is more important than what it is. With maybe 2% of Europe’s GDP, Greece is a small economy and by itself can’t cause any real problems. But it does set a precedent for the bigger implosions that will follow. So the real [...]
Wall Street Journal columnist Thomas Frank is by far the most interesting part of that paper’s dull gray Op Ed page. Back in January he suggested that the world’s governments smack down those wing-nut gold bugs by selling all the gold in their central bank vaults — a plan that most gold bugs found hilarious, [...]
Standard & Poor’s is threatening to cut Japan’s credit rating, which doesn’t sound like that big a deal in a world where no one’s credit is quite what it used to be. But Japan is a special case. It’s been borrowing like crazy at rates two or so percentage points below what the U.S. pays [...]
Back in mid-2007 I posted a column titled “Death Spiral” that made some (for that time) extreme predictions. Here are the last few paragraphs: Anyone who thinks the Eurozone welfare states will maintain their composure with the euro at, say, $1.50, simply doesn’t understand how democracy works in this late, decadent stage of its evolution. [...]
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Best of the Web
The Most Damaging Propaganda Campaign in History – Mandelman Matters
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Inflation Versus Deflation Tournament Game 3 – Eric Jasnzen, iTulip
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The Ruling Elite Called – Jim Quinn, Burning Platform
Jim Rickards, Part 2 – King World News
What Should I Do?: The Basics of Preparation (Part I) – Chris Martenson
Jim Rickards Interview – King World News
Mixed Signals – Ryan Puplava, Financial Sense
What Is It? – James Howard Kunstler
Red Alert: Gold Backwardation!!! – FOFOA
Winter Warning – Long Wave Group
The State the Welfare State is In – Bill Bonner, Daily Reckoning
FOA on Hyperinflation – FOFOA
Trichet Challenges Inflationism – Doug Noland, PrudentBear
Sultans of Swap: Gold Swap Signals the Roadmap Ahead – Gordon Long
Feeding the Dragon – Theodore Moran, Scribd
The Big Picture According to TAE – Automatic Earth
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Breaking News
The Economy
7/30
GDP: 3 years of massive downward revisions – Mish
7/30
GDP slows in second quarter to 2.4% rate – MarketWatch
7/30
Business activity in US expanded faster in July – Bloomberg
7/30
Consumer sentiment sags to lowest since November – Yahoo! News
7/30
Cities threaten to cut 500,000 jobs – CNN Money
7/30
Americans buy iPads, broke in new abnormal economy – Bloomberg
7/29
Japan unemployment rate increased to 7-month high – Bloomberg
7/29
Words from the wise – Casey Research
7/29
The new normal: Americans cutting back – Yahoo! Finance
7/29
"A modern-day depression" – Yahoo! Finance
7/29
Europe economic confidence rises as exports improve – Bloomberg
7/29
California approaches "fiscal meltdown" – Mish
7/29
Thursday thoughts - GDP up, jobs down – Phil's Favorites
7/29
Jobless claims in US declined by 11,000 – Bloomberg
7/29
Bill Gross ponders "deep demographic doo-doo" – Mish
7/29
New law exempts SEC from public disclosure – Fox Business
7/28
More furloughs for CA state workers – The Sacramento Bee
7/28
Advice for surviving a "meat-grinder" market – Yahoo! Finance
7/28
Hooray for the economic recovery!...of 2016 – Daily Reckoning
7/28
Durable goods orders fall as growth picture dims – ABC News
7/28
International forecaster July 2010 – GoldSeek
7/28
Niall Ferguson debates himself – Think Progress
7/28
Economic warnings from two respected analysts – GoldSeek
Precious Metals
7/30
GDP = grossly distorted punditry – Kitco
7/30
Silver looks better than gold – Kitco
7/30
Gold's on the cusp of a parabolic move up – Casey Research
7/30
Silver can shine for ETF holders – TheStreet
7/30
Crisis provides investors bargain opportunity – SafeHaven
7/29
Gold down, but radical bugs aren't out – MarketWatch
7/29
Goldcorp, Agnico profits jump – Reuters
7/29
Slicing the salami – Casey Research
7/29
James Turk interview – GoldSeek Radio
7/29
Gold - the battle is already won – GoldSeek
7/28
Will gold coins suffer fate of $10,000 bill? – OilPrice.com
7/28
Gold confiscation: straws in the wind – Casey Research
7/28
Platinum going... platinum? – Kitco
7/27
Gold prices drift lower – TheStreet
7/27
Welcome back, Hecla – 24hGold
7/27
What is George Soros up to in the gold market? – 24hGold
7/26
The U.S. Mint's lame excuse for rationing gold and silver coins – GATA
7/26
Business magazine publicizes gold price suppression scheme – GATA
7/26
A silver lining at $20.78 an ounce! – Sovereign Society
7/26
How to buy your kids a house – Casey Research
7/26
Gold loses more ground after housing numbers – MarketWatch
7/26
Why do US asset managers fear confiscation of gold? – SafeHaven
7/26
The LBMA joins the gold squeeze cover-up – GATA
The Dollar
7/30
A rock and a hard place – Casey Research
7/30
Why more quantitative easing can't be avoided – GoldSeek
7/30
Spain reports 20%+ unemployment – SafeHaven
7/30
More proof of lunacy of EU bank stress tests – SafeHaven
7/29
U.S. close to Japan-style deflation, Bullard says – MarketWatch
7/29
Euro nears level not seen since European bailout package – MarketWatch
7/29
Sovereign debt and currency issues 'likely to reemerge' – CNBC
7/29
Euro rescue fund authorized to sell debt – Bloomberg
7/29
The Fed flashes the nuclear QE trump card – Global Money Trends
7/29
Deflation revisited (the studio version) – Automatic Earth
7/28
The Fed plays the nuclear QE trump card – Financial Sense
7/28
Austrian money supply metrics, now global – True/Slant
7/28
Deflation: the black swan has been sighted – Elliott Wave International
7/28
US dollar stress next? – GoldSeek
7/27
Australian consumer price growth slows on food, recreation – Bloomberg
7/27
"It IS 2008 again. So, what's in PLAY?" – 321Gold
7/27
Influential commentators urge the Fed to raise pace of pumping – 24hGold
7/27
John-Claude Trichet challenges inflationism – Casey Research
7/27
India raises lending rates by 0.25 points to 5.75% – MarketWatch
7/27
Is the US worthy of AAA sovereign rating? – iStockAnalyst
7/26
Ron Paul: We cannot even maintain the zinc standard – Daily Reckoning
Real Estate Bust
7/30
They've lost faith in what they knew – The Housing Bubble
7/30
House prices rolling over down under? – Calculated Risk
7/30
Brookfield to exit housing, pursues pure office play – Bloomberg
7/29
Housing bubble will not be reblown – Mish
7/29
Foreclosures boom among nation's most creditworthy – USA Today
7/29
"Slam-dunk" stimulus? MS = missing something – Calculated Risk
7/29
Ignoring Fannie and Freddie – Minyanville
7/29
Foreclosure activity continues to increase – Washington Post
7/29
A matter of time – 24hGold
7/29
Fixed-rate mortgages drop for sixth week – MarketWatch
7/29
Economic environment for housing slips – Reed Construction Data
7/28
Fannie and Freddie foreclosures increasing – Total Mortgage Services
7/28
N.J. foreclosure filings double – NJ.com
7/28
Deutsche bank shuts commercial real estate adviser group – Bloomberg
7/28
Greek villas marked down 45% as crisis hits – Bloomberg
7/27
Foreclosures reduce home values by 27% – Washington Business Journal
7/27
Don't hold your breath for a bounce in home prices – Associated Press
7/27
Home vacancies rise as US ownership falls to decade low – Bloomberg
Offshore Investing and Privacy
7/28 Offshore investments: what's reportable... and what's not – Mark Nestmann
7/23 Could your offshore jurisdiction go bankrupt? – Sovereign Society
7/09 The biggest tax hikes in America's history are coming – Sovereign Society
7/07 Safe haven from the tax storm – Market Watch
7/05 HSBC clients with Asian accounts said to face US tax probe – Bloomberg
7/04 The tax hazards of a U.S. passport – Mark Nestmann
Clean Tech
7/29 The looming consolidation in car chargers – Greentech Media
7/29 SolarReserve's salty solution for solar thermal – Greentech Solar
7/29
LS9's genetics breakthrough: will it produce biofuels at scale? – Greentech Media
7/29 When electric cars go viral – EV World
7/28 2011: the return of the solar shakeout – Greentech Solar
7/28 What will demand be for lithium batteries? – Seeking Alpha
7/27 Next year: utilities move into demand response – Greentech Grid
7/27 "Unused Rooftops": the future of solar power – Green Stock investing
7/27 Southern California Edison awards 36 contracts – Market Watch
7/27 First Solar expands into utility-scale power market – TMC.net
7/27 First drive: 2011 Nissan leaf doesn't change the game – Autoblog Green
7/27 Intersoloar 2010: day two – Greentech Media
Art of the Collapse
7/19 Weekend funnies – Economicrot
7/15 Bad Economy – YouTube
7/11 Indivisible (a blovel) – Troy Grice
7/05 Weekend funnies – Economicrot
6/22 End the Fed – James Cobb
6/21 BP spills coffee – YouTube
6/21 Weekend funnies – Economicrot
6/21 Sunday funnies – Mish
6/15 Weekend funnies – Economicrot
War and Secession
7/26 Obama is preparing to bomb Iran –Tarpley
7/23 The prospect of an Israeli military strike against Iran – Oil Price
7/23 North Korea denounces hostile' sanctions by U.S. – Bloomberg
7/21 Just say no – LewRockwell.com
7/21 Why hasn't Israel bombed Iran (yet)? – Wall Street Journal
7/21 Uncle Sucker – Casey's Daily Dispatch
7/21 U.S. to seek Chinese backing to enforce new sanctions – Bloomberg
























