By John Rubino for Dollar Collapse

Europe’s leaders — that is to say German Chancellor Angela Merkel and the bureaucrats running the various eurozone agencies from Brussels — have looked into the abyss and don’t like what they see. Specifically, a default and departure by even a relatively insignificant country like Greece might start a contagion that cripples or destroys the whole eurozone.

So despite the posturing now going on about a Greek exit Read More »

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By John Browne, Senior Economic Consultant to Euro Pacific Capital

One month ago it appeared that Germany held the whip hand in its titanic struggle against those seeking to cure all economic ills with the snake oil of currency debasement. Now, it appears that the ground beneath its feet is being swept away in a flood of popular unrest and political exploitation. The recent elections in Europe, which highlight both the strong grass Read More »

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By The Daily Bell

Crisis escalates as insurrection breaks German control of Europe … The political dam has broken in Europe. German Chancellor Angela Merkel no longer has enough allies in the club of EU prime ministers to impose her hairshirt agenda. Her methodical plans are disintegrating on every front. For Germany it is a moment of truth. Berlin has put off hard choices since the crisis began … – UK Telegraph

Dominant Social Read More »

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By Jeffrey Tucker

When the Financial Times started its series on “Capitalism in Crisis,” I winced. Here we go yet again, an attempt to blame private enterprise for what are actually the failures of the state and paper money. And some writers — but not all — in the series have done exactly this, while obscuring the differences between free and unfree markets by referring only to the way “the system” has failed.

And Read More »

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By Michael Synder for ETF Daily News

When news broke of a 2 billion dollar trading loss by JP Morgan (NYSE:JPM), much of the financial world was absolutely stunned.  But the truth is that this is just the beginning.  This is just a very small preview of what is going to happen when we see the collapse of the worldwide derivatives market.  When most Americans think of Wall Street, they think Read More »

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By Peter Morici

J.P. Morgan’s $2 billion loss from betting on corporate bonds will embolden advocates of the Volcker Rule—a provision of the 2010 Dodd-Frank law that will prohibit banks from trading on their own account. Unfortunately for federal regulators, trading in securities is essential to modern banking, and busting up the big Wall Street financial houses may be the only way to better ensure financial stability.

The Glass Steagall Act of 1933 separated Read More »

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EDITOR’S COMMENT: These comments were written this past week, but before the results of the German elections were known. Nevetheless, since these results were anticipated, John Browne’s conclusions and insights  are still timely and informative.

By John Browne, Senior Economic Consultant to Euro Pacific Capital.

Last week’s media headlines focused on how the election results in France and Greece reflected a wave of rising public resistance across Europe to the austerity programs being championed Read More »

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EDITOR’S COMMENT: What Am I Missing Here? Simply put, this is what happens, when you have a President , who is more interested in winning voters and getting re-elected, than he is in running, managing and protecting our country. Apparently, our intelligence agencies and the Brits are furious, as seen from this commentary from American Thinker!

By Rick Moran

I think you actually have to make a serious effort to be this spectacularly inept.

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EDITOR’S COMMENT: Robert Barone takes note of all the dire forecasts of financial Armageddon being bandied about in Washington, in your emails and even on the so-called “happy-talk” cable TV shows. So, he asks “should a rational person be concerned with the histrionics of the predictors of doom?”

Well, rather than fully answer this question for you, he has provided you with enough financial figures, forecasts, projections, and long-term assumptions for you to Read More »

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