Posts Tagged ‘Euro crisis’
Failing Cyprus Is The Template For Europe
Andy Hoffman joined the Financial Survival Network for another Monday podcast. Cyprus is headed down a major rat hole and the rest of Europe ain’t far behind. The French banks are being decimated in the market. Putin is extremely angry and the Euro is down big time against the buck. So we’re wondering does the buck stop here? Whether you [...]
Spotlights Are Shining
Spain has recently announced their employment numbers which were horrific and paint a picture of a country in an economic depression. The overall unemployment in Spain is now more than 25% and over 50% for the youngest workers. Greece has similar if not worse employment statistics than Spain. So while the US has it's elections, all current [...]
Gold Hits All-Time High in Euro And Rupee
READ THE FULL NEWSLETTER Gold is back to its all-time high this month, but not (yet) in dollars, but in Euros. The chart below shows the ratio of the gold price versus euros. Gold, priced in euros, is back to its all-time high reached in 2011. Backwoods Jack emailed me today from his estate in Northern Minnesota to rave about the [...]
What can he possibly say?
Paul Tucker, Deputy Governor of the BOE will take the stand in Britain's Parliament shortly, but really, what can he possibly say? It is a documented fact (phone logs and newly released e-mails) that he spoke to Barclays' Bob Diamond. Can he say "I don't remember"? Or maybe "we talked about the weather"? I'm pretty sure that he can't. He [...]
This Is What Parabolic Looks Like
READ THE FULL NEWSLETTER August gold surged 54 dollars to take gold above 1600 again! August gold closed at 1604.20 -- after failing to break and hold below 1500. Merkel’s Compromise Could Save the Euro (Bloomberg.com) June 29 (Bloomberg) -- German Chancellor Angela Merkel and Italian Prime Minister Mario Monti comment on last night's [...]
You Can’t Make This Stuff Up
READ THE FULL NEWSLETTER Check out this video: The Genius of Mutual Indebtedness - Nigel Farage You can’t make this stuff up! And remember, as Europe goes, so goes the U.S. We’re just another kick of the can or two down the road. Our banks are all inter-related. The (Greek, Spanish, and the rest of the PIIGS) bonds are [...]
Miles Franklin Exclusive: This Is Obvious But…
I know that this is obvious but to the masses maybe it isn't. Everyone is hoping and praying for more QE to juice the system, rocket the markets and basically prolong the collapse of the Ponzi scheme. By far, the majority, including the PHD's on Wall Street don't really think about "where" the QE actually comes from. Yes, some know that it [...]
What’s the Difference?
The Eurozone certainly has it's problems, the less than 1 week old finance minister for Greece has resigned and they are requesting a "re re bailout". Spain has now asked formally for a bailout that when all is said and done will reach over 1/2 Trillion Euros and now Italy comes next. This week as you know, the European finance ministers will [...]
Quick, sell all of your Gold!
The rumor (soon to be confirmed) of "an imminent downgrade" of many large UK AND US banks has sent the markets reeling today. THIS is given as the reason for Gold and Silver dropping $40 and $1.50 respectively. I am sorry but I must call the loudest BULLSHIT in my lifetime. The reason many investors bought Gold and Silver in the first place [...]
Next Week?
Next week should be a sight to behold no matter how it finishes. Over this coming weekend the Greeks will vote again and the future of the Eurozone may be held in the balance. Also this weekend, the Egyptians will vote, in essence for what "type" of government they will have going forward. Then, later in the week, The Fed will meet and [...]
