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How a Fragile Euro May Not Survive the Next Crisis
How a Fragile Euro May Not Survive the Next Crisis A big US monetary inflation bang brought the euro into existence. Here’s a prediction: It’s death will occur in response to a different type of US monetary bang — the sudden emergence of a “deflationary interlude.” And this could come sooner than many expect. The […]
The Biggest Threat To Dollar Dominance
The Biggest Threat To Dollar Dominance Russian oil exporters are pressuring Western commodity traders to pay for Russian crude in euros and not dollars as Washington prepares more sanctions for the 2014 annexation of Crimea by Moscow, Reuters reported last week, citing as many as seven industry sources. While it may have come as a […]
Europe’s Economic Demise Is A Global Warning: “Tightening Conditions Are Already Causing Disruptions”
Europe’s Economic Demise Is A Global Warning: “Tightening Conditions Are Already Causing Disruptions” Harmful Modern Myths & Legends Loreley Rock near Sankt Goarshausen sits at a narrow curve on the Rhine River in Germany. The shape of the bluff produces a faint echo in the wind, supposedly the last whispers of a beautiful maiden who […]
The Italian people must understand that their country is at war
The Italian people must understand that their country is at war The conflict between the European Union and Italy is a full-blown financial war. Euro countries cannot print their own money and for that reason they cannot have an endless deficit. Countries within the eurozone have to live within their means or else, without the […]
Contagion
Contagion The word contagion is easy enough to understand. Whether the spread of disease or disaster, sometimes it is difficult if not impossible to contain. In financial terms, contagion is often thought of along the lines of 2011; Greece started it and it spread throughout the rest of Southern Europe. The euro was coming apart, […]
Eurozone will Collapse – There is No Other Choice Economically
Eurozone will Collapse – There is No Other Choice Economically QUESTION: Mr. Armstrong; I can see what you have been arguing about the faulty design of the euro. After the EU rejected Italy’s budget, is there any hope left for Italy? RS, Rome ANSWER: For those who do not follow Europe closely, the European Union […]
“One Size Fits Germany” Math Impossibility, Get Your Money Out of Italy Now!
“One Size Fits Germany” Math Impossibility, Get Your Money Out of Italy Now! Italy, on the Euro, has a currency that is 9% too high. Germany, on the Euro, has a currency that is 11% too low. There was much discussion yesterday about the US Treasury report that determined China was not a currency manipulator. […]
More Italians Move Savings To Switzerland As Fears Of Banking “Doom Loop” Intensify
More Italians Move Savings To Switzerland As Fears Of Banking “Doom Loop” Intensify With the euro weakening against the Swiss franc (recently trading at session lows of 1.14) and Italian stocks and bonds tumbling once again on reports that the European Commission is planning to reject the Italian draft budget plan submitted earlier this week […]
Venezuela Ditches US Dollar, Will Use Euros For International Trade
Venezuela Ditches US Dollar, Will Use Euros For International Trade Venezuela has just taken the next step in its quest to “free” itself from the tyranny of US dollar hegemony. One year after the country said it would stop accepting US dollars as payment for its (ever shrinking) oil exports (saying the country’s state-run oil […]
US Dollar Refuses to Die as Global Reserve Currency — But Loses Ground
US Dollar Refuses to Die as Global Reserve Currency — But Loses Ground Chinese RMB gains, but is inconsequential as central banks remain leery. Euro hangs on. Those who’re eagerly awaiting the end of the “dollar hegemony,” or the end of the dollar as the top global reserve currency, well, they’ll need some patience, because […]
Poland, the Next Turkey? Spotlight on the Zloty and External Debt
Poland, the Next Turkey? Spotlight on the Zloty and External Debt Emerging markets have taken it on the chin. Is Poland next? Murray Gunn, Head of Global Research at Elliott Wave International, asks “Is Poland the next Turkey?” Our outlook for the Polish Zloty suggests that Poland’s developing authoritarianism is likely to accelerate. In case […]
We Are All Lab Rats In The Largest-Ever Monetary Experiment In Human History
We Are All Lab Rats In The Largest-Ever Monetary Experiment In Human History And how do things usually work out for the rat? There are ample warning signs that another serious financial crisis is on the way. These warning signs are being soundly ignored by the majority, though. Perhaps understandably so. After 10 years of […]
Debate Over Target2 Continues: Twilight of the Euro
Debate Over Target2 Continues: Twilight of the Euro The Target2 debate continues. Eurointelligence Promotes Still More Silliness. I previously commented on Target2 in Eurointelligence Displays Stunning Ignorance Regarding Target2. Eurointelligence blasts Faz for inaccuracies while spreading a pile of its own through the mouth of Mark Schieritz who says (translated) Do not be afraid of […]
Italy – the Coming Revolution & Euro Crisis for 2021?
Italy – the Coming Revolution & Euro Crisis for 2021? QUESTION: Mr. Armstrong, you obviously have a database on Italy that is without comparison. Nobody else even had a chart on the Italian lira you recently published on the blog. I know you are well aware of the revolutions in Italy and the history. I […]
