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Tag Archives: euro
Bilderberg Meetings – Just An “Occasional Supper Club”?
Bilderberg Meetings – Just An “Occasional Supper Club”? The European online “news” service, Independent, published an article about this years annual Bilderberg meeting being held in Italy. Why is it wherever Bilderberg goes economic chaos follows? Remember Greece? Greece was tagged on both sides of their economic problems first in 2008 at the beginning of […]
Panic, Crisis In Italy: Dealers Pull Bids As Bonds, Stocks Crash; Euro, Deutsche Bank Tumble As Contagion Spreads
Panic, Crisis In Italy: Dealers Pull Bids As Bonds, Stocks Crash; Euro, Deutsche Bank Tumble As Contagion Spreads With UK traders returning from vacation, Italy woke up to a sheer selling panic as yesterday’s “modest” selloff mutated into a full-blown liquidation avalanche, lead by a furious repricing of the BTP curve, where 2Y yields exploded […]
Russia Finance Minister: We Are Ready To Ditch The Dollar In Favor Of The Euro
Russia Finance Minister: We Are Ready To Ditch The Dollar In Favor Of The Euro In a testament to the success of the latest Trump sanctions against Russia, overnight Russian aluminum giant Rusal announced that its chief executive, Aleksandra Buriko, and half of its managerial board resigned to make sure the firm avoids U.S. sanctions […]
MAY DAY
MAY DAY “Japan was the dress rehearsal; the rest of the world will be the main event.” Investor in Japanese stocks, known to this correspondent, circa 2001. “Twitter has taught me a couple of things. 1: there are some incredibly brilliant people in the world. 2: they are vastly outnumbered.” Tweet by @jrsalzman. There are […]
Iran Officially Switches From Dollar To Euro
Iran Officially Switches From Dollar To Euro Just two weeks after “panic” hit the streets of Tehran as the Iranian government attempted to ‘fix’ the freefall of the Rial against the USDollar… Middle East Monitor reports that Iran’s feud with the US is set to get worse after Tehran announced this week that it will […]
Will the Euro Survive by 2021?
Will the Euro Survive by 2021? The results of the Italian election is just starting to sink in. The rise of comedian Beppo Grillo to Italy’s most successful politician, who won 32.7% of the popular voted compared to Merkel winning 32.8% in the German election. Following the election on March 4th, Grillo’s “five-star” party took […]
The Way to Survive Hyperinflation
The Way to Survive Hyperinflation COMMENT: Mr. Armstrong; I just wanted to comment that I am from Venezuela. My father came here to visit me in Florida where I live with a Green Card. Everything he saved in life for his retirement is now worthless and it does not even pay to travel back to […]
The euro area’s deepening political divide
The euro area’s deepening political divide Two European elections – in Germany on 24 September 2017 and Italy on 4 March 2018 – warn that the peoples of Europe are drifting apart. Much of the recent deepening of these divisions can be traced to Europe’s single currency, the euro. This column argues that the political […]
How the Euro Will Be Killed by Politicians
How the Euro Will Be Killed by Politicians The man who is killing the Euro as a viable currency is none other than Donald Franciszek Tusk who is a Polish politician who has been the President of the European Council since 2014. He is the living example why politicians MUST be prohibited from making any decisions […]
ECB minutes reveal fears over Trump currency wars
ECB minutes reveal fears over Trump currency wars Account of January meeting also show communications differences on QE A man wearing a monkey costume passes in front of the old European Central Bank building in Frankfurt, Germany Photograph: EPA Euro zone concerns over the weakness of the dollar were laid bare in a set of […]
ECB Minutes Reveal Fears About Currency Wars, Euro Slides
ECB Minutes Reveal Fears About Currency Wars, Euro Slides There were two distinct reactions in the Euro to today’s ECB Minutes, released this morning. At first, the EUR jumped following initial headlines that the ECB acknowledged that revisiting the guidance would be “part of a the regular reassessment” going forward, but noting that any changes […]
Financial Markets Definitely Destabilizing – Charles Hugh Smith
Financial Markets Definitely Destabilizing – Charles Hugh Smith Financial writer and book author Charles Hugh Smith has been watching the extreme movements in financial markets closely. Is he nervous? Smith says, “Oh yeah, it’s definitely destabilizing. In other words, it’s becoming not just more volatile, the whole underlying structure of our economy is destabilizing. What […]
World Dollar Debt up 5.2% – World Euro Debt Up 10.5%
World Dollar Debt up 5.2% – World Euro Debt Up 10.5% The Bank for International Settlements (BIS) has reported exactly what we have been warning about – the explosion in dollar-denominated debt outside the USA which means a rise in the dollar will see a massive debt crisis. The total volume of US dollar-denominated debt outside […]
Euro – a disaster – failed monetary unions past and present
Euro – a disaster – failed monetary unions past and present A glance at history The beginnings of monetary union can be traced back to attempts to unify the coin standard. Emperor Augustus successfully unified the coins in the Roman Empire – for over 400 years the gold coins were minted almost exclusively with the […]
Is There a Way Out of the ECB’s Trap?
IS THERE ANY WAY OUT OF THE ECB’S TRAP? The ECB faces the Devil’s Alternative that Frederick Forsyth mentioned in one of his books. All options are potentially riskly. Mario Draghi knows that maintaining the so-called stimuli involves more risks than benefits, but also knows that eliminating them could make the eurozone deck of cards collapse. […]
