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Tag Archives: euro
Grexit
GREXIT QUESTION: I just read an article about Grexit and the MoU that expires in the summer of 2018. Let’s assume Greece exits EU and the Euro, what would happen to Greece and it’s people? What hardships would Grexit bring to the Greek people and what could individual Greeks do to prepare themselves for these hardships? […]
The Fate of the Euro
The Fate of the Euro QUESTION: The bounce in the Euro is a fool’s’ game? ANSWER: Absolutely. The Euro is doomed because especially if Le Pen loses, Brussels will be relieved and proceed as usual. The same problems will merely exist and no reform will come forward to save the day. A good wind will […]
Another reason to get rid of the euro
Another reason to get rid of the euro From today’s Open Europe news summary: EUROPEAN COMMISSION CONSIDERING NEW TOOLS TO PREVENT CASH OUTFLOWS FROM FAILING BANKS According to a document seen by the Financial Times, the European Commission is considering proposing a new ‘moratorium tool’ that would give national regulators the power to freeze payments to […]
Monetary Unions – How Fast Can They Collapse?
Monetary Unions – How Fast Can They Collapse? QUESTION: Mr. Armstrong; Nobody seems to be able to answer this question. How fast would the Euro disintegrate if the EU appears to be on the verge of collapsing assuming Britain were to leave? There is a consensus that other states would then begin to also prepare referendums to […]
An Escalating War on Cash
An Escalating War on Cash On February 16th, The Washington Post printed the article, “It’s time to kill the $100 bill.” This came on the heels of a CNNMoney item, the day before, entitled “Death of the 500 euro bill getting closer.” The former cited a recent Harvard Kennedy School working paper, No. 52 by Senior Fellow Peter Sands, concluding that […]
As War on Cash Escalates, Cash Lovers Fight Back
As War on Cash Escalates, Cash Lovers Fight Back “It would be fatal if citizens got the impression that cash is gradually taken away from them”: Bundesbank President Weidman. Over the last couple of days, bureaucrats at the European Commission and European Central Bank have expressed a keen interest in withdrawing the €500-note from circulation […]
Is The Pending Euro Collapse on Target From Our 2011 Forecast of 2016.202?
Is The Pending Euro Collapse on Target From Our 2011 Forecast of 2016.202? The euro crisis appears to be unfolding right on target rather amazingly. Our target was published in “The Rise and Fall of the Euro” back in 2011. The target for the collapse in confidence was 2016.202. This comes into play March 13/14, 2016. It […]
Rising Systemic Risk for all Markets
Rising Systemic Risk for all Markets We are on the precipice of what can only be described as rising systemic risk for all markets. The Fed is now hinting that banks should prepare for NEGATIVE INTEREST RATES and this insanity of following the crowd is undermining the entire world economy. The increasingly unstable footing that we find ourselves […]
Yanis Varoufakis Reveals – Berlin Blocked Greece From Chinese Funding During Crisis
Yanis Varoufakis Reveals – Berlin Blocked Greece From Chinese Funding During Crisis Hundreds of millions of people throughout the Western world are being forced to admit an obvious, yet uncomfortable reality. Democracy is dead. Your vote and your voice doesn’t matter. Not at all. No group of people understand this as intimately as the Greeks. They voted […]
Greece’s Two Currencies
Greece’s Two Currencies ATHENS – Imagine a depositor in the US state of Arizona being permitted to withdraw only small amounts of cash weekly and facing restrictions on how much money he or she could wire to a bank account in California. Such capital controls, if they ever came about, would spell the end of […]
It Will Take Trillions of Euros to Save the European Union
It Will Take Trillions of Euros to Save the European Union The EU’s political leaders and other elites are committed to holding the European Union together. To them, united Europe is an article of faith. They hold the idea with as much ferocity and fervor as any religious belief. But while the European Union is […]
The Mad Euro Project Just Got A Lot Madder
The Mad Euro Project Just Got A Lot Madder Feeding a Monstrous Pile of Debt. Under Mario Draghi’s radical stewardship, the ECB seems determined to push the limits of monetary experimentation. And by all accounts, it’s succeeding. This week saw numerous eurozone governments sell bonds at negative rates, an economic anomaly that has no place […]
50 Ways to Leave the Euro: Greece and the Global Crisis
50 Ways to Leave the Euro: Greece and the Global Crisis A sticker reads “No” on the palm of a protester during a demonstration calling for a ‘No’ vote in the upcoming referendum in Athens on Jul 3, 2015. (Photo: AFP/Aris Messinis) The problem is all inside your head, I told the Greeks The answer is […]
Visualizing The Demise Of The Once Mighty Euro
Visualizing The Demise Of The Once Mighty Euro The European Union has always been primarily a political project. The idea of the union was to take peoples that had long and complicated histories, and to place them in a situation where they must work together and shed their differences in order to achieve success. From the […]
Not the “Death of the Dollar” but “Death of the Euro?”
Not the “Death of the Dollar” but “Death of the Euro?” The rise of the Chinese yuan as an international currency is not only unstoppable but is advancing in leaps and bounds, according to SWIFT. It comes at the expense of other currencies, though it’s not triggering the long-awaited “death of the dollar.” On the contrary. […]
