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Monetary Unions – How Fast Can They Collapse?

May 8, 2016

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 […]

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Failed Discipline, Failed Reforms and Grexit: Why the Euro Failed

February 17, 2015

Failed Discipline, Failed Reforms and Grexit: Why the Euro Failed There is no substitute for the discipline of a market that cannot be manipulated by political elites. It’s not that difficult to understand why the euro is doomed to fail. Given its structure, there is no other possible outcome but failure. Greece’s exit (Grexit) will simply […]

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Keeping Greece in the eurozone is worth the pain: Don Pittis

February 11, 2015

Keeping Greece in the eurozone is worth the pain: Don Pittis To misquote Mao Zedong, creating a single currency is not a tea party. Despite former U.S. central banker Alan Greenspan’s disparaging comments about the future of the euro, Americans had far worse problems creating a single currency. The question facing the Europeans as they hammer […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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