Category: Global Debt Crisis
The analysis published under this category are as follows.
Wednesday, July 14, 2010
Gold Illusory Bubble and the Debt Bubble End Game / Interest-Rates / Global Debt Crisis
By: Darryl_R_Schoon
When the end-game began, gold was $35 per ounce. Today, gold is $1200.
When the end-game is over, gold will be far higher.
Midway through 2010 we are approaching the end of the end-game, the resolution of the monetary imbalances that began in 1971. For more than 2500 years, gold was money: but, in 1971 that changed. After 1971, money was no longer connected to gold. For the first time in history, money had no intrinsic value
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Saturday, July 03, 2010
Back To Bancor, Gold And Oil Have To Gain / Economics / Global Debt Crisis
By: Andrew_McKillop
The euro rebound marks a predictable return to traditional habits for currency trading hackers, that is renewed attack on the US dollar. This action has new zest, more upside and downside than previous due to the euro now revealing itself. Coming out to full public view as a tinsel toy money, unable to shield the dollar it can accompany the dollar's fall against a very few select moneys and "stores of value". Against both the euro and dollar, the mighty Yuan can grow with G20 approval - by a few percentage points. But how can both the euro and dollar devalue, easing the debt cord winding ever tighter on the jugular vein of Europe regional and US national finances ?
Tuesday, June 29, 2010
Facing Debt Reality, Most of the So-called Developed World is Broke / Interest-Rates / Global Debt Crisis
By: David_Galland
by David Galland, Managing Editor, The Casey Report writes:
Scanning through a local newspaper this week, I came across a letter to the editor that speaks volumes about the popular misconceptions that are dragging this country, and the world, to its knees.
Saturday, June 26, 2010
The Big Picture Following the Worst Crisis Since the Great Depression / Economics / Global Debt Crisis
By: Bryan_Rich
Last week, I laid out some important historical context for establishing a solid perspective on the big picture — a broad view of where the global economy stands and what we should expect going forward.
Today, I’d like to continue with the second part of my analysis.
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Thursday, June 24, 2010
Central Banking in Crisis, Twenty Countries on the Verge of Insolvency / Economics / Global Debt Crisis
By: Bob_Chapman
Cycles were created for the accumulation of wealth. A boom occurs and you get wealthy from investments on the way up and even wealthier on the way down, because the elitists are controlling the supply of money and credit and interest rates. That is the real underlying mission of the Fed, which is owned by banking and Wall Street. All the power to control markets and create inflation and deflation lies with the Federal Reserve. Politicians do not create monetary policy, the Fed does. The politicians do as they are told. They know from time to time there will be economic pain, but the payoffs are so good they learn to live with it.
Monday, June 21, 2010
Systemic Crisis of the World Economy, Global Geopolitical Dislocation / Economics / Global Debt Crisis
By: Global_Research
GEAB write: Each day the news confirm the extent to which the global systemic crisis has now entered into the phase of global geopolitical dislocation, even if the media only timidly begin to interpret the historic upheavals which unfold before our own eyes. For LEAP/E2020, the second half of 2010 will thus correspond to a new step in the global geopolitical dislocation, characterized by an acceleration in the process of strategic, financial, economic and social convulsions centered on four single points of failure (1) of the international system analyzed in this GEAB issue.
Friday, June 18, 2010
Hyperinflation or Deflation? "Deficit Terrorists" Strike in the UK, USA is Next / Politics / Global Debt Crisis
By: Ellen_Brown
Last week, England’s new government said it would abandon the previous government’s stimulus program and introduce the austerity measures required to pay down its estimated $1 trillion in debts. That means cutting public spending, laying off workers, reducing consumption, and increasing unemployment and bankruptcies. It also means shrinking the money supply, since virtually all “money” today originates as loans or debt. Reducing the outstanding debt will reduce the amount of money available to pay workers and buy goods, precipitating depression and further economic pain.
Thursday, June 17, 2010
U.S. Fights Global Debt Crisis Hangover: Getting Drunk in the Process? / Interest-Rates / Global Debt Crisis
By: Axel_Merk
To understand how the ongoing global credit crisis may evolve, let’s look at some cultural and structural considerations. Last decade, despite being told that there may be no money to fund retirement, American consumers ramped up vast amounts of credit card debt; the European consumer, in contrast, reined in spending. Presently, European countries have recognized their debt burdens and are committed to austerity measures – contrast this with the U.S. approach: despite Federal Reserve (Fed) Chairman Bernanke’s warnings about unsustainable deficits, policy makers in the U.S. have proposed a $200 billion mini-stimulus package, advising the world to stimulate consumption now, with little apparent concern over future deficit implications.
Thursday, June 17, 2010
Blaming the Eurozone Sovereign Debt Crisis on Malevolent Speculators / Politics / Global Debt Crisis
By: MISES
Malte Tobias Kahler writes: Many commentators (the majority of whom are not economists) blame the imminent crisis in the eurozone on malevolent speculators. I find it necessary to take up the cudgels on the traders' behalf and explain why they are not culpable for the current mess.
Monday, June 14, 2010
Economic Stimulus Sovereign Debt Crisis End Game / Economics / Global Debt Crisis
By: Martin_D_Weiss
Anyone not blinded by greed can plainly see the sick cycle we’re in:
First, the government helps create a great asset bubble.
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Sunday, June 13, 2010
Is There Really a Debt Crisis? / Interest-Rates / Global Debt Crisis
By: Clif_Droke
One of the most debated topics today concerns the level of debt as it concerns consumers, corporations and governments. Government debt has commanded a particularly large share of the limelight in recent weeks. Among those who are concerned that debt levels have reached "crisis" proportions, there's seems to be a consensus that the debt balloon has reached well night the bursting point, and further, we have reached the point of no return when it comes to the servicing of the debt. Read full article... Read full article...
Friday, June 11, 2010
Why Won't the Global Debt Crisis Die, and With it Gold? / Economics / Global Debt Crisis
By: David_Galland
David Galland, Managing Director, Casey Research writes: Back when I had more time, I would occasionally play Oblivion, a video game. A game so addictive, it's been known to contribute to flunking out of colleges and the failure of marriages.
When persevering in a sword fight, your computerized opponents were prone to angrily muttering the phrase "Why won't you die, damn it!"
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Friday, June 11, 2010
PONZI Finance Recipe for Economic Catastrophe, Gold Not a Bubble / Economics / Global Debt Crisis
By: Ty_Andros
The “When hope turns to Fear” moment (See 2010 Outlook “When hope turns to Fear” in Tedbits archives) is unfolding as we speak, as the tides of insolvency sweep over the social welfare states and financial systems of the developed world. It is the next leg down in the global financial crisis and what will come to be known as the greatest depression ever is commencing -- we are fascinated and astonished at what the main stream media is reporting and failing to report.
Wednesday, June 09, 2010
The Economic Crisis, Class Struggle Heats Up in Greece / Politics / Global Debt Crisis
By: Global_Research
Dimitris Fasfalis writes: Workers in Greece today stand in the forefront of the converging European class struggles against big capital's attempt to make working people pay the costs of its crisis.
Wednesday, June 09, 2010
Debt Can Never Be Repaid, By Bankster Design / Interest-Rates / Global Debt Crisis
By: Jason_Hamlin
You really have to hand it to the banksters. As was painstakingly detailed in the book Creature from Jekyll Island, the banking elite devised a brilliant plan in November of 1910 on Jekyll Island in which to take over control of the United States, steal the wealth from the taxpayers and the resources from the country.
Monday, June 07, 2010
Athens Hosts the Olympiad of Debt / Economics / Global Debt Crisis
By: Gary_North
In my previous report, "There Is No Money," I surveyed Europe's sovereign debt markets. I argued that the outgoing Chief Secretary to the Treasury of Great Britain, Liam Byrne, hit the nail on the head when he placed a note on his desk for the incoming Chief Secretary to read: "There is no money." He did this as a joke, as he later explained to the media, but the joke was on the incoming government: there really is no money. But there are expenses – lots and lots of expenses. These expenses will increase. Tax revenues will not cover them
Saturday, June 05, 2010
Navigating the Other Side of the Debt Storm / Interest-Rates / Global Debt Crisis
By: Casey_Research
By Doug Hornig, Editor, Casey Research : The trillions in U.S. federal debt now exceed 85% of gross domestic product – and that’s not counting unfunded liabilities. Unemployment is breaking 20% as the government used to calculate it. The Federal Reserve is printing money like the paper it is. And the supposedly recovering housing market sees as many foreclosures in a month as new builds.
Thursday, June 03, 2010
The Central Banker’s Dilemma How To Ride A Dying Debt Saddled Elephant / Interest-Rates / Global Debt Crisis
By: Darryl_R_Schoon
Economics isn’t rocket science. It’s common sense and economists don’t have any.
Bankers have a problem and because they do, so do we. In modern economies, bankers have two roles. As central bankers, overseers of the financial system, they are charged with maintaining economic order. As investment bankers, i.e. opportunistic predators, they profit from whatever opportunity presents itself. In the US, the former have now succumbed to the latter.
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Monday, May 31, 2010
Debt Crisis Market Chaos Coming Soon To A Theatre Near You / Stock-Markets / Global Debt Crisis
By: Captain_Hook
Make no mistake about it, what is happening in Greece and Thailand right now will be coming soon to a theatre near you as well, with a war between our bloated bureaucracy and the public at center. It’s important to understand that the weaker periphery states in the Western alliance is just the beginning in a global affair, as Martin Armstrong points out in his latest, and that while being ‘big daddy’ of the sovereign debt debacle will postpone crisis in the US briefly as capital seeks safety in her markets, once this reaction is exhausted the U$$ Titanic America will be going down too. Therein, after the panic into US bonds (and stocks as a result of artificially lower rates) is done, rates will rise in the States as well, forcing the same budget cuts and austerity measures now being imposed on what is being described by the Western media sources (in justifying trading action) as the economic basket case, better known as Europe.
Monday, May 31, 2010
Save Yourself From Perpetual Debt Slavery and Government Inflation / Politics / Global Debt Crisis
By: Nadeem_Walayat
The politicians as evidenced during the sovereign debt crisis bailouts continue to show that they are firmly in the back pockets of the bankster elite. Instead of countries such as Greece defaulting on their debts, they are being forced to become debt slaves to finance their debt masters (the bond market) in perpetuity, as power continue to drift from the debt slave sovereign states to the their debt masters i.e. the debt providers, the IMF and now the German Government which through its bailout holds countries such as Greece by the balls, and is fully willing to squeeze governments that show dissent and disobedience to the New German European Order. Off course looking at the bigger picture, the German state itself is enslaved to the banking elite.