Archive - Blog entry
July 3rd, 2015
Greece just took a hit… and once again it’s depositors that will take it on the chin. But this process is only just begun. Similar Crises will be spreading throughout the globe in the coming months.
While this Greek saga unfolds, very few are looking at China
An important message from your Northern European brothers and sister...
What if your country didnt really exist?
We don’t have a “capitalist” economic system. What we have, instead, is a perversion of capitalism. This pseudo-capitalism is a suicidal model of pure, economic exploitation, combined with a plethora of nonsensical dogma and policies.
Earlier this week the FISA court ruled the NSA can continue the bulk collection of phone metadata until November 29. This comes after Congressional gridlock allowed for Section 215 of the Patriot Act, the legal cover for the collection program, to expire on June 1.
This process has already begun in Europe. It will be spreading elsewhere in the months to come. Smart investors are preparing now BEFORE it hits so they are in a position to profit from it, instead of getting slaughtered
East, West, just points of the compass, each as stupid as the other.--Dr No
While everyone (and their mother) is waiting for a final wash-out in gold, the price could surprise to the upside...
Tsipras is calling for 'No' Vote in July 5 Referendum, but I think Greece most likely would not survive a Grexit.
At the end of the day, the “Greek” issue is in fact a “debt” issue. And Greece is just a drop in the ocean of debt sloshing around the financial system.
With all eyes on Greece it would seem another crisis relating to unpayable debt is brewing in the Caribbean. The governor of Puerto Rico, Alejandro García Padilla, has warned that the island is unable to pay its debts of $72 billion.
The same thing others are thinking...
But what I was seeing was a central bank that I thought was doing the wrong thing, always backstopping markets and that was under Chairman Greenspan at the time. And I saw that it was leading to, in my area, in technology, the greatest stock market bubble that I'd ever seen.
Hyperventilation can't hold a candle to the good feelings of helping out a fellow traveler here on our little planet.