Archive - 2015 - Blog entry

The final and ultimate round of the Crisis that begin in 2008 will occur when faith is lost in the Central Banks.

The chances of Greece being forced out of the euro zone have risen but a compromise agreement between Athens and its European partners is still possible, Greek media and investment banks said on Tuesday.

The global economy is thoroughly integrated and processes and knowhow are increasingly delivered on distributed architecture made up of lattices of public and private networks. This approach has wonderful benefits and can deliver scale and flexibility and speed in equal measure. But therein lies the risk, the physical spying infrastructure with engineered back doors must remain hidden in order to be effective and useful to the spies who placed them there. What the intelligence community has done has created the mother of all “single point of failures” and the potential for calamity and social disintegration is almost too great to countenance. They assume that with adequate controls these systems can be kept safe and used effectively. They said the same about nuclear procurement and weaponised viruses.

The attacks demonstrate a shocking vulnerability in the highly interconnected global banking system. The Kaspersky Lab report gives a fascinating insight into the hackers operation.

For those of you curious what it was like when your parents were just kids having fun...

The 2008 Crisis was not THE Crisis. The 2008 Crisis was largely a banking crisis focused on securities. The REAL Crisis will hit when the bond bubble collapses.

Gold in euro terms is telling the whole story...

MMT: Monetizing Muppet Trades. This one made good money!

"...the current benefits to refiners will push some performance weakness into the summer, helping to dampen the impact of the drop in Crude Oil prices on business performance".

Neocons go home...

A couple of days ago a Café member sent me some of the latest commentary by Martin Armstrong of Armstrong Economics, formally of Princeton Economics International. As you will read, he continues his rant against "the gold promoters," a rant that seemed more than vaguely familiar.

What an understatement!

Straight-forward discussion of the international climate.

Be Mein!

Technical outlook in the week ahead for the dollar, 10-year yields, oil and S&P 500.

ZIRP forces retirees and the baby boomers to become more frugal based on lower interest income... this is DEFLATIONARY and has crippled consumer spending.