Greece

Turkey Faces Threats For Inking Landmark Arms Deal With Russia

"...there is one result the Western sanctions produce – the targeted countries come together to create alternative poles of power... This policy has failed to keep Turkey away from military cooperation with Russia. In the multipolar world there is always an alternative to turn to..."

America's Slow-Motion Military Coup

"In a democracy, no one should be comforted to hear that generals have imposed discipline on an elected head of state. That was never supposed to happen in the United States. Now it has..."

Suddenly, "De-Dollarization" Is A Thing

"For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar. These were challenges to the dollar’s dominance, but they weren’t mortal threats. What’s happening lately, however, is a lot more serious. "

Jim Rickards' "Golden Solution" To America's Debt Crisis

"The bottom line is that not even money printing has worked to get inflation moving... Is there anything left in the bag of tricks? There is actually. The Fed could actually cause inflation in about 15 minutes if it used it."

The Only 'Real Europe' Is Greece

"The real Europe is not the one Juncker paints a portrait of. The real Europe is Greece. That’s where you can see the economic reality as well as the political one. Greece has no sovereignty left to speak of, despite the fact that it is guaranteed it in EU law. Europe’s political reality is about raw power. About the rich waterboarding the poor, to the point that they are turned from sovereign citizens of their countries into lost souls in debt prisons."

Juncker Unveils Grand Vision For A United States Of Europe

“What Mr Junker wants de facto is to force the European union into a single state, and we know that the euro is not a success story. The second thing Mr Junker wants is de facto to actually get rid of all the internal borders, we see 10,000, 100,000, millions of African and Arabs are going to be coming to our continent,”

Oh Canada - Reflections On An Economic Experiment

"...the real problem is with the Fed’s unwillingness to surprise markets. They are convinced that moves should be telegraphed well in advance.. the Fed is a slave to market expectations...Well, Bank of Canada Governor Poloz is willing to take the other side of this view. Arguing that in normal times, there is no need for such guidance..."

"What Did They Expect?" Turkey Pivots From NATO, Signs Russia Missile Deal

"What do you expect? Should we wait for you? We take care of ourselves in every security point. We are taking precautions and we will continue to do so," Turkey's president Erdogan said addressing Western opposition to Turkey's just concluded deal to buy Russian advanced surface to air missiles.

Frontrunning: September 13

  • Apple takes shine off global stocks rally (Reuters)
  • Apple’s New iPhones Gamble on Allure of Premium Pricing (WSJ)
  • North Korea defiant over U.N. sanctions as Trump says tougher steps needed (Reuters)
  • Crews Face Herculean Task Restoring Power in Florida (WSJ)
  • Supreme Court Reinstates Travel Ban’s Refugee Restrictions (WSJ)

Fleecing Taxpayers Won't Fix The Pension Crisis

"Public pensions are a financial time bomb... In the US, unfunded public pension liabilities have surpassed $5 trillion. And that’s during an epic stock and bond market bubble...Predictably, the government’s go-to 'solution' is already making matters worse."

Forget Tulips & Bitcoin - Here's The Real Bubble

While the broader market for Swiss stocks has risen modestly this year, one 'entity' has outperformed its peers by such a staggering margin, it has left bamboozled market experts struggling for an explanation...