• Phoenix Capital...
    07/02/2015 - 11:09
    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...

Germany

Tyler Durden's picture

The Euro Does Not Have A Problem... It Is The Problem





We have now reached the point where the euro does not have a problem – the euro is the problem. De-risking it should be a priority for European leaders, as it now poses a chronic risk to global financial stability. Either the outliers need to leave or the countries inside the eurozone needs to move down the pathway to full political, economic and monetary union.

 
Tyler Durden's picture

NATO Conducts Rehearsal For Ukraine Siege: Mapping All NATO Drills Near Russia Since 2014





Amid escalating violence in Ukraine and stepped up efforts by the Pentagon to rally support for Washington's increasingly aggressive posturing towards Moscow, NATO conducts war games in Poland designed to replicate the conflict in Ukraine.

 
Marc To Market's picture

Week Ahead: Greece Casts Long Shadow while US Economic Momentum Strengthens





Greek end hogame is at hand.  US economy is gaining momentum--consumption, capex, and housing.  Several equity markets are at cross-roads.

 
Tyler Durden's picture

Meanwhile, Greece Is Quietly Printing Billions Of Euros





During the same period over which Greek banks lost nearly €30 billion in deposits, banknotes in circulation jumped by some €13 billion. In short, because Greeks are increasingly prone to stuffing their euros in mattresses, a large proportion of the deposit flight has come in the form of hard currency withdrawals, meaning the Bank of Greece is forced to (literally) print billions in physical banknotes.

 
Tyler Durden's picture

The Russian Pipeline Waltz





This is an eventful period for EU-Russia gas relations. How should the most recent evolutions of the Russian waltz of pipelines be interpreted? There are three possible scenarios...

 
GoldCore's picture

Greek Contagion Abyss Looms – Wealth Preservation Strategies





A Greek exit from the euro would change everything. The greatest change being simply doubt and fear regarding the outlook for other vulnerable EU nations, EU banks and the EU banking and financial system. We discuss short and long term considerations, best and case outcomes, and wealth preservation strategies.

 
Tyler Durden's picture

Girls, Gardening, Puppies, And Pigs: Life On China's Disputed Man-Made Islands





Amid criticism from Washington, Beijing has embarked on a propaganda campaign to show that despite attempts by the US and its regional allies to cast aspersions, island life in the Spratlys is all about girls, gardening, puppies, and pigs.

 
Tyler Durden's picture

Debt: War And Empire By Other Means





The economic hitmen have honed their skills among the poor and relatively defenseless, and have been coming closer to home in search of new hunting grounds and fatter spoils. There is nothing 'new' or 'modern' about this. The only difference is that it is not happening in the past or in a book, it is happening here and now. "Economic powers continue to justify the current global system where priority tends to be given to speculation and the pursuit of financial gain. As a result, whatever is fragile is defenseless before the interests of the deified market, which becomes the only rule."

 
Tyler Durden's picture

Inciting Bank Runs As A Negotiating Tactic





The troika of Greek creditors has gone into full-frontal morals-be-damned attack mode. This has turned into the kind of economic warfare one would expect to see between sworn and lethal enemies, that the US would gladly use against Russia for instance, but not between partners in a union founded on principles based entirely and exclusively on being mutually beneficial to everyone involved. And all EU nations should understand by now that this is not about Greece anymore, it’s about all of them.

 
Tyler Durden's picture

Alexis Tsipras' Open Letter To The Germans: "Duty Rests On All Our Shoulders"





As so often, Mr. Tsipras makes a number of fair points. However, it seems to us that everybody is skirting the main issues. Greece cannot become a “socialist Utopia”, unless its citizens are happy with being condemned to a hand-to-mouth existence for a long, long time indeed. Whether or not Greece defaults, the one thing the government will be unable to fund is the very socialism that is its basic ideology.

 
Tyler Durden's picture

The Logic Of Interventionism (Or How To Wake Up In A Prison)





The mainstream media is still full of articles about the alleged evils of cash, which we regard as a typical “trial balloon” launched by the powers-that-be. A salami tactic is therefore employed, not least because this ensures that there will be little protest. A new law or regulation may not be seen as overly onerous in isolation. The average citizen may well think – if he or she is even aware of the adoption of a new law: “Oh well, it is a bit creepy” or “it does make life a bit more difficult”, but “if it helps to keep us safer/more prosperous/more free/saves the planet, I can put up with it”. And so one freedom after another is taken away. If pursued to its logical conclusion, no freedom will be left in the end.

 
Tyler Durden's picture

Is Greece Hurting The Euro Or The Euro Hurting Greece?





So a nation that had essentially 40 continuous years of production expansion suddenly goes into a tailspin upon changing up the monetary basis of trade suggesting that we can pinpoint the culprit. A 5 year old could pick up on this actuality. So how is it that these supposed omniscient academics at the ECB are simply incapable of seeing the blatantly obvious?

 
Tyler Durden's picture

Europe Folds? German Zeit Reports EU, ECB Will Extend Aid To Greece Without IMF; Merkel Denies





Believe it or not: GREECE AID TO BE EXTENDED UNTIL YR-END W/O IMF: DIE ZEIT

... NOT! GERMAN NEWSPAPER ZEIT REPORT ABOUT CONCESSIONS MADE TO GREECE BY CREDITORS HAS NOTHING TO DO WITH REALITY, SUCH A PROPOSAL WOULD DEFINITELY NOT FLY - EU DIPLOMATS

 
Tyler Durden's picture

George Soros Warns Washington To "Mend Relations With China" Or Face World War 3





"Both the US and China have a vital interest in reaching an understanding because the alternative is so unpalatable," Soros wrote in an article for the New York Review of Books, with the danger imminent if Chinese economic reforms fail forcing President Xi Jinping to "foster some external conflicts to keep the country united and maintain himself in power." These "conflicts" would present themselves in the form of a Sino-Russo alliance which could draw the entire world into war.

 
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