The entire global banking system is insolvent. Talk of well capitalized banks at a national level is a joke. The only pertinent question is “What order do various countries implode?”
From Shock and Awe, EU’s $146 Billion Bet to Avoid Contagion; Market Says “So What?” by Mish.
Flim-Flam Economics: The article below focuses on "the biggest flim-flam in the nation's history." Now that's saying a lo...
JP Morgan the New Lehman Brothers?:
Hope and Change in the Banking System seems to be "hope" that the system can get through t...
Wisdom: Friedman on Socialized Medicine:
Image via Wikipedia
Image via Wikipedia
Milton Friedman on Socialized Medicine. ...
Ben Bernanke Is A Bull And His World Is A China Shop: Hapless Ben Bernanke, in an effort to save the unsaveable, continues to pour liquidity into the syst...
America's Road to Ruin:
Image via Wikipedia
The country is on an unsustainable financial path that ends in ruin. An...
Difficult or Impossible Economic Situation: Paul Kedrosky presents an article dealing with the difficulty (impossibility?) or our economic condi...
Recent Comments