Monty Pelerin's World

John Mauldin’s weekly (free) newsletter is among the best I read. This week’s letter, entitled “The End of Europe?” breaks down the Europe problem simply. Reading this letter will enlighten [...]

Phoenix Capital Research predicts the Euro won’t survive 2012. So does James Quinn in his annual forecast among many others. Most prognosticators deliberately provide a fuzzy time frame with their forecasts. [...]

Europe (and the US for that matter) has passed the point of any traditional economic recovery. The amount of debt outstanding is not serviceable. Even if economic growth were to [...]

In March of 2010, I discussed the possibility of another bank holiday. We had one during the Great Depression where banks were ordered to close: One of the first New [...]

Yesterday was a big day in the stock market! The Central Banks of the world came to the rescue of Europe, at least that is what you are supposed to believe. [...]

H/T to Zerohedge for this chart showing what happened after the last global coordinated intervention: Share/Save Download article as PDF

Europe is a problem; it is just not THE problem. Do not believe the “happy news” that periodically is discharged from the Eurocrats. For the Eurozone there is no survival [...]

A wonderfully humorous and accurate description of the European Mess sent via email from Simon Black of SovereignMan.com Date: November 23, 2011 Reporting From: London, England [Editor's note: Simon's friend Tim [...]

The Guardian has a special report on the European crisis. As this crisis comes to a head, and it is doing so very quickly, it might be useful to understand [...]

No one knows how this economic crisis will play out. For sure, it will have an ending that few can imagine. From Zerohedge comes this rehash of our crisis and [...]

Despite how governments and central banks try to dismiss gold, Zerohedge points out that actions speak louder than words: … we learn that gold after all is money, after the G-20 demanded [...]

Michael Snyder has captured in one paragraph the scam that is being marketed as the “solution” to the Greek and European problem (my emphasis): Once the euphoria of the initial [...]