Monty Pelerin's World

Economic, Financial and Political Analysis

Tag archives for Greece

Greece Is A Beautiful Country, But ….

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Our Future is California and Theirs is Detroit

To understand the fate of the nation, one need only look at the trend-setter — California. Its madness is equivalent to Greece and will end the same way. Capital and talent are leaving the state in droves. The recent election will only accelerate its demise. There is not enough money in the state to pay [...]

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USA Dominates The Rest of World — In Debt

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The US continues to decline economically relative to some parts of the world, most notably those in Asia. Yet we still lead in many areas. Unfortunately being number one is some categories is not a good thing. The level of debt is one of these areas. Our debt burden leads the world. The first chart [...]

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Western Democracies Are In Collapse

Most people cannot conceive of an economic collapse. Normalcy bias is common and distorts expectations, especially in areas outside of personal expertise. If it didn’t happen yesterday or last month or in their lifetime, then many people consider the outcome “impossible.” Those who can conceive of such events may try to convince others, but proselytizing can be [...]

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Euro as Dodo Bird

Don’t count on the survival of the Euro. It was a Frankenstein-type creation in the first place, forced by the political elites who wanted to expand their power base. That done, the fissures and cracks began almost immediately. Now, we are on the verge of a complete break-down, one that is unavoidable no matter how [...]

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