Monty Pelerin's World

Economic, Financial and Political Analysis

Tag archives for Insolvency

Measured Properly, Things Are Much Worse Than You Are Being Told

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Little the government does is efficient or effective. As this becomes more apparent to increasing numbers of people, government resorts to propaganda and lies to hide the true condition. Nowhere is this duplicity more prevalent than in the reporting of economic information. Anyone with above a room temperature IQ marvels at the claims that employment [...]

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Greecian Formula Coming To The U.S.

Phoenix Capital Research refutes the political propaganda that the US is in a recovery with five damning charts so simple to understand that even a “media caveman” should be able to understand. If five pictures are not enough to convey the problem, PCR also uses words: Folks, this is a DE-pression. And those who claim [...]

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Atlas Doesn’t Shrug; Atlas Shrinks

Despite all the media hoopla and propaganda regarding how well the recovery is progressing, there is little reason for optimism. Most of the claimed improvements do not hold up beyond the deliberately misleading headlines. This is especially true of claims pertaining to economic growth, employment or the European problems. The US marches inexorably toward its [...]

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The Destruction of The US Economy is Assured

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The slide toward sovereign bankruptcy and economic collapse continues. The best efforts of politicians and their sycophants in the media to convince you otherwise are being contradicted routinely by the the harsh facts of the marketplace. Their propaganda appears increasingly incredible. The private economy has shown virtually no improvement despite stimuli in magnitudes never before [...]

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Argentina May Provide a Road Map

Is Argentina the model for what will happen in Europe and the US? Perhaps, and why not? When things get desperate there are only so many options. Here is Bill Bonner’s short summary of what occurred in Argentina: In 2001, the country was deeply in debt. The government was out of money. And the currency [...]

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