Germany Wants Gold
Germany is the only solvent state in Europe. It is necessary that Germany, not the ECB take charge. They are willing to help and to…
EU
European Elections Harbinger of US Elections
Europe’s election results are in. Here are some of the headlines from Drudge followed by my comments:
- FRANCE TURNS LEFT…
- Battle with Berlin…
- EU DRAMA…
- Sarkozy latest victim of anti-incumbent backlash…
- Hollande: ‘My real enemy is the world of finance’…
- Wealthy eye move across the Channel…
- Euro Weakens…
- Angry voters deliver blow to Greek ruling parties…
- …neo-Nazis gain seats
- Bailout at risk…
- Merkel loses power in state election…
What this really means will become more apparent as time unfolds. Two preliminary thoughts regarding the underlying motives are the following:
- This is a revolt against incumbents, much like the 2010 election in the US.
- This is a move further toward socialism by an already highly socialized part of the world.
Both hypotheses are reasonable. They may also not be mutually exclusive.
Europe differs from the US in many ways economically. For decades their economies
Spain Is The First Domino
An excerpt from a non-comforting piece by Phoenix Capital Research: With that in mind, I believe we have at most a month before Spain drags…
Comment Against A Unified Europe
The Eurozone’s problems are not solvable. That will not prevent the political class from pretending they are and going through the motions. There are two…
Don’t Invest, Gamble!
Phoenix Capital Research has a very negative outlook on the near term. Their outlook is similar to my own (my emphasis added): We have been…
EU Subcontracting Their Counterfeiting?
What in the world does this mean? A spokesman for the ECB said the Irish Central Bank is itself creating the money it is lending…