Economy

Introduction: "The crisis in the eurozone is the result of France’s persistent pursuit of the “European project,” the goal of political unification that began after World War II [with the hope] that a political union, a United States of Europe similar to America's, would...prevent the types of conflict that had caused three major European wars...[and] also make Europe a power comparable to the United States, and thereby give France, with its sophisticated foreign service, an important role in European and world affairs." [What went wrong and what does the future hold?]

Worries about an economic catastrophe in Europe are heating up again, and dramatic forecasts about doom are popping up everywhere. What's important? How did we get here? Let's put this all in perspective. Words: 2356

You don’t need [actual] deflation—a reduction in the outstanding supply of money—to have markets react to a decrease in the rate of money supply growth..., anticipate the eventual deflation [and begin to price it into the market. Remember 2008?] Oil prices fell from $147 in July of 2008 to $33 per barrel by early 2009. The S&P 500 went into free-fall starting in September of 2008 and bottomed out in March of 2009—falling almost 50% in six months. This is what has already happened to the gold mining sector but, remember, central banks may be on a counterfeiting holiday right now but they have a history of taking very short vacations.

Global investors are now being violently whipsawed by the decisions of central banks, as they switch between inflationary and deflationary policies. The choice governments now face is to allow a deflationary depression to finally purge the worldwide economy of its imbalances, or try to levitate real estate, equity and bond prices by printing massive quantities of their currencies.

When government is wounded, trapped and desperate, it lashes out like a wild animal. Survival in the political class is just as strong a drive as it is in the wilderness. I don’t know how government will lash out, but you are likely to see laws, restrictions and behavior you never imagined....Washington has demonstrated it will “print money” in whatever quantities necessary to stave off a sovereign bankruptcy and a Great Depression but this strategy cannot work forever because existing debt is already too high to be serviced. It is only a matter of time before the U.S. economy succumbs - unless it engineers a 'soft default' [which will save it's ass and get you shafted! Let me explain.] Words: 1394

The ending in the U.S. will be similar to that in Greece. It is assured for the same reasons. The Democrats will lose the 2012 election...and the Republicans will control government for the next two years. Whatever enthusiasm initially exists will dissipate as soon as the polls show how unpopular austerity is. If they try to cut spending, they will suffer the same fate as the European Austerians. [Let me explain.] Words: 1116

Given what is going on in the Eurozone - particularly with reference to Greece and Spain - but also with reference to France, Italy, Portugal, and the Netherlands, things seem to be increasingly spinning out of control. Should Greece exit the Eurozone there will most certainly be contagion issues arising which will be important to you whether you invest in the financial markets or not. Let's take a look at them. Words: 502

Any thinking person with a calculator knows that the current global monetary system is going to fail given enough time. Rather than going through the charade of more quantitative easing, what if the central banks, the collaborating Western governments, and the financial elites decide to let the system fail now? [What if]...people in control...have a plan...to accelerate the emergence of a new dollar.

I want you to under­stand the grav­ity of what Europe is fac­ing; Europe has BET THE FARM and the croupier is about to roll the dice. We are all fac­ing a momen­tous instant in time and all of the noise in the back­ground is quelled by the show­man announc­ing the main event. Let’s Roll! Words: 625

The U.S. government has put us between the proverbial 'rock and a hard place'. Cutting spending to improve our country's financial situation would surely trigger rioting in the streets by those Americans most adversely affected yet not cutting spending will trigger much higher inflation - even hyperinflation - which will also result in rioting....Government cannot control how this ends. They may be able to tinker with the timing a bit and they still have the choice of poisons with which to destroy the country, [but] that the country is gone, that is no longer alterable. Words: 930