The European leadership is struggling to keep the Euro and their banking system alive. The European Union was the idea of business geniuses who saw a way to make enormous profits off the backs of hard working Europeans.
EUROPEAN BANKS DON’T TRUST EACH OTHER We are beginning the see the effect of DEBT on the banks in Europe. No bank knows who is holding the debt of the American mortgages or the bonds of the weak European countries. If you loan money to that bank, what will you get back? And, what is [...]
Everywhere we look today around the modern world, we see the same problem in a myriad of forms: DEBT. Debt is like tuberculosis in the 19th Century, it has infected every one, from individuals to corporations to banks and to countries. It has slowly insinuated itself into modern society as a “solution” to the desire [...]
Debt is like a carpenter’s vise — anyone caught between its jaws is squeezed like a piece of wood, until they can no longer move. The banks of Europe, like the banks of the U.S., were totally misled by the politicians of their government. They were told to lend money to all comers regardless of [...]
Greece and Ireland have been bailed out. But now the bond buyers are demanding more interest to buy the bonds of Belgium. That hurts Belgium as they must pay more interest for their loans. So the Finance Minster of Belgium is demanding a bigger bail-out package, greater than the 750 billion Euros now on the [...]
As they say in South America… That takes cajones… The news came out in spurts all day on December 2nd, 2010… Ben Bernanke and his crew in the Federal Reserve threw money at anybody who said “Ouch!” during the years 2008 and 2009. You didn’t have to have good credit. You didn’t have to be [...]
Today, Tuesday, May 25, 2010, we are seeing stock markets collapsing in the U.S., Europe and Asia. The falling indices are significant. In all parts of the world the falls are approaching or exceeding three percent of the value of each particular market. To put this value into perspective, we remember that if a market [...]
