The Greek stock market is down 36% year to date; the risk of global contagion in the event of a Greek exit is very real. Ordinarily such a crisis would require a massive coordinated effort from global stakeholders, perhaps directed…
He’s a thug, and a crook, and a liar, and a pseudo-intellectual and a murderer. Ok? Those things are factually verifiable. – From the late Christopher Hitchens’ outstanding interview: Christopher Hitchens’ Polemic Against Henry Kissinger Crazy John McCain is at it…
Stacy Summary: We’re in NYC, where we have NOT been snowed in. Alas, so we’ll be heading back to Blighty. We discuss the Greek elections, our trip to Mexico, ice …This content is available to subscribers only. Please Register or…
“Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.” – Antoine de Saint-Exupéry
We discuss the claims that the Fed is like the blockchain. We also look at the proof that central bank intervention causes market distortion like mispricing of risk and misallocation of capital as currency traders go bust on 50 times…
EU foreign ministers are meeting in Brussels today to discuss imposing further sanctions on Russia following an upsurge in fighting in east Ukraine. A woman pushes a cart as she visits a hypermarket of French grocery retailer Auchan in Moscow,…
One story that I’ve told several times on this site has to do with the day TARP passed. How I got into work extremely early and starting irately yelling about how TARP represented the end of America as we knew it. There…
Originally appeared at GoldSilverBitcoin Follow us on Twitter Like us on Facebook How long have you been investing in silver? Since my early 20’s, once I had a job and some sort of cash flow that was the real beginning.…
The forecast for fast acceleration of events into the January month has occurred on schedule. Normally a very big event occurs every several weeks, or every few months. In just the last three weeks, ten have taken place of significance. The pace has…
American consumers are feeling practically euphoric. The Conference Board index jumped almost ten points to the highest level since August 2007, just before the whole construct came apart. Not that reality has suddenly improved that much. But hey, we’re born…
Cyber Attacks Growing In Frequency – Entire Western Financial System Is Vulnerable The threat posed by cyber war to our increasingly complicated, technologically dependent and vulnerable financial institutions, markets, banks and indeed deposits becomes more clear by the day. British…
In the Bitcoin network, there is never an unpaid debt. Why exactly? In accrual accounting you have debits for now and credits for the past, but in triple-entry accounting you have prebits for the future. The only on-ramp to the…