Blog/Sovereign Debt Crisis

Asset Recycling – Robbing Pensions to Cover Govt. Costs

We are facing a pension crisis, thanks to negative interest rates that have destroyed pension funds. Pension funds are a tempting pot of money that government [...]

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Illinois Cannot Pay the Politicians

I have warned that Illinois is on the brink of bankruptcy. Now, Illinois Comptroller Leslie Geissler Munger says she will delay monthly paychecks for lawmakers [...]

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The Catastrophic Mismanagement of the Economy & The Coming Meltdown

We are finishing up the “Pension Crisis – The Next Nightmare,” which is a special report outlining the next global meltdown. [...]

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Has the USA Ever Paid off its Debt?

Some people were surprised that I wrote that the USA paid off its debt under Andrew Jackson. What you have to understand is that the debt was effectively a deal [...]

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ECB Losing Control

In Naples, Italy, riots against Prime Minister Matteo Renzi resulted in clashes between police and demonstrators.  Italy’s government had to address the plight [...]

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Fed Admits it is the World’s Central Bank – not just the USA Central Bank

Janet Yellen signaled that the Fed is grappling with the problem I have been warning about: the dollar has become the de facto currency and the Fed is indeed [...]

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The Dow For the week of 03/14/2016

While the markets have cheered the public admission that the central banks have completely failed in their quantitative easing and they will now buy more for [...]

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New South Wales Treasurer Says Government Must be Reduced

New South Wales Treasurer Gladys Berejiklian. Photo: Daniel Munoz Everywhere we look, governments are in deep trouble. Down under in New South Wales, Treasurer [...]

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Lagarde – Wants to Raise Retirement Age & Taxes

Christine Lagarde remains at the IMF as one of three Troika members because she is a Socialist. She is now on board with raising both the retirement age and taxes [...]

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Moody’s Lowers Credit Rating of China to Negative from Stable

Moody’s lowered its outlook on China’s credit rating stable to negative. We have been warning that our models on China indicate that the bottom in the [...]

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