Blog/Sovereign Debt Crisis

EU Finance Ministers Change Their Minds Because of a Greek Referendum

The EU Finance Ministers have been lying to the public for so long that they believe their own propaganda. The German press has called them for what they are [...]

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Greek Bank Run Begins

The BBC is reporting that the Greece debt crisis is now leading to a Greek bank run as people clamor to hoard cash in the face of the Eurozone refusing any bailout [...]

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Monday’s EU Summit & Troika’s Misguided View of Greece

The summit held Monday of the new superheroes, known as the Euro-Rescuers, are lost in the canyons of their own minds for they do not comprehend how the economy [...]

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London Anti-Austerity Protest Draws 100,000+

This is socialism collapsing. Hundreds of thousands of people have joined together to protest anti-austerity. So many people attended that the police refuse to [...]

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Mario Draghi Backs Down on Greece

We are really plagued by people in government who are totally clueless on how markets trade. They have been arrogant in assuming they do not need Greece and if they [...]

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Distinguishing the Three Flavors of the Debt Crisis

Not all debt has the same economic effect, for like ice cream, there are at least three basic flavors: If someone borrows to create a business, this is the most [...]

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EU Looking at Consolidating All Member Debt – Is It Too Late?

The European Union (EU) is now looking at consolidating all member debt, which is what they should have done from the start. The question remains – Is it too late [...]

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The Greek Nightmare

QUESTION: Marty, With the default of Greece and their exit from the Euro, what is likely to happen to the debt and what rate would you expect the drachma to be [...]

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2015.75 = The Crash in Government

To set the record ABSOLUTELY straight, the “C R A S H” we see on the horizon is by NO MEANS the private sector and the stock market. It seems just [...]

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Abolishing Cash – New Age of Economic Totalitarianism

Europe is moving full speed ahead to eliminate all cash. Instead of reforming and tackling the economic problems, government always seeks to maintain the same [...]

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