Blog/Sovereign Debt Crisis

Clarification on India’s Gold Confiscation

To make it clear, India is not going door to door to confiscate gold any more than FDR did. The reason so many $20 gold coins have survived is because there was no [...]

Read More

US Budget Deficit Increases – The Crash & Burn Begins

The US government says it ran a $US587 billion budget deficit for the fiscal year, which was a 34% increase over last year. Deficits have simply become a standard [...]

Read More

Sovereign Debt Crisis is Percolating – Greece Asks for Debt Relief

Greek Prime Minister Alexis  has come out today and bluntly warned that failure to agree on a debt restructuring for Greece would push it into a perpetual spiral [...]

Read More

Anti-Immigration Movement Turning Violent in Germany

In Dresden, Germany, right-wing activists are retaliating against the Muslim refugees. They are said to be behind two huge terror bombs at a mosque. This is the [...]

Read More

Canadian v US Municipality Debt Crisis

Canada has a different legal structure compared to the United States. Canada is one of the most decentralized countries in the world where provinces are actually [...]

Read More

The Federal Reserve’s Structural Changes

  QUESTION: Why are there so many Fed branches? It seems this is another way for government just to create jobs and pensions. ANSWER:I wrote several times that [...]

Read More

The Preparation for Seizing Private Pensions

The pension crisis is going to be the HUGE issue in 2017. Obama is supporting about a 20% reduction in military retirement benefits. This is how such things are [...]

Read More

Can Illinois go Bankrupt or just Default?

There is a problem that Illinois faces. There is no actual right for a state to go bankrupt. That does not mean that no state has simply defaulted and never paid. A [...]

Read More

WHY 2017 is The Threshold to Chaos

I have been warning that 2017 was the Year of Political Hell with four major referendums/elections that would undermine the confidence in government – [...]

Read More

IMF Concedes Central Banks Are Doomed

The International Monetary Fund (IMF) has warned at the G20 summit in Hangzhou, China, that in the face of crises, the refusal to reform how things are functioning [...]

Read More