Blog/Sovereign Debt Crisis

The 401K – The Pension Crisis Coming Your Way 2017

COMMENT: Martin, A few weeks ago (12/13/2016) my wife received a notice from her company about changes to her 401K and I thought I was in a Kafka film. The notice [...]

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The Future is Not as Dark As it Seems

I took this picture at the beach. At first glance, it is hard to tell if it is a sunrise or a sunset. For the record, it was a sunrise – the dawn of a new [...]

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The ECB is Insolvent Based on Their Standards

As we approach 2017, the euro appears far worse than anyone could imagine. The biggest hypocrite is actually Mario Draghi who is outrageously managing the [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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