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Tag: euro crisis

IMF Numbers Warn the Troika Has Destroyed the Greek Economy

The IMF on Thursday issued its own analysis on the Greek economy. The new debt forecast numbers have been raised in recent months and while the IMF analysis is...

The Fallacy of Trying to Fight the Troika in Their Own Courts

Greece now threatens to appeal the abuse of the Troika by taking court action to block a Grexit, or really a Greek expulsion or takeover of Greece by the...

Troika – the Great Destroyer

The idea of creating one unified European government to prevent European wars has grown out of a lesson learned from the disaster of World War II and German Nazi...

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...

European High Court Rejects German High Court On ECB

The European Central Bank (ECB) may buy government bonds of member states to rescue the euro, according to the European High Court. This is in direct contrast to...

Greece – a Reversal of Fortune on the Horizon?

Greece and its creditors stuck to their positions on Monday after the collapse of talks aimed at preventing a default and possible euro exit, while Germany’s...

Is S&P Playing Dirty Games With Ratings Again?

Rating Agencies Testify Before Congress for their AAA-Ratings after 2007 S&P has issued a warning of a UK downgrade if it exits the EU. Quite frankly, we have...

Cashless Society – Tracking Gold – the Hunt for Loose Change

QUESTION: Hi Marty, if they eliminate cash – how would that affect 3rd world countries? Wouldn’t that add a huge dose of salt on that part of the...

Debt Deals & Grexit

It is all show. Now, Merkel desperately wants to bring a signed bailout deal with Greece to secure the euro. Greece managed to raise nearly €3 billion at its debt...

Cashless Society – Tracking Gold – the Hunt for Loose Change

QUESTION: Hi Marty, if they eliminate cash – how would that affect 3rd world countries? Wouldn’t that add a huge dose of salt on that part of the...