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Tag: Euro

Yuan to Be Added to SDR at the IMF

QUESTION: Mr. Armstrong; If I understand you correctly, should the IMF accept the yuan as a reserve currency, this will have zero impact other than political....

Father of Euro Warns of Brussels & Death of Democracy

The man whose idea gave life to the euro, Professor Otmar Issing, said it would be “dangerous” to transfer control over tax and spending to the EU federal...

The Rumors of My Death Have Been Greatly Exaggerated

QUESTION: Dear Martin: I hope you are doing well. In the movie of James Bond, named “Quantum of Solace”, (filmed in some areas of the Chilean desert),...

The Euro and Why the Dollar Will Not Be Dethroned

In the Eurozone, Mario Draghi has announced that his quantitative easing has failed to produce inflation as everyone assumed. After nine months of buying various...

Markets in Review

The markets are generally staging quite nicely for the ECM turning point. What generally rises into the turning point turns back down, and that which declines finds...

Belgium & the Hunt for Taxes

COMMENT: Dear Marty,   Thnx for all the insights.   Since a couple of months at a drive in chain in Belgium (Arlon) a couple of miles from the Luxembourg...

Kohl’s Dream for the Euro 1998 Speech to Bundestag

Helmut Kohl was a powerful politician in Germany. He convinced the German people to enter the euro and his 1998 speech in Bundestag generated a vote of 632 out of...

What if NAFTA Became a Monetary Union?

OK. Let’s try to explain Europe a different way. What if the USA adopted a policy that said NAFTA (North American Free Trade Agreement) should move from a...

The Euro Crisis Will Not End Until this Line of Thinking Changes

Luis de Guindos, Spain’s economic minister, illustrates that those in European government remain clueless. He said that Greece should remain part of the Eurozone...

World in Review: The Greek Tragedy Continues to Set the Tone

  The Greek drama of Greek Tragedy continues with a rumored agreement to continue the stimulus in return for promised reforms, only to have Greek Prime...