Category: Global Debt Crisis
The analysis published under this category are as follows.
Thursday, July 07, 2011
The Politics of Debt Default: Roadmap to Debunk the U.S. Dollar / Currencies / Global Debt Crisis
By: Axel_Merk
We were one of few who defended the euro when many pundits predicted parity to the U.S. dollar in the spring of 2010, when Greece’s issues first came to the fore. Since then, Old Europe’s currency has had a dramatic comeback, although not without significant jitters along the way. A roadmap is playing out that may lead the euro to debunk the dollar. Not convinced? Let’s look at what is and what isn’t working on both sides of the Atlantic, and how dynamics may play out.
Thursday, July 07, 2011
What the Greek Debt Crisis Mean for Investors? / Stock-Markets / Global Debt Crisis
By: Money_Morning
Kerri Shannon writes:
With Greece on the brink of default - and hanging over the global economy like a financial sword of Damocles - investors the world over are asking themselves the very same question, day after day: Just what is the Greek debt crisis, and what does it mean to me?
Thursday, July 07, 2011
Greece Massive Loss of Sovereignty, E.U. Seeks to Curb Rating Firms / Interest-Rates / Global Debt Crisis
By: Mike_Shedlock
Jean-Claude Junker, the man who says "When it becomes serious, you have to lie", apparently has had a sudden splash of honesty, stating Greek sovereignty to be massively limited.
Read full article... Read full article...Greece faces severe restrictions on its sovereignty and must privatize state assets on a scale similar to the sell off of East German firms in the 1990s after communism fell, Eurogroup chairman Jean-Claude Juncker said.
Wednesday, July 06, 2011
China Owns More Debt Than Thought: Did US Win Inflation War? / Interest-Rates / Global Debt Crisis
By: Dr_Jeff_Lewis
It has been brought to the attention of the Treasury that China may own more US Treasury debt than once thought. Rules put in place in 2009 limited would-be buyers of US Treasury debt to 35% of any given auction, but by using primary dealers (who have to buy US Treasuries at auction) as a proxy, the Chinese government has purchased more Treasuries than originally thought.
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Tuesday, July 05, 2011
Greece Buys Time for Insolvent Bankers and Delusional Politicians / Politics / Global Debt Crisis
By: John_Browne
Last week, the Greek parliament voted by a narrow margin to pass an economically crippling austerity plan of some $40 billion in return for some $159 billon of fresh liquidity injections. Although many hailed the event as a needed first step on a long road to recovery, I believe the austerity program will make a bad situation worse. It is a flawed solution that stems from a false premise: that Greece should continue to be part of the euro zone, and continue to use the euro as its currency.
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Tuesday, July 05, 2011
Rented Papandreou Selling Off Greek Assets, Pan Hellenic Socialist Kleptocrats / Politics / Global Debt Crisis
By: James_Petras
"George Papandreou is not bought, he is rented. He sells public enterprises to the multinationals. He reduces wages, pensions and employment at the behest of the IMF. He turns over the public treasury to the European banks. He supports NATO’s war against Libya . He directs the Greek Coast Guard to enforce Netanyahu’s blockade of Gaza .” According to a demonstrator in Syndigma Square , Athens , July 3, 2011
A self-proclaimed “Socialist” Government in Greece is imposing by ballots and clubs the most far reaching reversals of wages, pensions, jobs, educational, health and tax programs in the history of Western Europe.
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Tuesday, July 05, 2011
Debtocracy Greece Debt Crisis Explained by Greeks / Politics / Global Debt Crisis
By: Videos
For the first time in Greece a documentary produced by the audience. "Debtocracy" seeks the causes of the debt crisis and proposes solutions, hidden by the government and the dominant media.
Sunday, July 03, 2011
Why Civil Unrest Is Sweeping the Globe / Politics / Global Debt Crisis
By: Justice_Litle
Attempts to save the morally bankrupt financial system will fuel further instances of civil unrest -- until the system itself finally implodes.
Civil unrest -- or to use an even harsher term, rage -- is sweeping the globe.
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Sunday, July 03, 2011
No Solution to the Global Credit Crisis, Rising Gold and Silver Prices / Interest-Rates / Global Debt Crisis
By: Bob_Chapman
World markets and especially US markets are in a state of uneasiness and it is only a matter of time before they degenerate further. The real question is will everything break loose between now and the end of the year? The answer in part is yes, and it is currently in process.
Friday, July 01, 2011
Greece Debt Crisis Today Compares to Germany 1923 / Politics / Global Debt Crisis
By: Andrew_Butter
At the bankers queue up to get served their pound of flesh, which is all that’s currently on offer, it’s hard not to notice the striking similarities between the Greece of today and Germany in 1923. Then Germany owed billions thanks to a treaty that was made in a French-speaking country along with an offer that couldn’t be refused, back then Versailles, this time Maastricht.
Wednesday, June 29, 2011
Why the New IMF Chief Will Cost U.S. Taxpayers Billions / Politics / Global Debt Crisis
By: Money_Morning
Kerri Shannon writes:
The International Monetary Fund (IMF) has made another mistake - a mistake that'll cost U.S. taxpayers a lot of money.
The organization's executive board yesterday (Tuesday) selected French Finance Minister Christine Lagarde as its new leader. A U.S. pledge of support Tuesday morning secured Lagarde's approval. She already had backing from European countries and major emerging markets Brazil, Russia, and China.
Read full article... Read full article...
Wednesday, June 29, 2011
Get Ready to be Financially Conscripted into Financial Repression / Politics / Global Debt Crisis
By: Arnold_Bock
A new financial policy initiative known by the label “Financial Repression” may soon become our worst nightmare. ‘Repression’ rhymes with ‘depression’ which could be what we have to look forward to as rampant price inflation and permanently lower living standards take hold. Get ready to be conscripted into a citizen army assembled for the greater cause of saving the nation from being swamped by a tsunami of debt. Let me explain.
Wednesday, June 29, 2011
European Debt Crisis Investing, Buy U.S. Treasury Bills / Interest-Rates / Global Debt Crisis
By: Paul_Lamont
According to Fortune (citing IMF data), Germany’s banks are now more leveraged than Lehman Brothers at the time of its collapse (Lehman: 31 to 1). Similarly, their leverage is financed by “cheap, short-term loans that are vulnerable to a market shock.” These loans (as we explained last December) are from money market funds here in the U.S. (Investors should Buy Treasury Bills instead.)
Wednesday, June 29, 2011
Bankrupt Greece Blackmails Europe, Bailout or Euro Zone Dies, Global Financial System Collapse / Interest-Rates / Global Debt Crisis
By: Nadeem_Walayat
The Greek population is in constant revolt with another 48 hour national strike underway against ever expanding announcements of economic austerity though to date little of which has actually been implemented and therefore risks at the very a least a delay of the latest tranche of Euro 12 billion in what has now become a permanent flow of funds from core Euro-zone to Greece and other peripheral eurozone countries, therefore tax payers of core Europe and to a lesser degree Britain are being taxed to pay for the unwillingness of the PIIGS to pay their bills.
Tuesday, June 28, 2011
United States of Denial / Interest-Rates / Global Debt Crisis
By: Midas_Letter
The suggestion that there is anything remotely approaching a recovery in the United States, or the world economy, is pure cow pie, as evidenced by the requirement for more borrowing, more easing, and more deterioration in employment and housing. But as the title suggests, its not just America. I’m referring to the heads of state around the world. Apparently too busy jetting back and forth from Washington, New York, Vienna, Athens, Berlin, London and Paris to have anything approaching a grip on reality, we’re delivered surreality by world leaders immersed in United States of Denial. Now the banks in Europe are carving up the assets of Greece as vig for continued lending.