Category: Global Debt Crisis
The analysis published under this category are as follows.
Saturday, May 22, 2010
European Union's Debt Crisis Stormy Seas on the Atlantic / Economics / Global Debt Crisis
By: John_Browne
The European Union's debt crisis, the threatened collapse of its fledgling 'euro' currency, and the uncertainties created by the UK elections may seem very far removed from the American ship of state, but, in reality, this turbulence threatens to capsize our fragile economy.Read full article... Read full article...
Friday, May 21, 2010
Government Budget Deficit Financing and Inflation / Interest-Rates / Global Debt Crisis
By: MISES
I assume that you know how the banking system developed and how the banks could improve the services rendered by gold, by transferring assets from one individual to another individual in the books of the banks. When you study the development of the history of money you will discover that there were countries in which there were systems in which all the payments were made by transactions in the books of a bank, or of several banks. The individuals acquired an account by paying gold into this bank. There is a limited quantity of gold, so the payments which are made are limited. And it was possible to transfer gold from the account of one man to the account of another.
Friday, May 21, 2010
The Eurozone Stimulus Package and Economic Fundamentals / Economics / Global Debt Crisis
By: Frank_Shostak
On Monday, May 10, eurozone officials presented a stimulus plan involving $1 trillion. The main reason for the package, as stated by officials, is to prevent European economies from falling into an economic black hole on account of the economic crisis in Greece.
Friday, May 21, 2010
Sovereign Debt Crisis, Have We Crossed the Point of No Return? / Economics / Global Debt Crisis
By: Philipp_Bagus
A specter is haunting the world, and especially Europe: the specter of a sovereign insolvency. The acute sovereign-debt crisis is largely the result of government interventions in response to the financial crisis.
As Austrian business-cycle theory explains, the credit expansion of the fractional-reserve-banking system had caused an unsustainable boom. At artificially low interest rates, additional investment projects were undertaken even though there was no corresponding increase in real savings.
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Friday, May 21, 2010
Politicians Battle Against Markets, The Sovereign Policies of Insolvency / Stock-Markets / Global Debt Crisis
By: Ty_Andros
The greatest transfer of wealth from those who hold it in paper to those who don’t is underway; a Crack-up Boom looms.
It’s time to put on your battle gear and man your stations as the “when hope turns to fear” (see 2010 outlook in Tedbits archives) moment has arrived. As the G7 financial systems lurch towards their demise, insanity is on plain display in the capitals of the developed world, with the purchasing power of all G7 currencies (Pounds, Swiss Francs, Euros and Dollars of all stripes) in free fall -- as measured in the only REAL currencies in the world: GOLD and SILVER. &
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Friday, May 21, 2010
Greek Debt Crisis Peoples Heresy / Politics / Global Debt Crisis
By: Submissions
John Pilger writes: As Britain’s political class pretends that its arranged marriage of Tweedledee to Tweedledum is democracy, the inspiration for the rest of us is Greece. It is hardly surprising that Greece is presented not as a beacon but as a “junk country” getting its comeuppance for its “bloated public sector” and “culture of cutting corners” (the Observer). The heresy of Greece is that the uprising of its ordinary people provides an authentic hope unlike that lavished upon the warlord in the White House.
Thursday, May 20, 2010
New Zealand Said No to Economic Death by Debt, Why Can't We? / Economics / Global Debt Crisis
By: LewRockwell
Floy Lilley writes: Anyone reading news feeds on the global financial crisis is painfully aware that the world as we know it is rapidly destabilizing. Bottomless debt is gaping open in unfamiliar terrain like crevasses in Ruth Glacier near the end of June.
Europe debt woes have pummeled the euro and Asian shares. Eurozone taxpayers are now extremely exposed to high credit risk, leading to a panic in the world markets, as foreign holders of Greek and Portuguese debt have seized on emergency intervention by the European Central Bank to scamper out of their positions. The chief executive of Deutsche Bank said it would require “incredible efforts” by Greece for its debt to ever be repaid in full.
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Wednesday, May 19, 2010
The Greek Debt Tragedy a Sneak Preview of What's Coming to Washington / Interest-Rates / Global Debt Crisis
By: Ron_Holland
"The current European debt crisis likely will not end until the euro collapses as a currency and takes the entire European Union with it." ~ Dennis Gartman, hedge fund manager and writer of The Gartman Letter
I was just in Greece, where the stupidity and venality of the political class are in full view.
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Wednesday, May 19, 2010
Global Debt Defaults Ahead as Keynesian's Race to Bankruptcy / Interest-Rates / Global Debt Crisis
By: Gary_North
The euro is falling. It is at the lowest exchange rate to the dollar in four years.
Confidence in the euro is falling because it is becoming clear that the region's commercial bankers have made the same sorts of bad decisions that American commercial bankers made after 2000. They loaned money to debtors in Eastern Europe who will not be able to repay. These loans were collateralized by real estate, which rose. Real estate prices in Eastern Europe are now falling. The bubble has popped.
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Wednesday, May 19, 2010
Debt Default ‘Deferral’ of Greece a Dangerous Precedent – Got Gold? / Interest-Rates / Global Debt Crisis
By: Arnold_Bock
If the implications of the recent Greek tragedy were not so serious it would have been seen more as a Greek comedy (of fiscal errors). In fact, however, to deploy another metaphor, Greece's sovereign debt is seen as the proverbial canary in the coal mine - a microcosm of the relentlessly growing sovereign debt that has taken much of Europe by storm and is threatening to spread to the U.S.
Tuesday, May 18, 2010
Guess Who’s Even MORE Broke Than Greece? / Interest-Rates / Global Debt Crisis
By: Graham_Summers
Sentiment is a strange thing.
Greece’s debt issues have been staring everyone in the face for years. And yet it wasn’t until January 2010 that they suddenly became “relevant” to the investment world.
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Monday, May 17, 2010
Will Euro Sovereign Debt Contagion Cross the Atlantic to the U.S.? / Interest-Rates / Global Debt Crisis
By: Julian_DW_Phillips
Even after the massive rescue package [$750 billion] was delivered, confidence in the € seeped away and it weakened to $1.2320. With U.S. sovereign debt at unacceptable levels too, the debt fear 'contagion' cross the Atlantic? More than that, if bond values continue to drop will the lending banks to the debts issued survive. Can this happen in the States and will their banks be dragged into the crisis?
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Monday, May 17, 2010
Governments and Central Bankers No Better than Common Identity Thieves / Politics / Global Debt Crisis
By: Dr_Ron_Paul
The spotlight remains on the Greek sovereign debt crisis as the riots continue. The terms of the Greek bailout from the IMF and Eurozone countries remain contentious with citizens on all sides. Europeans hate having their governments throw public money away as much as Americans do. The Greeks are not happy about having their taxes raised while their pensions and salaries are cut.
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Sunday, May 16, 2010
The Vicious Circle of Debt and Economic Depression, It's Class War / Politics / Global Debt Crisis
By: Submissions
Ismael Hossein-zadeh writes: Never before has so much debt been imposed on so many people by so few financial operatives—operatives who work from Wall Street, the largest casino in history, and a handful of its junior counterparts around the world, especially Europe.
Saturday, May 15, 2010
How We Became Debt Slaves And Learned to Love It / Politics / Global Debt Crisis
By: Submissions
Gordon Arnaut writes: Who is in charge of these United States?
If you guess that it’s the people with the money, then you are correct. Not the elected representatives of the people. Not the men and women in uniform, not the factory workers, or farmers, or teachers, or bus drivers and pilots. Just the guys and gals with the moneybags.
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