Posts Tagged ‘Debt’

  • What Venezuela’s New Crypto Is Covering Up

    23.02.2018 • United StatesComments Off on What Venezuela’s New Crypto Is Covering Up

    The story is complicated by U.S. financial sanctions, dollar-denominated debt, anemic oil prices… and many other things. But the basic plot is simple: Venezuela spent too much. It borrowed too much. Now, it is broke. It can’t even keep up appearances.

  • Stocks Tumble Today, Property Tomorrow

    16.02.2018 • United KingdomComments Off on Stocks Tumble Today, Property Tomorrow

    For most retirees, their home is their most important financial asset. And they probably went through hell to acquire it. Reading about interest rates above 15%, house price crashes and questionable bank practices are enough to put me off buying a home.

  • Italy’s Coming Elections Could Mean the End of the Euro

    16.02.2018 • United KingdomComments Off on Italy’s Coming Elections Could Mean the End of the Euro

    Italy’s financial situation is in tatters. The banking system has a bad debt problem the size of the Greek sovereign debt crisis of 2012. And the Italian debt-to-GDP is at the levels that got Greece into trouble. But with a total debt that’s ten times the

  • What Happens When Wall Street Reaches ‘Peak Risk’

    09.02.2018 • AustraliaComments Off on What Happens When Wall Street Reaches ‘Peak Risk’

    Being dumbed down by central banks, financial institutions, the IMF et al. has created a complacent society. History teaches us that there’s an inverse relationship between complacency and risk. Lower complacency equals higher risk.

  • “Target2” Will Trigger the EU’s Fatal Sovereign Debt Crisis

    05.02.2018 • United KingdomComments Off on “Target2” Will Trigger the EU’s Fatal Sovereign Debt Crisis

    The Bank of International Settlements (BIS) recently reversed economic wisdom about Target2. The problem is, its new-found views suggest that Target2 is about to trigger a rerun of the 2012 European sovereign debt crisis. Only this time, it’ll be Italy

  • France’s Infrastructure Is Crumbling Despite Taxes at 56% of GDP

    01.02.2018 • FranceComments Off on France’s Infrastructure Is Crumbling Despite Taxes at 56% of GDP

    The most taxed country in the world can no longer properly maintain its road network. This is in black and white in the latest French Infrastructure Orientation Council report, which was handed out today to Minister of Transport Elisabeth Borne. Their

  • Bitcoin Falls 50% From Its December Peak

    18.01.2018 • FranceComments Off on Bitcoin Falls 50% From Its December Peak

    Some thought that a crash of bitcoin could degenerate into stock market crash. For the moment, it isn't so. True, some hedge funds and family offices lick their wounds with $358 billion gone in smoke in just a month. But for now, not enough to spread a global

  • A Traditionally Safe Sector Is Ready to Crumble

    17.01.2018 • FranceComments Off on A Traditionally Safe Sector Is Ready to Crumble

    "Major public works" have always been a strange grey area between politics and business. Massive contracts and a seemingly unlimited budget have persuaded many investors to think that this sector is safe... and stock prices have reflected that. However, if

  • Regain Your Independence by Thinking for Yourself

    10.01.2018 • AustraliaComments Off on Regain Your Independence by Thinking for Yourself

    Forget cold coffee and poor internet connections. The new first-world problems are going to be: My retirement is postponed indefinitely…I can’t afford to see the doctor… To avoid becoming a victim of the system, you need to take back personal control of

  • Proof of the Fake Boom (And Why It’s Dying)

    14.12.2017 • United StatesComments Off on Proof of the Fake Boom (And Why It’s Dying)

    U.S. household assets stand at $97 trillion. All over the world, “wealth” is surging, too… with the value of global stocks near a record high of $100 trillion. But there’s a hitch: We allege that this wealth was built on fake money. If we’re right,

  • Why You Shouldn’t Count on the Republican Tax Bill

    20.11.2017 • United StatesComments Off on Why You Shouldn’t Count on the Republican Tax Bill

    That is the real meaning of the Republican’s tax reform: It prunes off a branch here and there so that favored groups can enjoy the sunlight. It shakes the leaves… but the shadow of the Deep State is darker than ever.

  • Tax Cuts for the Rich… Hallelujah!

    17.11.2017 • United StatesComments Off on Tax Cuts for the Rich… Hallelujah!

    BALTIMORE – Have we been too cynical?Yesterday, the House passed its big tax-cut bill. The Dow popped up 187 points on the news. A reporter asked us later: “Will the Dow go to 40,000?”Assuming a tax bill comes through the Senate and out of committee in

  • Europe Uses “Economic Steroids” to Get Ahead of the US

    17.11.2017 • AustraliaComments Off on Europe Uses “Economic Steroids” to Get Ahead of the US

    How did Europe manage to out-flex the US? With natural growth? Heck no. The European Central Bank kept pumping the economic steroids - negative interest rates and money printing - for longer than the US. Europe may well puff out its chest, but all it's done

  • The World’s Major Economies Have Been Padding the Markets

    01.11.2017 • United StatesComments Off on The World’s Major Economies Have Been Padding the Markets

    The coast is clear for a blow-out spree of money printing, borrowing, spending, and debt. The world’s major economies are ready – with Shinzō Abe re-elected in Japan… Europe still under the spell of Mario Draghi… Donald Trump ready to do the Deep

  • JP Morgan Scandal Exposes Multi-Billion Dollar Fraud

    10.10.2017 • United KingdomComments Off on JP Morgan Scandal Exposes Multi-Billion Dollar Fraud

    JP Morgan found a surprising way of reducing the enormous fines it was struck with back in 2012 and 2013. Most of the fines had to be paid in debt forgiveness to customers instead of cash to the government. The problem is, JP Morgan forgave debt that was no

  • Don’t Let Your Financial Advisers Buy These…

    28.09.2017 • FranceComments Off on Don’t Let Your Financial Advisers Buy These…

    To buy 100-year bonds, you have to be both incompetent and irresponsible. Incompetent not to foresee the turnaround of rates and irresponsible because these buyers aren't risking their own money. No sound-minded biped would put his retirement savings into a

  • You Are Destined to Suffocate Under Debt

    27.09.2017 • FranceComments Off on You Are Destined to Suffocate Under Debt

    When the biggest buyer becomes the biggest seller, a market turnaround is to be expected. Except that the Fed will not let such a turnaround occur and will turn on board immediately. More debt and more fake money will spill over in the United States, Europe,

  • Why You Should Buy Gold Now Before the Price Skyrockets

    27.09.2017 • United StatesComments Off on Why You Should Buy Gold Now Before the Price Skyrockets

    Higher inflation - the only way to keep America from going broke. Unfortunately, it will also make your money worth less. Now is a perfect time to buy some gold.

  • France to Invest €1,000 per Inhabitant

    27.09.2017 • FranceComments Off on France to Invest €1,000 per Inhabitant

    Once again, the French government proudly announced a plan to invest € 57 billion over five years... just like the plans they've been announcing since 1974. Despite debt piling up, French wages and employment haven't budged.

  • Time to Jump Off This Runaway Money Train.

    20.09.2017 • United StatesComments Off on Time to Jump Off This Runaway Money Train.

    Over the next 10 years, the U.S. government is on course to spend $10 trillion it doesn’t have. It has also committed to a further $80 trillion in entitlements for which it has no known source. Only growth can save it.

  • We’re Only A Fraction of a Point from a Crash Alert

    15.09.2017 • United StatesComments Off on We’re Only A Fraction of a Point from a Crash Alert

    The Doom Index is still at a reading of 7 – our “extreme warning” level – as we enter the final month of the third quarter.

  • Sad! Republican Party Fractures

    14.09.2017 • United StatesComments Off on Sad! Republican Party Fractures

    No genuine tax reform. No repeal and replace of O’care.And now, with the debt ceiling out of the way, there will be no halt to the Debt Bomb Express… running wide open and bound for Hell.

  • Two Competitors Are Vying For the Global Currency Throne

    13.09.2017 • FranceComments Off on Two Competitors Are Vying For the Global Currency Throne

    Nowadays, central bank-controlled fiat currencies have two main competitors: gold and cryptocurrencies, like Bitcoin. These are two assets that can not be infinitely multiplied. How are central banks reacting?

  • You Might Be Paying for the State to Fail

    12.09.2017 • SwitzerlandComments Off on You Might Be Paying for the State to Fail

    Progress is usually made by trial and error... but sometimes these trials can last generations. The key is to recognize failure quickly, and try something different. The French government is starting and subsidizing failing trials that could last multiple