Category: Global Debt Crisis
The analysis published under this category are as follows.
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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Saturday, May 15, 2010
Japan The Sleeping Sovereign Debt Crisis Giant / Interest-Rates / Global Debt Crisis
By: Bryan_Rich
Over the course of this year in my Money and Markets columns I’ve presented some compelling reasons why the euro zone and the euro were in for a life threatening crisis. And despite the general consensus along the way that the problems in Greece were contained and that dips in the euro should be bought, I maintained that the euro was in a no-win situation.
Friday, May 14, 2010
Budget Busting Bailouts in Europe Drive Global Debt Burden Higher! / Interest-Rates / Global Debt Crisis
By: Mike_Larson
I’ve been out in Las Vegas this week for the MoneyShow. So naturally, I have gaming on the brain. My conclusion after reading the latest news out of Europe?
The European Central Bank (ECB) and European Union (EU) policymakers are going “all in” to head off the sovereign debt crisis there. Specifically …
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Thursday, May 13, 2010
Greek Debt Wildfire Engulfs the Euro in Flames, Boosts Gold / Interest-Rates / Global Debt Crisis
By: Gary_Dorsch
It takes a lot more time to safely extinguish a fire than it does to start it. There’s an important lesson to be learned from a sad story of a homeowner, who had been burning debris in the backyard of her home, and thought she had put the fire out. She later found out the fire had spread and was burning grass underneath her deck porch, which soon engulfed her two-story brick frame home in flames.
The woman tried to put the fire out and called her 14-year-old son to help. Unable to extinguish the blaze, the woman finally called 911 for help. However, by the time fire officials arrived, the fire had burned most of the backyard and the home was fully engulfed in flames. The incident is a reminder of the importance of calling authorities early when fires occur, instead of trying to put them out your-self.
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Wednesday, May 12, 2010
Financial Markets Debt Currency Shock Events and Gold Breakout / Stock-Markets / Global Debt Crisis
By: Jim_Willie_CB
The events of the last 12 to 18 months have been as shocking as they have been instrumental in reshaping the global financial structures. In fact, the events have pointed out the fracture of the global monetary system and banking systems. The steady stream of events is accelerating in scope and intensity. The fractures are finally being recognized. The key to understanding the continuation of disruptive and chaotic events is the realization that nothing has been fixed, no remedy put in place, no reform agreed upon, no liquidation of impaired bank assets completed, and no work toward a more stable system.
Wednesday, May 12, 2010
Credit Crisis Turning Into a Currency Crisis as Governments Devalue Currencies to Devalue Debt / Currencies / Global Debt Crisis
By: The_Gold_Report
"We're heading toward government devaluing its currency to devaluate its debt in order to survive. That means you need to protect yourself. You can't just have savings accounts paying no interest. You need to go and buy gold," says Bud Conrad, chief economist with Casey Research, in this exclusive Gold Report interview. Despite the grim outlook for the U.S. dollar and other paper currencies worldwide, Conrad believes he and other speakers at the recent Casey Research 2010 Crisis and Opportunity Summit have information you need to both prosper and protect yourself during the coming economic storm.
Wednesday, May 12, 2010
Euro Zone Bailout is a Greek Tragedy in the Making / Economics / Global Debt Crisis
By: Ganesh_Rathnam
The recently approved eurozone bailout package, designed to buy more time for fiscally troubled nations such as Greece, Spain, and Portugal, is nothing short of a global Greek tragedy in the making. Of course, quite contrary to this, judging by the response of global stock markets, one would get the impression that happy times are around the corner. However, those of us who understand Austrian economics and believe in free markets and sound currencies can see one more nail driven into the coffin of paper fiat currencies such as the euro, US dollar, British pound, and Japanese yen.
Wednesday, May 12, 2010
E.U. Debt Bailout Delays the Inevitable Economic and Market Crash / Economics / Global Debt Crisis
By: Dr_Jeff_Lewis
It took absolutely nothing to bring the stock markets to their knees, but nearly $1 trillion to give them piece of mind. Yes, the European bailout may solve temporary woes, but in the end, it is nothing more than a temporary solution.
Wednesday, May 12, 2010
Using the Same Economic Recipe means getting the Same Tragic Results / Economics / Global Debt Crisis
By: Paul_Mladjenovic
As we all watch from a distance, Greece is crumbling under the weight of its own spending and statist profligacy. It is important to highlight why Greece is where it is and what it means for the United States:
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Wednesday, May 12, 2010
Greece Economic Depression Resulting in INFLATION NOT DEFLATION Surge / Interest-Rates / Global Debt Crisis
By: NewsLetter
The Market Oracle NewsletterMay 5th, 2010 Issue #27 Vol. 4
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Tuesday, May 11, 2010
"Drop Dead Economics": The Financial Crisis in Greece and the European Union / Politics / Global Debt Crisis
By: Michael_Hudson
Riddle: How are the Greek rioters like America’s Tea Party movement?
Answer: Both reject government being taken over by the financial oligarchy to shift the tax burden onto labor.
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Tuesday, May 11, 2010
E.U. Greece Bailout Fails to Defuse the Ticking Global Debt Bomb / Interest-Rates / Global Debt Crisis
By: Money_Morning
The ticking global debt bomb is in the in the spotlight again. Or, at least, it should be.
Greece's woes draw attention to the looming financing problems of other countries with a lot of debt. The strain of funding these requirements - the global debt bomb - is the greatest threat to global growth prospects. This is why central banks have flooded the financial system with money. It's the biggest and most critical financial battle of our time.
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Sunday, May 09, 2010
European Debt Crisis, What’s Up With The PIGS? A Picture Is Worth A Thousand Words / Interest-Rates / Global Debt Crisis
By: Charles_Maley
Once again, the media has many reasons (in hindsight) for the demise in Greece, Portugal and Spain, and of course are now forecasting how the situation will be resolved. Personally, I think this could be the beginning of the end for the Euro. Greece is the first test, but other European countries have problems, and the entire European Union are now called into question. Remember, the original goal was to unite different economies into one powerful trading block, with the Euro currency hopefully replacing the Dollar as the world currency.Read full article... Read full article...
Sunday, May 09, 2010
Greece Dreams of Bankruptcy / Interest-Rates / Global Debt Crisis
By: Pravda
If Greece does not receive financial aid by May 19, the country will become a bankrupt, the government warns. By that date Greece must pay off 9 billion Euros. Last week the country asked the International Monetary Fund for support. The decision regarding funds allocation will be made based on the results of three-way negotiations between the Greek government, European Committee and the IMF.
Saturday, May 08, 2010
Sovereign Debt Goes Bang! Challenge for Central Banks / Interest-Rates / Global Debt Crisis
By: John_Mauldin
The Risks from Fiscal Imbalances
The Challenge for Central Banks
Bang, Indeed!
The Center Cannot Hold
A Decent Employment Report
Last week we focused on the first half of a paper by the Bank of International Settlements, discussing what they characterized as the need for "Drastic measures ... to check the rapid growth of current and future liabilities of governments and reduce their adverse consequences for long-term growth and monetary stability." As I noted, you don't often see the term drastic measures in a staid economic paper from the BIS. This week we will look at the conclusion of that paper, and then turn our discussion to the fallout from the problems they discuss, initially in Europe but coming soon to a country near you.
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Friday, May 07, 2010
U.S. Military Might Cannot Win the Economic Struggle! / Politics / Global Debt Crisis
By: Sy_Harding
Government budget deficits and the debt crisis they created in Greece, and concerns that Portugal, Spain, Ireland, and Italy may be nearing similar situations, have been dominating the news and roiling global stock, bond, and currency markets for several weeks.Read full article... Read full article...
Friday, May 07, 2010
Is Sovereign Debt Crisis Contained to Subprime Countries? / Politics / Global Debt Crisis
By: Peter_Schiff
As Americans observe the chaos in Greece, most assume that the strength of our currency, the credit worthiness of our government, and the vast expanse of two oceans, will prevent a similar scene from playing out in our streets. I believe these protections to be illusory.
Friday, May 07, 2010
Atlantic Ocean No Barrier to Greece Debt Contagion / Economics / Global Debt Crisis
By: Pete_Grant
As the price tag for the EU/IMF bailout for Greece has steadily grown over the past several months and contagion within the euro-zone has commenced, US investors are beginning to realize that the widening European sovereign debt crisis may indeed have some significant implication on our side of the pond.
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