By John Kay More than a half-century ago, John Kenneth Galbraith presented a definitive depiction of the Wall Street Crash of 1929 in a slim, elegantly written volume. Embezzlement, Galbraith observed, has the property that […]
by Raúl Ilargi Meijer Unknown Soldier group, Federal Army 1865I have plenty to say on the topic of this essay. But the most important thing I think is that I know the EU is blowing […]
by Phoenix Capital Research The situation in Greece boil down to the single most important issue for the finacial system, namelycollateral. Modern financial theory dictates that sovereign bonds are the most “risk free” assets in the […]
by Chris Martenson The new Greek political party, known as Syriza, the Coalition of the Radical Left, has done the unthinkable: they’ve dared to speak the truth. In this case, the truth is perfectly captured […]
By The Automatic Earth Ben Shahn Quick lunch stand in Plain City, Ohio Aug 1938 Oil producer Russia hikes rates to 10.5% as the ruble continues to plunge, while fellow producer Norway does the opposite, and cuts […]
By Michael Snyder When is the U.S. banking system going to crash? I can sum it up in three words. Watch the derivatives. It used to be only four, but now there are five “too […]
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