by Raúl Ilargi Meijer William Henry Jackson Tunnel 3, Tamasopo Canyon, San Luis Potosi, Mexico 1890 The entire formerly rich world is addicted to debt, and it is not capable of shaking that addiction. Not until the whole […]
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 […]
The ECB’s €1.14 trillion move has been a slap in the face for the German establishment A German flag flies in front of the Bundesbank headquarters in Frankfurt. Photographer: Ralph Orlowski/Bloomberg By Derek Scally While […]
by John Rubino on January 22, 2015 Today the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone […]
The deeper issue is the European Central Bank papering over economic problems. BY DIANA FURCHTGOTT-ROTH, July 13, 2014 The Portuguese crisis over Banco Espirito Santo should be a reality check for European markets. Espirito Santo […]
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