Home » Archive

Articles in the International Category

Economy, International »

Originally posted at LewRockwell.com
Are you ready for interesting times and an exodus from the United States? A possibly apocryphal ancient Chinese curse goes “May you live in interesting times.” Those words may derive from an authentic Chinese proverb: “It is better to be a dog in a peaceful time than be a man in chaos.”
Either way, the message is easy to understand for anyone living in the summer of 2010. As I look over at Lucky, my golden retriever whose only concerns are when do we eat and when do …

International »

[11 Jun 2010 | Comments Off on The UK Fights Back & Some Reactions From The Web | ]

Concerned over the American politicians beating up on BP over the Gulf oil disaster, some British folks are speaking out as BP loses billions in market value (and impacts British pension funds in a terrible way).
In the most outspoken statement yet, John Napier, Chairman of the RSA Insurance company (insures BP), said:
There is no doubt that BP, as a UK PLC, is totally committed to do everything possible to contain the oil leak and meet all its obligations in the USA.
There is a sense here that these attacks are being …

Economy, International »

[9 Jun 2010 | Comments Off on Schiff On The Phantom Recovery | ]

In Peter Schiff’s latest commentary, he discusses further why the so-called recovery is anything but.  First up for a Schiff smackdown, the latest jobs report:
Last Friday we received the latest indication that the real economy is not recovering in the slightest. The Labor Department reported that non-farm payrolls increased by 431,000 jobs in May. In a press statement, the President himself crowed at the news, noting that the official employment rate fell to 9.7% from 9.9%. However, just inches below the headline, red flags were everywhere. Only 41,000 of those …

Economy, International »

It’s truly amazing how many potential black swans are circling around our beloved economy. While the mainstream media and government comments speak to some type of recovery, most readers of this website and others like it know that the recovery is a joke. In addition to an economy that is structurally flawed (too much debt, too many homes, buildings, not enough productive jobs, too much government, too much taxation and regulation, etc.), the economy is also facing a number of black swans that can hit at any moment. …

China, International »

China “reassured” the global economy that they had no intention of unloading European debt.  While the market on Thursday responded to this by jumping a few hundred points on the Dow, I believe people are overreacting somewhat to this “good news”.
If you hold a significant chunk of an asset, say some European debt, would you announce that you plan to sell it before actually selling it?  Obviously by announcing your intentions, you would result in many other parties attempting to sell before your do.  The obvious result would be a …

Economy, Gold, Inflation, International »

[18 May 2010 | Comments Off on Must Watch Video: THE MELTUP | ]

The following video does such a fantastic job of thoroughly explaining the global economy and the issues we face in simple terms.  Anyone can understand this video.  Warning, the video uses facts and figures that  you might not like.  The video is close to an hour long, so skip American Idol tonight, and watch this instead.  You won’t be disappointed.

Debt, Economy, Gold, Inflation, International »

The global economic strategy and policies moving forward is clear.  The printing of fiat currencies is the sole strategy and solution to every economic issue around the globe.  The trillion dollar bailout was meant to stabilize the Euro and send a message to the markets that the Euro will be defended (not sure how printing a trillion units of a currency symbolizes defense).  The effect was quick but has already began to fade.  Default and collapse in Europe might be prevented for a few months, but how much will be …

International »

The following is from Senator Jim DeMint
The International Monetary Fund board has approved a $40 billion bailout for Greece, almost one year after the Senate rejected my amendment to prohibit the IMF from using U.S. taxpayer money to bailout foreign countries.
Congress didn’t learn their lesson after the $700 billion failed bank bailout and let world leaders shake down U.S taxpayers for international bailout money at the G-20 conference in April 2009. G-20 Finance Ministers and Central Bank Governors asked the United States, the IMF’s largest contributor, for a whopping $108 …