Written by The European Sovereign Debt Crisis that morphed into the European Banking Crisis is about to morph into a powerful worldwide deflationary spiral. The bankruptcy of MF Global, a former primary dealer for the U.S. Federal Reserve, has propelled a growing electronic bank run as many depositors have lost faith in the liquidity and solvency of [...]
READ MORE »Monthly archives for December, 2011
LIBERTARIANISM IS CRONY CAPITALISM’S NIGHTMARE
With the rise of Ron Paul in the Presidential Primary polls; America may be ready to crush crony capitalists by embracing “libertarianism.” As the founding philosophy that once unified our nation; today libertarianism represents the true existential threat to the crony capitalism that has flourished for decades in both established political parties. But with both [...]
READ MORE »UNITED STATES DOLLAR TRIUMPHS OVER EUROPE
In a stunning worldwide move, the U.S. Federal Reserve in coordination with the European Central Bank, Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Swiss National Bank and China’s Monetary Authority agreed to temporarily “dollarize” the euro. Facing a vicious bank liquidity crisis and a political nightmare; the German dominated European [...]
READ MORE »