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Written by Kathleen Packard
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Saturday, February 11, 2012 |
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The repeated rescue attempts by Europe’s chief lifeguards – Angela Merkel and Nicolas Sarkozy – may be in vain although the struggle continues. It looks like Greece may be headed for bankruptcy in the near future – despite Merkel’s recent statement: "We refuse to acknowledge Greece's bankruptcy. We can't accept this." Such determination is always admirable in a lifeguard.
However, with the bankruptcy application of Hostess Brands last month, it was clear that the sweet taste of confectionary does not last forever. Read more |
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Written by Jon Rosen
- USA Today |
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Tuesday, December 27, 2011 |
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To most Americans, the term "quantitative easing" is arcane economic jargon, introduced following the global financial crisis and, like most policies intended to spur recovery, yet to make much progress in reducing unemployment.
Yet to author James Rickards, QE, as it is known, is the United States' secret weapon in an unfolding global war — one fought not with soldiers, tanks or drones but with currencies.
In driving down long-term interest rates by flooding the market with freshly printed currency, the policy, Rickards Read more |
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Written by Lee Adler
- The Wall Street Examiner |
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Friday, December 16, 2011 |
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David Stockman, former Director of the White House Office of Management and Budget during the Reagan Administration, has in recent years become a prominent and outspoken critic of the Fed, central banking policies generally, government finance schemes, and other aspects of the world’s screwed up financial regimes. Mr. Stockman’s perspective on these issues is unique. He played an integral role in government in the early days of the long running credit and government finance bubble which led to the mushrooming mult Read more |
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Written by Ralph J. Benko
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Friday, December 02, 2011 |
 The BBC reports:
Venezuela has received its first shipment of gold bars, after President Hugo Chavez ordered the repatriation of 85% of the country's bullion reserves.
The gold was unloaded from a plane and taken under heavy guard to the Central Bank in the capital, Caracas.
President Chavez has explained the move as an act of sovereignty that will protect Venezuela's reserves from global economic turbulence.
However critics say it is expensive and unnecessary.
Much speculation has swirled around what Read more |
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Written by Kathleen Packard
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Monday, November 21, 2011 |
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Spain held elections Sunday. The Spanish Socialist Party (PSOE) was, as expected, thrown out and replaced by the Partido Popular (PP), led by Mariano Rajoy. With four out of ten young Spaniards out of work and the government imposing tough fiscal discipline, the result was hardly a surprise. His party is so unpopular that Prime Minister José Zapatero did not even seek reelection to a third term.
Citizens of Europe, like citizens of the United States, are unhappy. In Spain, the unhappiness Read more |
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