It’s a big mistake to assume that bank balance-sheets across Europe have already seen the worst as the global economic recovery enters its sixth month. Credit default swaps, contracting bank lending, tepid…
Tag: Sovereign Society A-Letter
Run away from Wall Street’s Wedding Bells!
A corporate merger is a lot like a marriage — except marriage has a better chance of working out… The numbers are simple. Divorce rates in the United States are hovering above…
How to count cards at Wall Street’s casino and win
I’ve made the analogy between Wall Street and a casino before. And it fits. It’s a rigged game. That’s nothing new. But in the same way you can count cards to tip…
A Commodity Kingpin’s Candid Thoughts on Austria & Switzerland From the Road
There’s nothing more beautiful than Vienna in the summer. There’s also nothing better than waking up to Viennese coffee… The best coffee in the world, in my opinion, is in Vienna. The…
Bankster Economics 101
Politicians, Bankers Show their True Colors When Challenged By Bloomberg… “Give this job to Clemenza. I want reliable people, people who aren’t going to be carried away. I mean, we’re not murderers,…
How Would You Respond to An Obama Wealth Tax?
Pretend, just for a moment, that you’re President Obama. You have big spending plans – national health insurance, two wars, and a trillion dollar bailout for your friends on Wall Street. Not…
Will the stock market crash this September?
Big bears on the U.S. economy – myself included – remain negative on the prospects of a sustainable economic recovery. I continue to view this rally as an opportunity to sell risky…
How Long Until We See $1,000 Gold?
And Why Cash4Gold Should Be Afraid…Very Afraid… Move over Cash4Gold, there’s a new spokesperson for retail gold investing…and their name is The People’s Republic. According to a recent article on Mineweb, China’s…
Austria Gives Up Bank Secrecy
For a little while there, it looked as if little Austria would be the mouse that roared. As I previously reported, on July 9, Austria’s Parliament failed to approve a resolution relaxing…
One former congressman’s banking nightmare
Bank You Very Much Or “The House Always Wins” Beginning in 1921, bank failures in America increased significantly. There were far too many banks and they were virtually unregulated. Taking note of…