In Europe, there recently were comprehensive attempts at stabilization, but the huge structural uncertainties that have beset the EU for some time were left unaddressed.
Peter C. Cavelti
And as to central banks, we believe they are far more likely to add to gold reserves than dispose of them.
Governments have created money on such a scale that the currencies of most major economies are inherently untrustworthy. Moreover, governments from the U.S. to Europe to Japan have vowed to fight further threats to their economies with quantitative easing, i.e the creation… Read More »Currencies of most Major Economies
The fortune of the United States during the postwar period has been that whatever chaos ill-guided policies in Washington created, Europe and Japan could be counted on to do even worse. And so it is again this time. The European banking system… Read More »The Fortune of the United States
A major financial dislocation appears imminent. I have extensively written about the three catalysts that could unleash calamity: -the reckless granting of low quality real estate loans;-the intransparency of trillions of dollars in outstanding derivatives;-and the lack… Read More »A major financial dislocation appears imminent
Declining birthrates in many nations will have a devastating effect on living standards and government finances, especially in the nations and regions with the most unhealthy demographic profiles: Japan, Russia and most of Europe. The generational implications are equally alarming, as fewer young people will be responsible for supporting a larger number of seniors.
We explore why the growing U.S. military engagement in the Middle East will guarantee massive instability for many years to come, sporadically dislocating financial markets, impairing economic growth and curtailing our civil liberties.