Hungary Folds, Ready To Change Its Laws To Get European Bailout Money
If there is any one more vivid confirmation of Mayer Rothschild words "Let me issue and control a nation's money and I care not who writes the laws" then we have yet to find it. Today Hungary, which...
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On Mitt Romney's Defense Of Bain Capital And The Private Equity Industry -...
Lately, Bain founder and GOP presidential candidate Mitt Romney has found himself in a spirited defense of the private equity industry, doing all he can to spin decades of data which confirm, without...
View ArticleHow Inferior American Education Caused The Credit/Real Estate/Sovereign Debt...
Those who follow me know that I take a perverse pleasure in purposely making the Bourgeois squirm. Let today be no different. This is part 2 and 3 of my multi-part rant on how the inefficient education...
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Greece Bank Run Shows No Sign Of Stopping: Deposit Outflows Continue In November
The year is not over yet, and already Greece's banks have lost €36.7 billion of their deposit base in 2011, and a whopping €64.6 billion since the beginning of 2010, which is down from €233 billion to...
View ArticleDisappearing Ink
From Peter Tchir of TF Market Advisors Disappearing Ink As Europe limps from poorly planned idea to poorly planned idea, they have now resorted to looking at the back of comic books for solutions....
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NeW HaMPSHiRe 2012: BaNZai7 IN DePTH CoVeRaGe
. . . . . . ALIEN KORN . MITT BLINGER . ALL AMERIKAN MITT . . . . . UNCLE SANTORUM . ALL IN THE GOP FAMILY . . AMERICAN EDEN . . NAKED COWBOY DOOR TO DOOR . . . THE ROAD ANTI-WAR-RIOR
View ArticleHyperdeflation Vs Hyperinflation: An Exercise In Centrally Planned Chaos Theory
One of the recurring analogues we have used in the past to describe the centrally planned farce that capital markets have become and the global economy in general has been one of a increasingly chaotic...
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Presenting The World's Most Profitable Hedge Fund Ever: FRBNY LP
When one has $2.9 trillion in costless AUM (because if the cost is breached, one just doubles down, especially if one prints the money), it is not all that surprising to generate $77 billion in profits...
View ArticleHyperinflation Comes To Iran
Hyperinflation has struck again, this time at ground zero of the most sensitive geopolitical conflict in ages: Iran. EA WorldView reports: An EA source reports that a relative in Tehran ordered a...
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3 Year Auction Prices At Record High Bid To Cover, Direct Bidders At 2 Year...
We may well have reached the point where every single bond auction has to be a new record in something, or else (the else being the point where a reversal in yields becomes self-sustaining with...
View ArticleComplex Systems, Dysfunctional Industries, and Catastrophic Collapse
My favorite line: "In a nutshell, complex systems arise spontaneously, behave unpredictably, exhaust resources and collapse catastrophically." I think this applies to everything, physical systems, like...
View ArticleGuest Post: As Centralized Systems Devolve, The Solution Is Localism
Submitted by Charles Hugh Smith from Of Two Minds As Centralized Systems Devolve, The Solution Is Localism Depending on Central State/central bank borrowing and spending to prop up the Status Quo is a...
View ArticleObama To Ask For Debt Ceiling Increase In "Matter Of Days"
Not even an hour after we asked the question, The Hill gives us the answer: "The Obama administration will be asking Congress to raise the debt limit in the coming days, White House press secretary Jay...
View ArticleHedge Funds Now Hold Future Of Europe Hostage
Payback sure is a bitch. After being demonized for everything from the tiniest tick down in the EURUSD, to blowing out spreads in CDS, to plunging stocks across the insolvent continent, hedge funds,...
View ArticleGuest Post: Another Consequence Of Economic Decline
Submitted by Simon Black of Sovereign Man Another Consequence Of Economic Decline Nearly 10-years ago to the day, the government of Argentina collapsed. Beset by weighty deficit spending and a...
View ArticleThe Mafia Is Now "Italy's Largest Bank"
Whoever says there are no winners in the European banking crisis apparently has never woken up with a horse's head in their bed. According to a new report by Italian anti-crime group SOS Impresa, as...
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Fannie CEO Michael Williams To Quit After 2 Years, Pockets Millions After...
A few months ago we learned that outgoing Freddie CEO Ed Haldeman quit Freddie after just two years of work, pocketing over $4 million primarily to collect over $21 billion in bailout funds from the US...
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Guest Post: Inside Job At The SNB?
Submitted by Alexander Gloy of Lighthouse Investment Management Inside Job At The SNB? The official version: “Enormously dedicated” SNB chairman Philipp Hildebrand purchases 500,000 USD days before he...
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In The First Few Days Of 2012, US Mint Sells More Silver Than In Most Months...
In the first few days of 2012, the US mint has already sold 4.3 million ounces in silver coins. This is more than in all individual months of 2011 except for January and September, when the mint sold...
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Soaring Debt To GDP Is More Reponsible For Global Warming Than Rising CO2 Levels
Because the latest fad amongst the voodoo shamanry known as econ Ph.Ds, especially those who have a blog in uber-liberal daily publications courtesy of a nominal gift from the status quo for valiant...
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