The Fatal Flaw at the Heart of Modern Economics
• Lewrockwell.comWe are visiting our children in the US before heading to Europe for the summer.
Contents Pages by Subject
Economy - International
Forget the Headlines: Chinese Buying Big in US
• cnbc.comAlthough all the news about Chinese investment in the U.S. have focused on the deals that don't get done, Chinese investment in the U.S. is at an all-time high.
Are Japanese Bonds Signaling Trouble?
Stephen Lendmaneconomy
Silver Halted 4 Times Overnight Amid Flash Crash
• zerohedge.comWhile we have become used to the almost daily trading-halts in Japanese government bonds, when the CME reports that Silver trading was halted four times overnight, it is increasingly clear that this market is anything but 'normal':
The Gold Shorts Continue To Pile On
• Business InsiderGold prices are up modestly today, but continue to be near their lows of the year.
How Ontario Plans to Become the World’s Top Technology Hub
• arcleinOntario is home to about 40 percent of Canada’s population and accounts for 48 percent of Canada’s gross domestic product. It’s the fourth-largest population center in North America, after Mexico City, New York, and Los Angeles, and it produces more
Taxes on some wealthy French exceed 100% of income
• ReutersMore than 8,000 French households' tax bills topped 100 percent of their income last year, the business newspaper Les Echos reported on Saturday, citing Finance Ministry data.
Disconnect: Soaring Markets/Troubled Economies
Stephen Lendmanfinance
The Experiment Begins: Cashless Society Arrives in Africa Biometric Natl Identity Smart Card
• www.dailypaul.com"As part of the program, in its first phase, Nigerians 16 years and older, and all residents in the country for more than two years, will get the new multipurpose identity card which has 13 applications including MasterCard’s prepaid payment technolo
Pope Francis urges global leaders to end 'tyranny' of money
• www.telegraph.co.ukPope Francis has attacked the “dictatorship” of the global financial system and warned that the “cult of money” was making life a misery for millions.
Europe pushes Switzerland to end bank secrecy
• ReutersEuropean Union finance ministers gave the green light to start talks with Switzerland and Liechtenstein about surrendering bank data, as Europe stepped up its fight against tax evasion. The move, described as 'historic' by Germany's Finance Minister
Euro rises vs dollar, German ZEW holds key to more
• http://in.reuters.com, By Anirban NagThe euro rose versus the dollar for the first time in four sessions on Tuesday, helped by profit-taking on bets favoring the U.S. currency and by expectations that German investor morale could nudge higher.
Spain, Portugal demand quick action on bank union
• APThe leaders of Spain and Portugal demanded that the 17-nation eurozone speed up efforts to create a banking union and complained that credit is frozen in their countries, preventing economic growth and crucial job creation.
Marc Faber: "Something Will Break Very Badly"
• zerohedge.comDuring an interview with The Globe and Mail, 'Gloom, Boom, and Doom's Marc Faber unleashed some awful truthiness about gold "I buy gold every month", real estate "bubble territory", and the likelihood of a crash in smoke-and-mirrors-like asset market
Yen Falls Beyond 101 per Dollar on Bond Purchases; Franc Slides
• www.businessweek.com, Lucy Meakin and Kevin BucklaThe yen weakened beyond 101 per dollar for the first time since April 2009 after a government report showed Japanese investors boosted holdings of overseas bonds, ending the longest streak of sales since January 2010.
What Would War Between Israel And Syria Do To The Already Fragile Global Economy?
• Michael via The Economic CollapseWar is a horrible thing. Just ask anyone that has ever been in the middle of it. And in this day and age governments around the world possess weapons of such incalculable power that war should be unthinkable.
German euro founder calls for 'catastrophic' currency to be broken up
• www.telegraph.co.uk, Ambrose Evans-PritchardOskar Lafontaine, the German finance minister who launched the euro, has called for a break-up of the single currency to let southern Europe recover, warning that the current course is "leading to disaster".
The Great Gold Redemption
• The Daily BellThe most puzzling part of the investment business is seeing how the vast and largely economically illiterate masses interpret any given piece of news.
The Monarchs Of Money
• zerohedge.comThe world's central banks have printed unimaginable amounts of money in recent years - "these guys are really more powerful than the government."
Marc Faber on the state of silver, gold, and commodities
• youtube
Tower of Basel
• arcleinThe world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity.” Which naturally raises the question, who or what will serve as this global central bank, cloaked with the power to issue the
20 Signs That The Next Great Economic Depression Has Already Started In Europe
• http://theeconomiccollapseblog.com, By MichaelThe next Great Depression is already happening - it just hasn't reached the United States yet.
The next domino: Australia doubles tax on retirement savings
• http://www.sovereignman.com, by Simon BlackThough Australia’s national balance sheet is comparatively quite strong, the government has been running at a net deficit for years… and they’re under intense pressure to balance the budget.
The World Just Got A Big Bucketful Of Crappy Economics News
• Business InsiderWe're at the start of a furious three-day sprint of data.
Jim Rickards on gold at the Sovereign Man event in Chile
• youtube.comJim Rickards on the future of the international monetary system, speaking at the Sovereign Man:
Spain’s Economy Is Now as Bad as Greece’s
• http://www.usnews.com, By Rick NewmanFor most of us, the Great Depression is a distant abstraction most relevant as the last time the economy was worse than it has been lately. But for some unhappy Europeans, Depression-style living is a thing of the present.
Nigel Farage on “wholesale, violent revolution” in Europe
• Sovereignman.com“When the next phase of the disaster comes, they will come for you“
'There will be more wealth confiscation, without a doubt'
• www.telegraph.co.ukSavers and investors face further "wealth confiscation" in Europe as the continent struggles to resolve the single currency's problems, a bank chief has said.
The Multi-Trillion Dollar Derivative Bubble:
• http://www.globalresearch.ca, By Tyler DurdenAt $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World (Hint: Not JPMorgan)
In Europe, widening impatience over austerity hits politicians hard
• Washington PostWith economic growth stuck near zero and unemployment rising, Europeans are increasingly impatient with the budget discipline imposed as part of the European Union’s showcase anti-crisis pact.
Watch Streaming Broadcast Live:
LRN.fm
DLive
Live Chat
Telegram
Telegram
