Unfortunately, I agree. I don't see a peaceful resolution. Only a gradual worsening of the current situation.
Ah yes, the "globalization ensures peace" theory. I suggest that as globalization peaks, as it did just before 1914 and 1929, that the subsequent...
I have been following Faber for years. He is one of the few to predict this crisis. One week before the 1987 crash, he urged investors to get...
I think we are already going thru peak conventional oil. Understanding peak oil is complicated because there are different grades of oil and...
Then short it. But keep in mind: Central Banks are now net buyers of gold. There's a reason for that. If you want to bet against the...
The Euro is faulty as designed. And Germany, by having the highest trade surplus and low consumption, is also contributing to the Euro's demise....
Oil is fungible. The price of Canadian, Mexican, or GOM oil is affected by what happens in the Middle East. No one is immune, especially...
morganist, Good luck with the blog! I've been blogging since last September. I have a new appreciation for bloggers that post several...
Ed, The debt does not have to be paid off completely. No sovereign debt should be paid off completely as that would be extremely deflationary....
I agree with you. Yes, barring complete incompetence, the US can never default on its debt, but I will also add: the US, barring complete...
FWIW: http://m.economist.com/free-exchange-21014702.php From the article: "Iâve poked around on this, and it seems to be a legal black...
Well said.
darkhorse: Keep in mind, the number one thing that adds value to the dollar is the fact that taxes are paid in dollars. Economic output is...
Political, Economic, and Societal complexity is how I view the multi-shelled system you describe. Hypercomplexity creates its own downfall....
Sure thing. But I'll have to respond tomorrow. It's night time here... I'm heading out on the town soon.
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