Tag Archives: Credit

Krugman is a Con Man

By | July 5, 2021

Written by Peter Diekmeyer (CLICK FOR ORIGINAL) Gold’s biggest enemy is a brilliant Nobel Prize winning economist, university professor and columnist for the New York Times. Sadly, he is also a con man.  Last week Paul Krugman wrote a column for the New York Times in which he called Republican Paul Ryan, a “con man.”… Read More »

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I sincerely doubt €100 billion is going to solve Spain’s problems

By | July 5, 2021

The Euro and stocks both gapped sharply up over the weekend on news that EU finance ministers are moving forward with a €100 billion Spanish bailout. A few thoughts on this move: Where is the money coming from? (most EU Governments are broke) What precedent is this setting? (Ireland is already clamoring for a rewrite… Read More »

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Europe Is About to Implode

By | July 5, 2021

I’ve warned time and again that the EU would collapse in May-June. That collapse is here right on schedule. And NO ONE will be able to stop it. Here’s why: 1) According to the IMF, European banks as a whole are leveraged at 26 to 1 (this data point is based on reported loans… the… Read More »

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The inimitable Kyle Bass

By | July 5, 2021

Here’s a December 2011 snapshot from the inimitable Kyle Bass http://watch.bnn.ca/the-street/december-2011/the-street-december-13-2011/#clip584882 (sorry no embed for that one) Here’s another treat. Must watch for everyone who enjoys not being lied to. Unlike all other cheap talking heads, and know-nothing pundits who merely need a suit to make an appearance on one of the TV’s financial comedy… Read More »

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