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European Debt Crisis

Watching video in the middle of the night

Submitted by Roanman on Sun, 10/28/2012 - 09:21


A couple of weeks ago Zero Hedge posted it's list of the top 15 "Economic Truth" documentaries.

We've been methodically grinding through them.

I think we'll probably post them all as so far I've liked every one of the eight I've sat through.

If you don't want to wait for me, hit the little gear above and watch them all back to back to back.

What the hell, if you live in New York City you'll probably be home all week anyway. 

The first selection offered for your consideration is "Overdose: The Next Financial Crisis."  It features; Peter Schiff, Gerald Celente, and Dennis Hannon, among others.

At 46 minutes it's about all I can handle in one sitting.

Highly recommended.



Do ya think they're trying to tell us something?

Submitted by Roanman on Tue, 08/21/2012 - 20:59


From Silver Doctors.

As always, click on the photo for the entire piece most of which I plagiarized like crazy for this post anyway.

Just trying to be honest about it.


A massive Euro sculpture was dismantled and removed from the Frankfurt International Airport in Germany Thursday.  

The sculpture is an exact copy of the one standing in front of the European Central Bank (ECB) in downtown Frankfurt and was made after a design by German artist Ottmar Hoerl.  

The 15m high blue and yellow sculpture stood in front of the terminal for 11 years. 

The official explanation is ‘the plastic parts are getting weak and the terminal needed the space‘.

Does € sculpture’s removal from the Frankfurt Airport indicate Germany is preparing for a surprise return to the Deutsche Mark?

I'm thinkin' ..... yyyup!

German workers dismantle a Euro sculpture in front of a terminal at the Frankfurt International Airport yesterday.


To quote Spanish Prime Minister Mariano Rajoy

Submitted by Roanman on Fri, 07/13/2012 - 14:15


A week or so ago we posted Nigel Farage's opinion on the competencies of Spanish Prime Minister Mariano Rajoy which was taken from a speech he had recently made from the floor of the European Parliment.

Below we offer just a sterling example ... so to speak ... regarding Mr. Farage's point.

As an aside, the photo below was taken at the very instant Mr. Rajoy discovered that circumstances had indeed changed.





What the?


Nouriel Roubini has an opinion.

Submitted by Roanman on Sun, 07/08/2012 - 19:13


Nouriel Roubini predicted the "Economic Crisis" of 2008 and meltdown of the morgage markets in 2005.

Here he is with a 9 minute interview during which time he offers his opinion on banks, bankers, the European debt crisis and the state of the world economy in general.

If you're looking for some cheerful little bit of entertainment this evening, just keep on moving, it ain't here.

If you think you want to know what the immediate future might hold, here's a guy with an opinion and a track record.

From Boomberg.


Ya gotta love Nigel Farage

Submitted by Roanman on Wed, 06/13/2012 - 09:48


I know we do around here.

As a member of the European Parliment Mr Farage has roasted the European Union, it's leadership, it's member governments, and it's currency the Euro on numerous occasions and with a mighty passion.

This particular rant may be his finest.

Our favorite part.

On Spain's Prime Minister Mariano Rajoy, "I've got the feeling after all his twists and turns that he is just about the most incompetent leader in the whole of Europe.  And that's saying something because there's pretty stiff competion."



You go Nigel.


A Global History of Debt by Region

Submitted by Roanman on Tue, 02/07/2012 - 19:23


From Credit Loan here's another pretty good infograph.

As always, click on the graphic for a short article that will offer some details the generalities of which you probably already have down.



I love the part about Argentina having reduced their national debt over the past decade.

Default and subsequently becoming an international credit pariah will do that for you.




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