The Destruction Of The Euro
• https://www.zerohedge.com, by Tyler DurdenThe Eurozone is bust. The deterioration of TARGET2 imbalances have been hardly noticed, but in recent months it has been alarming.
ON AIR NOW
Click to Play
The Eurozone is bust. The deterioration of TARGET2 imbalances have been hardly noticed, but in recent months it has been alarming.
Due to COVID-19, almost every country in the world closed its borders. Over seven months later, most governments still restrict travel, economic activity, and social gatherings.
Thursday marks the beginning of a two-day European Council summit where - Brussels had hoped, at least - a trade deal between the UK and its 27 EU allies could be reviewed and placed on the road to ratification (remember, every individual member stat
Two German cities, Munich and Frankfurt, were found to have the highest risk of a housing bubble developing in a recent survey released by investment bank UBS. Other cities at risk were Toronto, Hong Kong, Paris, Amsterdam and Zurich.
Rabobank: The Press Gave "Russiagate" Front-Page Coverage For Years... It Now Refuses To Cover An Actual FBI Agent's Quotes
As the world obsesses over Trump's taxes or whether or not he is using oxygen during his covid hospitalization, the biggest overhaul in monetary and currency history is quietly taking place just behind the scenes.
Matt Smith and Doug Casey...
Crown Estates, which manages the Queen of England's portfolio, recently wrote down the value of 17 shopping and leisure centers by 17%, cutting Her Majesty's net worth by £552 million.
A significant cooldown has arrived, with the jet stream from Canada plunging this weekend, which will allow the eastern United States to experience its first taste of fall for much of next week.
The END Of Freedom?
At the turn of the 20th century, the United States had recently become the largest economy in the world… and it was showing.
Dubai. Abu Dhabi. Bahrain. And, of course, Saudi Arabia. The two emirates this year issued debt for the first time in years. So did Bahrain.
While the world's attention is absorbed by tectonic shifts unfolding across America as "a perfect storm of civil war, and military coup threatens to undo both the elections and the very foundations of the republic itself," something very ominous
I would worry less about the gods and more about the fury of a patient man."
While the world's attention is absorbed by tectonic shifts unfolding across America as "a perfect storm of civil war, and military coup threatens to undo both the elections and the very foundations of the republic itself, something very ominous h
Three things we learned last week:
"Never so much owed to so few."
Last year saw the mainstreaming of a Voluntary Human Extinction Movement (Vhemt). According to its American founder who goes by Les U. Knight, "I've seen more and more articles about people choosing to remain child-free or to not add more to thei
Since the burst of Spain's madcap housing bubble in 2009, squatting - the unlawful occupancy of uninhabited buildings or unused land - has become a major problem.
A $500-billion smart city. A $200-billion solar farm. Billions of dollars in investments in gas and petrochemicals. These were all facets of Saudi Arabia's Vision 2030 - perhaps the most ambitious economic diversification in the world.
The COVID-19 pandemic hasn't stopped the world's wealthiest families from growing their fortunes. As Visual Capitalist's Carmen Ang notes, over the past year, the richest family - the Waltons - grew their wealth by $25 billion, or almost $3 milli
In the wake of the economically disastrous covid-19 shutdowns, the political class has desperately tried to save the failing euro system.
Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the fall of France as the French government announces another 100 BILLION Euro relief plan to stimulate the economy.
... Of All Possible Commodities
Nasdaq futs are down 11% (correction from their highs last week), and the rest of the majors are down around 5%...
Over the last two decades, Western economies have been increasingly driven by debt.
Demography is destiny, they say. The early classical economists -- Smith, Ricardo, Malthus, Mill, Marshall, and others -- were keenly interested in the role that the young and the aged played in building wealth.
Serbia and Kosovo have committed to economic normalization.
Former Central Banker: "The World Is Heading Towards A New Monetary System That Incorporates Gold"
Our world is currently suffering from acute schizophrenia.