According to the Greek authorities their exit from the Euro would be catastrophic. Of course, the other side of the argument-the EC officials-counter that it wouldn’t be that bad. It becomes more and more likely that Greece will leave the EC and go it alone. How this will affect the currencies and economies globally is […]
As the can tumbles down the road, we are now hearing that the Euro is showing signs of some deeper issues developing. At first the Euros flowed from the troubled nations to the core now the capital flows are outward, from the Euro to outside currency havens.
The Euro has lost 8% against the […]
The demise of our global economy is not an event that will go in a straight line to the bottom. It will be up and down with lots of posturing on behalf of the ‘leaders’ of the ‘developed’ countries.
Today is yet another example of this political posturing as the European Central Banker came […]
Since my last posting on this subject,not a whole lot has changed. Well, except the fact that this situation is getting worse, as we all knew it would, and the markets are noticing.
The stock markets have fallen in 3 of the last 4 days and most of the MSM is placing the blame […]
We are now a week out from the infamous vote in Greece to decide whether they stayed in the Euro or left. What has changed? To be quite honest, nothing! Our markets continue to be very volatile, including gold and silver. The markets, especially the sovereign debt markets are getting hammered. Spain is on the […]
Join Hawk and Steve Quayle for the latest breaking updates on the Euro Zone Crisis and how this could well affect our lives here in the U.S.
With Greece wanting out of the EC and further economic woes hitting all the ‘PIGGS’, some are reporting that the Euro has collapsed, at least unofficially. […]
Greek Prime Minister Lucas Papademos began a second round of negotiations with international creditors in Athens to stave off default as political leaders waver on budget measures and unions call their first general strike of the year. […]