G20 meeting will fail

This week there will be a meeting between G20 leaders and central bankers in London to save the world economy.

Let us make it very clear – the meeting is bound to fail. There is no chance that the G20 leaders will reach an agreement that will save the world economy. Even two world leaders can’t agree on how solve … Read the rest

Continue reading

A Devalued Gordon Brown

In our February Newsletter we discussed the bankrupt UK econony. MEP (Member of European Parliament) Daniel Hannan makes a scathing attack on Gordon Brown and his failure in running the UK economy,  in the video clip below. This is an outstanding and extremely articulate speech accusing a devalued Prime Minister for having run the UK out of money. A MUST … Read the rest

Continue reading

Bankers beware

by Egon von Greyerz

The incitement to violence is gaining momentum and the latest example is an article in the Daily Mail:

Seize their Porches and throw them in jail! Shameless bankers are worse than Train Robbers

Read the rest Continue reading

Quantitative easing = Unlimited printing

by Egon von Greyerz

The Fed decided yesterday to spend another $ 1.15 trillion to try to save the financial system. They will spend $ 750 billion to  buy mortgage backed securities and $ 300 billion to buy long term Tresuries.

These purchases will make the Fed’s balance sheet baloon to $ 4 trillion. Most of their assets will consist … Read the rest

Continue reading