Tag Archives: UK

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    Europe’s Mexican Standoff

    All's fine until someone blinks
    by Alasdair Macleod

    Tuesday, November 20, 2012, 7:08 AM

    21

    Executive Summary

    • Germany is unlikely to break solidarity with the rest of the Eurozone while Merkel remains in charge. But she may not last as long as she'd like.
    • France's economy is deteriorating at an alarming rate.
    • Most of France's "stability" to date is due to inflows of money fleeing Spain and Italy. That will stop soon – and then what?
    • The UK is suffering from many of the same ills as the U.S. However, its banks are too dependent on Eurozone debt for it to take drastic counter-measures, and so it is handcuffed to the future of the Continent.
    • All is well as long as no one defaults or no one leaves the Eurozone. With each player's position deteriorating, how long can the status quo last?

    If you have not yet read Europe Is Now Sinking Fast, available free to all readers, please click here to read it first.

    In previous articles, I have given Peak Prosperity's enrolled members the lowdown on the weak Eurozone governments and looked at the crisis from Germany’s point of view. With respect to Germany, all that can be added is that her political elite is still frozen in inaction and show no signs of snapping out of it. Mrs Merkel, particularly, is still pursuing the out-of-date Euroland ideal. It is as if she has decided that she has no alternative. Come what may, it will have to succeed in the end, and she is not going to be the one who calls “uncle.”

    I don’t know how these things work in Germany, but in the UK there comes a point where “the men in grey suits” metaphorically tap the leader on the shoulder and politely instruct him or her to resign. It happened to Mrs Thatcher, and unless she has a change of heart, it could happen to Mrs Merkel before next November’s German elections. And when that happens, the withdrawal of Germany from the euro can be expected to begin.

    In this article we will update the deteriorating situation in two other key players on Europe's chessboard: France and the United Kingdom. And we'll reveal why the current system is like a Mexican standoff: Everything is stable until someone makes a move. Then all hell breaks loose…

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  • Blog

    Daily Digest 12/27 – Home Prices Fell, UK Inflation, Deepwater Horizon’s Final Hours

    by DailyDigest

    Monday, December 27, 2010, 4:00 PM

    0
    • Home Prices Probably Fell, Baring Weak Link in Accelerating U.S. Recovery
    • Foreign Central Banks’ US Debt Holdings Rise – Fed
    • The UK Inflation Genie is Out of the Bottle
    • Mauldin: Some Thoughts on Market Timing
    • Gold Advances as Investors Buy After Dip on China Rate Rise Boosts Appeal
    • Central Arkansas Growing Weary Of Relentless Tremors
    • Deepwater Horizon’s Final Hours

    Crash Course DVDOwn the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)

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  • Blog

    Daily Digest 12/8 – Treasury Spike After Tax Deal, Unemployment Insurance Rate Rises, World Oil Supply Crisis

    by saxplayer00o1

    Wednesday, December 8, 2010, 4:00 PM

    0
    • Tax Cuts Could Hurt Moody’s U.S. Rating: Report
    • Treasury Yields Spike After Tax Deal
    • New York State Pension $71 Billion Underfunded, Empire Center Report Says
    • Social Security Fund Can Weather Tax Break
    • Florida’s 2011-12 Budget Outlook Getting Gloomier
    • Unemployment Insurance Rate To Rise (Nevada)

    • Increases In Unemployment Insurance Rate Could Impact Small Businesses (Utah)

    • Nys Public Pension Costs Will Double In 5 Years: Report
    • Top Pension Schemes Facing Funding Shortfall ‘Soars By 50 Per Cent’ (UK)
    • City Oks $67 Million Budget, Ends Trash Pickup At 450 Properties (Poughkeepsie)
    • Fight Brews Over Houston Budget, Furloughs
    • Greenlight’s Einhorn Says Global Sovereign Debt Crisis Looms

    • Higher Gas Prices Mean Cuts For Some Shoppers
    • World Faces Oil Supply Crisis – Iran Opec Chief
    • Governor To Call Emergency Session (Washington)
    • ECB Said to Be Buying Irish, Portuguese, Greek Government Securities Today


    Crash Course DVDOwn the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)

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  • Blog

    A New UK Version of the Crash Course

    by Chris Martenson

    Friday, December 3, 2010, 4:34 PM

    0

    I traveled to the UK for a series of talks and meetings earlier this year.  After a presentation to the City Council of Bristol, I was approached by Matt Dunwell, who expressed interest in creating a 45-minute version of the Crash Course for the UK/European audience.

    And thanks to a generous donation from Matt, we’ve done just that.  It’s now freely available to all – here’s the first five minutes:

    [video:http://www.youtube.com/watch?v=msTW7D_rSm4&p=AFF8951B6CB05AC2]

    Click here to access the entire presentation.

    We’re also making a DVD of this new version (in PAL format only—not compatible with North American DVD players) available for sale ($10/USD).

    In the US, similar DVDs have proven to be effective vehicles for introducing the ‘Three Es’ to friends, family, and colleagues who may not have time to take in the full three-hour Crash Course online. Those interested can click here to purchase.

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  • Blog

    Daily Digest 11/19 – China Curbs Inflation, Oil Shock in UK, Fuel Economy Hits Record

    by DailyDigest

    Friday, November 19, 2010, 4:00 PM

    0
    • IMF Says Hong Kong Property Prices May Spur Slump
    • Dollar Slips as Bernanke Defends Easing
    • China Takes Moves to Curb Inflation
    • Oil Shock Warning for UK Government
    • Alaskan Court Accuses BP of Criminal Negligence
    • Cold Comfort as Energy Prices Increase Again
    • As Things Fell Apart, Nobody Paid Attention
    • Fuel Economy Fleetwide in U.S. at Record Levels

    Help your finances weather a tumultuous economy by reading our ‘What Should I Do?’ guide

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  • Blog

    The Financial Crisis Is Far From Over

    by Chris Martenson

    Wednesday, May 12, 2010, 8:54 PM

    0

    I give really, really boring advice. For years it has not changed a whit, and that’s just not the way to run a newsletter business.  There should be some movement, some pizazz, new things to ponder.  Instead I just keep saying the same thing over and over again.

    Buy gold (and silver, too).

    This is what I’ve been saying for the past seven years, ever since gold was in the $300’s and silver was under $5, so you might be tempted to think I am simply another gold bug.  While I confess to finding a certain allure in heavy bullion coins – they sound great tossed on a counter and feel good in my hand – I am not really a gold bug.

    Instead, what I am is a gigantic, unrelenting, anti-fiat-currency bug.  Well, at least I am anti-mismanaged fiat currencies, but that pretty much encompasses them all to varying degrees.

    As with all investment,s I have an exit strategy in my mind that will dictate when I sell my gold and silver to place those funds in other productive investments.  Unfortunately, that day seems further away than ever.

    Let me explain why.

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  • Blog

    Nowhere To Run – A Monetary Crisis

    by Chris Martenson

    Saturday, March 6, 2010, 4:39 PM

    0
    A new Martenson Report is ready for enrolled members.
    LinkNowhere To Run – A Monetary Crisis

    Executive Summary

    • Nations around the world are insolvent and on their way to bankruptcy, a fiscal crisis, a currency crisis, or all three.
    • World markets are currently interlocked to a troubling degree.
    • A falling currency is always a cross-border event.
    • The German DAX, the Dow Jones, and the FTSE 100 charts are nearly indistinguishable.
    • A bigger trigger than Greece will be needed to set off the next round of global trouble.
    • The UK is a highly qualified candidate for that role; Japan is also a likely possibility.
    • Expect the unexpected.  The future is going to change suddenly and rapidly.

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  • Blog

    My Recent Talk at the UK House of Parliament

    by Chris Martenson

    Monday, March 1, 2010, 6:30 PM

    0

    NOTE:  We had some difficulty with the links to this talk which we have now mostly fixed.  There’s no video, but audio for the whole event is now uploaded to this site as are the PDFs links to which are provided below. 

    My recent talk at the House of Parliament was recorded and has just been put up on their website.  A video of the talk itself, a PDF of the slides, and an audio (MP3) recording of the Q&A session are all available.

    I have only watched the video and have not yet listened to the Q&A, so I don’t know if that portion came out at all.  (I imagine that the questions themselves will not have been captured well by the single microphone at the front, so hopefully I remembered to restate the questions like a good presenter should).

    But the video is certainly passably good for a single camera perched on a table off to the side.  If you flip through the slides as I talk, it’s not too hard to follow along, although the slides cannot be seen at all on the mini-screen.

    (Links to everything below)

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  • Blog

    Daily Digest – Mar 31

    by Davos

    Tuesday, March 31, 2009, 2:50 PM

    0
    • Funnies
    • Russia backs return to Gold Standard to solve financial crisis
    • Russia, China cooperate on new currency proposals:
    • OCC 4th Quarter Derivatives Report…
    • Closer Than I Thought?
    • Jim Rogers (Video US Dollar)
    • AIG Employee Bonuses a ‘Missed Opportunity’ (Video)
    • The Quiet Coup
    • No Time For T-Bonds (H/T Suzie)
    • US bank bailout fund down to $135 bln

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  • Blog

    Daily Digest – Mar 26

    by Davos

    Thursday, March 26, 2009, 3:16 PM

    0
    • Live, From New York its Saturday Night (Well not really, only if you don’t have cable)
    • FACT CHECK: Obama having it both ways on economy?
    • US lawmaker: Obama budget makes US worse than Cuba
    • Prime Minister Brown Takes a Tongue Lashing..(Video Devalued Leader of Devalued Govt.)
    • EU presidency: US stimulus is ‘the road to hell’
    • The Answer, of Course, Is ‘No’
    • Japan Exports Drop Record 49% as Global Slump
    • U.K. Bond Auction Fails for First Time Since 2002
    • Geithner ‘open’ to China proposal
    • Postal chief says post office running out of money
    • The New California Gold Rush
    • White House to Hunt for New Tax Revenues

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