Showing results for tag "economic collapse"
Venezuela offers a "pre-screening" of the movie that is to play out in the EU and US.
Only hours after the Panamanian Government gazetted a new law, shock waves went through Panama's business community.
The bank robbers of a century ago have been replaced by the robber banks. And their partners, the governments, have unquestionably rolled out the red carpet for them to steal your wealth with impunity.
If we recognize that the sword of Damocles is indeed hovering above our own heads, we would be unwise to continue to sit below it and ponder whether the horse hair may break.
It is left to the reader to decide whether he will fall victim to coming events, or will use them as an opportunity to internationalize himself.
One of the first guests on the new Casey Research podcast was none other than Doug Casey, who spoke about the fascinating parallels between the end of the Roman Empire and the current scenario unfolding in the United States.
If you currently live in a country where rights are already eroding rapidly, you may wish to consider the potential for further loss, under the pretext of a "national emergency."
By considering Ron Paul's words on the petrodollar, we will know when the dollar collapse is imminent.
Recently, legendary crisis investor Doug Casey and I put our boots to the ground in Cyprus to search the rubble of one of recent history's most significant financial crises—the financial collapse and bank deposit raid in Cyprus—for incredible bargains. And we found them. We discuss in this newly released video.
With a second SWIFT system in place, combined with the end of the US dollar as the world's default currency, the US dominance over international financial system may well end.
Had Ludwig von Mises not internationalized himself, he would simply have been one more casualty of the oppression that followed and would be forgotten today.
Why a real government shutdown would be the best thing that could happen to Americans.
The warning signs are becoming more numerous with each passing day. The choice for Americans today is whether to wait and see if history repeats or whether to plan to be elsewhere before the deterioration advances further.
I had a chance to discuss with Ron Paul what I believe to be his most important, yet relatively unknown, speech. One that gives insight into when the dollar will lose its status as the world's premier currency.
Dependency upon government is a disease. Once it has been caught, it becomes chronic and does not reverse itself in a population until the system collapses under its own weight.
Those in Europe or North America may have noticed that governmental restrictions in their home country appear to be on the increase and that, in fact, the velocity of that increase is itself increasing.
Since the philosophy of collectivism is the root of most of the destructive policies in the US, and the West in general, it is important to understand its many pernicious implications. It is unfortunately a pervasive and growing force.
One possibility is that the financial problems of Detroit and other bankrupt US cities will be advantageously transformed by politicians into social issues, rather than economic ones. And as a result, the US federal government could institute a sort of "No City Left Behind" bailout policy.
Declare your own personal independence by diversifying your political risk to ensure that you are not under the total control of any particular government.
At some point, confiscation of deposits by banks may well become a generally accepted concept. The point to remember is that such developments never begin with a bang. They are always introduced in a small and gradual way and then expanded, just as income tax was in the US.
For every door that closes, another opens. As the First World slides further into depression, we can expect that many smaller countries will provide expanding opportunities.
We stand to soon lose our savings through either confiscation, inflation, or both.
Critically important lessons on inflation from Argentina and revolutionary France.
What is the significance of the IMF now endorsing as a fact that Spain is insolvent when it was easily discernable for some time? It may be a signal that “emergency measures” are becoming more imminent.
Our real life Thelma and Louise (the US and the EU) have consistently opted for the most immediate solution, without concerning themselves with the inevitability of long-term repercussions.
Something I think you can plan your life around is the eventuality of the US government imposing capital controls and other restrictive measures.
Cyprus is not an isolated situation. The damage wreaked by monumentous debt is systemic and it has taken place throughout the First World and beyond.
As a general rule, it may be useful to assume that, whatever the reader presently imagines is likely to occur in this period, the reality is likely to be worse – unpredictably so. If he follows this assumption and it proves incorrect, he has lost nothing. However, if he is correct, his likelihood of surviving the crisis well will be greatly increased.
The fact that the tipping point began in Cyprus, rather than, say, Greece or Spain, is incidental. Of all the dominos slated for demolition, it is unimportant which country was the first to set the dynamite charge at its foundation. The end result will be contagion, as all other options have, predictably, failed.
It has been said that democracy is nothing more than mob rule dressed in a suit and tie.
Page 11 of 13 pages