What the Sovereign Default ‘s Gonna Be Like

Financial markets around the world have been worried lately by ‘economic uncertainty’ in may parts of the world — or so we have heard –, predominantly the U. S. and their mind-boggling budget deficit as well as certain parts of Europe or the Sovereign Debt crisis. As part of that ‘uncertainty’ is fear taking over in the market of the things that might come if there is, to borrow from Helicopter Ben over at the Fed, a “real bad outcome”, everyone is wondering what that increasingly likely default of governments around the world and ensuing economic collapse might feel like....

Jim Rogers Buying More Gold

Jim Rogers, chairman of Rogers Holdings and one of the most successful traders in the world, is Buying More Gold. Not only is Rogers buying gold, but he is buying physical bullion. Not gold mining stocks, not god ETFs but real, tangible gold. Just on his way back from the dealership in New York City, he presented a few gold coins from his pocket right on the table. Asked why these were all new, Rogers replied, “I don’t buy the collector side. […] In the world that might happen, where there’s so much chaos and turmoil, they’re not going to...

Strains Tearing Euro Currency

Copenhagen, Denmark and Hamburg, Germany — The Eruopean single Currency or Euro has been in circulation throughout the 17 countries of the EMU (European Monetary Union, which is not congruent with either the original European Economic Community nor the so-called European Union) and has become a fact of life in these countries for almost ten years now. This does not mean it will last for another ten years though, at least in its current extent. Even apart from its brainlessly reality-blind name Euro and other signature marks of market-detached bureaucrats trying to usurp a more or less liberal culture in Europe and turn it into some...