The Union That Never Was

The European Single Currency or “euro” has been in circulation in seventeen European countries for ten years and a few days now. Introduced on 01 January 2002 with national currency coins and notes phased out until 28 February 2002, the “euro” replaced all previously used currencies throughout EMU countries (European Monetary Union). To be found in people’s wallets doesn’t mean that something is a real currency though. Surprising as it was in 2002, that thing appearing to be a currency at first sight lacked a vital ingredient of a working currency: a correspondingly unified bond market. During the run-up to...

Silver Ending Week Sharply Higher

Silver prices have ended the trading week sharply higher in London. After most Friday commentators already noted that both silver and gold prices have soundly added to their gains at 2.4% up for the week (and 1.2% for gold, respectively), silver jumped another $2 per ounce to trade around $32 per troy ounce in New York afternoon trading. This sharp move indicates that a breakout from the Christmas low may be imminent, confirming that last month’s silver lows around $26.13 per troy ounce may represent a hard floor and significant support level. One source added, that silver prices are likely...

The U. S. Debt Crisis Explained

The current U. S. debt problem has been brought about by decades of government spending and largesse. The “milestones” that have taken us there are summed up here in an easy-to-understand format. As with drug addicts where administering more drugs does not solve their drug problems, more spending is not the solution to a crisis that has been brought about by too much spending. Instead, people need to get a Financial Education if the democratic system along with the Freedom people take for granted these days is to survive. Financial Education along with Emotional Intelligence (of which primarily an ability...