Top Economic Advisers Forecast War and Unrest
http://www.washingtonsblog.com/2013/02/top-economic-advisers-forecast-war-and-unrest.html
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Draconian Cash Controls Are Coming To France
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I.O.U. - Why Everyone Owes Everyone and No One Can Pay
http://www.leadingtrader.com/02/the-shocking-cause-of-the-financial-crisis/
http://www.kobobooks.com/ebook/I-O-U/book-Y-ty6-XvQkqKvkT3uPkuMw/page1.html?s=4yNo6SrzIE6cK548SYIOng&r=2
How Unlucky is 25 Sigma
By Kevin Dowd, John Cotter, Chris Humphrey and Margaret Woods
March 24 2008
1. Introduction
One of the more memorable moments of last summer’s credit crunch came when the CFO of Goldman Sachs, David Viniar, announced in August that Goldman’s flagship GEO hedge fund had lost 27% of its value since the start of the year. As Mr. Viniar explained, “We were seeing things that were 25-standard deviation moves, several days in a row.”1 One commentator wryly noted:
That Viniar. What a comic. According to Goldman’s mathematical models, August, Year of Our Lord 2007, was a very special month. Things were happening that were only supposed to happen once in every 100,000 years. Either that … or Goldman’s models were wrong (Bonner, 2007b).
http://www.nottingham.ac.uk/business/cris/papers/2008-3.pdf
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Notes From Underground
http://yragharris.com/2013/02/13/usawatchdo/
Currency Wars are Real—Yra Harris
http://usawatchdog.com/currency-wars-are-real-yra-harris/
http://www.youtube.com/watch?feature=player_embedded&v=DwFGuPETNjQ
Sixteen-Year-Old Book on Europe a Hot Seller
http://blogs.wsj.com/marketbeat/2011/11/17/sixteen-year-old-book-on-europe-a-hot-seller/
http://www.nytimes.com/2011/11/18/business/global/the-rise-of-a-euro-doomsayer.html?_r=2&ref=euro&
The Rotten Heart of Europe
'The Brussels Commission has just suspended its senior economist, Bernard Connolly, for writing a book savaging the prospects for a common currency. There are many who now believe he should be lauded as a prophet.' Observer, Editorial, 1 October 1995
'Mr. Connolly's longstanding proposition that the foisting of a common currency upon so many disparate nations would end in ruin is getting a much wider hearing...' New York Times, 17 November 2011
When first published in 1995, The Rotten Heart of Europe caused outrage and delight - here was a Brussels insider, a senior EU economist, daring to talk openly about the likely pitfalls of European monetary union.
Bernard Connolly lost his job at the Commission, but his book was greeted as a profound and persuasive expose of the would-be 'monetary masters of the world.' His brave act of defiance became headline news - and his book a major international bestseller.
In a substantial new introduction, Connolly returns to his prophetic account of the double-talk surrounding the efforts of politicians, bankers and bureaucrats to force Europe into a crippling monetary straitjacket. Hidden agendas are laid bare, skulduggery exposed and economic fallacies are skewered, producing a horrifying conclusion. No one who wants to understand the workings of the EU, past, present and future can afford to miss this enthralling and deeply disturbing book.
http://www.kobobooks.com/ebook/The-Rotten-Heart-of-Europe/book-Qla_TqNd60SNQpCHWppfRA/page1.html?s=ZcOMc2yk_UmJcjKa-oJsKw&r=1
Currency Wars are Real—Yra Harris
http://usawatchdog.com/currency-wars-are-real-yra-harris/
http://www.youtube.com/watch?feature=player_embedded&v=DwFGuPETNjQ
Sixteen-Year-Old Book on Europe a Hot Seller
http://blogs.wsj.com/marketbeat/2011/11/17/sixteen-year-old-book-on-europe-a-hot-seller/
http://www.nytimes.com/2011/11/18/business/global/the-rise-of-a-euro-doomsayer.html?_r=2&ref=euro&
The Rotten Heart of Europe
'The Brussels Commission has just suspended its senior economist, Bernard Connolly, for writing a book savaging the prospects for a common currency. There are many who now believe he should be lauded as a prophet.' Observer, Editorial, 1 October 1995
'Mr. Connolly's longstanding proposition that the foisting of a common currency upon so many disparate nations would end in ruin is getting a much wider hearing...' New York Times, 17 November 2011
When first published in 1995, The Rotten Heart of Europe caused outrage and delight - here was a Brussels insider, a senior EU economist, daring to talk openly about the likely pitfalls of European monetary union.
Bernard Connolly lost his job at the Commission, but his book was greeted as a profound and persuasive expose of the would-be 'monetary masters of the world.' His brave act of defiance became headline news - and his book a major international bestseller.
In a substantial new introduction, Connolly returns to his prophetic account of the double-talk surrounding the efforts of politicians, bankers and bureaucrats to force Europe into a crippling monetary straitjacket. Hidden agendas are laid bare, skulduggery exposed and economic fallacies are skewered, producing a horrifying conclusion. No one who wants to understand the workings of the EU, past, present and future can afford to miss this enthralling and deeply disturbing book.
http://www.kobobooks.com/ebook/The-Rotten-Heart-of-Europe/book-Qla_TqNd60SNQpCHWppfRA/page1.html?s=ZcOMc2yk_UmJcjKa-oJsKw&r=1
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ECB Caught in Currency-War Crossfire
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Euro strugglers eye Ireland for lessons
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IMF working paper pushes for euro zone deposit guarantee
Euro zone countries must implement a planned banking union in full as backsliding could throw the economy into a tailspin, an International Monetary Fund staff paper said on Wednesday.
http://www.reuters.com/article/2013/02/13/imf-eurozone-bankingunion-idUSL5N0BD9CD20130213
http://www.reuters.com/article/2013/02/13/imf-eurozone-bankingunion-idUSL5N0BD9CD20130213
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Reset EU bank rules to restore faith
The weakness of the economy has often been used to justify delaying or watering down reforms. But the failure to enact timely legislation on bank resolution and restructuring and to mandate effective stress tests and recapitalisation exercises have contributed to a weakening of the economy in the first place. Now we are caught in a downward spiral of weak economies and weak banks pulling each other down.
http://tinyurl.com/bbxsqwf
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Europe's Fixed Just Like Wall Street Was "Fixed" in May 2008, How'd That Turn Out?
Let’s cut through the crap here.
The European banking system is a complete and total disaster. Remember how bad Wall Street was in 2008? Europe’s banks are many multiples worse than that. The US at least recapitalized its banking system after the Crisis.
Europe hasn’t. At all. That’s right, the banks in Europe have not raised capital to bring down their leverage rations, which is why the ENTIRE EU BANKING SYSTEM IS LEVERAGED AT 26 TO 1.
Lehman, which was a total sewer of garbage debt, was leveraged at 30 to 1. Europe’s ENTIRE SYSTEM is leveraged at 26 to 1.
http://www.zerohedge.com/contributed/2013-02-13/europes-fixed-just-wall-street-was-fixed-may-2008-howd-turn-out
The European banking system is a complete and total disaster. Remember how bad Wall Street was in 2008? Europe’s banks are many multiples worse than that. The US at least recapitalized its banking system after the Crisis.
Europe hasn’t. At all. That’s right, the banks in Europe have not raised capital to bring down their leverage rations, which is why the ENTIRE EU BANKING SYSTEM IS LEVERAGED AT 26 TO 1.
Lehman, which was a total sewer of garbage debt, was leveraged at 30 to 1. Europe’s ENTIRE SYSTEM is leveraged at 26 to 1.
http://www.zerohedge.com/contributed/2013-02-13/europes-fixed-just-wall-street-was-fixed-may-2008-howd-turn-out
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The Ruthless State of the Union: The Current Crime Boss Speaks
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