Greece’s Threat to the European Economic Recovery

Desmond_Lachman_300x225   By Desmond Lachman

It is difficult to exaggerate the importance of the Greek government’s failure today to secure sufficient votes in parliament to choose a new president for the country. Since such a failure not only forces Greece to hold snap elections by the end of January, which could see the coming to power of a radical left-wing government. It also raises the real possibility that Greece will be forced to exit the Euro in 2015 that would be a major blow to the prospects of a meaningful European economic recovery.

On the basis of current electoral polls, the Syriza Party, headed by Alexis Tsipras, should win the parliamentary elections now scheduled for January 25. Judging by

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Bail-In Normalization

Re-Blog from Andy Sutton at Silver Phoenix 500

When the bail-in first ripped through Cyprus in the first part of 2013, I wrote a series of articles about the topic and examined some documents from the Bank for International Settlements, the FDIC and Bank of England regarding treatment of depositors and their funds. To sum it up as we begin the latest chapter in what will no doubt morph into the biggest swindle ever to impact humankind, let’s recap what exactly the bail-in is.

It was determined in late 2012 that there are certain banks that simply cannot be allowed to fail – at any cost. They were quickly labeled ‘Too big to fail’. I and others added that they were too big to jail too since this select group pretty much received

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Sound Money and the Ring of Truth

Guy Christopher   By Guy Christopher

We Americans no longer carry gold and silver money in our pockets and purses as our grandparents did during their lives. But we still carry the history, legacy and spirit of those gold and silver coins in our language – with more meaning than you might imagine.

“Sound money” has a clear message recognized for centuries around the world. It describes the musical, metallic ring of a gold, silver, or copper coin dropped on


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Effects Of Monetary Policies

Ed BugosGuest Post   By Ed Bugos

Based on its current assessment, the Committee judges that it can be patient in beginning to normalize the stance of monetary policy. The Committee sees this guidance as consistent with its previous statement that it likely will be appropriate to maintain the 0 to 1/4 percent target range for the federal funds rate for a considerable time following the end of its asset purchase program in October, especially if projected inflation continues to run below the Committee’s 2 percent longer-run goal, and provided that longer-term inflation expectations remain well anchored.” Dec 17, 2014; FOMC Statement

That paragraph is the only part of the growing FOMC statement that matters – aside from the sometimes entertaining dissenting votes, in

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Weekly Climate and Energy News Roundup #161

The Week That Was: 2014-12-20 (December 20, 2014) Brought to You by SEPP (
The Science and Environmental Policy Project

Quote of the Week: The real problem in speech is not precise language. The problem is clear language. Paraphrased from Richard Feynman.

Number of the Week: 15, 17, 50 to 100 years?

The Game in Lima: The high-stakes energy and diplomacy game in Lima finally ended with little real damage to the industrialized world, in spite of the best efforts of delegates from Western Europe and the United States. The game is sponsored by the UN Conference of Parties

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Executive Review of Laws

cropped-bob-shapiro.jpg   By Bob Shapiro

The US Constitution is the highest law of the land.

The US Constitution does not include any other document – the Federalist Papers are NOT part of the Constitution, the past Supreme Court Decisions are NOT part of the Constitution, all the Laws and Executive Orders on the books are NOT part of the Constitution, and the Bible, Torah, and Koran are NOT part of the Constitution.

Only the exact words written in the US Constitution are the US Constitution. Everything else is just interpretation and subordinate to

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