In A Currency Tug-Of-War, The U.S. Dollar Loses…

Hyperstagflation, here we come…

June 16, 2011
By Brandon Smith

I imagine sometimes in my most optimistic moments that one day I will live in the midst of a true free market economy, where the tides of trade and investment, the ebb and flow of commerce, are a rather beautiful thing. A marketplace without centralized manipulation, were legitimate supply and demand are elevated instead of obscured, and toxic financial instruments, crooked corporate institutions, and even faulty currencies, are allowed to finally meet their long deserved demise because they no longer serve the needs of our nation and our culture. I imagine an economy that is not only continuously shedding off old skins and renewing itself as our society grows, but one whose primary purpose is to nurture and expedite that growth. I imagine an economy that works FOR the people, not against them. Like I said, “optimistic".

In today’s economy, we have something quite different. We are imprisoned in a labyrinthian deathtrap of a mainstream system, one that feeds endless fiat formaldehyde into the crusted veins of a long since corpsified infrastructure; a financial golem, a wraith, a thing that creeps across the dark horizon of our country’s future waiting to unleash a special kind of hell. A thing that should not exist.

We live in an unnatural and monstrous economy. A Frankenstein creation…  Read More

A Greek default will act like a virus throughout Europe.

Is This It? Mass Rioting, Civil Unrest In Greece As Economists Warn Of Global ‘Armageddon Scenarios’

June 16, 2011
By Steve Watson

As protesters continue to run riot in the streets, economists are warning that the whole of Europe and by extension, the rest of the world could face financial armageddon should Greece default on its debt, in the absence of a second bailout.



Financial experts are warning of a ‘Lehman Moment’ as the European markets are beginning to show signs of unraveling in the wake of the Greek crisis.

“The markets have moved from simply pricing in a high probability of a Greek debt default to looking at a scenario of it becoming disorderly and of contagion spreading to other economies like Portugal, like Ireland, and maybe Spain, Italy and Belgium.” a former UK Treasury official told Bloomberg news. Read More