Global Debt Crisis: The Killing of Paper Money

by Bill Bonner

Everyone says the euro is falling apart…that Europe itself can’t survive as a political unit.

The Greeks are rioting in the streets. They’re upset because their government is trying to cut back on ‘services.’ Actually, it’s not the services that anyone would miss. It’s the money. The rioters are mostly people who live, in one way or another, at the expense of others…thanks to the government. They work for the government…or get handouts from it.

PIGS Boost The Dollar But Americans Forget To Feed The Piggy Bank

by MJ Harris

The latest numbers show that the US trade deficit had widened again this month. Instead of Americans spending less and saving more so that the trade deficit can shrink, the government is encouraging more spending so the trade deficit is actually expanding.

There is still alot of uncertainty surrounding the Greece and the Euro zone bailouts. This is causing temporary flight back to the dollar. Bringing it to its highest levels in several months.

The Worst May Not Be Over for Europe

Day by day fears are growing that Greece or another weak country may default on its sovereign debt obligations