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Posts Tagged ‘public debt’

Hungary To Nationalize Pension Funds: “This is Open Blackmail”

Posted by Larry Doyle on November 29th, 2010 7:34 PM |

Might Uncle Sam try to take control of our retirement assets?

“What’s that, LD? Lose control of our retirement assets?” ¬†That is, could the “grand ol’ man” unilaterally swap our retirement assets for government sponsored IOUs?

This past January, a regular reader of Sense on Cents provided us a Blueprint for Government Takeover of IRAs. In February, I interviewed Ron Holland regarding his report, “Plan Now to Escape Obama’s Retirement Trap.”

Many readers of the aforementioned commentary and listeners to the aforementioned interview were blown away by the mere thought that our government may possibly look to nationalize our individual retirement assets and accounts. Argentina implemented such a drastic policy but certainly not the United States, right? Do not be so sure.

Would any other nations dare go to these lengths? Well, thanks to our supporter Comrade Joe for bringing a new development to light in this corner of our economic landscape. How so? (more…)

Why Is the Euro Plummeting?

Posted by Larry Doyle on March 25th, 2010 9:38 AM |

The Euro is plummeting in value because of the ongoing fiscal problems in Greece and the recent downgrade of Portugal’s sovereign credit, correct? Well, these are the most recent developments, but the problems go much deeper than that.

Although the very nature of short term mentality in a heavily dominated short term trading environment would point to these problems within Greece and Portugal as the primary reasons for the problems with the Euro, let’s work a little harder and navigate a little deeper.

First off, we need to accept the premise that we are experiencing structural changes in the context of a secular market. Our friends in Washington and on Wall Street (as well as other global financial centers) work very hard to present our current economy and market as possessing merely cyclical risk. Don’t buy it. (more…)






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