Today we’ve got another financial news post where we bring you the best & most interesting financial news stories over the last couple of months. On a personal note, I’m pretty upset because I had finished making blog posts out of all the economic update videos that I recently filmed to run over the holidays, but it appears they have completely vanished from the backend of my website. I have no idea why, but I guess I’m going to run a couple financial news posts in a row and will hopefully find time to come back and recreate those posts. That being said, these are good articles that I’ve held onto for a while for your pleasure…
The great euro Putsch rolls on as two democracies fall – I don’t always agree with Ambrose Evans-Pritchard, but I almost always enjoy his writing. The winner quote here from the leader of Europe? “Italy needs reforms not elections,” he said. Hmmm…that could be a troubling direction for our leaders to be taking us…
Chinese TV Host Says Regime Nearly Bankrupt – An Insider’s look at what’s really happening in the Chinese economy. This is important because the optimistic economists out there believe that the marvel of the Chinese growth story is what will pull the Western World out of it’s economic funk.
“The Entire System Has Been Utterly Destroyed By The MF Global Collapse” – Presenting The First MF Global Casualty – A very scary analysis of the ramifications of the MF Global collapse. It’s not just as simple as a major bank going under.
On Capital Flight and Forced Repatriation – This article shows how the leaders of Europe are working to take money from individuals who are keeping their money legally in Switzerland. This should concern everyone because although this particular occurrence probably doesn’t affect you, these type of moves are always progressive and future steps in this direction will almost certainly affect you.
Hank Paulson’s inside jobs – Explanation of how the head of the US Treasury gave important national secrets and inside information to his hedge fund buddies (who know how to use this information for enormous profits) from his days at Goldman Sachs.
How Does Europe Borrow Dollars From the Fed? – Good explanation of how Ben Bernanke is funneling money to European banks.