Currency Commentary

Greece's Uncertain Fate

The question isn't whether Greece will abandon the euro. It's whether Greece will be forced to abandon the euro—and what the fallout would be.

European Elections and the Debt Debacle

Saving Europe from the debt crisis will require overhauling the ECB and the euro zone.

U.S. Debt and the French Connection

Rejecting austerity and falling into their old ways may ruin France and Greece. If we are not careful, America will follow suit.

The Euro-Exit Taboo

What the experiences of Argentina and Latvia tell us about the future of Europe.

The Collapse of the Fiat System

All fiat currencies eventually go to zero value, and usually they do it in less than forty years. We now are in year forty-one.

Follow Fisher's Golden Rule

The Fed's fiat money is worth less and less. For real money, turn to gold.

The Continent's Nightmare Continues

Eurocratic dreams and schemes have failed. Europe will never be united.

China and the Blame Game

American politicians are quick to point the finger at China, but the roots U.S. economic problems are closer to home.

Europe's Problem Is the Euro

Why Germany deserves some of the blame for Europe's economic crisis.

Ten Illusions Shattered in 2011

2011 was a tough taskmaster for the pretensions that permeate international affairs. At least ten were knocked asunder.

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May 26, 2012