Does The IMF Actually Want To Cause A Greek Debt Default?
• Prison PlanetWhen it comes to geopolitics, there are often wheels working within wheels that are working within wheels.
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When it comes to geopolitics, there are often wheels working within wheels that are working within wheels.
I return to a theme that apparently only I ever talk about: the economic meaning of the phrase, "international capital flows."
Just as we warned earlier in the year, total uncertainty about the future of Greece has enabled a growing sense of moral hazard as "if the nation doesn't pay its debt, why should we" sweeps across the troubled nation.
Athens-Greece's economic reforms plan includes "harsh'' measures the government would not have proposed had it had a choice, a spokesman said Tuesday.
We've long said that negotiations between Greece and its creditors are more a matter of politics than they are a matter of economics or finance.
Despite the market's exuberant hope that everything will be contained and business-as-usual will resume shortly in Europe, the message from the wealthiest Greeks is very different...
European leaders urged Prime Minister Alexis Tsipras's government to make a final push to satisfy creditors and finally end a five-month standoff over aid.
What I find fascinating is our limited ability to make sense of trends unfolding in real time.
Over the weekend, JPM made it clear that absent some deal (or at least framework thereof since optimism for a deal today just crashed) being finalized today, Tuesday could be a very difficult day for Greece if and when the ECB finally revises the ELA
Over the last several months there have been numerous reports highlighting the frantic activities of the world's ultra-wealthy elite. From the purchasing of emergency hideaways and airstrips to warnings from their financial advisors that it's tim
The manager of one of Great Britain's biggest bond funds, which has £4 billion under management, is now advising investors that the time has come "to hold physical cash," along with gold and silver.
Whilst Greek minister of finance Yanis Varoufakis was negotiating the new bailout package in Luxemburg, the prime minister of the Greek government, Alexis Tsipras, went on a city trip to Russia.
Parties on both sides still talk as if a deal over Greece is possible, but how realistic is that?
Editor's Note: It was always just a matter of time, since the whole European fiasco was merely patched over after the last round.
Earlier today we showed why Greece is now literally living on borrowed time.
Greece Told To Have A Deal Ready Before Monday Meeting; Tsipras Submits Revised Plan With No Pension Cuts
We are here, staring into the abyss.
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A man designs a model that can predict the future. He calculates developments in the world economy with eerie accuracy and even the outbreak of wars. Until the FBI is on his doorstep and he is sent to prison.
It may be time to money under the mattress. High profile fund managers explain how to prepare for a 'systemic event'
In Athens on Friday, the ATM lines began to form in earnest.
Russian President Vladimir Putin said after Friday's talks with Greek Prime Minister Alexis Tsipras that a prospective Russian natural gas pipeline should help Greece service its debt, but the Kremlin said the question of direct Russian financial ai
As we move toward the second half of 2015, signs of financial turmoil are appearing all over the globe.
As Greece plunges even deeper into economic chaos, Greek Prime Minister Alexis Tsipras says that his government is prepared to respond to the demands of the EU and the IMF with "the great no" and that his party will accept responsibility for what
The Greek financial system is in the process of totally imploding, and the rest of Europe will soon follow.
Britain - The dirty scheme is grand theft by other means - robbing poor Peter to pay rich Paul, corrupt politicians profiting at the same time they betray their constituents.
Russia - They include world political and business leaders, journalists and others from dozens of countries worldwide. They came despite US sanctions and ones Washington bullied EU countries to impose.
The writing has been on the wall for quite sometime.
One week ago, we were stunned to learn just how low the political organization that is the mostly US-taxpayer funded IMF has stooped when, a day after its negotiators demonstratively stormed out of the Greek negotiations with "creditors", .....