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Cyprus

Confessions of an Unrepentant Realist – Part 2

…continued from Part 1 It is the crowd that is asleep.  The crowd that is in denial. Some in the crowd are unpersuadable.  These are the Jacobins and 21st century Robespierre’s supporting their varietal “Committee for Public Safety”.  They are already lost.  They’ll only come round as Robespierre finally did when he caught the blade’s …

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Pushing On A String – Dollar Without Visible Means Of Support

We already know that the Euro is pretty much held up by Leprechauns and rainbows, but what’s holding the Dollar up? Thanks to currency wars, which the G20 swore off for just long enough to hold their news conference in February, the aggressive printing of Euros and Yen are driving investors toward Dollar investments, even …

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Confessions of an Unrepentant Realist – Part 1

It’s the precedent of the seizing of Cypriot assets that alarms me.  I’m hearing from news anchors that, “it can’t happen here”, from pundits that, “it can’t happen here” and that, “America is too strong, it’ll never happen. We’re different.” But, unfortunately for me, I’m one of those people who doesn’t believe Americans are immune …

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Loose Lips Sink Ships Of State – Cyprus And EuroLand

A small number of honest words have been spoken by politicians lately, and it’s getting interesting. From Jean-Claude Juncker’s admission that politicans care more about being re-elected than about doing the right thing, to a stunning admission today by another figure in the Euro hierarchy, Jeroen Djisselbloem, that the recent haircut of depositors in Cyprus’s …

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