Monthly Archives: June 2012

The EU Summit: Europe Needs Capital NOT Political Posturing

Everyone in the media is viewing the latest announcements out of the EU Summit as game-changers. They are not. One facet of the deal is that ESM/ EFSF loans to troubled countries will not subordinate private bondholders holdings. While this … Continue reading

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If You Are Basing Your Investment Decisions on This, You Might Want to Rethink Things

For weeks now, investors have invested based on the idea that the Fed would announce some major program during its Fed’s June FOMC from June 19-20. The whole notion was absurd for several reasons. First off, even the Fed doves … Continue reading

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The EU Has Already Broken Up… They Just Haven’t Formalized Yet

I’ve often been labeled as “Gloom and Doom” in the past, but the situation in Europe today is beyond anything I’ve ever seen before. It is highly likely that the EU will not exist in their current form by the … Continue reading

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Forget the PIIGS, Europe As a Whole Is Insolvent

Europe is heading into a full-scale disaster. You see, the debt problems in Europe are not simply related to Greece. They are SYSTEMIC. The below chart shows the official Debt to GDP ratios for the major players in Europe. As … Continue reading

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Germany Could Pull Out of the Euro Before Spain is Even “Saved”

As I’ve assessed in earlier pieces, neither the Fed, nor the IMF, nor the EFSF, nor the ECB has the firepower or the political backing to prop up Spain or the EU. This ultimately leaves the ESM, the permanent European … Continue reading

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Spain is Now Facing a Banking Crisis and a Sovereign Crisis at the Same Time

Last year I wrote a piece in which I noted that the EU would implode before the end of 2012. The reason for this was clear as day: EU banks needed to roll over hundreds of billions of Euros’ worth … Continue reading

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No One’s Asking the REAL Question That Matters for the EU… And It’s Going to Cost Them

The following is an excerpt from my most recent issue of Private Wealth Advisory, my newsletter for private clients. In it, I lay in clear unassailable terms why the Spanish “bailout” not only failed to help Spain but in fact … Continue reading

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The EU’s Real Agenda: “Lie Until You Are About to Die”

The following is an excerpt from my most recent issue of Private Wealth Advisory, my newsletter for private clients. In it, I lay in clear unassailable terms why the Spanish “bailout” not only failed to help Spain but in fact … Continue reading

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How Can a Non-Existent Entity Bailout Spain… Or Anyone Else For That Matter?

Spain’s Bailout is one big lie. I know, I know… Spain is “saved” thanks to a €100 billion bailout. But no one is asking just where this money will come from? The IMF isn’t involved. Nor is the ECB. The … Continue reading

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Graham Summers’ Weekly Market Forecast (Do We Still Have Faith? Edition)

The Euro and stocks both gapped sharply up over the weekend on news that EU finance ministers are moving forward with a €100 billion Spanish bailout. A few thoughts on this move: 1)   Where is the money coming from? (most … Continue reading

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The REAL Reason the EU is Implementing Border and Capital Controls

The following is an excerpt from my latest issue of Private Wealth Advisory. In it I outline two key developments in Europe which virtually NO ONE is talking about: the creation of border controls and capital controls. The political elite … Continue reading

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Ignore the Rumors… Central Banks Are Pulling Back… Guess What Comes Next?

Talk of QE and rumors of coming Central Bank Intervention pushed stocks and Gold higher on Monday. It’s odd to hear these rumors when every major Central Bank has in fact been clearly stating NO new stimulus is coming any … Continue reading

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The EU’s Systemic Risk: Why This Time IS Different

Europe will collapse before the end of the year and very likely before the end of the summer. When this Crisis hits it will be worse than 2008. And the world Central Banks will not be able to control the … Continue reading

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Sorry Folks, QE 3 Ain’t Coming… Even the Fed Doves Admit It

Once again the US economy is tanking and everyone is talking QE 3. Sorry folks, it ain’t coming. Bernanke said point blank that it was less attractive as a monetary tool as far back as May ‘11!!! Q. Since both … Continue reading

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