Archive for May 12th, 2012

The Case for Austerity by Gary North LewRockwell.com The Keynesians and declared anti-Keynesians have joined hands in order to promote an intensely Keynesian error: European fiscal austerity as a negative factor. One contributor in Forbes refers to austerity as a death spiral. The word “austerity,” beginning with the Greek government’s debt crisis two years... »

TheEconomicCollapseBlog.com When news broke of a 2 billion dollar trading loss by JP Morgan, much of the financial world was absolutely stunned. But the truth is that this is just the beginning. This is just a very small preview of what is going to happen when we see the collapse of the worldwide derivatives... »