Failcascade

Endgame ahead

Archive for the ‘sovereign debt crisis’ tag

End of the Road – How Money Became Worthless (Trailer)

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Ever dreamed of getting all the fiat money skeptics together at the same time, all in the same place? Your dream has now come true, courtesy of “End of the Road – How Money Became Worthless.”

Watch the teaser below.

End of the Road Documentary Trailer from Tim Delmastro on Vimeo.

Is the financial crisis over, or are we heading towards disaster? End of The Road portrays eleven influential commentators within the finance and investment communities, as they share their knowledge of our current financial structure. Through each of their narratives, a story is built which chronicles the current economic dilemma and paints a picture of the world’s financial future.

I’ve no idea when the full movie will actually be released, since as of now, the website seems to be down for exceeding its bandwith limit.

Update, April 2012: As of now you can sign up on their website to get an notification as soon as the movie is about to be released.

Wall street is being occupied. Europe is collapsing in on itself. Around the world, people are consumed by fear and anger, and one question is on everyone’s lips: Is the financial crisis over, or are we headed towards economic disaster?

End of the Road is a 55 minute documentary film that chronicles the global financial collapse. Told in an entertaining and easy to follow style, the film tells the story of how the world came to be in such a state, from the seeds sown after WWII, to the current troubles facing us today, and to the possible future that may await us all. Some of the world’s top economic minds share the hidden tale behind the mishandling of the world’s finances, give insight into how bad policy and a flawed monetary system joined together to create a catastrophe.

End of the Road portrays eleven influential commentators within the finance and investment communities, as they share their knowledge of our current financial structure. Through each of their narratives, a story is built which chronicles the current economic dilemma and paints a picture of the world’s financial future.

Cast
Peter Schiff
Eric Sprott
James Turk
Bill Murphy
Alasdair Macleod
Jim Puplava
G Edward Griffin
Mike Maloney
James G Rickards
Adam Fergusson MEP
Dimitri Speck

Written by mo

March 22nd, 2012 at 10:01 am

Today’s downgrade: Belgium

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NEW YORK (CNNMoney) — Credit rating agency Standard & Poor’s downgraded Belgium Friday as the sovereign debt crisis continues to spread across the continent.

The rating change put Belgium’s rating down one notch to AA. That’s the S&P’s fourth-highest rating is still investment grade. But the rating agency warned it is considering further cuts, assigning it a negative outlook. [full report at CNN Money]

Yes, that’s the same Belgium which has not had a government for 18 months now.

Written by mo

November 25th, 2011 at 9:11 pm

Kyle Bass: You can’t hate the mirror cause you’re ugly

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Kyle Bass unabridged interview on BBC’s hardtalk – 25 minutes well worth watching.

Quoting Zerohedge:

Reflecting on the similarities of his subprime perspective, he provides a crucial context for the debt-laden world of sovereign debt that he is now hedging. Shrugging off the somewhat snarky ‘nefarious short-sellers’ angle of questioning (and insuring the uninsured prod), he simply and elegantly points out how massively asymmetric the bet was, how the asymmetry in Europe has disappeared now, and all the asymmetry lies in Japan. From the 14-minute mark, describes the demographic disaster, destroys the savings myth of the land of the rising sun, and brings into focus how Italy’s rapid demise should be a forewarning for the debt-servicing of Japan.

Ending up on the Fed’s printing and the need for guns and gold, there’s a little here for everyone!

“Buying gold is just buying a put against the idiocy of the political cycle. It’s That Simple”

Written by mo

November 21st, 2011 at 12:38 am

IMF advisor Robert Shapiro: 2 to 3 weeks till meltdown

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In an interview with IMF advisor Robert Shapiro, the bailout expert has pretty much said what, once again, is on everyone’s mind: “If they can not address [the financial crisis] in a credible way I believe within perhaps 2 to 3 weeks we will have a meltdown in sovereign debt which will produce a meltdown across the European banking system. We are not just talking about a relatively small Belgian bank, we are talking about the largest banks in the world, the largest banks in Germany, the largest banks in France, that will spread to the United Kingdom, it will spread everywhere because the global financial system is so interconnected. All those banks are counterparties to every significant bank in the United States, and in Britain, and in Japan, and around the world. This would be a crisis that would be in my view more serrious than the crisis in 2008…. What we don’t know the state of credit default swaps held by banks against sovereign debt and against European banks, nor do we know the state of CDS held by British banks, nor are we certain of how certain the exposure of British banks is to the Ireland sovereign debt problems.”

So if you live in (Western) Europe, my investment advice would be to go long on: food supplies, fuel, guns & ammunition

Written by mo

October 7th, 2011 at 12:00 am

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