One thing Americans take for granted is that they will always be the richest, most successful people on earth. They think that because that is what they have always known.
November 16th, 2009 | Bill Bonner | 2 comments | ContinuedAll Posts Tagged With: "Angela Merkel"
Ben Bernanke “Respectfully Disagreed” With Angela Merkel
Our heroine, Angela Merkel, made the front-page news yesterday. She stood up against almost every mainstream economist, politician, and central banker in the world – and gave them all hell.
June 5th, 2009 | Bill Bonner | 0 comments | Continued
Geithner’s Trip to China Was, At Best, a Draw
His goal was to bluff and bamboozle the world’s investors – notably China – into believing that the US had its finances under control. Once we’re out of this mess, he told China’s top man, we’re going straight.
June 5th, 2009 | Bill Bonner | 0 comments | Continued
Oil and Gold Prices Linked for Most of Recession Period
In recent weeks, both have been in a stage of recovery. The gold price has reached $982 an ounce, close to its peak when it touched $1,000 an ounce. Oil prices fell in the recession by about 70 per cent, and have now received about 50 per cent.
June 4th, 2009 | William Rees-Mogg | 0 comments | Continued
French Model of Economy Allows Meddling from the State
The French think they were right about everything. Iraq, for example. The French have deep ties to the Arab world. They knew Iraq would be a tar baby for the US – just like Algeria had been for them. You pick it up…you can’t put it down.
June 3rd, 2009 | Bill Bonner | 6 comments | Continued
The Greatness of a Depression is Commensurate to the Government’s Efforts to Prevent It
“The crisis did not come about because we issued too little money but because we created economic growth with too much money, and it was not sustainable,” explains Germany’s chancellor. She went on to suggest that maybe we shouldn’t repeat the errors of the past.
May 4th, 2009 | Bill Bonner | 5 comments | Continued
Downfall of the American Consumer
Not surprisingly, consumers are in trouble…so are the banks than lent them money…and so are the countries where they live. Nine of these nations – an Eastern European bloc – got together and asked the European governing council for help. They said they needed $380 billion to get through this crisis. Angela Merkel, speaking for the French and Germans, said no.
March 5th, 2009 | Bill Bonner | 3 comments | Continued