While the U.S. continues to bumble its way through a debt ceiling crisis, Europe continues to make us look good, by comparison, as they try to impose order to their financial system. Unlike U.S. banks, EU banks have failed to raise capital since the 2008 crisis. One should expect a massive EU banking crisis in the first half of 2014.
In Russia, data is protected by law as up to 26% of the .ru domains are controlled by foreign companies. How bad must it be when U.S. companies are seriously considering moving their servers to Russia to get away from NSA spying?
Silver and Gold
Both silver and gold have been slammed lower in an almost instantaneous hammer blow in recent days. As the debt ceiling debacle plays out and dump-and-pump sums up the new normal perfectly, the…
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