Prudent Investor

Map of the World's Resources: Nothing Under Europe's Soil

The paradigm has changed. Europe looted the rewst of the world of its resources in the past 2000 years. Now we have to pay for them, standing in direct competition with the Chinese who undoubtedly have deeper pockets.
In general I would say that self-moderation will become the buzz word as we cannot maintain the same resource wasting lifestyle 500+ million (whites) in the US and EUrope has been enjoying. Suddenly there are 5 billion non-Westerners demanding their fair share of the world's resources.

The EU's Continuing Political Weakness May Doom the Eurozone

I hope being forgiven for quadrupling the peace period in neutral Switzerland. They are "only" enjoying peace since 1815, excluding recent attacks from the USA and Germany on Swiss banking secrecy. Correction has been made. BTW I am a literate Austrian (no kangaroos here) and please google "flaming" in order to educate yourself a bit in commenting. Or go write your own blog.

The Euro Has Significant Problems - And They're Likely to Worsen

Greenspan's Dog: The ECB is formally independent from the Eurozone members. Its shareholders are the Eurozone central banks. Second, it will not be able to come up quickly with a pan-European solution as the packages of various Euro members show. Thirdly, the ECB's balance sheet has grown some 50% this year alone. Leaning towards the Austrian school this is monetary inflation par excellence for me.

Österreichischer Adler: Thank you very much, the rest of Austria is still asleep and has no idea what may happen in the next weeks.