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Buying a Horse of a Similar Shade: Europe

I put the latest issue of Peak Income together from, of all places, Mamacona, Peru, a seaside town on the outskirts of Lima, where earlier this month I attended the annual Concurso Nacional, or national horse show. For aficionados of the Peruvian Paso, the country’s signature breed, the show marks the single most important week of the year, outranking even Christmas and New Year’s Day. If you argue to the contrary with a Peruvian cowboy, you’re likely to get horsewhipped. I’m the first to admit I’m not a true “aficionado.” To have afición is more than simply being a “fan,” […]

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The Next Financial Crisis Has Already Arrived In Europe, And People Are Starting To Freak Out

Did you know that the sixth largest bank in Spain failed in spectacular fashion just a few days ago?  Many are comparing the sudden implosion of Banco Popular to the collapse of Lehman Brothers in 2008, and EU regulators hastily arranged a sale of the failed bank to Santander in order to avoid a full scale financial panic.  Sadly, most Americans have no idea that a new financial crisis is starting to play out over in Europe, because most Americans only care about what is going on in America.  But we should be paying attention, because the EU is the […]

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Europe Eyes Sweeping Cash Ban. Are Gold & Silver Next?

The global war on cash rolls on. The cabal of bankers seeking more transaction fees, busybody political leaders, and central bankers who want to experiment with negative interest rates recently threw India into turmoil by eliminating the two largest denomination bank notes. Now they are preparing a similar assault on Europeans’ ability to transact privately and without giving bankers a cut. European Union officials just published a “Proposal for an EU Initiative on Restriction on Payments in Cash.” Predictably, the restrictions are being sold to citizens as a means of fighting terrorism – much like a host of other privacy […]

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Deutsche Bank Collapse: The Most Important Bank In Europe Is Facing A Major ‘Liquidity Event’

The largest and most important bank in the largest and most important economy in Europe is imploding right in front of our eyes.  Deutsche Bank is the 11th biggest bank on the entire planet, and due to the enormous exposure to derivatives that it has, it has been called “the world’s most dangerous bank“.  Over the past year, I have repeatedly warned that Deutsche Bank is heading for disaster and is a likely candidate to be “the next Lehman Brothers”.  If you would like to review, you can do so here, here and here.  On September 16th, the Wall Street […]

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Europe Has a Bigger Problem Than Brexit

The Dow dropped nearly 1,000 points (5%) and the London FTSE dropped 10% after the Brexit vote surprised the markets on June 23. After two days though, markets are marching back up again. That’s just like markets on “crack!” They react to political events, but totally miss the fundamentals. Yes, Brexit is important. Years from now it will be recognized as the beginning of the end for the great Eurozone experiment. It isn’t just about the renegotiations on trade agreements with Britain and initial slowing of GDP. It’s also about the threat that more countries will choose to exit the […]

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June 23, 2016: The Brexit Vote Could Change EVERYTHING And Plunge Europe Into Financial Chaos

On June 23rd, a vote will be held in the United Kingdom to determine if Britain will stay in the European Union or not.  This is most commonly known as the “Brexit” vote, and that term was created by combining the words “Britain” and “exit”.  If the UK votes to stay in the European Union, things over in Europe will continue on pretty much as they have been.  But if the UK votes to leave, it will likely throw the entire continent into a state of economic and financial chaos.  And considering how bad the European economy is already, this […]

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More Islamic Terror Coming: ISIS Has Sent 400 Trained Fighters Into Europe To Conduct Terror Attacks

The recent attacks in Paris and in Brussels were just the tip of the iceberg of a massive wave of Islamic terror that is soon coming to Europe.  As you will see below, the Associated Press is reporting that ISIS has specially trained “at least 400 attackers” and has already sent them into Europe with specific instructions to conduct terror operations.  So Barack Obama may not think that we have anything to be concerned about, but the facts on the ground tell us a completely different story.  Thanks to Europe’s openness to “war refugees” from Syria, it is very easy […]

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Who Is To Blame For The Rape Epidemic That Is Sweeping Across Europe?

Millions of women in Europe are now deathly afraid to walk outside their own homes at night, and with each passing day more news reports of absolutely horrific rapes and sexual assaults come pouring in from all over the continent.  So who is to blame for this epidemic of rape?  I think that the answer might surprise you, because a very famous politician in the United States is at least partially responsible.  But first, let’s examine why women all over Europe are living in such fear right now.  I have written previously about this rape epidemic, but since that time […]

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(Interview) Europe: Why It’s Going to Get a Lot Worse Before It Gets Better

New interview with Elliott Wave International European markets expert. Brian Whitmer, the editor of our monthly European Financial Forecast, explains what indicators helped him anticipate market volatility. You’ll also learn what he’s expecting for the year ahead in European stocks. You can read Brian’s commentary comparing Germany to the Greek god Atlas as part of our report, Deflation and the Devaluation Derby. Here’s what you will learn: How Europe’s biggest economies are screeching to a halt Currency devaluation’s role in the developing global crisis How the self-reinforcing aspect of deflation is already apparent in commodities trading Why the top 1% […]

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Can the Fed Drop Interest Rates Below 0%?

For the financial markets, the biggest event of the week starts tomorrow: On Wednesday and Thursday (Feb. 10-11) Fed chair Janet Yellen will appear before Congress to deliver her semi-annual Monetary Policy Report. “It’s huge.” That’s how one strategist put it this morning, in a CNBC interview about the importance of Yellen’s testimony. Why are all eyes on Yellen? Maybe because by now, almost everyone has forgotten how powerless the Fed appeared in 2007-2009, when none of its measures could stop the financial crisis. Despite the recent market chaos, six years of rising stock prices reaffirmed the notion that the […]

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