Posts by Jeff Berwick

Greece has provided us with an excellent real-life monetary experiment in the past week. The price action in gold, silver and bitcoin is illuminating to say the least. Greek banks are now shuttered with no end in sight. If we watch the movement of non central banking money, we have the opportunity to observe how…

Yesterday, the Greek people emphatically said “enough is enough” of this ridiculous European Union system, central banking and governments going into massive debt to be paid for by tax slaves and yet-to-be-born tax slaves. Could it be that the birthplace of  democracy, Western philosophy, Western literature, political science, medicine and mathematics will be the place…

So far, in Greece, the hardest hit have been pensioners. As Bloomberg reports, “On the third day of capital controls, a few dozen pensioners lined up by 7 a.m. at a central Athens branch of the National Bank of Greece, an hour before opening time. They were to receive a maximum of 120 euros ($133),…

And so it begins … Greek Prime Minister Alexis Tsipras has announced that all banks and the stock market will be shuttered on Monday after panic gripped the country. The Greek Financial “Stability” Council have recommended that the banks stay shut for a total of six days. This is all in prelude to a Greek referendum…