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They should buy gold in stead of real estate.:p

In Belgium both the energy sector as the banking system for large parts have been taken over by their French counterparts. It has been rumoured Deutsche bank was interested in Fortis bank as well during the aftermath of the Lehman crash in 08 but they were told to back of by Paris as...

An interesting question in my view is why do Europeaners save, despite the broad social security offered to them by their governments. Or perhaps the question should be reversed into why do people in countries basically offering less of a protection such as the US for instance are less...

Actually, prior to their hyperinflation I believe they were one of the economic and certainly one of the cultural leading places in the world. Other examples could be found surely but what makes Weimar so interesting a century after whas the heights from where they had fallen.

Let me start my response by sharing my view that none of the EURO members will be allowed to default and even the weakest link will be bailed out be it in broad daylight or behind the scenes. Having said that clearly the fact that a country does not defaults on it's debt doesnt mean a...

My main interest in the shifting of society models as I believe we are witnessing today is catching that short window of opportunity where huge profits are to be made for those who positioned themselves correctly before the transition begins. Worrying about the possible negative outcomes of...

The chronical and structural shortcomings in most of these countries' economies and politics ensures them of a higher level of immunity versus external shocks making them less likely to become the next shoe to drop in my view.

Argentina's central bank chief refused to resign after President Christina Kirchner demanded on Wednesday that he step down, in a growing row over payments of debt. Martin Redrado had declined to hand over US$6.5 billion of Argentina's foreign currency reserves to pay off national debt, after...

Gold shot up 20$ right after the employment numbers came out. So, if gold is perceived as an asset to own on bad news, and clearly gold stands to gain should the markets move up from here... I'm fairly comfortable with my position in both gold and the stocks themself.:)

Thanks, I should have known this. I live in Belgium (where guarantees were raised from 20k to 100k during the crisis) but in stead of going after the minimum deposits from the Icelandic people they managed to save the local branch of Kaupthing bank trough a joint effort of savers, other...

The PIGS are often pointed at as economic basket cases but there is more to it than meets the eye. For instance Italian households have a debt level compared to that of Americans.... in 1980! More variables are present making the story a bit more complicated than perceived because of...

Did the UK have a savers deposit guarantee before this crisis started? I know the Dutch didnt but such a guarantee was implemented somewhere after Lehman failed. I also know the Germans have a full guarantee regardless of the amount deposited.

A major collapse is clearly unavoidable. The only unknown is the timefrime which could be 5, 10 or 30 years and when it happens it doesnt has to mean Mad Max is the destiny for all of our children and their children. Sure, living standards will take a hit and pain will be felt widespread...

Switzerland is where all the old and rich men go to escape the treats of the real world.

I visited the US a few times (albeit some years ago) and what struck me most was the amount of useless jobs people seemed to occupy. Opening doors, telling people which way to go when there is no other way to go then straight forward, etc. I would say the higher employment figures the US...

Yeah the age thing I kind of overlooked to be honest.:D What was he thinking selling anyway. When you are 91 who cares.:p Anyway, I opened this topic because I thought all bilionaires have this 24hour connection with the FED and they come together once every week to discuss...

The AUD has been crushing Euro these last few weeks.:)

NEW YORK, Dec. 30, 2008 Billionaire investor Kirk Kerkorian has sold his remaining 5 percent stake in Ford Motor Co., according to his investment company, Tracinda Corp. Kerkorian, 91, has unloaded his last 107 million shares - a 4.89 percent stake - ending his investment with the...

C is offering to settle. 4000 savers get more than 2/3 of the original amount if they accept. Amount equals more than 130 milion Euro. Link only in Dutch: http://www.tijd.be/nieuws/binnenland/Schikking_voor_Citibank-klanten_.8280329-438.art

The US Dollar reigns supreme once more.