by Asher B. Edelman In April of 2010 I wrote my first note about Greece in which I suggested that €30 billion would not solve or even impact the Greek problems. In that same letter I suggested three possible courses Europe, the IMF and the rest of the world might take, the third being the [...]
by Asher B. Edelman – I don’t think so! In the last one hundred years Germany has made two attempts to own, control and dominate Europe. Each has been repulsed. Can this third attempt succeed? I don’t think so! France, as has always been the case, is the weak sister concealing its own financial disaster; [...]
Dear Friends, today the Occupy Wall Street protesters were evicted from Zuccotti Park. Regardless of one’s political or economic persuasions, this act will be seen as having been cavalier and performed without thoughtful examination. What was a peaceful protest against the banking community and our government, who has donated and continues to donate tax payer [...]
Dear Friends, Yesterday I received a document by email from an old friend and partner, that I’m going to make available here. As most of you, if not all, maintain accounts at both banks and brokers, or at least one or the other, it should be of interest to understand, to what extent the financial [...]
Dexia (described as in a state of “gripping liquidity strains”; otherwise “insolvent” might be the appropriate adjective), has a plan to sell to the French and Belgian taxpayers $238.9 billion of bad assets “that can’t be sold under current market conditions.” It is said that during the last 15 years Dexia “over-expanded its book of [...]
by Asher B. Edelman In April of 2010 I wrote my first note about Greece in which I suggested that €30 billion would not solve or even impact the Greek problems. In that same letter I suggested three possible courses Europe, the IMF and the rest of the world might take, the third being the [...]
by Asher B. Edelman – I don’t think so! In the last one hundred years Germany has made two attempts to own, control and dominate Europe. Each has been repulsed. Can this third attempt succeed? I don’t think so! France, as has always been the case, is the weak sister concealing its own financial disaster; [...]
Dear Friends, today the Occupy Wall Street protesters were evicted from Zuccotti Park. Regardless of one’s political or economic persuasions, this act will be seen as having been cavalier and performed without thoughtful examination. What was a peaceful protest against the banking community and our government, who has donated and continues to donate tax payer [...]
Dear Friends, Yesterday I received a document by email from an old friend and partner, that I’m going to make available here. As most of you, if not all, maintain accounts at both banks and brokers, or at least one or the other, it should be of interest to understand, to what extent the financial [...]
YEA! Yea for Europe (we hope)! On October 27 the European community announced the “solution” to sovereign debt and European banking. Some issues were left a bit unclear such as: 1) Does the “voluntary” default constitute a default especially as to credit swaps? That issue will determine which banks fail first, though the intent is [...]
by Asher B. Edelman I am optimistic for the economic and social outlook for the United States! During the next four or five years we will, once again, shift into gear. “Occupy Wall Street” will come to be thought of as “Save the Nation(s).” The present Administration is moving, and will move quickly, away from [...]
Dexia (described as in a state of “gripping liquidity strains”; otherwise “insolvent” might be the appropriate adjective), has a plan to sell to the French and Belgian taxpayers $238.9 billion of bad assets “that can’t be sold under current market conditions.” It is said that during the last 15 years Dexia “over-expanded its book of [...]
by Asher B. Edelman The Banking System has suffered a collapse (then revived by the American taxpayer). It is, once again, on the cusp of collapse. With the help of the taxpayer the International Banking community survived the mortgage and mortgage derivatives crisis. It survived the steep decline in equities. A huge effort is contemplated [...]
by Asher B. Edelman This is an adapted transcript of an interview of Asher Edelman with bigthink.com of July 28th. If I were Chairman of the Fed right now, I would try to instruct the President, his advisors and Congress that monetary easing alone, or monetary policy alone, can never revive the economy. And that without [...]
by Asher B. Edelman In the past couple of days I have received a number of calls about currency weakness and commodities volatility – especially that of Silver. The aggressive policies pursued by the American government and other debtor nations to debase their currencies have awakened speculation in “hard assets” such as silver, gold, other [...]
