Posts by Jeff Berwick

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…

The Dollar Vigilante began in 2010, just a few months after Greece’s last government debt crisis.  That crisis was “solved” by putting a bankrupt country into more debt.  We commented at the time that not only did that not actually fix the problem but it just made it worse. At the time, we commented that…

Whenever you see US citizens losing their minds over something as silly as a flag, I’ve learned to look at what’s being passed by Congress at the same time. Statist flag worshipers were in a frenzy about a piece of colored cloth called the Confederate flag because a man with that flag on his bumper…