Podcasts about european debt crisis

Finally, you can easily access Bitcoin in a low-cost ETF with the VanEck Bitcoin Trust (HODL). Visit https://vaneck.com/HODLFG to learn more. VanEck Bitcoin Trust (HODL) Prospectus: https://vaneck.com/hodlprospectus/ __ Dr. Ingo Sauer of Goethe University Frankfurt joins Forward Guidance to share findings from his 360 paper on Hyperinflation in 1923 and its connection to central bank insolvency. Sauer argues that severe impairment of central bank assets, and not the printing of vast amounts of central bank liabilities (money), was the primary cause of extreme inflation witnessed 101 years ago in Germany, Austria, Hungary and Poland. Sauer inverts the causal line of exchange rate depreciation, money supply increase, and inflation, and he also shares his concern about the current state of the balance sheet of the European Central Bank (ECB). Filmed on March 5, 2024. __ Ingo Sauer's YouTube channel: https://www.youtube.com/@wissenhatkeineneigentumeri9889 Ingo Sauer's 360 page paper, “The Lessons from 1923 for the Euro Area: Enlightening the Dark Side of (In-) Solvent Central Banks' Balance Sheets”: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4620462 Follow VanEck on Twitter https://twitter.com/vaneck_us Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Timestamps: (00:00) Introduction (00:56) Overview Of Dr. Sauer's Theory On The Ultimate Cause of Hyperinflation: Central Bank Insolvency (07:05) Dr. Sauer's Concerns About The Euro (11:22) Setting The Stage For German Hyperinflation in 1923 (14:33) The German Mark During World War I (21:40) The Assets Of The Reichsbank Increasingly Became Dominated By German Government Obligations (Not Commercial Bills / Collateral Advances / Gold) (30:03) Central Bank Insolvency (Not Money Supply Increase) Caused Hyperinflation in 1923 (34:53) VanEck Ad (36:48) Failed Attempts To Stabilize German Mark And Inflation, 1919-1922 (41:44) Reichsbank's Holdings Of German Treasury Bills Highly Correlated To (In)Solvency Factor (45:01) Explaining Sauer's "Solvency Factor" (47:29) The Mark's Short-Lived Rally In 1920 (51:10) Marker (57:09) The Mechanics Of Central Bank Insolvency (59:40) Reichsmark Insolvency Led To Depreciation Of The Mark, Which Led To Hyperinflation (01:02:34) Money Supply Did Not Cause Hyperinflation, Argues Sauer (01:15:09) The Explosion In Reichsbank's Money Supply Was Mostly Paper Cash, Not Bank Reserves (01:23:03) Reparations' Impact On German Solvency (01:27:22) The Rentenmark And The Halting Of German HyperInflation (01:30:47) Central Bank Profits and Yield Curve Dynamics (01:34:58) European Debt Crisis (2009-2015) (01:36:45) Fed As Dealer Of Last Resort, European Central Bank (ECB) As Market Maker Of Last Resort (01:38:06) ECB Is Less A Central Bank And More Of A "Headquarters" For Domestic Euro Central Banks (such as Bank of France, for example) (01:40:23) Origin Of Fed, And Clearinghouse Loan Certificates As National Currency Before The Fed (01:44:18) Why Has ECB Balance Sheet Expansion Post 2008 Coincided With Disinflation (Or Deflation), And Not Hyperinflation? (01:47:44) Sauer's Fears About The ECB And The Euro (02:00:46) The Mechanics Of Monetary Financing (02:18:32) Interest Rate Risk Is Not A Systemic Concern __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Hosts: Ansel Lindner and Christian Keroles Listen To This Episode:  Apple / Spotify / Google / Libsyn / Overcast / RSS Charts for episode can be found on BitcoinandMarkets.com/fed100 Fed Watch is the macro podcast for bitcoiners. Each episode we discuss current events in macro from across the globe, with an emphasis on central banks and currencies. In this episode, CK and I cover developments in Japan in regards to Yield Curve Control, in the US in regards to growth and inflation forecasts, and in Europe in regards to the concern about fragmentation. At the end of the episode, we celebrate the 100th episode of Fed Watch by reviewing some of the guests and calls we have made throughout the show's history. Big Trouble in Japan The economic troubles in Japan are legendary at this point. They have suffered through several lost decades of low growth and low inflation, addressed by the best monetary policy tools of the day, by some of the best experts in economics (maybe that was the mistake). None of it has worked, but let's take a minute to review how we got here. Japan entered their recession/depression back in 1991 after their giant asset bubble burst. Since that time, Japanese economic growth has been averaging roughly 1% a year, with low unemployment, and very low dynamism. It's not negative GDP growth, but it's the bare minimum to have an economic pulse.  To address these issues, Japan became the first major central bank to launch Quantitative Easing (QE) in 2001. This is where the central bank, Bank of Japan (BOJ) would buy government securities from the banks in an attempt to correct any balance sheet problems, clearing the way for those banks to lend (aka print money). That first attempt at QE failed miserably, and in fact, caused growth to fall from 1.1% down to 1%. The Japanese were convinced by Western academic economists, like Paul Krugman, who claimed the BOJ failed because they had not "credibly promised to be irresponsible". They must change the inflation/growth expectations of the people by shocking them into inflationary worry. Round two of monetary policy in 2013 was dubbed QQE (Quantitative and Qualitative Easing). In this strategy, the BOJ would cause "shock and awe" at their profligacy, buying not only government securities but other assets like ETFs on the Tokyo stock market. Of course, this failed, too. Round three was the addition of Yield Curve Control (YCC) in 2016, where the BOJ would peg the yield on the 10-year Japanese Government Bond (JGB) to a range of ±10 bps. In 2018, that range was expanded to ±20 bps, and in 2021 to ±25 bps, where we are today. The YCC Fight As the world is now dealing with massive price rises due to the economic hurricane, the government bond yield curve in Japan is pressing upward, testing the BOJ's resolve. As of now, the ceiling has been breached several times, but it hasn't completely burst through. The BOJ now owns more than 50% of all government bonds, on top of their huge share of ETFs on their stock exchange. At this rate, the entire Japanese economy is going to be owned by the BOJ soon. The Yen is also crashing against the dollar. Below is the exchange rate, how many yen to a US dollar. Federal Reserve DSGE Forecasts Federal Reserve Chairman, Jerome Powell, went in front of Congress this week and said that a US recession was not his "base case", despite nearly all economic indicators crashing in the last month. Here we take a look at the Fed's own DSGE model. The New York Fed DSGE (dynamic stochastic general equilibrium) model has been used to forecast the economy since 2011, and its forecasts have been made public continuously since 2014.The current version of the New York Fed DSGE model is a closed economy, representative agent, rational expectations model (although we deviate from rational expectations in modeling the impact of recent policy changes, such as average inflation targeting, on the economy). The model is medium scale, in that it involves several aggregate variables such as consumption and investment, but is not as detailed as other, larger, models. As you can see below, the model is predicting this year's Q4 to Q4 GDP to be negative, as well as the 2023 GDP. That checks with my own estimation and expectation that the US will experience a prolonged but slight recession, while the rest of the world experiences a deeper recession. In the below chart, I point out the return to the post Great Financial Crisis (GFC) norm of low growth and low inflation, a norm shared by Japan by the way. European Anti-fragmentation Cracks Only a week after we showed watchers and listeners of Fed Watch ECB President Christine Lagarde's frustration at the repeated anti-fragmentation questions, EU heavyweight, Dutch Prime Minister Mark Rutte, comes through like a bull in a china shop. I read parts of an article from Bloomberg, where Rutte claims it's up to Italy, not the ECB, to contain credit spreads. What's the big worry about fragmentation anyway? The European Monetary Union (EMU, aka Eurozone), is a monetary union without a fiscal union. The ECB policy must serve different countries with different indebtedness. This means that ECB policy on interest rates will affect each country within the union differently, and more indebted countries like Italy, Greece and Spain will suffer a greater burden of rising rates. The worry is that these credit spreads will lead to another European Debt Crisis 2.0, and perhaps even political fractures as well. Countries could be forced to leave the Eurozone and/or the European Union itself over this issue. Lookback on 100 Episodes The last part of this episode is spent looking back at some of the predictions and great calls we've made. It didn't go according to my plan, however, and we got lost in some weeds. But overall, we were able to highlight the success of our unique theories put forward by this show in the bitcoin space. Strong dollar Bitcoin and USD stablecoin dominance US's relative decentralization makes it a better fit for bitcoin Bearish on China and Europe We also highlight some specific calls that have been spot on, which you'll have to watch the episode to hear. I wanted to highlight these things to show the success of our contrarian views, despite being unpopular amongst bitcoiners. This show is an important voice in the bitcoin scene because we are prodding and poking the narratives to find the truth of the global monetary system. Links More on Japan's YCC trouble https://archive.ph/zcIOW Federal Reserves DSGE model https://www.newyorkfed.org/research/policy/dsge#/interactive Mark Rutte on fragmentation https://archive.ph/K6nHI That does it for this week. Thanks to the watchers and listeners. If you enjoy this content please SUBSCRIBE, REVIEW on iTunes, and SHARE! Written by Ansel Lindner Economist, bitcoin specialist, and author of the Bitcoin Dictionary and the free weekly Bitcoin Fundamentals Report. Find more from Ansel at the bitcoinandmarkets.com

Hosts: Ansel Lindner and Christian Keroles Listen To This Episode:  Apple / Spotify / Google / Libsyn / Overcast / RSS Charts for episode can be found on BitcoinandMarkets.com/fed99 If you enjoy this content please SHARE, LIKE, SUBSCRIBE, and REVIEW on iTunes if you listen! Fed Watch is the macro podcast for bitcoiners. Each episode we discuss current events in macro from across the globe, with an emphasis on central banks and currencies. In this episode, CK and I listen and react to highlights from this month's two central bank press conferences, Federal Reserve Chairman Powell and ECB President Lagarde. Central banks are one of the most misunderstood institutions in our modern world. Many analysts simply tell you what the Fed or the ECB thinks and what they do to disrupt the global economy, but on our show, we like to give you primary source material from which you can start to form your own educated opinion. We live stream most of our shows on the Bitcoin Magazine YouTube channel on Tuesdays at 3pm eastern. Mark your calendars! Federal Reserve Chairman Powell's highlights and reaction Chairman Powell's comments were highlighted by a few narratives. These are simply what they say they are doing, not our analysis.  Their primary concern is inflation fighting They will be adaptive to new data A tight employment market threatens to exacerbate inflation They cannot affect the supply side, so they will tamp down demand to bring down prices The main metric guiding the Federal Reserve's course of rate hikes is CPI and “inflation” expectations. There are several ways to measure this, the Fed uses consumer surveys. This is a critical distinction between surveys and market-derived expectations, because surveys will not distinguish sources of price increases where the market-derived measures will do that. Below is the Fed's survey of inflation expectations. You can see, the median prediction is above 8%. However, the market-derived data, namely the 5 and 10-year Breakevens and the 5y-5y Forward, are showing inflation expectations around 2.5%. What accounts for this huge difference? It is because the market-derived data is measuring actual money printing, or in other words, actual inflation. The survey data on the other hand is measuring generic price increases which are much more highly affected by supply shocks; in this case, self-imposed supply shocks. ECB President Lagarde highlights and reaction We also listen to a few clips of President Lagarde's press conference. Here we get a flavor for the ECB's formative narratives. Inflation is the fault of Covid and Putin Their governing council has expertly formulated a journey to normality They will begin to raise rates and tighten their balance sheet in July They are dedicated to “anti-fragmentation”, or in other words, avoiding a European Debt Crisis 2.0 and keeping the Eurozone together They have all powerful tools The ECB faces a different challenge than the Federal Reserve. The ECB must raise rates with some more indebted countries, already with anti-Euro parties growing, facing uneven effects, as we can see with credit spreads in Italy for example. Links Powell's speech https://youtu.be/IojU0hD3A_A Lagarde and the ECB https://youtu.be/d_utpAxGMYo Reuters article https://www.reuters.com/markets/europe/ecb-hold-unscheduled-meeting-discuss-market-rout-2022-06-15/ That does it for this week. Thanks to the watchers and listeners. If you enjoy this content please SUBSCRIBE, REVIEW on iTunes, and SHARE! Written by Ansel Lindner Economist, bitcoin specialist, and author of the Bitcoin Dictionary and the free weekly Bitcoin Fundamentals Report. Find more from Ansel at the bitcoinandmarkets.com

In the 1st episode of Purpose-Driven Wealth, your hosts Mo Bina and Shah Ahsan, with guest Hunter Thompson speak about an alternative asset that will surely catch the interests of high-income earners. Despite reading countless books on finance and economics, Hunter realized that there will always be risks that can't be perfectly weathered after the financial crisis in Europe. Tune in as they explain how a skilled investor can power through market changes and why it's completely normal to think investing in ATMs is bonkers. In this episode you will learn: What the European Debt Crisis taught Hunter Your skill set can grow faster than the market Passive investing is the only way to financial freedom Why ATMs are an attractive asset class A factor to mobile home parks that's the same with ATMs and so much more! About Hunter Thompson: Having a background in economics has allowed Hunter to achieve a holistic approach to analyzing real estate data and has led him to a unique perspective on out-of-state investing. His business aims to help clients invest in passive cash flow opportunities that provide a healthy return on investment without the headaches associated with the stock market's volatility. Hunter has analyzed and closed residential real estate acquisitions, hard money loans, bridge financing opportunities, commercial and residential syndications, mobile home parks, retail opportunities, and syndicated office space investments. He has worked with multiple asset teams across several geographic locations in the US and Canada. Hunter's main priority is establishing an extremely diverse portfolio without exposing the client'scapital to unnecessary risk. Follow Hunter Thompson on: Website:          https://asymcapital.com/ LinkedIn:         https://www.linkedin.com/in/hunterthompsoncfc/ Connect with Mo Bina on: Website:          https://www.high-risecapital.com/ Medium:          https://mobina.medium.com/

Eurozone bond yields are spiking over fears of the European Central Bank (ECB) will withdraw stimulus. Are we in for another European Sovereign Debt Crisis?The latest Brexit data is out and the trade deficit with the EU has worsened improved!?Meanwhile the UK government plans to solve our energy crisis by generating more energy making you pay more and consume less!?Find out what's going on from Nigel Farage in this video… Want to hear more from Nigel and the Fortune and Freedom team? Visit https://fortuneandfreedom.com/

After a week off due to illness, we're back with a new episode of Bitcoin Magazine's “Fed Watch'' podcast. In this one, Christian Keroles and I sit down to talk about the mysterious competitive world of central banking. Topics include Powell's reappointment and, funnily enough, what it means for the ECB. There is an epic pivot in loyalties happening right now, as the Fed takes to heart its role as the US central bank and distances itself from a responsibility to Europe. 0:00 Welcome to Fed Watch #71 1:30 Comparing US Inflation to the ECB and BOJ 2:55 Tom Luongo the next Fed Watch Guest 3:38 Reappointing Jerome Powell as Federal Reserve Chairman 7:33 Central Banks Adressen Stabl eCoins, Bitcoin And Crypto Assets 12:37 The ECB and Central Bank digital Currencies 13:07 Europe is under Pressure 16:53 Bitcoin can Benefit from The current Situation in the EU 18:28 Speculative Attacks with Bitcoin 22:36 Europe in the weakest Makro Position 23:45 The Current Bitcoin Price Action 28:51 Go Follow: @AnselLindner & @Ck_Snarks   We start the episode with our first trivia winner. I wanted people to answer the question, if central bank balance sheets matter, why are the ECB and BOJ's inflation rates lower and balance sheets higher relative to GDP than the US's? Mitch (@wittyusername30) had the best answer. Congratulations. To paraphrase: central banks don't print money, they swap inert reserves for useful collateral. This has a deflationary pressure on the economy. Powell gets renominated as Chairman Powell was renominated by Biden for Fed Chairman, winning out over his competition, Lael Brainard. Several reasons were cited, like Powell's path through Senate confirmation is much easier, while Lael might meet with a split vote along partisan lines in a 50/50 Senate. Also, officials said Powell was being “rewarded” with another term for successfully shepherding the economy through the 2020 Covid recession. I view this appointment as having a deeper meaning. 1) We've talked at length on this show about Powell's refusal to go along with the Central Bank Digital Currency (CBDC) hype. Other central banks are pushing hard for CBDC, and Powell continuously splashes cold water on that idea. This symbolizes a break with globalist interests in favor of American banking interests. 2) Powell has faced rising Progressive opposition from Congress. Crazies, like Sen. Elizabeth Warren, have attacked him because he is not dovish enough and not buying into the Fed's role in climate policy. His reappointment is a repudiation of sorts against Progressives and their toxic ESG initiatives. 3) Lael is the more globalist-friendly choice. Powell symbolizes a break with globalists to a more America-centric policy. ECB Regulation and Panic Next, we jump right into ECB news. This week they released a new regulatory framework for electronic payments. The Eurosystem will use the new framework to oversee companies enabling or supporting the use of payment cards, credit transfers, direct debits, e-money transfers and digital payment tokens, including electronic wallets. The PISA framework will also cover crypto-asset-related services, such as the acceptance of crypto-assets by merchants within a card payment scheme and the option to send, receive or pay with crypto-assets via an electronic wallet. ECB Press Release This stands in stark contrast to the US, where the White House and Treasury tried to carve out a bitcoin exception in the recent Infrastructure Bill, which ironically was thwarted by altcoiners wanting to protect scams that are Decentralized In Name Only (DINOs). The ECB is scared that the Euro will lose market share in the years to come, whittling away their “monetary sovereignty”. They want to block competition from dollar stablecoins and bitcoin, while at the same time provide the market with a digital Euro. A digital Euro the market hasn't seen fit to provide itself by the way. It was during the peak of EDC1, that bitcoin first established itself and rallied in the bitcoin bubble of 2011 to $30. Could we see a repeat 30x rally this time? Probably not that much, but a massive rally is in the cards in the coming year. Thanks for listening. If you found this episode informational, please share and give us a rating on iTunes so others can find the show! Links Biden Keeps Powell as Fed Chief, Elevates Brainard to Vice Chair https://archive.ph/9j4PA Eurosystem publishes new framework for overseeing electronic payments https://www.ecb.europa.eu/press/pr/date/2021/html/ecb.pr211122~381857cdfe.en.html Written by Ansel Lindner Economist, bitcoin specialist, and author of the Bitcoin Dictionary and the free weekly Bitcoin Fundamentals Report. Find more from Ansel at the bitcoinandmarkets.com    

The coronavirus pandemic continues to cause extreme volatility in the stock market. There have been several bear markets and corrections over the past thirty years. 1987 STOCK MARKET CRASH 2000 DOT.COM BUST 2001 TERRORIST CRISIS 2008 FINANCIAL CRISIS 2013 EUROPEAN DEBT CRISIS 2018 INFLATION SCARE In every instance the collective creativity and ingenuity of workers around the globe have spurred the capital markets to new heights. In this video Coffeehouse Investor Bill Schultheis explains the wisdom of adhering to your financial plan as a guiding tool to navigate these uncertain times. More information can be found at https://www.coffeehouseinvestor.com

NB For technical reasons we had to use a fall back recording. Costas Lapavitsas is one of the foremost left critics of the EU. He was elected as an member of the Greek parliament for Syriza in 2015 before defecting to Popular Unity in defiance of the government's concessions to the Troika later in the year. Since 1999 he has taught economics at SOAS, where he now holds a professorship. The event is chaired by Bristol Transformed's own Raven Hart. Raven works as a data analyst in tax, has lived in Athens and produced research on the economic effects of austerity in Greece brought on by the aftermath of the European Debt Crisis. He is currently in the process of pursuing a PhD examining the role of tax in reversing the effects of financializaton under Costas’ supervision.

Eager to make it as an investor, Hunter Thompson was up for any vehicle that has risk-adjusted returns with predictable income and results. After the European Debt Crisis, which caused great volatility in the US stock market, it became apparent to him that real estate is the key. Hence, he became a full-time real estate investor. Hunter started by pooling funds from family and friends and to date, he has raised $20 million in private capital. He is the host of the Cash Flow Connections Podcast, which helps investors with the intricacies of commercial real estate. Today, he shares how to grow an investor database, nurturing leads, choosing operators and the pros of mobile home parks and self-storage. Key Market Insights: Originally from Memphis, Tennessee Moved to California to become a professional poker player Poker looks at things on a risk-adjusted basis, which is key to any business endeavor particularly real estate Stock Market - no accurate prediction regardless of due diligence Became a full-time real estate investor after the European Debt Crisis which greatly affected the US stock market Real Estate has risk-adjusted returns that create predictable income and results Why Real Estate? Simplicity of the investment and accurate due diligence even without a massive firm Founder of Cash Flow Connections, and host of Cash Flow Connection Podcast Challenge on First Deal - uncommon niche that requires a paradigm shift Tips on Scaling: Build an infrastructure that nurtures leads through sophisticated and educational contents Tips on Effective Content: 600-1000 word article, and automated emails Effective emails are consistent and add significant value, not spammy Growing an Investor Database: Network Events, Podcast, Email Marketing, and Blog Articles Identifying a Key Market: Diverse employment, demographic shift, growing metropolitan, 30 minutes away from Charlotte and Atlanta Tertiary Assets such as mobile home parks and self-storage are recession-resistant assets The worst the economy is, the more demand is for affordable housing and storage Mobile Home Parks - affordable resulting in more demands; however it has less competition How to Choose An Operator: Verify ownership, check track record and due diligence Passive investment vehicle gives you more diversification Passive Investing - identify best sponsors, capitalize on their expertise, exclusion from further liabilities Hosting the first Intelligent Investors Conference on Nov. 10 and 11 Bull’s Eye Tips:   Winning Investors: Just go and focus.   Tracking Market Changes: Talk to smart people every day.   Daily Habit: Goal setting, and meditation. Resources:   Deep Work by Cal Newport   The One Thing by Gary Keller   Making Massive Money in Mobile Home Parks with Kevin Bupp Six Due Diligence Questions Passive Investors Should Always Ask by Hunter Thompson Intelligent Investors Real Estate Conference Nov. 10-11, 2018 Book: The Miracle Morning for Entrepreneurs by Hal Elrod and Cameron Herold   Double Double by Cameron Herold Digital Resource: Mixmax  Tweet this: “There is no better investment  than buying a thousand of branded thank you notes.”   “You can trust, but always verify.” Places to Grab a Bite: Sugarfish Connect with Hunter: Website: https://cashflowconnections.com Email: info@cashflowconnections.com

Y llegó la hora de la burbuja paralela que ocurría mientras ocurría la de la compañía del Mar del Sur. Es hora de cruzar hasta Francia y encontrarnos con la burbuja paralela de la Compañía del Misisipi. Es la burbuja que no fue burbuja. En Francia, John Law, un economista, apostador delirante y aventurero loco escocés, llevó la idea del papel dinero a Francia y trató de hacer lo que estaba haciendo la compañía del Mar del Sur con la deuda, pero hacerlo bien en lugar de estafar a todos. No importa, la gente se dispuso a estafarse sola y con la firme creencia de los capitales que Luisiana era una tierra de oportunidades llena de ciudades milagrosas, la burbuja creció igual. Y luego, pop. Conexiones con Han Solo y gatos que no son gatos aderezan este relato espectacular. Fuentes / Textos - COLOMBO, Jesse. (2012) The Mississippi Bubble (1716-1720) The Bubble Bubble. - CUEVAS, John. (2011) Cat Island: The History of a Mississippi Gulf Coast Barrier Island. McFarland; First Edition edition. ISBN: 978-0786463282 - LAW, John. (1705) Money and trade considered: with a proposal for supplying the nation with money. Archive.org. - MACKAY, Charles. (1841) Extraordinary Popular Delusions and the Madness of Crowds. Project Gutemberg. - Map forum. John Law and the Mississippi Scheme. - NARRON, James; SKEIE, David. (2014) Crisis Chronicles: The Mississippi Bubble of 1720 and the European Debt Crisis. Liberty Street Economics. Fuentes / Sitios Web - Wikipedia Música, en órden de aparición: El tema de la Tortulia es una versión de Caravan por Oleg Zobachev. El tema original es de Duke Ellington.

This podcast takes an in-depth look at the causes and consequences of the European debt crisis. It explores the courses of action that have been taken so far and what might be done next, as well as the implications of these actions for businesses and individuals.

The European debt crisis has been going on for so long now, that it has honestly become pretty boring. How long can politicians discuss whether Greece should leave the Eurozone or not? It has been discussed ad nauseum, whether Greece would be poorer in the Eurozone or out of it. The consensus seems to be they would be more financially strapped if they left. So, why not just decide to stay and deal with austerity? The real question however, which seems to be rarely mentioned, as if it was almost a taboo subject, is if Greece should relinquish her sovereignty or not? If that is the question, would not the clear answer be to leave the Eurozone? Isn't freedom worth much more that a few years of austerity? Maybe the answer is that Greece's sovereignty is long gone, as will the sovereignty of the other Eurozone nations, which are on the brink of bankruptcy.

In response to questions from some of our listeners, Dave and Robb will explain the European Debt Crisis and discuss some of the potential effects of that may take a toll on America's recovery and our personal financial wellbeing. Does Europe provide a crystal ball into potential consequences of our financial and monetary policy? Additionally, we will answer some other questions related to immigration, mortgages and hyperinflation. Dave gets a little emotional and Robb reals him back in. Also, should we start a book club?

Guest: Dr. Ileana Johnson-Paugh, author and economist.

Guest:  Dr. Ilena Johnson-Paugh, author and economist.

- Don Luskin, Chief Investment Officer and Co-Founder of TrendMacrolytics - Please call 1-800-388-9700 for a free review of your financial portfolio

After stocks posted a seven straight session of losses, ending the worst week in 2 months. Ed Butowsky examines if Europe's debt crisis are the root cause of stock market's worst week.

The G-20 Summit wrapped up Friday, and last week's referendum and subsequent backpedaling by Greece shifted the focus of the meeting even more toward the European Debt Crisis. Prime Minister Georges Papandreou's decision to step down puts Greece's future in the Eurozone on even shakier ground. And the United Nations estimates that last week, the world population surpassed 7 billion. Later, a conversation with University of Oklahoma Political Science and International Studies Professor Ariel Ahram. His latest book Proxy Warriors: The Rise and Fall of State-Sponsored Militias explroes how leaders in developing nations use gangs and paramilitary groups to achieve their goals.

In the current edition of Market Insights, Burkhard Varnholt comments on the escalating European debt crisis, how these developments could affect the markets and how investors should position themselves in the coming months.

Moe discusses European Debt Crisis with guest Brian Whitmer. Please call 1-800-388-9700 for a free copy of the European Financial Forecast newsletter.

Topics discussed: WikiLeaks, European Debt Crisis, Higher Self, Over Souls, Free Energy, Akashic Records for Plants, Planets and Insects, Door Keepers, Soul Groups. WikiLeaks and European Debt Crisis If you have been following the news over the last year, you would have been witness to the previously released documents by WikiLeaks, touching on sensitive subjects as the war in Iraq and Afghanistan. Moving forward to November 2010 we now have the disclosure of embarrassing diplomatic communications between world politicians and diplomats. On the surface it would appear that WikiLeaks is part of the long awaited "Truths to be Revealed" energy that many spiritual channellers, seekers and truthers have been eagerly waiting for. The next set of documents will apparently reveal how some of the big banks have been misbehaving, no surprise there, but to see that in writing could be Earth shattering. I for one really hope WikiLeaks is truly part of a disclosure campaign to bring transparency and accountability so the good citizens of the planet can walk forward in a more honest and just world. However, I do have my doubts, where perhaps good information is mixed with disinfo to forward one particular group's agenda. With this in mind, I thought this would make a great topic of discussion for the start of the show. So playing the Devils Advocate role, I grilled Gregory on his view of the WikiLeaks release and the current European debt crisis. The show was also based on these questions sent in by our listeners. Do plants have soul groups as well? And if so, does this apply also to lesser plant species such as grass? Do plants have doorkeepers as well? Is it possible to belong to more than one soul group at a time? So humans and animals have an akashic record, but does each galaxy, universe and even entire physical dimension have its own akashic record? Do plants have an akashic record as well? What about insects? If not insects, then do insects have spirit? 1. If someone is incarnated on Earth (or elsewhere for that matter) is it possible to speak to their 'higher self' via a medium and if so would the incarnated person be aware in any way of this conversation? 2. Some people describe there being 2135 (human) soul groups associated with Earth, then each of these groups contain 144,00 Monad groups, each of these has 12 over souls and finally each of these has 12 individual souls giving over 44 billion individual souls associated with Earth (some incarnated and some not). Apparently within these different levels one can be more or less aware of the souls therein depending on various factors. Can Gregory confirm his understanding? 3. Some people say that you can get 'free energy' from water to power produce power e.g. to power vehicles either via a 'Joe cell', a 'Stanley-Meyer' cell or Bob Boyce's work amongst others. At first sight this seems to violate the laws of thermodynamics - can Gregory elaborate on whether these cells can actually produce free energy? If they could it clearly would be a big help for the planet and to counter peak oil. And much more...