Spamdex - Spam Archive

Report spam

Send in your spam and get the offenders listed

Create a rule in outlook or simply forward the spam you receive to

Also in

Why Larry Edelson Is Right

Having trouble viewing this email? View it online.
Monday, August 24, 2015
Money and Markets
Why Larry Edelson Is Right
by Martin Weiss

Dear ,

Martin Weiss

Larry Edelson's Wednesday missive, "Europe's Crisis Over? Hogwash!" is both accurate and prescient.

So if you haven't read it yet, I think you should do so now.

Larry is one of the very few who not only forecast the crisis well ahead of time, but also accurately predicted how it would impact the U.S. dollar, commodities, inflation/deflation and U.S. stocks.

His main points:

Point #1. Greece isn't the only European country suffering under the heavy weight of severe austerity measures. In fact, their vulnerability to Greek tragedies is now worse than ever. Larry writes ...

"The proof is in the numbers. Before the Greek crisis flared up, debt-to-GDP in Greece stood at 113%. Today, Greece's debt-to-GDP stands at a tad north of a whopping 177%.

"In Spain, pre-crisis debt stood at 40% of GDP. Today it's more than 97%. In Italy, it was 106%. Now it stands at 132%. In France, it was 68%. Now it's 95%. Even Germany's debt-to-GDP is worsening, leaping from almost 67% in 2008 to almost 75% today.

"In each and every case, debt-to-GDP is worse than it was at the beginning of the crisis — and the austerity measures are literally causing the entire European continent to implode."

Point #2. Austerity and climbing debt are slowing Europe's economy. GDP is abysmal, missing expectations almost across the board.

Point #3. Despite — or, arguably, because of — all the bailouts, Europe's unemployment is still among the worst in modern times.

Point #4. Commodity deflation is picking up momentum. And never forget: Deep deflation and big debts are an explosive mix. When prices decline, governments and businesses take in less revenues. Moreover, with less revenues, sustaining debts can suddenly be far more difficult.

Now comes the next phase of this sad saga ...

The Grand Greek Bailout #3, the third major attempt in recent years to pull the country out of the abyss, is now a done deal.

We have ever-more Draconian austerity legislation — passed in Athens ... all the needed European approvals in place ... and new debt money already flowing into Greece's coffers.

Very strange.

Because just two months ago, nearly everyone — both lenders and debtors alike — seemed to agree that piling on more debt with still another major wave of austerity was a terrible idea.

* Greek Prime Minister Tsipras denounced the demands by the lenders as "blackmail." He made the case that the required austerity measures would destroy the Greek economy. In fact, he was so confident in his position, he called a referendum and persuaded the Greek people to overwhelmingly vote against the deal. (Postscript: Yesterday, he resigned.)

* Most Germans, led by German Finance Minister Schäuble, argued that another Greek bailout would be disastrous for Greece, the euro and all of Europe. The only rational solution, they said, would be to eject Greece from the European Union.

* The International Monetary Fund published a landmark report that effectively denounced the entire austerity-and-bailout plan. They argued it could never work unless Greece got major debt relief — something that was never granted and probably won't be.

No one was able to substantially refute these arguments.

No one was able to explain how this third major attempt to bail out Greece was any different from the first two failed attempts.

Nearly everyone realized that it was insane to try the same exact prescription and expect different results.

Yet they did it anyhow.

All for the sake of political expediency. All because they lacked the collective wisdom and courage to do what they knew (or should have known) was the right thing — to bite the bullet and surgically remove the cancer.

Bottom line:

They failed to surgically remove the debt cancer.

They failed to stop its spread.

And they have left Europe — plus much of the world — even more vulnerable to the next debt crisis.

This is one of the reasons why we have avoided long-term government bonds like a plague.

This is why we have insisted investors should maintain huge amounts of cash in their portfolio.

And this is why capital preservation should remain, as before, one of your paramount goals.

Good luck and God bless!


The investment strategy and opinions expressed in this article are those of the author's and do not necessarily reflect those of any other editor at Weiss Research or the company as a whole.

Have comments? Tell Us!

Facebook Twitter Linkedin YouTube Pinterest

About Money and Markets
For more information and archived issues, visit
Money and Markets is a free daily investment newsletter published by Weiss Research, Inc. This publication does not provide individual, customized investment or trading advice. All information is based upon data whose accuracy is deemed reliable, but not guaranteed. Performance returns cited are derived from our best estimates, but hypothetical as we do not track actual prices of customer purchases and sales. We cannot guarantee the accuracy of third party advertisements or sponsors, and these ads do not necessarily express the viewpoints of Money and Markets or its editors. For more information, see our Terms and Conditions. View our Privacy Policy. Would you like to unsubscribe from our mailing list? To make sure you don't miss our urgent updates, just follow these simple steps to add Weiss Research to your address book.

Attention editors and publishers! Money and Markets teaser content may be republished with a link to the full story on Such republication must include attribution with a link to the MoneyandMarkets home page as follows: "Source:"

Money and Markets: A Division of Weiss Research, Inc. |
4400 Northcorp Parkway | Palm Beach Gardens, FL 33410 | 1-800-393-0189

This email was sent to
why did I get this?    unsubscribe from this list    update subscription preferences
Weiss Research Inc. · 4400 Northcorp Parkway · Palm Beach Gardens, FL 33410, FL 33410 · USA


All titles, content, publisher names, trademarks, artwork, and associated imagery are trademarks and/or copyright material of their respective owners. All rights reserved. The Spam Archive website contains material for general information purposes only. It has been written for the purpose of providing information and historical reference containing in the main instances of business or commercial spam.

Many of the messages in Spamdex's archive contain forged headers in one form or another. The fact that an email claims to have come from one email address or another does not mean it actually originated at that address! Please use spamdex responsibly.

Yes YOU! Get INVOLVED - Send in your spam and report offenders

Create a rule in outlook or simply forward the junk email you receive to | See contributors

Google + Spam 2010- 2017 Spamdex - The Spam Archive for the internet. unsolicited electric messages (spam) archived for posterity. Link to us and help promote Spamdex as a means of forcing Spammers to re-think the amount of spam they send us.

The Spam Archive - Chronicling spam emails into readable web records index for all time

Please contact us with any comments or questions at Spam Archive is a non-profit library of thousands of spam email messages sent to a single email address. A number of far-sighted people have been saving all their spam and have put it online. This is a valuable resource for anyone writing Bayesian filters. The Spam Archive is building a digital library of Internet spam. Your use of the Archive is subject to the Archive's Terms of Use. All emails viewed are copyright of the respected companies or corporations. Thanks to Benedict Sykes for assisting with tech problems and Google Indexing, ta Ben.

Our inspiration is the "Internet Archive" USA. "Libraries exist to preserve society's cultural artefacts and to provide access to them. If libraries are to continue to foster education and scholarship in this era of digital technology, it's essential for them to extend those functions into the digital world." This is our library of unsolicited emails from around the world. See Spamdex is in no way associated though. Supporters and members of Helping rid the internet of spam, one email at a time. Working with Inernet Aware to improve user knowlegde on keeping safe online. Many thanks to all our supporters including Vanilla Circus for providing SEO advice and other content syndication help | Link to us | Terms | Privacy | Cookies | Complaints | Copyright | Spam emails / ICO | Spam images | Sitemap | All hosting and cloud migration by Cloudworks.

Important: Users take note, this is Spamdex - The Spam Archive for the internet. Some of the pages indexed could contain offensive language or contain fraudulent offers. If an offer looks too good to be true it probably is! Please tread, carefully, all of the links should be fine. Clicking I agree means you agree to our terms and conditions. We cannot be held responsible etc etc.

The Spam Archive - Chronicling spam emails into readable web records

The Glass House | London | SW19 8AE |
Spamdex is a digital archive of unsolicited electronic mail 4.9 out of 5 based on reviews
Spamdex - The Spam Archive Located in London, SW19 8AE. Phone: 08000 0514541.