Greece's New Money: Many, Not One?


by Charles Hugh Smith, Of Two Minds

What we may be witnessing is the first phase of a new era of widespread non-state currencies.

It was easy to predict the eventual collapse of the one-currency-fits-all euro: indeed, many analysts explained why it was doomed before it was adopted as an integral part of the European Project, which broadly speaking calls for complete integration of the European economies.


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What We Read Today 07 July 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

Same-Sex Marriage

Written by Frank Li

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Infographic Of The Day: Iconic TV Living Rooms

Inspiration comes from all manner of places, from design magazines and blogs, to Pinterest and Instagram. But for those not involved in the world of design, inspiration is usually sparked from the media, in particular our favourite TV shows. 80s wood panelling, 90s purple walls and even 00’s periodic table shower curtains - they have all sparked a design trend and impacted the way we design our homes. 

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Video of the Day:

"Spy Drones Expose Smithfield Foods Factory Farms": SINCE 2012, "Speciesism: The Movie" director Mark Devries has been secretly using spy drones to investigate and expose the environmental devastation caused by factory farms. In this video, the drones capture shocking aerial footage of several massive facilities that supply pigs for Smithfield Foods.

video of day picture

FOREX NEWS by DailyForex

Commodity Currencies Hit by China Concerns

While the ongoing situation in Greece is clearly dominating market sentiment, investors are also pondering another possible troubling situation which is escalating in China.

Greek Drama in Final Act

The Greek tragedy is in a dramatic downward spiral but all hope is not lost. The curtain may not come down just yet as a possibility of a Eurozone bailout is still alive.

Greek Tragedy Affects Gold, Oil Prices

All eyes may be focused on Grexit and the state of the euro, but commodity buyers are looking beyond Greece and the effects of the debt crisis on gold.

Grexit or Grin?

This is getting a little gridiculous, but grere you gro. When the question of whether Greece will remain within the Eurozone or exit from the common currency is finally resolved, we can drop a few ‘g’s.

Yanis Varoufakis: Farewell or Goodbye?

The surprise resignation of the Greek Finance Minister, Yanis Varoufakis, deprives us all of the presence of one of the most controversial, articulate, passionate, and unconventional politicians on the world stage today.
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Quick Market Update

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A Revolutionary Pope Calls for Rethinking the Outdated Criteria That Rule the World

by Ellen Brown, Web of Debt

Pope Francis' revolutionary encyclical addresses not just climate change but the banking crisis. Interestingly, the solution to that crisis may have been modeled in the Middle Ages by Franciscan monks following the Saint from whom the Pope took his name.


 USA economy at a glance (boxed items are updates in last 7 days)

May 2015 CoreLogic Home Prices Year-over-Year Growth Rate Now 6.3%. Home Price Growth Continues.

Econintersect: CoreLogic's Home Price Index (HPI) shows that home prices in the USA are up 6.3% year-over-year year-over-year (reported up 1.7% month-over-month). There is considerable backward revision in this index which makes monthly reporting problematic. CoreLogic HPI is used in the Federal Reserves's Flow of Funds to calculate the values of residential real estate.

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