"I see the trend overall slowing down for China for a while [but] it doesn't mean the commodities going into China are going to slowdown significantly, especially the energy sector." - David Morgan, Silver-Investor.com
January 16th, 2012 (Source: MarketWatch) -- Greece appears to be close to default on its sovereign debt once again, eclipsing last Friday's news that France and other euro zone members were losing their triple-A credit rating. David Enrich and Costas Paris discuss the latest developments.
January 9, 2011 - Tracy Weslosky, CEO for Pro-Edge Inc. interviews David Morgan of Silver-Investor.com in their ongoing discussions on the collapse of the Euro. David Morgan says: "As global economies and this currency problem continues, you'll see a huge flight into the precious metals, silver included."
December 7, 2011 -- With only 10 days to go before the fate of the Euro is decided, David Morgan (Silver-Investor.com) talks to Tracy Weslosky (Pro-edge) about the truth of the Euro Crisis "The truth is that we have a debt burden that we cannot get out of...we must admit that we will never work our way out of this debt..."
November 22nd, 2011 (Source: DemocracyNow) -- The bipartisan so-called "supercommittee" has failed to reach an agreement on reducing the federal deficit after three months of negotiations over taxes and spending. The full Congress will now have a little over a year to come up with an alternative. A trigger of $1.2 trillion in automatic spending cuts over 10 years to military and domestic programs takes effect in 2013. "What people need to remember is that we are a rich country and that this crisis is actually an opportunity to harness our abundant resources in ways that will position us better for the future," says Sarah Anderson, co-author of a new report from the Institute for Policy Studies, "America Isn't Broke: "How to Pay for the Crisis While Making the Country More Equitable, Green, and Secure."
November 12, 2011 -- In this week's Currency Countdown Report, Tracy Weslosky CEO of Pro-edge interviews David Morgan from Silver-Investor.com on the inevitable collapse of the Euro. David starts with: "It's a systemic risk... everything affects everything else...it's a game of dominos where they're all lined up and which one goes first, we don't know...is it going to be Greece, is it going to be Italy, will it be something else?
October 28, 2011 -- "Leveraging more debt to get out of a debt problem actually adds to the problem in the long run..." starts David Morgan of Silver-Investor. In this week's CurrencyCountdown interview, Tracy Weslosky CEO of Pro-edge Consultants Inc. interviews David Morgan of Silver-Investor.com on the last minute bailout plan by European leaders. Following the Euro zone leaders last-minute European Financial Stability Facility -- the "EFSF" deal to limit the damage from the currency bloc's debt crisis, and whether the Chinese will step in and participate, David responds: "The Chinese know that this is bad debt and the old adage throwing good money after bad...and the problem is the basics." A few final notes on the US GDP announcement yesterday that the economic health grew at a 2.5% annual rate in the quarter after adjusting for inflation, this week's content closes on a commentary on the yen's structure and a tip to investor's to start looking at commodities.
October 7, 2011 -- "You cannot fix a massive debt problem by increasing the debt." In this week's Currency Countdown, Tracy Weslosky CEO of Pro-edge Consultants interviews David Morgan of Silver-Investor.com about Greece and the impact on the Euro, the Banks and the market. David says: "This is a troubled time...and again, there isn't any real solution coming to the fore with 'we are going to fix it'...the solutions that are being proposed are non-solutions, unfortunately." www.currencycountdown.com