By Sven R. ARSON
As 2025 draws to a close, it is time to take inventory of the European economy. Unfortunately, it is not an uplifting experience.
To date, Eurostat has published numbers for gross domestic product and its components through the third quarter of 2025. If we calculate an average for those three quarters, the GDP of the EU itself has grown at 1.48% over the same three quarters in 2024.
Stefano Vernole
Lo "yuan dorato" diventerà una seconda ancora globale duratura, non sostituendo il dollaro, ma ponendo fine al suo monopolio: il vero significato dell'Operazione Militare Speciale.
Tra nuovi tagli dei tassi, tensioni geopolitiche e una sfiducia verso gli asset tradizionali, la corsa ai beni rifugio si è trasformata in una competizione storica.
Il protagonista indiscusso del 2025 è stato l'oro, che giorno dopo giorno polverizza record che sembravano irraggiungibili.
© Lee Jin-man Source: AP
Salle de marché de la banque Hana à Séoul, en Corée du Sud, le 30 décembre 2025
Le 31 décembre, les métaux précieux ont cédé une partie de leurs gains annuels, l'argent reculant de 6%, l'or de 1% et le platine de 8%. Les Bourses ont consolidé une année record, portée par la tech et l'IA. À Londres et
By Charles Hugh Smith
OfTwoMinds.com
December 31, 2025
How much private credit has been put in place but isn't in the official credit total is unknown and very likely unknowable. That means total systemic risk is also unknowable.
Everyone wants to lend us money now, even though they're not banks: the insurance company Progressive offered us a loan, PayPal offers us a business loan every time we log in, and the payment processor Stripe includes a pitch to borrow money on its dashboard page.
Source: Gettyimages.ru
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En Bulgarie, le passage à l'euro ne se limite pas à un changement de monnaie. À l'approche du 1er janvier, les craintes d'une hausse des prix restent vives, tandis que certains rejettent la monnaie unique pour des raisons politiques, estimant que l'avenir même de l'Union européenne est incertain.
By Charles Hugh Smith
OfTwoMinds.com
December 29, 2025
We no longer care who's behind the curtain because we're in charge of our own lives now.
The Good News is people are realizing We're On Our Own and starting to take action accordingly.
This article describes how people in one low-income county are localizing self-reliance rather than remain dependent on government subsidies.
The War on Poverty Failed Them-and They're No Longer Waiting For Help (wsj.com, paywalled) Federal money and projects have come and gone so many times that McDowell County locals have little faith in the government to restore their fortunes; 'We're on our own.'
By John Leake
Courageous Discourse
December 29, 2025
Of all the materials that man has used over the centuries, silver may have the most fascinating and romantic history. I first became enamored with the metal around the year 1980, when I first read Robert Louis Stevenson's Treasure Island, which features multiple references to "Pieces of Eight"-that is, the popular name for the Spanish silver dollar (the 8 reales coin or real de a ocho in Spanish).
SchiffGold.com
December 29, 2025
Last week, Peter joined Paul Barron to walk through why gold still defines "sound money," why Bitcoin falls short, and how tokenization could actually help precious metals - not replace them. He critiques the American obsession with crypto, warns about leveraged Bitcoin collapses, and explains how banks would treat tokenized gold very differently from tokenized dollars or Bitcoin.
American investor Robert Kiyosaki reiterated calls for investment in cryptocurrencies and precious metals - contending that the US dollar was on its way out
Friday, December 26, 2025
American investor Robert Kiyosaki reiterated calls for investment in cryptocurrencies and precious metals - contending that the US dollar was on its way out. The Rich Dad Poor Dad author claimed that the BRICS grouping had announced its own 'gold-backed' currency and sounded a fresh warning about 'hyperinflation'.
Source: Gettyimages.ru
[Photo d'illustration]
En hausse de 45 % depuis le début de l'année, le rouble surclasse toutes les grandes devises et s'impose comme la monnaie la plus performante de 2025. Revenu autour de 78 pour un dollar, il signe sa plus forte appréciation annuelle depuis au moins 1994.
Depuis le début de l'année, le rouble russe a connu une trajectoire exceptionnelle.
SchiffGold.com
December 26, 2025
Peter recently appeared on The Julia La Roche show, addressing a broad audience about why he sees trouble ahead for the U.S. economy and what that means for savers. He covers the loss of confidence in the dollar, the role of the Federal Reserve as buyer of last resort, the political danger of tariffs, and how investors can protect themselves with non-dollar assets like quality companies and precious metals.