Philippe Herlin

The question is not a crazy one: GAFA are investing in banking services, as well as a lot of FinTechs.

Will the date of March 29, 2019 remain in the history of gold? Certainly, because it marks the resurgence of precious metals in the banking and financial system.

Here are the numbers: France’ public debt has reached €2,299.8 billion, the equivalent of 99% of its GDP. Public debt keeps growing year after year since deficits – State ones being the largest – persist.

Do not believe anyone telling you the European banking sector is healthy. None other than the European central bank, the ECB, is aware of the problem, having just confessed to it.

The media outlets didn’t go with this news, probably fearing some fake news or another conspiracy theory, while examining the sources in my articles would have reassured them immediately. But did they bother?

My last article on the end of sanctuarization of the Banque de France’s gold grabbed a lot of attention. However, this news hasn’t made it to the main stream media. So let’s get back to this important issue.

Banque de France’s gold must not be used as collateral for financial operations. It is important to revise this scandalous decision.

Mario Draghi, head of the European Central Bank, must be thinking that one can’t get anything for 2.6 trillion euro, nowadays! This astounding amount is the ECB’s QE or, in other words, all the bonds it has bought since March 2015 – with a printing press.

The German government, usually against any form of interventionism, is pushing toward a merger between Deutsche Bank and the country’s second largest bank, Commerzbank.

The revolt of the “Gilets jaunes” (Yellow Vests) is not only about the recent taxes on fuel – it has been brewing for quite some time. It has been caused by a steady decline in purchasing power, which has progressively strangled low-income workers.

Those who own gold are doing better than just preserving their purchasing power – they increase it in a significant manner. Gold plays its role of protecting against inflation perfectly.

Stock markets in Europe and the United States are markedly turning south, although they’re not headed for a crash, at least for the moment. Is this the beginning of a long journey to Hell or just a temporary bump?

In a recently published article, Nouriel Roubini, one of the most trusted economists on the planet, predicts: “By 2020, the conditions will be ripe for a financial crisis, followed by a global recession.” He states ten reasons for his prediction.

Drug money laundering saved the banking system from defaulting during the 2008 crisis. Is this an exaggerated statement?

The end of Greece’s “guardianship” by Brussels, the ECB and the IMF on Monday, August 20, was touted as a victory by the media. If we are to judge by their headlines, the Greek crisis is over. Should we then believe everything is going better?

What constituted, up to now, worries in Italy, Spain, Portugal and, of course, Greece, risks happening in France as well. Bad loans, or non-performing loans, along with the risks they entail for the banking system, constitute a new danger that has to be seriously taken into account.

France will not publish a list of countries holding its public debt, contrary to the United States, for example. But we have nevertheless found, in exclusivity, some data.

On the question of immigration, we are witnessing more and more divide within the European Union. One cannot keep, while witnessing all this confusion and frustration, from imagining what it would be like in case of a banking and financial crisis.

Banking mergers are absolutely not the answer to the banking problems today – in fact, they would constitute a dangerous leap forward.

Records that were reached in the last sovereign debt crisis are being shattered... savers are right to be worried – not only Italians, but all Europeans...