How Basel III Rules Augment Systemic Risk
Even if its goals are laudable, a tough regulation always generates perverse effects. Such is the case with Basel III, and it’s a shame, because it’s the solidity of our banks that is concerned.
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Even if its goals are laudable, a tough regulation always generates perverse effects. Such is the case with Basel III, and it’s a shame, because it’s the solidity of our banks that is concerned.
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According to Jim Sinclair of JSMineset.com, by 2016, Gold will be $3,200 to $3,500 an ounce. Emancipated gold will be $50,000 per ounce.
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The Euro which is a rubbish currency is up 8% against the dollar since July and over 65% since 2000. So even against another weak currency, the dollar is losing ground rapidly. And in real terms which of course is gold, the dollar has lost 98% since the creation of the Fed in 1913.
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With the shutdown absurd showdown – temporarily – over, we are now faced with having to re-evaluate the U.S. debt in depth. Is it still a safe, risk-free asset, with the Fed backing it forever with new money? This is an important question.
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Gold price forecast in a new gold standard. The formula used by Nick Laird came from James Rickards. It's based on the rule they had in place in the early 1900's where the monetary base was backed by 40% gold
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Central bank gold is a reserve of safety, providing "fairly good protection against fluctuations of the dollar and risk diversification," according to Mario Draghi, President of the European Central Bank (ECB)
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As we’ve been saying at the time, the spoliation of bank accounts in Cyprus this last March to save their banks was but a general rehearsal. We’ve also learned that there is a european proposal on the table to have depositors of over 100,000 euros contribute should there be a bank bailout in a Eu...
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The dollar is very susceptible to losing its vaunted reserve currency position by the first major trading country that stops inflating its currency. There is evidence that China understands what is at stake; it has increased its gold holdings and has instituted controls to prevent gold from leavi...
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Interview of James Rickards by Fabrice Drouin Ristori about central bank manipulation of gold and silver markets. The signs that the manipulation is coming to an end will include depletion of warehouses, price spikes and notifications from banks that they will no longer allow the conversion of go...
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Gold in your hand eliminates counter-party risks. Gold in hand removes financial agents between you and your assets. Gold ETFs defeat the definition and purpose of gold and are therefore poor choices for the gold investor.
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Although we often read in the press or hear from banking and political leaders that the ECB doesn’t buy back sovereign bonds, contrary to the Fed, thus hinting that « we Europeans are more virtuous than the Americans », it’s totally false.
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Let’s take a long look at the Fed’s Quantitative Easing, or QE, that we’ve been talking about regularly, to really appreciate its importance and meaning.
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Fed Chairman Ben Bernanke’s decision to go ahead with unabated quantitative easing (QE) seems to have taken many by surprise. To such an extent that, from now on, the major market participants are saying they have totally lost faith in Ben Bernanke. True, Ben Bernanke has been saying constantly,...
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Last Thursday, there was quite a surprise : contrary to what the majority of market participants were anticipating, Ben Bernanke decided not to taper his QE (quantitative easing). Thus, $85B a month is still being created by the Fed to keep buying $45B of federal debt and $40B of mortgage-backed...
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The Beginning of the End is the first novel by Michael T. Snyder, the publisher of The Economic Collapse Blog. If you want to know what things in America are going to look like in a few years, you need to read this book.
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The Gold manipulation will continue until the Gold market is totally broken, until the big banks that control it are totally broken, or until the USDollar & USTBond structures are totally broken.
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