How Long Before Global Financial System Fails?
The downturn will soon start to accelerate and eventually lead to a total failure of the financial system and sovereign defaults
Read articleThe downturn will soon start to accelerate and eventually lead to a total failure of the financial system and sovereign defaults
Read articleChina, the world’s largest gold consumer, launched on Tuesday a gold benchmark denominated in Yuan and plans to exert a stronger influence in the global market by better controlling the prices. It will also serve to increase the international credibility of its currency.
Read articleThe “liberation” of the precious metals spot prices is taking hold day after day
Read articleIn a world of manipulated economic figures and markets, it is not always easy to maintain your sanity. The world economy is now based on fantasy and hope and has very little to do with reality. But the problem is that virtually nobody understands this. Whether it is a bank analyst or a Nobel Prize w...
Read articleExposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds.
Read articleChina increased its central bank gold reserves in March by the smallest amount since the country started releasing the data on a monthly basis last year.
Read articleWhether you define gold as a barbarous relic, a pet rock, "tradition", or "doomed", Russia surely refers to it as a saving grace. As Russia’s foreign reserves dwindled to just under $350 billion in early 2015, many predicted Russia was going to burn through all of their reserves in the not too dista...
Read articleChina’s central bank Governor Zhou Xiaochuan said the government will make efforts to expand the use of the International Monetary Fund’s basket of reserve currencies in its domestic economy.
Read articleCentral Bank heads believe they are magicians who can wave their magic wand to create whatever economic conditions they desire. But the problem is that they are consistently wrong in their assessment of the economy so they don’t know what to do with the wand.
Read articleDeutsche Bank is bankrupt. China’s $30 trillion credit bubble will implode. Most banks will not survive. Banks stocks are down 20-50% this year and credit default swaps are surging in price. Hedge funds and speculators are losing fortunes on a surging yen. Short Yen was a guaranteed winner. But that...
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