Central banks

If the US cannot stop China from implementing its “oil – for yuan – for gold” program, then the fate of the US is at hand.

“Europe’s bank sector has grown too big and may need to shrink, possibly through mergers or failures (...) many banks in the euro area do not earn their cost of capital.” In other words, they are zombie banks, bankrupt and only kept alive by the liquidity flowing from the ECB.

Few Americans are aware that their real purchasing power has declined by 97% since that illustrious day on August 15, 1971 when Nixon sold the US down the drain. It is now only a matter of time until the dollar goes to ZERO. Es ist jetzt nur noch eine Frage der Zeit, bis der Dollar auf NULL geht.

The Bank of Russia has more than doubled the pace of gold purchases, bringing the share of bullion in its international reserves to the highest of Putin’s 17 years in power, according to World Gold Council data.

Fabrice Drouin Ristori's exclusive interview with Charles Gave, economist and president of the liberal think tank Institut des Libertes, on gold, European banks and the risks that may have an impact on savers and investors.

The price of oil, the value of gold, the value of the Yuan and the value of the Dollar will all be affected as the economic relationship between vast amounts of oil and scarce amounts of gold is determined.

Exporters of oil to China will accept the Chinese currency, the Yuan, in payment for the oil; for this deal, the Chinese have added an incentive: the Yuan received by the oil exporters will be exchangeable for gold.

Most pension funds are massively underfunded and the amount they are underfunded by is absolutely astounding. We are looking at a staggering $400 trillion gap by 2050 according to the World Economic Forum.

We seldom hear about the risk of a major financial crisis if rates were to rise – almost never within the official networks and mainstream media. One has to listen to independent “marginal” economists outside the banks or universities, such as our own Egon von Greyerz, or Olivier Delamarche, Bill...

Risk means that you can lose part or all of the investment. Normally valuations take risk into account. But is the world really valuing the following risks accurately.