Central banks


IMF Condoning the Plundering of Bank Accounts

Published by Philippe Herlin | Oct 16, 2013

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 Euroz...

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Bernanke Confessing QE Tapering Impossible

Published by Philippe Herlin | Sep 26, 2013

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 sec...

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Gold Slowly Getting Its Shine Back

Published by Philippe Herlin | Sep 5, 2013

This drop in the price of gold in the first quarter of this year, though significant, will no doubt seem very soon like a glitch, a short pause. The price of gold really started to go up in 2002 when the Fed implemented its laxist policies and now the central banks are stuck with their printing pres...

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