Financial crisis

Download ebook for free. The goal of these economics detox chronicles is to propose another view and, first of all, counter the main discourse which permanently paints a rosy picture of the situation.

There is a new alert out for banks and this time, it’s coming from a regulating agency worried of their capacity to weather an eventual next crisis. The alert was sounded by the FSB (Financial Stability Board), the G20’s organism in charge of financial regulation.

Alan Greenspan said gold is currently a good investment given the potential for turmoil: "Gold is a currency. It is still by all evidences the premier currency where no fiat currency, including the dollar, can match it."

Some argue that without inflation or hyperinflation gold cannot reach $5,000, but they ignore that, in a deflationary environment, the global banking system collapses and this is as bullish for gold as hyperinflation.

All of a sudden, with the illusion of the end of QE, there is a strong belief that things have changed for the best for the U.S. and, more specifically, for the US dollar. All of a sudden, the US debt is gone and the deficit problem is almost solved with shale oil.

Exclusive interview with Egon von Greyerz. A Swiss gold referendum YES vote would be a trendsetter for central banks and a shock in the gold market

Alan Greenspan says the Fed's bond-buying program fell short of its goals and recommends buying gold

Last Sunday, the European Central Bank announced its verdict on the stress tests it has been conducting for several months and, this time around, quite a few banks have failed them.

As you can see I didn’t ask if the U.S. government will confiscate gold, but if world governments will. The exorbitant debt is global and today is so big that the risk of gold confiscation is global, not just in the U.S.

The Fed bankers must be really upset: They haven’t even started to raise their base rate and markets are already in panic mode with the expected end to QE 3, just like junkies being told they might have to go into detox. The truth is that economic recovery is so fragile that it can’t go without mone...