Financial crisis

IMF says the number of non-performing loans on the european banks’ balance sheets has doubled since 2009, going from 400 to 800 billion euros.

We are aware of the problems of « Too Big to Fail » banks : They are so big that, if they were to fail, it would cause such economic havoc that they can rest assured to be bailed out by the State. And they’re taking advantage of this situation by taking on even more risk!

The gold price is driven down in the paper futures market by naked short selling by the Fed’s dependent bullion banks.

Why is deflation depicted as an absolute horror? Journalists, economists, politicians and central bank chairmen are all warning us against a general and durable price deflation, equating it to the Apocalypse, as they explain it. This unanimity is very troubling, so let’s stay on the alert.

Max Keiser interviews Egon von Greyerz about Fed policy, dollar devaluation, gold price manipulation and wealth preservation.

Up until now, Japan was the exception among Asian countries that are hungry for gold (China, Vietnam, Thailand, Indonesia), and even seemed odd, because Japanese people would get rid of their gold, to the point that Japan was showing a negative balance. These days seem like they are over and tha...

Risk is high, in any case, for any deposit above 100,000 euros. Let’s not forget that, in French law, banks wield much power. In particular, titles owned by their client are not entirely theirs : banks consider themselves to be the real owners of said titles. In case of forced selling, the bank c...

We’ve said it before... but here we go again : THERE IS NO RECOVERY OF THE AMERICAN ECONOMY! There. This « recovery » has been touted these last few months with the mass media repeating it ad nauseam, and « no one should doubt it ». And quarterly growth numbers seemed to...

As the monetary crisis accentuates, a radical shift in economic thinking and the role of gold in wealth management will occur. It seems illogical to me to consider debt (bonds) safer than a real asset having demonstrated its role of preserving value for more than 5,000 years.

In the newspapers, one can read a lot of stupid things about gold. They say that gold needs inflation in order to go up. They say that gold moves in an opposite direction to the dollar. Those things are true sometimes, but not always. There is no mathematical relation between the two. They say t...