The Yuan, SDR and Gold
The SDR is just a step in the long strategy of China to eliminate the dollar’s “exorbitant privilege” and that gold will play a major role at the negotiating table
Read articleThe SDR is just a step in the long strategy of China to eliminate the dollar’s “exorbitant privilege” and that gold will play a major role at the negotiating table
Read articleThe world economy is now at its most dangerous point in history. In virtually every major country or region, there are problems of a magnitude which individually could trigger a collapse of the financial system.
Read articleThe financial and banking crisis can hit Germany as well – it could even become the epicentre of the crisis, given the size of Deutsche Bank.
Read articleThe €42 trillion (notional) derivatives mess known as Deutsche Bank remains under severe pressure. Its market cap is $17 billion. It has no earnings and pays no dividend. On April 23, Deutsche Bank was Fined $2.5 Billion over LIBOR rate rigging. Twenty-one people face crim...
Read articleWhile the most recent set of troubles plaguing Deutsche Bank have been duly documented here, most recently yesterday when the stock price tumbled once again just shy of all time lows over fears the bank's multi-billion DOJ settlement could severely impact its liquidity and/or solvency, this may be t...
Read articleThe U.S. Federal Reserve Policy Committee tried, but once again failed to act on its December 2015 forecast of four interest rate increases this year.
Read articleGold and silver is money and instant liquidity. Throughout history, in every country where there has been a serious financial crisis, gold and silver have always functioned as money or barter.
Read articleSeveral analysts in favour of gold are predicting a spike to come in the precious metal’s price. They base this prediction on several arguments
Read articleIn the last 36 years, US debt will have increased 22 times. It took 220 years to reach $10 trillion debt and Obama has achieved to double this in only 8 years.
Read articleThe national debt is now more than all of the world’s physical cash, gold, silver, and bitcoin combined. That is right. The U.S. national debt is that big.
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