IMF, EU, Basel... Bank Accounts Under Threat As Never Before
What kind of game are the banks and the states playing? Here are four news items that should alert anyone still having faith in the european banking system.
Read articleWhat kind of game are the banks and the states playing? Here are four news items that should alert anyone still having faith in the european banking system.
Read articleDebt burdens in developed nations have become extreme by any historical measure and will require a wave of haircuts, warns IMF paper
Read articleIt is not necessary to have a high rate of inflation or hyperinflation, as we often read in the media, for the gold price to take off. Even deflation can generate a major increase in the gold price. The only negatives for gold would be disinflation and moderate inflation.
Read articleEgon von Greyerz about the coming failure of the gold paper market, the importance of owning physical gold as insurance against a failure of the financial system and to protect against counterparty risk.
Read articleDeflation fears persist and, with it, the impact it would have on the gold price. Many observers believe the gold price would go down. Let’s try to clarify things a little.
Read articleWe’ve already talked about what happened in Cyprus last April : the confiscation of bank accounts over 100,000 euros to shore up local failing banks. We also explained that it was but a rehearsal for future settlement of banking crises : directly looting depositors’ accounts. And, case in point, the...
Read articleAmidst these geopolitical and monetary secular changes happening, gold will shine again in its historical role of debt extender and stable monetary haven. However this secular monetary crisis unfolds, gold will obviously be priced much higher than today in relation to fiat currencies.
Read articleFinancial journalist Lars Schall talked with German academic Tom Fischer, a financial mathematician, about the phenomenon why gold’s usual state of contango suggests central bank interference. Moreover, they took a look at the issue of the paper vs the physical gold market, and discussed other issue...
Read articleAccording to the Bank of Italy, of the 255 billion euros borrowed from the ECB through the LTRO, italian banks only reimbursed 15%, or 38 billion euros. So, there still remains 217 billion euros to be paid in 2014... and for Spain, the amounts are just about the same.
Read articleIn this excellent interview Dimitri Speck explains in detail why central banks and bullion banks coordinated their efforts to suppress the gold price. He also explains the entire and very important post WWII role of gold and rigging of the silver market.
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