Rates

According to the Wall Street Journal, Germany’s central bank would accept a move by the ECB in June if the outlook on inflation warrants it. The Buba now is siding with the general assumption that we have to fight deflation risks by turning on the printing press.

They say that gold is a geopolitical metal. Gold is real money with no counterparty risk and, furthermore, an excellent wealth preserver in time and space. Like fiat currencies (dollar, euro, yen, Yuan etc.), gold’s price is also influenced by political events, especially those having an internat...

So what’s new in the States? The recovery... which needs more and more time to become a reality. Judge by yourself : Growth in the first quarter plummeted to a meager 0.1%. The explanation from official sources? Snow...

These last few days, the media would have us believe that Greece is doing better, that the country is on its way back up, and two irrefutable proofs are brought in for that demonstration : Greece is now experiencing a primary budgetary surplus, and it has regained access to financial markets. Let...

When one thinks of Switzerland, banking comes to mind easily but gold doesn’t as much. After all, the relationship between Switzerland and gold is more ancient than the one with paper bank deposits.

By constantly playing with words and abusing its people, the french government may face some violent consequences. The fall may be more brutal. France is the pivot country between Europe’s south and north, and a crisis surrounding the trust on its debt would spread to all of the Eurozone...

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!

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.

There is no doubt that our actual international monetary standard based on the US dollar, in place since the breaking of the Bretton Woods accords in 1971, is living its last days. What will replace it?