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 | Nathan Lewis - New World Economics |
| God, Gold and Guns |
| We’ve been looking into One Nation Under Gold (2017), by James Ledbetter.
October 2, 2017: One Nation Under Gold (2017), by James Ledbetter
October 14, 2017: One Nation Under Gold #2: The Silliness of the Bretton Woods Years
Now, we will follow Ledbetter’s account of the end of Bretton Woods in 1971, up to the present.
The account of the 1971 devaluation was, following the pattern of this book, long on details but short on insight. It seemed to people at the time that they “had no choice,” thatSaturday, October 24, 2020 |
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 | Jesse - Le Cafe Américain |
 Cecil Rhodes and the Dream of a New World Order Presided Over by an Anglo-American Establishment  |
| "The Rhodes Scholarships, established by the terms of Cecil Rhodes's seventh will, are known to everyone. What is not so widely known is that Rhodes in five previous wills left his fortune to form a secret society, which was to devote itself to the preservation and expansion of the British Empire. And what does not seem to be known to anyone is that this secret society was created by Rhodes and his principal trustee, Lord Milner, and continues to exist to this day.
To be sure, this secret sociMonday, April 13, 2020 |
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 | Mark O'Byrne - gold.ie |
| Bank Bail-In Risk In European Countries Seen In 5 Key Charts |
| Bank Bail-In Risk In Europe Seen In 5 Charts
– Nearly €1 trillion in non-performing loans poses risks to European banks’– Greece has highest non-performing loans as a share of total credit
– Italy has the biggest pile of bad debt in absolute terms– Bad debt in Italy is still “a major problem” which has to be addressed – ECB– Level of bad loans in Italy remains above that seen before the financial crisis
– Deposits in banks in Greece, Cyprus, Italy, Ireland, Czech Republic and Portugal most at riTuesday, February 20, 2018 |
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| Bullion Vault |
| Start of Chinese New Year Holiday See Gold Bullion Whip on US Inflation Data, Turkey Threatens 'Ottoman Slap' |
| GOLD BULLION prices fell as the Dollar jumped on stronger-than-expected US inflation data Wednesday, only to recover the drop as fixed-income bond prices fell, pushing longer-term interest rates higher once more.
World stock markets also sank and then rallied on the news, with Germany's Dax regaining a previous 1.0% loss by mid-afternoon in Frankfurt.
Gold priced in non-US currencies also spikedWednesday, February 14, 2018 |
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| Mark O'Byrne - gold.ie |
| Happy 2nd Birthday Bail-in Tool! We Suggest Gold As The Perfect Gift |
| – Two years since bail-in rules officially entered EU regulations– EU bail-in rules have wiped out billions for savers and and businesses, with more at risk– Future of many failing banks now rests on depositors who may no longer be protected by deposit insurance– Physical gold enables savers to stay out of banking system and reduce exposure to bail-ins– For more listen to our Goldnomics Podcast: What does 2018 have in store for financial markets?
Ah, New Year’s resolutions, what fun. For some rSaturday, December 23, 2017 |
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| Mark O'Byrne - gold.ie |
| Bailins Coming In EU – 114 Italian Banks Have NP Loans Exceeding Tangible Assets |
| – Italy opposes ECB proposal that holds banks to firm deadlines for writing down bad loans– Italy’s banks weighed down under €318bn of bad loans– New ECB rules could ‘derail’ any recovery in Italy’s financial system– Draft proposal requires banks to provision fully for loans that turn sour from 2018– ECB insists banks have better access to collateral on delinquent debt to solve problem– Investors should secure assets as proposal suggests more bailins on horizon and banks remain at risk
Source: Wednesday, December 13, 2017 |
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| Mark O'Byrne - gold.ie |
| Bailins Coming In EU – 114 Italian Banks Have NP Loans Exceeding Tangible Assets |
| – Italy opposes ECB proposal that holds banks to firm deadlines for writing down bad loans
– Italy’s banks weighed down under €318bn of bad loans
– New ECB rules could ‘derail’ any recovery in Italy’s financial system
– Draft proposal requires banks to provision fully for loans that turn sour from 2018
– ECB insists banks have better access to collateral on delinquent debt to solve problem
– Investors should secure assets as proposal suggests more bailins on horizon and banks remain at risk
SouTuesday, December 5, 2017 |
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 | Egon von Greyerz - Matterhorn AM |
| EVERY WORKING AMERICAN OWES $ 1.5 MILLION |
| The facts just don’t add up. US wages are falling, trade deficit is at 10 year high, debt is surging so are stocks and the US Government has again managed to publish a number of contradicting employment figures that make no sense whatsoever.
A CONFIDENT BUT UNEMPLOYED CONSUMER
US Consumer Sentiment
US Consumer Sentiment is the highest in 13 years. At the same time US October Household Employment Survey dropped 484,000 and the Labour Force shrank by 765,000. But due to manipulation of the figureFriday, November 10, 2017 |
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 | Andy Hoffman - Miles Franklin |
| Shelter From The Storm |
| What storm? The Dow Jones Industrial Average (DOW) reached another all-time high. Interest rates in the U.S. are yielding multi-decade lows, some say multi-century lows. Trillions of dollars in global sovereign debt have negative yield and European junk bonds yield less than 10 year U.S. treasuries. “Official” unemployment is low. Borrowing is inexpensive. Things are good, so they say!
Ho-Hum!
Really? Do you believe the above is a fair and accurate representation of our economic world? If soThursday, November 9, 2017 |
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 | Gary Tanashian - Biwii |
| Effective Market Management: Art and Science |
| By Gary TanashianFrom Saul Steinberg’s 1954 drawing ‘The Line’The notion that there is art involved in interpreting the economy and financial markets is probably heresy to many market participants and probably 99.9% of economists (that .1% guy being the one who’s excluded from the meetings and egghead social gatherings), whether they be right or left leaning (I always find it entertaining to hear right wing and left wing economists duke it out, as I did on NPR yesterday, coming to diametrically Friday, September 29, 2017 |
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 | Alasdair Macleod - Finance and Eco. |
| The forthcoming global crisis |
| The global economy is now in an expansionary phase, with bank credit being increasingly available for non-financial borrowers. This is always the prelude to the crisis phase of the credit cycle.Most national economies are directly boosted by China, the important exception being America. This is confirmed by dollar weakness, which is expected to continue. The likely trigger for the crisis will be from the Eurozone, where the shift in monetary policy and the collapse in bond prices will be greatesThursday, September 21, 2017 |
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 | Adrian Ash - Bullion Vault |
| August 2007: When the Central Bank Con-Trick Failed |
| "Whatever it takes" has so far equaled $15 trillion of QE...
WEDNESDAY this week marks the 10th anniversary of what pundits, analysts and most investors now agree was the start of the global financial crisis,
writes Adrian Ash at BullionVault.
If they had been paying attention when the interbank credit markets first froze in fear – back on 9 August 2007 – most people wouWednesday, August 9, 2017 |
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 | Julian D. W. Phillips - Gold Forecaster |
| Gold’s future confiscation is a growing reality, as currency confidence slides! |
| Article – Part 5The subject of gold’s confiscation has come onto our screens again, but this time, being described as a “Myth” in the future. This thought comes from Canada, a favorite place for U.S. citizens to store their gold in the hopes that it will be outside the reach of the U.S. Federal Reserve. We respond to the article that described it as a myth, because we are firmly of the opinion that as we move from dollar hegemony to a multi currency, world currencies will find themselves competiThursday, August 3, 2017 |
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 | Mish - Global Economic Analysis |
| EU Deposit Insurance, a Bank Crisis in Italy and Greece, and the Coming Ban on Cash |
| Last week we investigated nonperforming EU loans and an EU proposal to freeze accounts if a run on a bank starts.
Today let’s investigate the EU’s deposit insurance scheme with the likely result being a ban on cash.
On July 19, with little media publicity, the EU Single Resolution Board issued a statement with this exact title: Press Release – Banking Union – Single Resolution Board collects €6.6 billion in annual contributions to the Single Resolution Fund, now reaching €17 billion in total.
FTuesday, August 1, 2017 |
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| Mish - Global Economic Analysis |
| Over €1 Trillion Nonperforming EU Loans: EU vs US Percentages |
| An EU report out this month shows nonperforming loans were a staggering €1.092 trillion as of the end of 2016.
The average non-performing rate in the EU is 5.1%, down from 5.7% in 2015. For comparison purposed, a World Bank Report has the US at 1.3%, Japan at 1.5%, and Canada at 0.6%
In contrast, Greece and Cyprus have NPL ratios of 46% and 45% respectively. Bulgaria, Croatia, Hungary, Ireland, Italy, Portugal, Slovenia, and Romania all have NPL ratios between 10% and 20%.
Non-Performing Loans
Friday, July 28, 2017 |
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 | Mac Slavo - ShtfPlan |
| The 2nd Amendment Comes To Europe: Czech Republic Expected To Enshrine Right To Bear Arms In Constitution |
| Most people inside and outside of the US believe that this country’s gun ownership rate is unique, but that’s not exactly true. Though America has the most privately owned guns per capita, there are other countries that aren’t too far behind us, such as Serbia, Yemen, Cyprus, and many Western nations like Finland and Switzerland. In most cases, these countries don’t have access to the same kind of firearms that we do, but nonetheless there are a ton of guns floating around in these places.
What Friday, June 30, 2017 |
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| Alasdair Macleod - Finance and Eco. |
| How gold can rescue pensions |
| The World Economic Forum, in conjunction with Mercers (the actuaries) recently estimated that the combined pension deficit currently stands at $66.9tr for eight countries, rising to $427.8tr in 2050. The eight countries are Australia, Canada, China, India, Japan, Netherlands, UK and US. Of the 2016 figure, $50.5tr is unfunded government and public employee pension promises. Yes, we are now talking in hundreds of trillions. Other welfare-providing states missing from the list have deficits that aFriday, June 9, 2017 |
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| Andy Hoffman - Miles Franklin |
| When I Said The Lowest-Ever Inflation Adjusted Gold Price, I Meant It! |
| So you understand just how dire – and global – the “Greatest Depression” is becoming, here’s a sampling of the “PiMBEEB,” or Precious-Metal-bullish, everything-else-bearish headlines of the past 24 hours alone. Which cumulatively, tells you all you need to know about how all Central banks will respond into the foreseeable future. Or, more accurately, forever – given that fiat currency regimes by nature are Ponzi schemes; which consequently, must expand exponentially; whilst maintaining public Thursday, June 8, 2017 |
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| Graham Summer - Gains Pains & Capital |
| Deposit Bail In Risk as Spanish Bank’s Stocks and Bonds Crash |
| Deposit Bail In Risk as Spanish Bank’s Stocks and Bonds Crash
- Deposit bail in risk as stocks and bonds of Spanish bank - Banco Popular - crash
- Banco Popular stock crashes most on record - down 63% this year to 34 euro cents
- Spanish bank tells employees - "Don't panic"
- Risk of Spanish banking crisis as Banco Popular credit curve inverts
- Banco Popular needs to find at least €4 billion more capital - analysts
- Deposits over €100,000 (euro) vulnerable to bail-in
- EU, U.S., UK push for bTuesday, June 6, 2017 |
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| Mark O'Byrne - gold.ie |
| Deposit Bail In Risk as Spanish Bank’s Stocks Crash |
| – Deposit bail in risk as stocks and bonds of Spanish bank – Banco Popular – crash
– Banco Popular stock crashes most on record – down 63% this year to 34 euro cents
– Spanish bank tells employees – “Don’t panic”
– Risk of Spanish banking crisis as Banco Popular credit curve inverts
– Banco Popular needs to find at least €4 billion more capital – analysts
– Deposits over €100,000 (euro) vulnerable to bail-in
– EU, U.S., UK push for bank ‘bail-ins’ poses risks to depositors
Source: Google
BancoTuesday, June 6, 2017 |
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