Economic News
In November, Greeks withdrew €220 million from banks. In December, the figure soared to €3 billion. My advice to Greeks is simple: Get out while you still can. That means now! Via translation from Libre Mercardo, please consider ECB Threatens to Unleash the ‘Banking Yard’
As 2014 leaves off and 2015 begins anew, the main theme seems to be the end of the American Empire, the demise of the Petro-Dollar, the blunt of USMilitary over-reach, and the global urgency of putting the King Dollar into a cement casing coffin.
Since the United States announced an end to its quantitative easing (QE) programs in late October, the US dollar has begun to strengthen, weakening other currencies. China’s economic growth this year is expected to slow down further.
For the record, a major, global, financial collapse is now underway. It’s not impending; it’s here. Forget about the “happy talk” propaganda from the USSA government and the lame stream news media in the Western countries.
The part-nationalised bank updates investors on its review into the rigging of the foreign exchange market. Royal Bank of Scotland (RBS) says it is investigating the conduct of more than 50 past and present staff.
There is a common argument between those who buy gold and those who don’t. On the one hand, gold has been used as money for thousands of years. It wouldn’t be a stretch of logic to assume that if our current monetary system falls apart, something like gold might pick up the slack.
To have a better understanding of the current economic situation and possible future developments, here is a look at some of the most notable events in the world economy that triggered a shift in macroeconomics and geopolitics.
The New York Times published an important article this week in which the benefits of gold to nation states during a period of currency wars was highlighted. The article was noteworthy as the New York Times has rarely covered gold in a positive manner.
Switzerland’s National Bank (SNB) will bring in a negative interest rate cutting the value of large sums of money left on deposit in the country. The Bank is imposing a rate of minus 0.25% on “sight deposits” – a form of instant access account.
To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn’t an investment that goes up and down. It is money in the most basic store-of-value sense. But when currencies collapse, gold shines.
Notwithstanding the newly dismal relations between the US and Russia, “mutually assured destruction” now best describes the uneasy stand-off between an increasingly indebted US government and an increasingly monetarily frustrated China, with several trillion dollars’ worth of foreign exchange reserves looking.
The great oil crash of 2014 will not be revealed for at least several months, however for those who can’t afford to wait, or simply lack the patience, here is perhaps the most comprehensive view of the pros and cons of what has now been dubbed a “textbook macroeconomic shock” by Deutsche Bank.
On April 2, 2013, in an article entitled Economics 101: Production, coercion and theft, I wrote about the coming looting of pension plans, stating: When societies approach collapse, coercion shifts to outright theft: Stealing money right out of your bank ..
In recent years the U.S. government has been making massive preparations. They have been stockpiling food, riot gear, automatic weapons and billions of rounds of ammunition. While no one in Federal emergency planning services is talking any ..
“Riddles” Surround 36th Dead Banker Of The Year By Tyler Durden | ZeroHedge 52-year-old Belgian Geert Tack – a private banker for ING who managed portfolios for wealthy individuals – was described as ‘impeccable’, ‘sporty’, ‘cared-for’, and ‘successful’ and so as Vermist reports, after disappearing a month ago, the appearance of his body off the coast …
