Buried deep in last month's federal budget is an ambiguously worded section that has roiled parts of the financial world but has so far been largely ignored by the mainstream media.
It boils down to this: Ottawa is contemplating the possibility of a Canadian bank failure — and the same sort of pitiless prescription that was just imposed in Cyprus.
Meaning no bailout by taxpayers, but ra... read more
Japan is the ultimate basket case for monetization. The country buys its own bonds, stocks, ETFs, foreign bonds, even REITs. All in all, the country has spent over 20% of its GDP in QE… and its economy continues to slow.
And yet, despite its complete, abject failure to produce any significant pick up in economy activity or employment via these policies, the Bank of Japan has decided to do... read more
What would you do if you logged in to your bank account someday and it showed that you had a zero balance and your bank had no record that you ever had any money in your account? What would you do if all of the money in your bank account suddenly disappeared in a single moment? If you had not kept any paper records, which most Americans do not, it would be exceedingly difficult to prove to... read more
This week’s take down of the gold price has all the classic hallmarks of a major intervention by the Federal Reserve say gold traders who know exactly what they see on their screens. Only the Fed can manipulate and coordinate the bullion banks in this way.
The Federal Reserve is trying to stay one step ahead of the curve and keep its money printing show on the road for a bit longer by prop... read more
Eric King: “Now that central planners have made it known they will steal bank deposits when countries are in trouble, does that help relieve QE going forward to some extent? Or is this just another lie they are trying to sell to people right now?”
Dr. Roberts: “It doesn’t relieve it, but it’s an alternative when they can’t do QE. When the... read more
BEIJING (BullionStreet): As yet another step towards globalizing it's gold market, China is about to introduce a night trade market.
According to Shanghai Futures Exchange,an additional 9 p.m. to 2:30 a.m local time trading time to be added to the trading.
Currently the gold and silver trading time is Monday to Friday, 9 a.m. to 11:30 a.m. and 1:30 p.m. to 3 p.m.
Gold and silver prices... read more
Who do these Argentinians think they are…French?
Now that short-term budget crises have been averted, it’s time to attack the government’s bulging long-term debt, says Pete Peterson, co-founder of Blackstone Group.
“The principal threat to America’s future is our unsustainable long-term debt and deficits,” he writes for Politico.
“Even after these recent budget deals, over the next 30 years, public debt is projected to race... read more
Today Jim Sinclair warned King World News that something clearly has Western central banks terrified right now. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say.
Eric King: “Jim, Bloomberg had a story headlining on their site over the weekend claiming that depositors may los... read more
“Bitcoin” has become all the rage lately…well sort of as the market only just crossed $1 billion today in total market cap. This was set set up back in 2009 to create “anonymity” for movement and usage of your capital. I am a computer world dinosaur but here is how I see it. Basically this is just another “fiat” currency that travels the “ethernet” world. It is unregul... read more
