Spain’s sixth largest bank “itself cannot at this point make a rough calculation” of what its value is, “and if they can’t, neither can we.”
I am going to speculate on the idea that the central banks are so deep down this rabbit hole that they have no other course of action, & they will have to keep doing this.
A sign that its ultra-loose monetary policy was taking a toll on its financial health.
The European Central Bank is set to receive updated data when it meets next month, but according to its president, it is not yet time to tighten monetary policy.
DEUTSCHE Bank has downgraded European banks in its latest equity strategy note blaming the “fading Euro area growth momentum”.
European shares fell for a fourth day running on Tuesday and the euro was battling to avoid a similar fate, as the prospect of early Italian elections and Greece's ongoing struggles nudged up the political temperature gauge again.
The Supernova Model of Financial Collapse. Gravity eventually overpowers financial fakery. When debt-asset bubbles expand at rates far above the expansion of earnings and r...
Moody’s latest downgrading could turn out to be more a warning of past problems than a prediction of future risks.
"Silver Could EXPLODE - The Cartel Could Get Busted THIS MONTH" Eric Sprott Explains How Everything Has Been Reversed in 3 Weeks For Silver...
Expert Insider James Turk Is Quietly VERY BULLISH On Gold & Silver Right Now: "I Think We're Seeing the Start of a Short Squeeze!" Don't Forget to Sell Your Bitcoin Later […]
“If we went back on the gold standard and we adhered to the actual structure of the gold standard as it existed prior to 1914, we'd be fine. Remember that […]
GOLD BREAKS THROUGH $1264 AND FINISHES THE COMEX SESSION AT $1267.75, HOWEVER THE BIG STORY IS THE HUGE AMOUNT OF GOLD OI STANDING FOR JUNE!
With silver-stock sentiment remaining excessively bearish, this sector is primed to soar as silver itself continues mean reverting higher to catch up with gold’s new upleg. The silver miners’ profits […]
Governments will tax just about anything.Of course, we are all intimately familiar with income taxes, property taxes, and sales taxes. But these are just the tip of the iceberg. Governments around the world have come up with some amazingly creative ways to tax their citizens.
The London Bullion Market Association (LBMA) has launched a code of conduct to boost confidence in the $5 trillion London gold market.The code sets out standards and best practices expected from participants in the global over the counter (OTC) wholesale market for precious metals. It focuses on four primary areas: ethics, governance, compliance and risk management, and information sharing and business conduct. The LMBA formulated the code with input from members, along with participants from from the wider precious metals market.
There's a secret bull market in silver. The world's physical ETFs are stocking up. And there are more forces mounting to push the metal higher.
Actually, silver can turn out to be a very critical asset for Central Banks to hold onto, EVEN MORE THAN GOLD, as a great deal of silver is consumed by industrial applications.
Over the last couple of months, I have repeatedly discussed what has been possibly the most "boring" market ever. That was until the previous Wednesday when the
This is the “doomsday bug” buried in the world’s money system.