Spaniards who violate the ban will face fines of 25% of the payment made in cash. Continue reading
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Currency
In simple terms, ‘the economy’ is a growing number of people trying to meet their needs and wants. More people simply translate into increasingly greater demand for the globe’s limited and ever-limiting resources. Continue reading
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What a complex, confusing and treacherous month, writes Willie. The financial system is breaking down quickly; the most significant factors are the Iran sanctions and their backlash, and Europe’s futile efforts to stem the banking collapse. Meanwhile, anti-dollar sentiment across the globe is gathering momentum. Greece is no longer making headlines; it has been replaced by Spain, with Italy hard on her heels. In the US, there are arguments over whether there will be another round of QE, when it has never actually stopped. Continue reading
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Brazil, Russia, India, China and South Africa, collectively known as the BRICS nations, are moving forward with their plan to unseat the US dollar from its throne as the global trade currency and to replace it with a Chinese denominated “super-sovereign” international currency. Continue reading
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Ron Paul’s congressional committee will hold a hearing to examine how the Federal Reserve bails out European banks. In his opinion, the bailout will come at the expense of American citizens, in the… Continue reading
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Courtesy of Julian Phillips
The use of the SWIFT system to rein in Iran, may be a mistake by the U.S. China will react, I feel.
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The money supply, as measured by the broad TMS2 metric (True Money Supply), posted a 14.6% year-over-year increase in February, making this the 39th consecutive month of double-digit year-over-year rates of monetary inflation. All told, TMS2 is up a huge 50% over those 39 months. Continue reading
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Are exchange rates moving around based on economic fundamentals? Well that could just be the case in the currency markets Thursday.
Are investors scrambling around… Continue reading
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Detlev Schlichter addresses the Adam Smith Institute Tuesday 22nd November, 2011. He argues that the present financial crisis is far from over; generally misunderstood and misrepresented, it is far from being a ‘crisis of capitalism’. Continue reading
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The idea that the economic forces currently plaguing Europe are somehow not relevant to US circumstances is invalid. As goes the rest of the world, so goes the US. Continue reading
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Events occurring over the past decade in Asia have been mislabeled and misunderstood. What some economists see as total collapse is actually an engineered transition. This progression of globalism is a deliberate program of centralization… Continue reading
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Jim Rickards is a consultant and investment banker with over 30 years of capital markets experience. In Currency Wars, he treats readers to a detailed analysis of the three most recent currency wars and how these episodes benefit no one, how sound money could play a helpful future role and what this could mean for the gold price. The book has been racing up the bestseller list. Continue reading
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Japan and China will promote direct trading of the yen and yuan without using dollars and will encourage the development of a market for companies involved in the exchanges, the Japanese government said. Continue reading
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Image via Wikipedia
Apparently, the first order of business in post-Kim Jong-Il… Continue reading
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Central banks are the current sovereign debt market. It is a vacated market; they are the majority bidders via debt monetization. Monetary inflation has become the new normal. In perverse fashion, the financial markets celebrate the monetized purchases, even calling for higher volume. In the process, bond and stock market integrity has been destroyed. Continue reading
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