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By Andrew Gavin Marshall, AndrewGavinMarshall.com. Cross-posted from Occupy.com.
Following parts one, two and three of the Global Power Project’s Group of Thirty series, this fourth and final installment focuses on a few of the G30 members who have played outsized roles both in creating and managing various financial [...]
zerohedge.com / by Tyler Durden on 02/16/2014 20:29
We take certain liberties with this title: we realize that since one is dealing with human individuals, particularly human individuals stuck in an insolvent, soon to re-default nation, stupidity can never peak per se, as the next day will without doubt bring some peak-er instance of [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Sunday, February 16, 2014 10:27 AM
Price of many goods in Argentina soared in the past two weeks. US brands are at the forefront of the action. Via translation from Lanacion, In two weeks, Warehouse Prices Rose 30%, with mayonnaise, cookies, and coffee leading the way. Officially, prices [...]
zerohedge.com / by Tyler Durden on 02/13/2014 13:53 -0500
President Maduro and his ministers have stated (fully supported by Argentina):
*PEOPLE BEHIND YESTERDAY’S VIOLENCE WILL BE PUNISHED: ORTEGA *VENEZUELA ISSUED ARREST ORDER FOR LEOPOLDO LOPEZ: VOLUNTAD *VENEZUELA IN ABSOLUTE CALM, ORTEGA SAYS *ARGENTINA SAYS IT FIRMLY SUPPORTS VENEZUELA’S GOVERNMENT
However, between armed groups reportedly firing [...]
n Argentina, the price of gold rose about 28% in the first month of this year. In the meantime, the price of gold in euro’s and dollars rose about 5%. The big difference is the result of a devaluation of the Argentine currency, the peso. [...]
zerohedge.com / by Tyler Durden on 02/05/2014 13:57 -0500
While we are sure it is a very sad coincidence, on the day when Argentina decrees limits on the FX positions banks can hold and the Argentine Central Bank’s reserves accounting is questioned publically, a massive fire – killing 9 people – has destroyed a [...]
mises.org / by Frank Shostak / Wednesday, February 05, 2014
In countries such as Turkey and Argentina a tighter stance implemented by central banks has set in motion an economic bust. In Turkey the central bank has raised the one week repo rate to 10 percent from 4.5 percent while in Argentina the [...]
zerohedge.com / by Tyler Durden on 02/04/2014 – 14:06
As we noted previously there is a race to the bottom between the Argentine currency and its central bank’s reserve balance as day by day both slide seemingly unceasingly. However, as JPMorgan notes in a rather aggressive note, a local press article sheds doubts over Argentina’s [...]
zerohedge.com / by Tyler Durden on 02/01/2014 17:18
A few days ago, in the aftermath of Argentina’s shocking devaluation announcement, we showed the one most important chart for the future of that country’s economy: the correlation between the value of the Arg Peso and the amount of Central Bank foreign reserves, both crashing. And [...]
zerohedge.com / by Tyler Durden on 01/31/2014 13:46 -0500
The Argentinian 2015 Boden are getting destroyed!!
They were trading near Par at year-end!!
With the IMF frantically scrambling to cover its forecast errors and model-breakdowns amid an emerging market turmoil that no one could have seen coming, the contagion is beginning to spread. With [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Friday, January 24, 2014 1:02 PM
Argentina Institutes 50% Tax on Internet Purchases; Emerging Market Contagion Spreads; Argentina, Venezuela, Turkey Roundup Yesterday, Argentina devalued the Peso hoping to halt further declines in its currency reserves. Markets had seen this coming as charts of the Peso vs. the US dollar [...]
theeconomiccollapseblog.com / By Michael Snyder / January 23rd, 2014
Have you been paying attention to what has beenhappening in Argentina, Venezuela, Brazil, Ukraine, Turkey and China? If you are like most Americans, you have not been. Most Americans don’t seem to really care too much about what is happening in the rest of the [...]
BUENOS AIRES (Reuters) – Barrick Gold Corp is laying off roughly 1,500 of its approximately 5,000 workers on the Argentine side of its suspended Pascua-Lama gold mine project, a local government spokesman said on Saturday.
The Toronto-based miner said in October it was moth-balling the huge project, [...]
"Many gold bugs readily admit silver to be more depressed than gold. Ted Butler stated long ago that not even gold has a users association. The fact of the existence of this group is another of many proofs that synthetic money creators hate and fear silver even more than their loathing for gold." - Charles Savoie