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dollarvigilante.com / Jeff Berwick / March 31st, 2014
In a TV address to a torn nation, Ukraine’s PM Yatsenyuk first implied heating prices would rise incrementally, and then later confirmed a plan to increase prices 100% in the next two years (and nearly 200% by 2017) as the cost of imported Russian gas is expected [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Tuesday, March 25, 2014 11:23 AM
Following the imposition of capital controls towards the end of February, Ukraine’s currency, the Hryvnia recovered a bit over a period of six days. Since then it has been nearly all downhill, losing to the US dollar in 10 out of the last [...]
zerohedge.com / by Tyler Durden / 02/28/2014 12:10 -0500
Yesterday we reported that as part of the Ukrainian central bank’s plan to bailout the nation’s largely insolvent private banks, it would provide any needed funding but only “if they will remain under open control of the National Bank of Ukraine.” And since the new [...]
dollarvigilante.com / Jeff Berwick / January 27th, 2014
First Chase limited cash withdrawals and money transfers on certain business accounts, then HSBC told its customers they had to prove why they were withdrawing cash. After that Lloyd’s ATM’s stopped working and China banned cash transfers and foreign currency conversions starting this week.
We have been inundanted all week with interest in our “Crisis Conference” in Panama next month. The amount of interest has surprised even myself but the really surprising parts are all the stories we are hearing from those who want to attend.
globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Monday, November 18, 2013 1:02 AM
In defiance of Prime Minister Manmohan Singh’s effort to suppress gold demand via capital controls and import duties, India’s tradition of gold buying cannot be stopped. Culture wins over political dictate.
Please consider Gold-Laden Brides in India Defying Singh as Culture [...]
"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