goldcore.com / By Mark O’Byrne / 29 August 2014
Last week, a very radical proposal appeared in the pages of the influential ‘Foreign Affairs’ magazine, the publication arm of the equally influential Council on Foreign Relations (CFR) think-tank based in New York.
An article “Print Less but Transfer More – Why Central Banks Should Give [...]
zerohedge.com / by Tyler Durden on 08/27/2014 13:57
Several months ago, when Russia announced the much anticipated “Holy Grail” energy deal with China, some were disappointed that despite this symbolic agreement meant to break the petrodollar’s stranglehold on the rest of the world, neither Russia nor China announced payment terms to be in anything but [...]
zerohedge.com / by Tyler Durden on 08/26/2014 12:41
After spending time in Argentina, BofA’s Marcos Buscaglia is concerned… The perception of many locals is that the risks of an economic/currency crisis before year-end have increased significantly. This compares to a view they had before of a muddle-through till the 2015 presidential elections. [...]
marctomarket.com / by Marc Chandler / August 25, 2014
The low volatility in the currency markets has frustrated speculative investors, and dampened activity. However, as this Bloomberg-generatedGreat Graphic shows, implied volatility has begun firming. Participation appears to be increasing, and this is also evident in the futures market.
Three-month implied euro volatility (white line) [...]
libertyblitzkrieg.com / By Michael Krieger / Aug 25, 2014
Four days later, Camec announced it was using the money it raised to purchase a joint venture with the Zimbabwe Mining Development Corp., or ZMDC, Mugabe’s state-owned mining company. The joint venture owned the platinum stakes on the Great Dyke that had been [...]
zerohedge.com / Tyler Durden / 08/23/2014 15:36 -0400
A “Yes” vote for Scottish independence represents a “high risk” event according to Citi’s Michael Saunders. With the so-called ‘neverendum’ now less than a month away, Citi continues to highlight three particular concerns if Scotland does vote for independence: Scotland’s relatively weak fiscal position, Scotland’s [...]
news.goldseek.com / By Theodore (Ty) Andros / 22 August 2014
In this next chapter of Useful Idiots and the Something for Nothing Society, we will put the final nails into a century’s UNFOLDING MADNESS. A country of free men has been transformed into an authoritarian state on its road to totalitarianism as the final [...]
gata.org / By A Ananthalakshmi / August 22, 2014
By A Ananthalakshmi Reuters Friday, August 22, 2014
China’s planned global gold exchange has signed up more members than targeted, as foreign banks and trading houses seek direct access to the world’s top physical gold consumer and to test out reforms allowing [...]
news.goldseek.com / By Ira Epstein, The Linn Group / 22 August 2014
A positive for gold is that China just allowed three more banks, including a foreign lender, to import gold into China. This is yet another sign that China, the world’s largest gold buyer, is getting very serious about making Shanghai a gold [...]
lfb.org / BY BYRON KING / AUG 21, 2014
“Persons traveling with more than $10,000 worth of currency or monetary instruments must declare their holdings to Customs and Border Protection under penalty of perjury.”
That’s exactly what it states, in powder blue ink, on the card that airline flight attendants hand to you, before landing [...]
armstrongeconomics.com / by Martin Armstrong / August 21, 2014
Prosecutors are simply lawyers gone really bad and enjoy their power without comprehending the full depth of their actions. The sanctions against Standard Chartered are insane and this will drive more and more banks away from using the dollar in international transactions. It is the prosecutors [...]
thedailybell.com / Staff News & Analysis / August 20, 2014
Government unveils significant stimulus measures to prop up cooling economy Korea … Economic growth decelerated in the second quarter of the year and more recent data indicate that the economy is still losing momentum. …, Although exports have been rising, [...]
zerohedge.com / by Tyler Durden on 08/19/2014 21:30
The constant chant from Washington over the past few years has been one of falling just short of labeling China “a currency manipulator” and proclaiming unilaterally that the Yuan is being artificially maintained at a lower level than it should be. However, as Bloomberg Briefs’ Fielding Chen [...]
armstrongeconomics.com / By Martin Armstrong / August 19, 2014
QUESTION: Marty; You have emphasized how you track world capital flows and conducted your research even in the flows of capital and disparity of interest rates between regions in the Roman Empire. You have mentioned that liquidity has collapsed and that capital has fled from [...]
goldmoney.com / By Alasdair Macleod / 15 August 2014
All commodities and near-commodities are priced internationally in dollars, and the dollar is used for over 80% of cross-border trade settlements. Consequently the dollar is the base currency for all countries’ foreign reserves, giving it its reserve status. However, there are now challenges to the [...]
zerohedge.com / by Chris Ferreira of Economic Reasonon 08/14/2014 13:56
World Reserve Currencies: What Happened During Previous Periods of Transition?
The decline of the US dollar hegemony is ever so clear today and this article aims to provide the reader with what exactly happened during past periods of reserve currency [...]
blog.milesfranklin.com / by Andrew Hoffman / August 14th, 2014
Looking back on the upcoming economic, financial and social crime wrought by the collapse of history’s largest Ponzi scheme – perhaps, in the not so distant future – 99% of the world’s population will be kicking itself. True, few are educated enough to understand the [...]
teapartyeconomist.com / by Gary North on August 13, 2014
The SDR is a fake currency issued by the International Monetary Fund.
It was invented in 1969, the first year of the Nixon administration. It was a stop-gap measure to save the fixed exchange rate system of currencies, which came into existence in 1946, when the [...]
sovereignman.com / by Simon Black on August 13, 2014
For hundreds of years the Byzantine Empire coined the most popular reserve currency in the history of the world.
Merchants all over Europe, the Mediterranean, the Middle East, and further, used it in trade for centuries.
It was called the solidus, and was introduced by Constantine [...]