goldbroker.com / Philippe Herlin / March 5, 2015
We issued a warning here in December 2013 in regard to the Bank Recovery and Resolution Directive (BRRD). This European directive effectively puts into law what happened in Cyprus in April, 2013, where, as we recall, the failing banking system bailed itself out not only by seeking […]
zerohedge.com / by Tyler Durden on 03/04/2015 20:00
US Ambassador to Cyprus, John Koenig, was forced to issue a clarifying statement on Monday, after a series of tweets on Sunday, about President Anastasiades’ recent Russia visit, sparked a hostile reaction from Anastasiades, the Archbishop, the political parties and journalists. As RedPillTimes reports,Koenig has been promptly […]
zerohedge.com / by Tyler Durden on 02/16/2015 20:14
There is a saying: “strike while the rehypothecated iron is hot”, and nobody is better at it than Germany, which hours after the latest disappointing Eurogroup summit failed – again – to reach a solution on the third iteration of the Grexit dilemma, has decided to pour […]
johngaltfla.com / by John Galt / February 9, 2015
As the world turns..
Apparently the bankers of the West got a message to the government of Cyprus after the news story broke this weekend about the Cypriot Prime Minister agreeing to allow the establishment of a Russian Air Force and Naval base on the […]
zerohedge.com / by Tyler Durden / 02/09/2015 09:02 -0500
“We want to avoid further deterioration in relations between Russia and Europe,” explained Cyprus’ President Nicos Anastasiades upon reportedly signing an agreement to offer Russia military facilities on its soil (that we noted previously). The air force base at which Russian planes will use is about […]
johngaltfla.com / John Galt / January 25, 2015
While long rumored and discussed during the pre-bailout phase of the Cypriot financial crisis, it would appear now that NATO’s and the European/US influence is waning in the Med not just in Greece but now in Cyprus. On Friday January 23rd, the Cypriot newspaper Famagusta […]
kingworldnews.com / January 05, 2015
Today a former White House official and Plunge Protection Team member warned King World News about a terrifying Cyprus-style global endgame. Former presidential adviser and member of the U.S. President’s Working Group on Financial Markets, Dr. Philippa Malmgren, also discussed how corrupt governments will steal money their citizens in […]
marctomarket.com / by Marc Chandler / December 31, 2014
The US dollar is trading with a slightly heavier bias as the last minute position adjustment takes a toll. The dollar-bloc and Scandi’s are doing somewhat better, sterling is a few ticks higher, while the euro and yen are straddling yesterday’s closing levels in the […]
zerohedge.com / by Tyler Durden / 12/29/2014 09:32
Earlier today we got a classic, if rare, example of what happens when bankers bluff with a 2-7 off suit… and the people call it.
Recall that just over two weeks ago, none other than Greek currency swap expert Goldman (alongside Jean-Claude Juncker who quite explicitly warned […]
zerohedge.com / by Tyler Durden / 10/17/2014 09:27
The ECB may not release its minutes to the public (opting instead to keep these secret for 30 years) at least for now, but earlier today a transcript of its internal deliberations was made public by the NYT, which revealed how the ECB governing council once again […]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Tuesday, September 30, 2014 9:00 PM
On September 4, ECB President pulled out a financial bazooka including a pledge to build up the ECB’s balance sheet by another €1 trillion.
Draghi confirmed the asset purchases would “include the real estate, the RMBS, real estate ABS. It would […]
sovereignman.com / by Simon Black on September 25, 2014
Sovereign Valley Farm, Chile
It was only 18-months ago that one of the brokest banking systems in the world became the first modern example of financial cannibalism.
I’m sure you remember how it all went down in Cyprus last year… but I’ll […]
gata.org / By Rajendra Jadhav and Indulal PM, Reuters / September 12, 2014
VANGAL, India — Kiran Laxman Salunkhe used to buy jewellery during religious festivals, but sliding gold prices have led the young Indian farmer to break with his family’s traditional investment.
This year Salunkhe has deposited his hard-earned savings […]
zerohedge.com / by Tyler Durden / 08/25/2014 09:33
Far be it for us to comment that anything like “fundamentals” matters anymore, or that, blasphemy, bad news is anything but good news, however what the Central Bank of Cyprus revealed today is a little troubling to say the least: as of the most […]
zerohedge.com / by Nick Giambruno via Doug Casey’s International Man blog / 08/22/2014 11:55
The pattern should be seared in your memory by now. If you fail to recognize it, you could be struck with a huge financial blow.
It’s a pattern that has played out over and over throughout history: […]
zerohedge.com / by Tyler Durden / 06/18/2014 09:38
“Simple Jack” is back. Yesterday it was the 4x oversubscription for Kenyan debt at 7% yield; today we see bailed-out Cyprus (yes that Cyprus) managed to sell EUR 750 million of 5 year maturity debt at a 4.85% yield. As Reuters reports, this is the fastest comeback […]
blog.milesfranklin.com / By Bill Holter / June 10th, 2014
I know that you’re probably wondering about the title “…And It’s Gone.” I wanted to write further about the “missing metals” in China and how quickly we could see the machine go into reverse because of the leverage, size and amount of players involved. […]
news.goldseek.com / By Mike Hoy / 21 May 2014
We are very rapidly approaching a point in time where the citizens of the USand the inhabitants of the free world will be faced with the true reality of the simple fact that there is no such thing as a “free lunch” and the bills must […]
zerohedge.com / by Tyler Durden / 04/25/2014 04:42 -0400
Cyprus and Russia – what’s the difference (aside from the fact that the former was a money laundering offshore center of the latter until last year of course)?
If you said one is a lackey to statist, selfish banker interests, and […]
goldmoney.com / By Alasdair Macleod / 11 April 2014
I am often asked whether or not western governments are likely to confiscate gold, and my answer has invariably been on the lines of “unlikely at the moment, because so few people own gold”. However given low stock levels in western vaults and that bail-ins are […]