NEWS US Fed to get greater powers: Bernanke

Bernanke said the absence of a process to deal with systemically important institutions in 2008 left regulators facing the “terrible choices of a bailout or allowing a potentially destabilising collapse”. Bernanke is making the comments at a conference sponsored by the International Monetary Fund. The financial overhaul law passed by congress in 2010 gave regulators […]

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China premier warns against loose money policies

In one of the few occasions when a top official has specified the minimum level of growth needed for employment, Li said calculations show China’s economy must grow 7.2 percent annually to create 10 million jobs a year. That would cap the urban unemployment rate at around 4 percent, he said. “We want to stabilize economic growth […]

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China Converting U.S. Dollar Debt Holdings Into Gold At Accelerating Rate

China, Russia and other nations are exiting their dollar-denominated holdings in favor of gold. This action should put pressure on the dollar and U.S. treasuries, pushing not only central banks, but mainstream investors towards the safety of precious metals and other tangible assets that cannot be defaulted on. There will be a rush out of dollars […]

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Gold and Silver Price Manipulation from the Top Down

The manipulation of gold prices, along with practically every other asset class, has perfectly transparent legal precedent. The precious metals political hot potato taboo has been strong enough to make it almost impossible for the mainstream to understand. And while it is perfectly plausible and even celebrated by the practitioners, the greatest threats to economic […]

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When The World’s Largest Gold Vault Gets Cleaned Out

What’s going on? What do these graphs mean? Above you’ll see ten years’ worth of graphical data concerning gold trades on COMEX, which is an exchange that offers warehouse services for clients who trade metals. That is, COMEX stores gold at designated sites, on behalf of its clients. When you read about “gold trading,” this […]

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There’s a liquidity crunch developing

This week an article in Euromoney points out that liquidity in bond markets is drying up. The blame is laid at the door of regulations designed to increase banks’ capital relative to their balance sheets. Furthermore, the article informs us, new regulations restricting the gearing on repo transactions are likely to make things worse, not only reducing […]

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Deflation Rebuttal & Reich Economics

As introduction to this article on the bizarre nature of all things economic and financial within the Untied States, consider once again the Deflation Knuckleheads. Be sure to know that the Jackass considers Rick Ackerman to be one of the premier technical chart analysts in the world. He has taught me in the past from […]

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October Payrolls Soar By 204,000, Nearly Double Expected Print; Unemployment Rate Rises To 7.3%

Both the number of unemployed persons, at 11.3 million, and the unemployment rate, at 7.3 percent, changed little in October. Among the unemployed, however, the number who reported being on temporary layoff increased by 448,000. This figure includes furloughed federal employees who were classified as unemployed on temporary layoff under the definitions used in the […]

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Goodbye Old Counterfeit $100 Bill, Hello New Counterfeit $100 Bill

As a tribute to the old $100 Bill, Michael Maloney takes a look at its security features and poses an important question as we begin to start using the Fed’s latest ‘One Hundred Dollars’ ‘note’. In Episode 5 of Hidden Secrets Of Money, you’ll get to tour one of the world’s greatest Monetary Museums with Mike. […]

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ECB Cuts Key Rate to Record Low to Fight Deflation Threat

The European Central Bank cut its benchmark interest rate to a record low after a drop in inflation to the slowest pace in four years threatened its mission to keep prices stable. Policy makers meeting in Frankfurt today reduced the main refinancing rate by a quarter point to 0.25 percent. The decision was predicted by […]

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