The Euro Could Disappear In 10 Years – BlackRock CE

The euro could be in danger of disappearing within the next decade if France does not continue pushing economic reforms, BlackRock Capital boss Larry Fink said Tuesday. Fink expressed his concern about the health of one of Europe’s largest economies at The New York Times’s DealBook Conference, mentioning France’s recent downgrade by Standard & Poor’s. “I don’t think […]

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REPORT: JP Morgan Is About To Pay A Gigantic Fine, And It Could Still Face Criminal Charges

Multiple outlets are reporting JP Morgan will pay a $13 billion civil penalty for allegedly failing to warn investors about risks in mortgage backed securities trades. It would be the largest civil penalty ever levied, representing more than half of the bank’s 2012 profits. But it may still not be enough to shield it from the Justice […]

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Balance Sheet Liquefaction And The Race For Precious Metals

  The Fed seems to be stuck because of housing market weakness and its associated mortgage backed securities. The repo market appears to be where the stress is most threatening, though hidden from view. These trillion dollar daily transactions are the lifeblood of world financial markets. Furthermore, the size of global financial markets has become […]

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Canadian billionaire predicts end of US Dollar as world's reserve currency – Ned Goodman

“Canadian billionaire businessman Ned Goodman predicts the end of the U.S. Dollar as the world’s reserve currency. He predicts the transition out of the U.S. Dollar will become, “…quite ugly.” He delivered the lecture at Cambridge House’s Toronto Resource Investment Conference 2013 on Thursday, September 12, 2013.”   Continue reading on goldsilver.com

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Jim Rickards – Max Keiser interview

“In this episode of the Keiser Report, Max Keiser and Stacy Herbert, report from the heart of hedge fund land in Stamford and Darien, Connecticut, where they discuss the deja fraud of highly leveraged markets five years after Lehman collapsed and the nonsense job economy in which highly trained engineers spend their working lives dividing […]

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They Denied That We Were In A Depression In 1933 And They Are Doing It Again In 2013

“The more things change, the more things stay the same.  The Great Depression actually started in 1929, but as you will see below, as late as 1933 the Associated Press was still pumping out lots of news stories with optimistic economic headlines and many Americans still did not believe that we were actually in a […]

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'Money For Nothing' – The New Fed Documentary

“Charting 100 years of Fed history, the film features an impressive collection of economic actors and thinkers: Paul Volcker, Janet Yellen, Jim Grant, Peter Atwater, John Mauldin, Barry Ritholtz, Gary Shilling, and others. It’s also narrated by the dulcet tones of Liev Schreiber. If Farhenheit 9/11 was Michael Moore’s seminal repudiation of George W. Bush’s foreign policy, Money […]

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Currency Wars – Norway, Asia, Aussie – slammed and slammed hard

“A volatile day in FX – Norway’s crown, the Aussie and emerging Asia all fall sharply, while the euro hits a 2-month high. Neal Kimberley makes sense of it all. ”   Continue reading on goldsilver.com

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Bitcoin Bites – Germany recognizes digital currency as 'private money'

“Bitcoin is slowly joining the big league of currencies. Germany has become the first country to accept the digital money as legal tender – recognized in law and for tax purposes. Katie Pilbeam from RT’s Venture Capital program explains.”   Continue reading on goldsilver.com

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UK cash ends in hands of Al Qaeda

“The UK’s Department for International Development has admitted that half a million pounds of British foreign aid and equipment has fallen into the hands of al-Qaeda. The confession comes as austerity cuts have become part of everyday life in the UK, and the question if aid is the best way taxpayers’ cash should be spent […]

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