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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The beginning of the end for the "petrodollar"?

“Numerous reports point out that Saudi Arabia has been one of the main forces pushing the US for a military intervention in Syria. Prince Bandar bin Sultan, the chief or Saudi intelligence, has offered to pay Washington for all expenses incurred during the intervention and some reports claim that he has threatened Vladimir Putin with […]

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Gold Bulls Raise Wagers Most in Month on Stimulus: Commodities

“Hedge funds’ combined holdings in gold futures rose the most this month as continued U.S. monetary stimulus spurred investors to sell short contracts and sent prices toward the first quarterly advance in a year. The net-long position in bullion jumped 12 percent to 78,654 futures and options in the week ended Sept. 24, the most […]

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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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Ecuador abandons rain forest protection to pay its China debts

“When a poor nation finds a massive oil reserve beneath a rainforest with more species per hectare than in all of North America, it makes for a nettlesome problem. When you add in a huge amount of debt to resource-hungry China, it makes for an environmental catastrophe. Ecuador thought it found a unique way to […]

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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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