While Ben Bernanke once said that "gold is not money", it appears China, Dubai, and most especially Turkey and Iran would disagree. On the heels of the "Petrogold" wars we discussed previously, a leaked report of a secret plot to 'juice' Turkey's trade balance exposes gold at the heart of "one of the most complex illicit finance schemes [prosecutors] have seen." read more
From Zerohedge.com
While Ben Bernanke once said that "gold is not money", it appears China, Dubai, and most especially Turkey and Iran would disagree. On the heels of the "Petrogold" wars we discussed previously, a leaked report of a secret plot to 'juice' Turkey's trade balance exposes gold at the heart of "one of the most complex illicit finance schemes [prosecutors] have seen." read more
0 Comments
From WallStForMainSt Published on Jun 20, 2014 Wall St for Main St interviewed entrepreneur and founder of Casey Research, Doug Casey. In this podcast, we discussed the IMF, World Bank and Federal Reserve and the harm they have done to the global economy. Doug thinks foreign aids does not stimulate the economy or even improve it because the bureaucrats and politicians usually pocket the aids to their swiss account. Also, we talked about Africa and why it is a great place for young entrepreneurs to strive. Finally, we touched the gold and silver market and the mining stocks. From smartknowledgeu Published on Jun 23, 2014 The lies bankers have disseminated to the four corners of the earth regarding inflation rates and stock markets prevent people from making informed decisions about converting fiat currency into physical gold and silver. Don't get left behind when gold and silver soar and fiat currencies collapse as the Central Bank currency wars enter their final stage. From Greg Hunter Overnight news has broken that the German government has reneged on it its twice promised and twice alerted plan to move 300 tons of gold from its holdings in the New York Federal reserve to the Bundesbank vault in Frankfurt. For background on this story see our CEO's earlier posts here and here From Bloomberg.com Article link By Birgit Jennen - Jun 23, 2014 Germany has decided its gold is safe in American hands. Surging mistrust of the euro during Europe’s debt crisis fed a campaign to bring Germany’s entire $141 billion gold reserve home from New York and London. Now, after politics shifted in Chancellor Angela Merkel’s coalition, the government has concluded that stashing half its bullion abroad is prudent after all. “The Americans are taking good care of our gold,” Norbert Barthle, the budget spokesman for Merkel’s Christian Democratic bloc in parliament, said in an interview. “Objectively, there’s absolutely no reason for mistrust.” Ending talk of repatriating the world’s second-biggest gold reserves removes a potential irritant in U.S.-German relations. It’s also a rebuff to critics including the anti-euro Alternative for Germany party, which says all the gold should return to Frankfurt so it can’t be impounded to blackmail Germany into keeping the currency union together. The Bundesbank, Germany’s central bank, sent a delegation to the New York Fed’s vault in 2012 for spot checks on the hoard. As the gold’s guardian, the Frankfurt-based Bundesbank is obliged to ensure its safety. It says it’s sensible to store part of the reserves outside the country so they can be swapped more easily for foreign currency in an emergency. Germany’s election in September hastened the shift when the Free Democratic Party, which flirted with bringing the gold home, dropped out of Merkel’s coalition and was replaced by the Social Democrats. Other supporters included Philipp Missfelder, a member of Merkel’s Christian Democratic Union who quit as her government’s envoy for relations with the U.S. in April. Juergen Hardt, his successor, signaled a change of position. Read more So it seems that this three bar monty was all for show after all. At least the guys the loading dock of the NY Fed seem happy, the red light is on and they are giving Germany a good Rock On.
From RT They discuss the rise of Bondzilla, being fed on zero percent interest rates by central bankers who have become death, destroyers of markets. In the second half, Max interviews Kerry-Anne Mendoza of Scriptonite about the policy of austerity being codeword for the ongoing wealth and property transfer from the poor to the elite. They also discuss the People’s Water Cannon and the Queen’s potential fracking riches. From SilverDoctors From silver investor.com |
Follow our CEO on Twitter
Favourite videos
Archives
August 2016
|