The daily bulletin of Italy’s Communist Refoundation Party published today the apparently official program of the Greek coalition of the left, Syriza. Here the 40 points of the Syriza program. Audit of the public debt and renegotiation of interest due… Read More ›
Euro-Armageddon is still coming: Two Greek banks have reportedly asked for immediate liquidity assistance!
Well folks it’s the story that won’t go away. Just like what Einstein said about insanity: “Insanity is defined as repeating the same action only expecting a different result”. These bankers truly are insane. It has been reported that two… Read More ›
Russia’s central bank bought more than 130 tons of gold this year. Russia has shifted even more assets into gold because it has had a particularly bad year. Western sanctions, coupled with the fall in oil recently, has caused a lot… Read More ›
A post- American dollar world can emerge sooner than you think with a global reserve currency that could be backed by gold, according to Currency Wars author Jim Rickards argues in his latest book. In 1971, President Nixon imposed national… Read More ›
Gold and silver have risen to their highest levels this year on news of a sudden stop in lending by the $8 trillion Chinese shadow banking system and the mounting geopolitical tensions between the US and Russia over Ukraine, and… Read More ›
The Chinese yuan can overtake the dollar as the leading international reserve currency, a new poll of institutional investors indicates. The authors of the survey, conducted by the Economist Intelligence Unit and commissioned by State Street financial services, polled 200 senior… Read More ›