RSSCategory: Category: Money & Currency

People Bank Of China Promotes Participation In Gold Market

People Bank Of China Promotes Participation In Gold Market

The Chinese central bank People Bank Of China concludes their latest monetary policy report with several actions, one of which being: “The diversity of participants on the gold market will be promoted,

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100 Years Of Monetary Socialism Is Enough!

100 Years Of Monetary Socialism Is Enough!

Most of the readers are familiar with the dire consequences of having a central bank, therefore I will also not repeat the obvious and tell you how much the purchasing power of the Dollar has decreased nor talk about how our current monetary system leads to artificial booms and busts or fosters malinvestment. What I will be talking about is why I believe that, regardless of the above mentioned, the existence of a central bank is wrong and why it not only resembles but is pure socialism.

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Money, Gold And Liberty – What Has Changed In 2013?

Money, Gold And Liberty – What Has Changed In 2013?

The last year has been an interesting year in many respects, especially for precious metals. We saw strange fluctuations in the gold price, mainly because of the paper market, and also “creative” ideas by governments on how to control their citizens and their wealth.

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The Dollar And Gold In The New Great Monetary Game

The Dollar And Gold In The New Great Monetary Game

It’s fairly obvious that China is moving ahead with its plan to dismantle the dollar’s dominance in world trade and internationalise the Yuan. However, it would hasten this process if the Chinese make good on recent comments from the People Bank Of China.

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The Federal Reserve Is Leveraged Roughly 70 Times

The Federal Reserve Is Leveraged Roughly 70 Times

The Fed has $55 billion of total capital and assets of $3.843 trillion, which means that the Federal Reserve is leveraged roughly 70x.

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Western Governments Try Everything To Preserve Their Fiat Currencies

Western Governments Try Everything To Preserve Their Fiat Currencies

While major Western banks have been found guilty of one transgression after another, I don’t believe that any Chinese bank participated in these devious schemes. And, when it comes to gold, I will follow the Chinese and not the US. I will take advantage of these lower prices to buy more and not to sell. I also believe that the price of gold has made its lows for the year.

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The Most Misunderstood Threat Of Economic Implosion

The Most Misunderstood Threat Of Economic Implosion

With a global competition in currency debasements, with limitless monetary stimulus, with decreasing effects of monetary expansion, with a conscious infringement of the monetary rules, it should be clear that there is hardly a way back for our leaders. Given this outlook, we believe it is a matter of “when,” not “if” the next collapse occurs.

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Bank Bail-ins Are Now Regulated By Eurozone Finance Ministers

Bank Bail-ins Are Now Regulated By Eurozone Finance Ministers

The Irish Times writes today that EU finance ministers have agreed a set of rules that could be used to wind up insolvent banks. In future, banks creditors – including potentially savers – would suffer losses should European financial institutions collapse. That comes after Irish Minister for Finance Michael Noonan said “Bail-in is now the rule” back in June of this year.

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Current Euro Cycle Unlikely To Move Higher

| December 2, 2013 | Category: Money & Currency
Current Euro Cycle Unlikely To Move Higher

Since it’s extremely unlikely the Euro is in Week 3 of a new Investor Cycle, our expectations must be for the Euro to fall immediately from this point. The Daily Cycle does not support further upside here, as a Left Translated DC is necessary for a drop into a mild Euro ICL.

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Currency Suicide: Japan Experiencing The Ugly Effects Of Its Own Policy

| December 1, 2013 | Category: Money & Currency
Currency Suicide: Japan Experiencing The Ugly Effects Of Its Own Policy

One of the consequences of Japan’s currency debasement is now starting to show its ugly head: the cheaper Yen may be intended to stimulate exports but it simultaneously makes imports more expensive.

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QE Is Hazardous To Your Retirement

QE Is Hazardous To Your Retirement

The ZIRP and QE are causing the retirement funds for many governments and corporations to be more underfunded each year. If your retirement comes from a government pension, it is less secure each year. It can’t remain underfunded forever. Corporate pension systems invest similarly. If your retirement comes from a corporate pension, it is less secure each year.

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The Difference Between Gold and Bitcoins? Intrinsic Value!

The Difference Between Gold and Bitcoins? Intrinsic Value!

In his latest video appearance, Peter Schiff explains in detail the difference between gold and bitcoins. His main point: gold is real money because it has an intrinsic value! People want gold for itself. Yes it can also be used to exchange but it has a value unique to itself. It has its own properties that are desirable; there is nothing you can do with a bitcoin except give it to somebody else.

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Bitcoin Is Gold 2.0: Right Or Wrong?

Bitcoin Is Gold 2.0: Right Or Wrong?

Peter Schiff says: “A lot of people are going to loose a lot of money in bitcoins, a small number of people will make a lot of money, but it will be paid for by a much greater number people who lose because they are coming at the end of the pyramid scheme. I don’t see bitcoins as an alternative to gold. It is not a modern day gold standard. If anything, they are modern-day alchemists but you can not make gold digitally. It is no better than a fiat currency.”

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How Does The Collapse Of The Monetary System Look Like?

How Does The Collapse Of The Monetary System Look Like?

In a video interview on RT, Jim Rickards explains his view on the coming collapse of the international monetary system. He also argues why he does not expect any tapering.

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