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| RATIOS & INDEXES |
| Gold / Silver | 61.12 |
| Gold / Oil | 14.49 |
| Dowjones / Gold | 11.06 |
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 | Articles related to Bank Failures |  |
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 | Mike Maloney - Goldsilver |
| The Federal Reserve Treasure, or Relic? |
| Many would argue that the Federal Reserve is the mainstay of the American economy—that without a Federal Reserve, the nation’s finances would spin out of control and create massive global instability. Supporters of the Federal Reserve system believe prosperity requires prices to be altered by congressionally authorized monopoly—enforced by the Legal Tender law.
U.S. Founding Father Thomas Paine on legal tender:
As to paper money, in any light it can be viewed, it is at best a bubble.
If anMonday, May 20, 2013 |
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 | Mark O'Byrne - gold.ie |
| European Union Likely to ‘Bail In’ Large Depositors |
| Today’s AM fix was USD 1,436.50, EUR 1,103.47 and GBP 938.15 per ounce.
Yesterday’s AM fix was USD 1,429.75, EUR 1,102.52 and GBP 931.19 per ounce.
Cross Currency Table – (Bloomberg)
Gold fell $11.90 or -0.82% yesterday to $1,431.40/oz and silver finished -0.8%.
The European Union will today meet to discuss and move forward the proposal to ‘bail-in’ depositors with savings of over €100,000 as part of future bank wind-downs. It now looks likely that the EU is going to take unprecedented stepTuesday, May 14, 2013 |
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 | Jim Willie CB - Hat Trick Letter |
Financial Treachery & Harsh Consequences  |
| The most powerful element of the shift has been the movement of gold wealth from Western locations (New York, London, Switzerland) to Eastern locations (China, Russia, Singapore, Taiwan, Hong Kong). Most residents of the United States, the United Kingdom, and Western Europe are in shock, constantly distracted by the sweeping disruptive events led by a) unstoppable government deficits, b) the powerful crumble of sovereign bonds, c) the ruinous insolvency of the banking systems, d) the relentless reign of tax terror, and e) the tragic decline of the underlying economiesWednesday, May 01, 2013 |
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 | Mish - Global Economic Analysis |
| Is Capitalism Killing Our Morals and Economy? |
| In one of the most hopelessly incorrect collections of drivel that I have ever seen, Paul Farrell of MarketWatch writes Capitalism is killing our morals, our future.
Yes, capitalism is working ... for the Forbes 1,000 Global Billionaires whose ranks swelled from 322 in 2000 to 1,426 recently. Billionaires control the vast majority of the world’s wealth, while the income of American workers stagnated.
Over the years we’ve explored the reasons capitalism blindly continues on its self-destructiMonday, April 29, 2013 |
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 | Mickey Fulp - Mercenary Geologist |
| If You Keep Your Money with the Banksters, They are LOL. |
| O Gold!I still prefer thee unto paper, Which makes bank credit like a bark ofvapour.Lord Byron, 1815.
It was 1:30 am on Thursday March 28 on the West Coast of North America. Still jet-lagged a week following my return from Asia, I awoke after a mere three hours sleep to an epiphany.
The thought evidently coincided with the time thatbanksters in Cyprus braced for a run on reserves.Monday, April 22, 2013 |
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 | Fabrice Drouin Ristori - GoldBroker.com |
| Gold and Silver : Post-Crash Analysis |
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There is strictly nothing happening now on the gold and silver markets that would be related to fundamentals. This crash, just like the other ones, is orchestrated, and it doesn’t reflect the extremely tense situation on the physical gold and silver markets.
Here is how some of the significant elements are to be taken into account. I have put them in three different categories :
1) The Global ContextThursday, April 18, 2013 |
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 | Adam Hamilton - Zealllc |
| GLD Holdings Plunge |
| Gold has faced stiff headwinds lately as investors abandon alternative investments to chase record-high stock markets. Probably the most significant has been the major selling hammering the flagship GLD gold ETF. It has suffered such intense differential selling pressure that its custodians have been forced to dump enormous quantities of physical gold.Saturday, April 13, 2013 |
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 | Jesse - Le Café Américain |
Are All G20 Bank Depositors Exposed to a Cyprus Style Seizure of Deposits for a 'Bail-in  |
| Dave from Golden Truth has let me know of an interesting quote from an article by Eric Sprott titled Caveat Depositor which *could* explain why countries like New Zealand and Canada are quietly tilting towards seizing bank deposits to recapitalize failed banks.
"If there is a risk in a bank, our first question should be: ‘Ok, what are you the bank going to do about that? What can you do to recapitalise yourself?’ If the bank can’t do it, then we’ll talk to the shareholders and the bondholders.Saturday, April 13, 2013 |
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| Jesse - Le Café Américain |
 Why Go After the Depositors To Save 'the Taxpayers?' |
| One thing that puzzled a couple of people is this.
Why go after depositors, in order to save the 'taxpayers.' Aren't they the same people?
Well, obviously in the case of the European Monetary Union this is not the case. And this is the great weakness of a single currency without more comprehensive provisions for fiscal union that makes it inherently unstable. Wealthy Germans feel no kinship with Cypriots, Greeks, or Spaniards.
But what about New Zealand and Canada, countries that have theWednesday, April 10, 2013 |
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| Mark O'Byrne - gold.ie |
| Global Deposit Confiscation Called For By Influential CEO Of Italy's Largest Bank |
| The CEO of Unicredit Federico Ghizzoni said yesterday that it is “acceptable to confiscate savings to save banks.” He said that the savings which are not guaranteed by any protection or insurance could be used in the future to contribute to the rescue of banks who fail and that uninsured deposits could be used in future bank failures provided global policy makers agree on a common approach.Saturday, April 06, 2013 |
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 | Chris Powell. - GATA |
| Alasdair Macleod: BIS is coordinating plans to expropriate bank depositors |
| Expropriating large depositors at troublesome banks is now international policy coordinated by the Bank for International Settlements, GoldMoney's Alasdair Macleod writes today, and while distribution of one's deposits to preserve coverage by government deposit insurance may provide some protection, in the end any wealth held in the international banking system is vulnerable.
"That the BIS feels it has been necessary to co-ordinate G20 nations into a common approach to bank rescues using uninsuFriday, April 05, 2013 |
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 | Alasdair Macleod - Finance and Eco. |
 Danger in bank accounts |
| The thinking behind GoldMoney’s business model was that there might come a time when prudent savers would want to protect themselves from the twin risks of a global banking crisis and a loss of purchasing power of paper currencies. The first of these two risks is now upon us, and it is important that everyone with savings to protect is aware of what is happening to banks and their bank accounts. By the time this is fully understood by the media it may be too late to act.
It has been obvious foThursday, April 04, 2013 |
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| Jesse - Le Café Américain |
| CBC: Canada To Adopt the Cyprus Model of Depositor 'Bail-In' In Case of Bank Failure |
| The smugness of the Canadian politicians is reminiscent of the Bank of New Zealand.
Perhaps that is what the political do when they are making plans for a gathering storm and they wish for everyone to remain on the beach in the meanwhile.
I could be wrong, but in my judgement nothing in the global banking system is safe if the massive derivative bubble collapses.
It will not only take down the private banks, but quite a few sovereign countries as well.
I am of the opinion that in the StaThursday, April 04, 2013 |
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| Jesse - Le Café Américain |
| Net Asset Value Premiums of Certain Precious Metal Trusts and Funds - Part Deux |
| Blatant as can be.
In general, it is 'open season' on small investors in the markets, so why should gold and silver be otherwise?
The only thing that the precious metals are correlated to here is manipulation.
Canada Weighs Cyprus Solution For Bank Failures - CBC
Non-Farm Payrolls on Friday.Wednesday, April 03, 2013 |
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| Jim Willie CB - Hat Trick Letter |
 USDollar: Ring-Fenced & Checkmate |
| An unstoppable sequence of events has been put into motion finally. The pressure has been building for months. Some themes are plainly evident, except to those who wear rose colored glasses in the US Dome of Perception. The USTreasury Bond will be brought home to the US and British banks, where it will choke its bankers, then be devalued for survival reasons, after a painful isolation. The Chinese and Russians will conspire to finance the Eurasian Trade Zone corridor foundation with USTBonds, heSaturday, March 30, 2013 |
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 | Andy Sutton |
| Let?s Get Cyprused |
| My Two CentsThere is little doubt that the past two weeks have brought about dramatic changes in most circles regarding the way people look at banks, bank deposits, and the monetary situation in general. This year?s ?Ides of March? will no doubt go down in history as a pivotal period where once again our world changed forever. One would be right in stating that there have been many such watershed events in the past decade and a half and that alone should be even more persuasive to those who beliThursday, March 28, 2013 |
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 | Axel Merk - Merk Fund |
| Gold, a Hedge Against Financial Repression? |
| Had those with money tied up in the Cypriot banking system owned gold instead, they might have been able to watch the unfolding crisis relaxing on the beach. So why isn?t gold going through the roof? Is Cyprus too small to matter? Can it happen in the U.S.? Should investors hold gold? First, be aware that bank failures do happen, in Cyprus and the U.S. alike. A bank deposit is nothing but a loan to the bank. To the extent that these deposits are guaranteed, the creditworthiness of the guarantorWednesday, March 27, 2013 |
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 | Julian D. W. Phillips - Gold Forecaster |
| Has the Gold Price Turned the Corner? |
| Technical PictureGold bounced off $1,560 a target that it had held for the last year and more. It consolidated at $1,580 and has now tackled $1,600.The bounce was off the long-term trend line. While resistance in the higher $1,600 area could be formidable a look at the reasons why it fell through support at $1,650 is worthwhile.Recent FundamentalsThe prime cause of the gold price falling so much in the last few months, has been the over 100 tonnes of sales from the SPDR gold Exchange Traded FundSaturday, March 23, 2013 |
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| Jesse - Le Café Américain |
| Modern Money: A Study In Confidence and Crisis |
| "Those who think there is little risk of a levy being imposed on other periphery members are missing the point. The seeds of doubt have been planted. As a saver facing zero yields on deposits and a potential haircut, why keep your savings in a bank? Sure it is convenient for electronic transactions, but individuals can adapt easily. As one of my more amusing colleagues put it, 'mattresses now hold a 10 per cent premium.'"
Ben Davies, Cyprus, Oh the Irony!
"Making small-scale savers pay is exThursday, March 21, 2013 |
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 | Adrian Ash - Bullion Vault |
| Cyprus & the Biggest Myth of Banking Today |
| Bank deposit accounts should be sacred. Right up until they're not...YOU'D THINK that with all this practice, politicians would know how to handle a banking crisis by now. Most especially in the Eurozone.But no. Five years since Bear Stearns hit the skids (the anniversary was Monday) the Cypriot mess is such a mess that people elsewhere feel the urge to say that "it couldn't happen here."Portugal's finance minister said it Tuesday afternoon. Italy's La Stampa newspaper said it Tuesday morning. YWednesday, March 20, 2013 |
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